Terra Classic Up By +18% In A Week | Know What’s Driving It

Terra Classic Up By +18% In A Week

Know What’s Driving The Price Up

Terra Classic Up By +18% In A Week | Know What’s Driving It


Terra Classic (LUNC) Is Up By +18% In A Week


(Tuesday 08 June 2023 23.00 IST)

Terra Classic (LUNC), a prominent cryptocurrency, has experienced a significant surge of +18.0% in the past seven days. Currently trading at $0.00010, LUNC boasts a MarketCap of $583 million. Lets see what’s driving the price up.


V2.1.0 Parity Upgrade

The primary catalyst behind the surge in Terra Classic’s value is the introduction of its biggest upgrade, v2.1.0 parity upgrade, which has recently been passed by the Terra Classic’s community. This upgrade, with a range of new features and improvements, has generated substantial excitement within the crypto community.

The v2.1.0 upgrade for Terra Classic encompasses several crucial components, including a minimum 5% commission for validators, the integration of CosmWasm v1.1.0, and the implementation of two vital security updates. Additionally, the upgrade introduces a WasmVM upgrade to v1.1.2, a Wasmd upgrade for enhanced multichain capability, the utilization of IBC go v4.3.1, and various bug fixes.

To facilitate a smooth transition and implementation of the upgrade, Terra Classic will undergo the v2.1.0 software upgrade at block height 13215800. As of now, this update is scheduled to take place at 13:15:23 UTC on June 14. However, it’s important to note that the block height and time of the upgrade are subject to change.

The upgrade’s announcement has created an optimistic outlook for Terra Classic, as it brings forth significant improvements to the platform’s functionality, security, and overall user experience. The introduction of the minimum 5% commission for validators ensures that validators are adequately incentivized and rewarded for their participation in securing the network.

The integration of CosmWasm v1.1.0, along with other technical enhancements, enables Terra Classic to support a broader range of decentralized applications (dApps) and smart contracts. With increased multichain capability and improved interchain communication through the implementation of IBC go v4.3.1, Terra Classic aims to strengthen its position within the broader blockchain ecosystem.

The positive market response to the announcement of the v2.1.0 upgrade reflects investor confidence in the Terra Classic project and its long-term prospects. The surge in price indicates that traders and investors perceive the upgrade as a positive development that could potentially drive further growth and adoption of Terra Classic in the market.

However, it’s important to exercise caution when considering investments in cryptocurrencies, as the market can be highly volatile and subject to fluctuations. It’s advisable to conduct thorough research and seek professional advice before making any investment decisions.



Terra Classic (LUNC) is the original Terra LUNA token left behind after the recent UST/Luna collapse and the establishment of a new Terra chain. The new Terra chain, Terra 2.0, launched on May 28, 2022, and uses a new native token called LUNA. The original Terra chain, now known as Terra Classic, continues to exist and use the LUNC token.

LUNC is a proof-of-work cryptocurrency that uses the Cosmos SDK. It was created by Terraform Labs, a South Korean blockchain company. LUNC was designed to be a stablecoin, meaning that its value is pegged to the US dollar. This was achieved through a mechanism called seigniorage staking, which involved burning LUNC tokens to mint UST tokens, and vice versa.

 Some popular exchanges that list LUNA include Binance, Coinbase, Kraken, and KuCoin.



Terra Classic’s recent surge of +18.0% in the past week can be attributed to the anticipation and excitement surrounding its upcoming v2.1.0 parity upgrade. The upgrade introduces several important features and improvements that are expected to enhance the platform’s functionality and security. As the upgrade approaches, investors and enthusiasts eagerly await the potential impact it may have on Terra Classic’s future growth and adoption.

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