Will This Update Raise Terra Classic (LUNC) Prices?
After Saturday's Interchain Station wallet launch, Terra Classic (LUNC) is expected to rise significantly.
The rebranded Terra network will join other blockchains like Osmosis, Juno, and SEI to help steer the network.
The community predicts a substantial increase in the price of Terra
Classic (LUNC) after the new Interchain Station wallet launches on Saturday.
The value of the cryptocurrency token Tera Classic (LUNC) has increased significantly as a result of a recent successful integration with Interchain Station. The rebranded Terra network will join a list of other blockchains, including Osmosis, Juno, and SEI, among others, to help push the network in the correct way, according to Terraform Labs' principal developer Jared, who announced the news on his official Twitter account.
Launch of LUNC Interchain Station
Additionally, Jared indicated that new chains will soon join the Interchain Station, which already houses companies like SEI, Mars, and Pisco. His action will make it possible for several blockchains to seamlessly communicate with one another at all times. The lead developer also indicated that additional features will be released over the course of the following several days, with a focus on the launch of the wallet for mobile devices. The station now supports the following mainnets: Luna, Lunc, Osmosis, Juno, Kujira, Carbon, HuaHua, and Cresent.
As previously reported on CoinGabbar, Terra Classic's (LUNC) price increased by around 3% on January 10 after the TFL staff described it as a "breakthrough in chain integrations" on Twitter. The new development comes after efforts by the LUNC community to rescue the faltering project—a blockchain that was created as a result of the defunct Terra ecosystem—were unsuccessful. Developers using the DeFi platform will now have simple access to oracle data from different chains thanks to the new station wallet and the interchain facility.
Prices for Terra Classic (LUNC)
The Terra Classic blockchain has not had a pleasant start to 2023 after receiving a significant hit when cryptocurrency exchange KuCoin announced its undelegation of over 48 billion LUNC tokens. The LUNC community has retaliated, meanwhile, by accepting and putting into effect new governance ideas that work to improve the chain as a whole. Recent token burns have been taking place in the Terra ecosystem in an effort to increase on-chain activity.
For instance, governance proposal 11242 aims to end the practise of reinstating a portion of the destroyed LUNC tokens. Once deployed, this upgrade will effectively remove the cryptocurrency tokens from their supply, which might, in theory, increase the price of LUNC.
The Terra Classic (LUNC) price is currently $0.00017631, as things are. In contrast to the enormous gain of 15.50% over the previous week, as reported by CoinGabbar's cryptocurrency market tracker, this indicates an increase of 0.15% for the day.
