The Terra Luna Classic community has nearly completed the approval process for a proposal related to access to account control panels managed by Terraform Labs. This has impacted LUNC and USTC prices, breaking resistance levels.

Community Approval

Proposal number 12141, titled “Transactions Related to CoinMarketCap and Other Lists,” has been nearly accepted by the Terra Luna Classic community. It aims to enable TFL’s access to CoinMarketCap and other aggregators listed under Terra Classic. TFL is not expected to make alteration requests related to LUNC and USTC on CoinMarketCap and other exchanges after October 31. Since it seems unlikely that TFL will gain access to the terra.money domain, the community aims to resolve unwanted issues by requesting access to CoinMarketCap control panels and other potential chain information management panels.

Price Increases

Amid these significant developments, the price of LUNC has risen by 2% in the last 24 hours, currently trading at $0.00009136. The 24-hour low and high prices were $0.00008905 and $0.00009181, respectively. Additionally, trading volume increased by 15% over the last 24 hours, indicating a growing interest among traders. According to Coinglass data, open positions of 1000 LUNC on Binance and Bybit saw an increase of over 3% in the last 24 hours, indicating significant interest from derivative traders in Terra Luna Classic. On the other hand, the price of USTC has seen an increase of over 4%, currently trading at $0.02199. The trading volume within 24 hours has risen by 32%.

Conclusion

These developments are considered significant steps for the Terra Luna Classic community in strengthening their future strategies and adjusting to market dynamics.

Granting access to control panels for Terraform Labs is a crucial move for the Terra Luna Classic community, enhancing their position and adaptability in a changing market environment.