Terra Classic

Osmosis

Terra

Coin

<ul>
 <li>LUNC sees a 271% spike in trading volume post-governance approval.</li>
 <li>LUNC price surge to $0.0001263 signals bullish market sentiment.</li>
 <li>Proposal 12104 enhances IBC, aiming for smoother blockchain transactions.</li>
</ul>
Terra Classic (LUNC) price has been in a bullish rally over the last 24 hours, driven by significant community developments and trading activity. The Terra Luna Classic community recently passed a critical governance proposal that has had a direct impact on the market dynamics of LUNC and its associated tokens.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/wq3Hh3a-PGrnTwuzGGU37132sZAMQ_hN_6-Al3ptLTapes8leq22MVG3za3-ixDbq-tSB26e4o5EJtl4My19owtRb8sX4EIH7vLiHUrtNVn125o0PJb_N2XLzE9pEQydXe5RBDotE7F6GMrNZkSqGrY" alt="">
</figure>
LUNC/USD 24-hour price chart (source: <a href="https://coinmarketcap.com/currencies/terra-luna/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>)
At press time, <a href="https://coinedition.com/terra-luna-classic-lunc-price-prediction/" rel="noopener noreferrer nofollow">LUNC </a>was trading at $0.0001147, a 2.55% surge from the intra-day low. During the rally, its market capitalization also gained 2.75% to $664,477,770.
<h2 class="wp-block-heading" id="h-terra-luna-classic-proposal-nbsp">Terra Luna Classic Proposal&nbsp;</h2>
The Terra Luna Classic community has successfully approved proposal number 12104, “Reactivate Osmosis IBC,” submitted by developer Fragwuerdig, a former member of the core development team. This proposal focuses on enabling inter-Blockchain Communication (IBC) with the Osmosis protocol, aiming to restore the connection as Client ID 07-tendermint-12 on columbus-5 referencing the Osmosis validator …
The post <a href="https://coinedition.com/terra-classic-lunc-rallies-after-key-governance-proposal-approval/" rel="noopener noreferrer nofollow">Terra Classic (LUNC) Rallies After Key Governance Proposal Approval</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Terra Classic (LUNC) Rallies After Key Governance Proposal Approval

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