The Terra Luna Classic (LUNC) community has shown strong support for a proposal aimed at granting access to control panels managed by Terraform Labs (TFL). This initiative appears to have positively influenced the pricing trends of LUNC and USTC, which have recently surpassed key resistance levels.
What Does the Proposal Entail?
Proposal number 12141, named “Transactions Related to CoinMarketCap and Other Lists,” is on the verge of acceptance. Its primary objective is to facilitate TFL’s access to CoinMarketCap and other pertinent listing platforms associated with Terra Classic. As the sole entity with the necessary control over updates related to websites, social media, and other critical information for LUNC and USTC, the bankrupt TFL holds a significant role in the community’s operations.
How Have Prices Responded?
In light of these developments, LUNC’s value has increased by 2% in the past 24 hours, currently priced at $0.00009136. The trading volume has seen a 15% uptick, indicating rising trader interest. Similarly, USTC’s price has risen by over 4%, enhancing its trading volume by 32% within the same period.
Key takeaways from these developments include:
- The community is gaining more control over essential platforms.
- Increased trading volumes suggest heightened investor interest.
- Price hikes in both LUNC and USTC reflect positive market sentiment.
These actions mark a vital step for the Terra Luna Classic community as they strive to solidify their strategies and navigate the changing landscape of the cryptocurrency market.