Terra Luna Classic L1TF Successfully Completed v2.3.2 Upgrade, Will LUNC Price Rally?

Terra Luna Classic core developer L1TF has successfully completed the v2.3.2 upgrade to resolve the sequence mismatch issue affecting some validators after introducing dyncomm module. Validators to slowly come online and continue to interact with the Terra Classic chain. Traders didn’t respond immediately to the upgrade and prices are mostly moving sideways.

Terra Luna Classic v2.3.2 Is Live

The Terra Classic upgrade for the deployment of terrad client v2.3.2 was executed at block 15751600 on December 8 at 12:38 UTC. The core developer L1TF changed the proposal to an upgrade to allow validators and node operators to implement changes as the chain halts automatically.

The Terra Luna Classic community passed Proposal 11890 “Upgrade to v2.3.2 (Sequence Mismatch Issue Resolution)” last week. The proposal received major support from the community, with 99.99% “Yes” votes. Among 66 validators who participated, all have voted “Yes”. This includes top validators including Allnodes, Interstellar Lounge, Interstake One, StakeBin, JESUSisLORD, and others.

Meanwhile, L1TF developer Vinh Nguyen on Thursday announced the formation of Terra Classic Coalition group to contribute to the Terra Classic chain developments as per the pay-per-job model. It is a group formed by key members of the community including Vinh, former L1TF developer Fragwuerdig, L1TF developer Gevik, developer StrathCole, and validator and creator Happy Catty Crypto.

Also Read: Bitcoin Price Can Hit $50,000 Next Week, Predicts Popular Crypto Analysts

LUNC and USTC Prices Moving Sideways

LUNC and USTC prices continue to move sideways after profit booking by traders. Terra Luna Classic ecosystem tokens saw massive trading volumes daily after Binance listed USTC perpetual contract trading and added new USTC trading pairs and LUNC/TRY pair.

LUNC price fell nearly 3% in the last 24 hours, with the price currently trading at $0.000203. The 24-hour low and high are $0.000197 and $0.000211, respectively.

Meanwhile, USTC price trades at $0.0443, down 12% in a week after a massive 400% rally. The 24-hour low and high are $0.0422 and $0.0467, respectively. Trading volumes for both LUNC and USTC fell in the last few days.

Also Read: Fidelity Spot Bitcoin ETF Added To Active ETF And Pre-Launch List

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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