Terra Luna Classic (LUNC) is in the spotlight as Binance supports the latest network upgrade. This signals a potential price increase for LUNC, despite the overall crypto market downturn. Support from Binance and key updates to the network have bolstered confidence in LUNC’s future growth and stability.
Details of the Terra Luna Classic Upgrade
Binance has confirmed support for Terra Luna Classic’s v3.4.0 upgrade, scheduled for February 25, 2025. The exchange will temporarily suspend deposits and withdrawals on the Terra Classic network at 14:00 UTC, with the upgrade set to occur at block height 22,176,864 at 15:00 UTC. Trading for LUNC and related tokens will remain unaffected. The v3.4.0 update includes the removal of outdated fork modules, transition to an updated codebase, fixes for vulnerabilities, and improvements in multisend tax handling.
Support from Binance and Community Trust
The Terra Luna Classic community recently voted in favor of another upgrade, 'Msg Software Upgrade v2.15.0', focused on bug fixes and enhancing blockchain stability. Binance's backing and the community’s commitment to improving the network likely provide positive momentum for LUNC.
Future Predictions for LUNC Price
Despite a recent 6% decline in LUNC’s price, observers suggest that ongoing developments in the Terra Luna Classic network could lead to a price breakout. At the time of writing, LUNC’s price was $0.00006683, reflecting a 2.88% drop in the last 24 hours.
Binance’s support and the community’s approval of new upgrades for Terra Luna Classic highlight significant efforts to enhance the network. These developments may increase investor confidence and signal potential future price growth for LUNC.
