The Terra Luna Classic community has initiated a measure to deter spam by mandating an initial deposit for submission of new proposals. This step is aimed at preserving the integrity of the proposal process and has been met with a favorable response from the community. The immediate effect was a 2% boost in Terra Classic’s value to $0.0001221.
Strategies for Network Improvement
Efforts to enhance the Terra Luna Classic network have seen the adoption of pivotal proposals that focus on staking and a substantial token burn initiative. Analysts have lauded the filter on proposal submissions, emphasizing the need to prioritize well-constructed proposals. The currency has seen increased stability around $0.000118, enjoying support from a bullish trend backed by the 200-day Exponential Moving Average, despite fluctuations during the week.
The LUNC token showed resilience by climbing above the ascending support trend line. However, it encountered resistance at $0.0001236, where the 20-day and 50-day Exponential Moving Averages intersect. Sustaining the token above this bullish support band is vital for enabling a continued upward trajectory.
Monitoring the Price Trajectory of LUNC
Should the LUNC price surpass the trend line and breach resistance levels up to $0.00014, investor interest is expected to spike. Reflecting on last year’s final quarter, the Terra Classic value reached $0.00028, signaling the ecosystem’s progress. The project’s potential is underlined by ongoing efforts to boost network performance and reclaim the stature of LUNC and USTC. The anticipation of a forthcoming proposal from the community further underscores the network’s dynamic nature. To ensure sustained growth, LUNC will need to break through key resistance levels.
