- An expert foresees a massive 400% price rise for Terra Classic (LUNC), driven by the launch of a community-owned wallet.
- The proposal for the community-owned wallet by core developer Joint L1 Task Force (L1TF) has officially passed.
As the Terra Classic (LUNC) community gears up for the launch of its community-owned wallet, a respected expert makes a bullish prediction of an enormous 400% price surge for the crypto asset. The surge is expected to be prompted by the burgeoning demand and promising developments in the network.
Potential Quadruple Rally on the Horizon for Terra Classic?
Renowned market analyst Javon Marks elucidated his forecast on Twitter, indicating that the LUNC token is poised to experience substantial positive price action. This optimistic prediction stems from a comprehensive analysis of the token’s performance over the past year.
$LUNC (#TerraClassic) –
Price breakout is holding, meaning an OVER 387% RUN can still be on the way and with the MASSIVE INCREASES in MOMENTUM currently being displayed, prices can push QUICKLY and perhaps faster than many may be able to comprehend… https://t.co/iPMsC8okom pic.twitter.com/FJeOjWCLFr
— JAVON⚡️MARKS (@JavonTM1) July 27, 2023
The LUNC token’s price breakout, according to Marks, is currently maintaining its position, signifying potentially robust price action ahead. He asserts that this price surge could outpace predictions and actualize quicker than anticipated due to the token’s strong momentum.
This forecasted rally could span several months, while the broader cryptocurrency market is expected to enjoy a uniform upswing in anticipation of the Bitcoin halving event set for Q2 of 2024. Notably, this momentous 400% rise for LUNC could potentially propel the token beyond the $0.0001 threshold.
Presently, Terra Classic stands at an impressive market cap of $590,761,083, and a 4X jump would considerably enhance its ranking among top cryptocurrencies, if the relative market cap growth for Terra Classic remains consistent.
The Birth of a Community-Owned Wallet
Simultaneously, the Terra Luna Classic community has shown resounding support for a community-owned wallet. The proposition, brought forth by core developer Joint L1 Task Force (L1TF), was recently ratified by the community.
The approved proposal, Happy Catty Crypto’s Proposal 11645, emphasizes on the establishment of a dedicated wallet infrastructure to minimize the potential for privatization. The proposal garnered overwhelming support, surpassing the pass threshold with nearly 71% votes in favor, while 27% chose to abstain.
In alignment with the L1TF proposal, the development team is now tasked with creating a web version of Station, iOS & Android mobile apps, and a Chrome browser extension, all of which will be owned by the Terra Luna Classic community.
As the LUNC community eagerly awaits the implementation of these developments and the potential 400% price surge, it’s safe to say that the crypto landscape is teetering on the cusp of significant change.
