TerraClassicUSD Repegging: Revitalizing LUNC and Impact on Blockchain Future

The Terra Classic (LUNC) core developer team Joint L1 Task Force (L1TF) plans to work on TerraClassicUSD (USTC) repeg to $1 after the v2.1.0 parity upgrade is approved. The community unanimously passed Proposal 11548 “USTC Test Environment” on June 7, reflecting the project’s significance. This initiative aims to revitalize LUNC and restore utility to the Terra Classic blockchain.

Terra Luna Classic Surge & Burn Rate Debate: Altcoin Prospects Amid Rising Uncertainty

Terra Luna Classic (LUNC) has surged 30%, with recent proposals on raising its on-chain burn rate to 1.5%. This could impact LUNC’s supply and help its recovery. However, uncertainties and lack of consensus hinder progress. Wall Street Memes (WSM), a new crypto emerging from meme stocks, shows potential as presales raised over $3.5 million, attracting 220,000+ followers.

Crypto Comeback: XRP, Lido DAO, Terra Classic Surge Amid Market Uncertainty

This week, cryptocurrencies XRP, Lido DAO (LDO), and Terra Classic (LUNC) demonstrated strong performances despite mixed market results. XRP broke the $0.5 resistance level, LDO’s popularity drove its price growth, and LUNC surged by 26.24%. However, market conditions and ongoing legal proceedings could impact their future performances. Conduct thorough research to minimize financial risks before investing.

Green Crypto Surge: Cardano Leads, Ecoterra Offers Massive Potential

Crypto markets are increasingly favoring eco-friendly cryptocurrencies like Cardano (ADA), the first carbon-neutral blockchain. Cardano Forest, ADA’s joint venture with VeriTrees, and grassroots initiatives are driving its green appeal. Other green crypto projects like Ecoterra, an inventive ‘Recycle-to-Earn’ project, are gaining traction, offering investors unique eco-conscious opportunities with potential financial returns.

Binance Delisting & Leverage Revisions: Impact on Terra Classic’s Future Growth

Binance, the largest crypto exchange, plans to delist and update the USDⓈ-M 1000LUNCBUSD Perpetual Contract, potentially reducing Terra Classic (LUNC) trading volume on the platform. Further protective measures for the contract, including adjustments to leverage and position value, may impact LUNC price. Investors should conduct due diligence before investing in cryptocurrencies.

CosmWasm v2.1.0 Parity Upgrade: Terra Classic’s Game Changer or Overhyped Event?

The Terra Classic LUNC developer group Joint L1 Task Force has completed version 2.0.1 and is now focusing on the CosmWasm v2.1.0 parity upgrade, potentially bringing Terra Classic on par with blockchains like Terra 2.0 and Cosmos. The upgrade, integrating features such as Edward Kim’s AI app chain “Block Entropy,” is now scheduled for June 14 to allow for additional testing.