Terra Classic price to witness massive rally in December. The community has already started to prepare for the upcoming changes and price rallies, with developers, validators, and projects submitting various proposals. The LUNC price dived lower to $0.00015 following the collapse of crypto exchange FTX. Nevertheless, the price now shows signs of recovery as LUNC staked and burned grows rapidly.
Terra Classic Community Prepares for Big LUNC Price Boost
After successfully deploying the Terra Classic v22 upgrade that enabled governance changes, staking, and burn, Terra Rebels have introduced the v23 upgrade. The upgrade aims to re-enable inter-blockchain communication (IBC) between Cosmos blockchain and the Terra Classic ecosystem. The IBC channels were closed during the UST depeg to prevent loss of funds.
Terra Rebels core developer Edward Kim noted that community members could expect a significant boost in the number of projects building on the network after the v23 upgrade containing t
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