Terra Classic Upgrade Proposal Ignites LUNC and LUNA Rallies

• Terra community is supporting a proposal which might boost the price of LUNC and LUNA.
• LUNC and LUNA are up 9.06% and 14.65 respectively in the past seven days.
• If the supply of these tokens continues to burn, their bullish trajectory might continue.

The Terra Classic community is rallying behind a major blockchain upgrade aimed at boosting the price of its native cryptocurrencies, LUNC and LUNA, and revitalizing the network. Both altcoins have surged in the past week, with LUNC up 9.06% and LUNA up 14.65%, according to CoinMarketCap data.

The community is voting on a significant proposal, v3.1.5, which would introduce crucial security patches and other enhancements to the Terra blockchain. The goal is to elevate the network’s standards and improve its competitiveness.

Read also: Binance Burns 1.2 Billion LUNC, Boosting Terra Classic Community Optimism

The Terra blockchain will pause at block height 19,850,000, tentatively on September 18th, pending the proposal’s outcome. The proposal also discusses a gas stimulation patch carried over the v3.1.4 version. On the other hand, if the proposal is approved, the validators and infrastructure providers will h…

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