LUNC price is on a successful run this bull cycle backed by key developments on the Terra Luna Classic chain. LUNC price has now rallied over 30% in a week after profit booking due to two key events — the successful v2.4.2 upgrade and the release of Terra co-founder Do Kwon.
Terra Luna Classic v2.4.2 Upgrade
Terra Luna Classic major chain upgrade v2.4.2 was successfully implemented, with the transition to new binary and components. Primarily, IBC-Hooks will enable the onboarding of dApps on the Terra Luna Classic, with mostly notably Enterprise DAO.
Genuine Labs announced it was a smooth upgrade and validators gradually came live after the upgrade. The Terra Luna Classic developer group also announced progress on the Terra Classic Security Package upgrade. This will boost security, functionality, and interoperability. The developer team planned to complete all developments in 8 weeks.
The rise in development activity of Terra Luna Classic is one of the reason behind a massive increas
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