LUNC is currently trading at 0.000267, a gain of 62% compared to the previous day.
Reasons behind Terra Classic's (LUNC) price rise
There are several causes for the dramatic increase in LUNC's price due to the high volatility of the cryptocurrency market.
However, LUNC's V22 network upgrade may be one likely cause of this price increase.
The TerraClassic developers just started a new network update which, if authorized, will let investors immediately buy a stake in LUNC.
A staking feature added to the blockchain in version V22 is thought to be the crucially important spark that will help the LUNC rise above the prolonged consolidation.
According to reports, about 69% of the people cast a ballot.
The delayed project will get much-needed impetus if the vote is favorable and approved.
Interestingly, Binance, the biggest cryptocurrency exchange by volumes, had said last month that it would assist the network update by temporarily restricting deposits and withdrawals until the upgrade...
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