Terra Luna Classic Prepares for Major Upgrade Amid Speculation of XRP-Like Breakout
Highlights:
- Upgrade Proposal: Terra Luna Classic developers propose v3.3.0 upgrade to simplify tax handling and boost chain utility.
- Community Support: The proposal has overwhelming approval, with 99.94% voting “Yes.”
- Price Speculation: LUNC price could rally, following a triangle breakout pattern similar to XRP’s recent surge.
Terra Luna Classic v3.3.0 Upgrade: What to Expect
The Terra Luna Classic community is voting on software upgrade proposal 12148, which seeks to implement version 3.3.0 of the terrad client.
- Key Features: The upgrade focuses on simplifying tax handling and enhancing the chain’s appeal to developers and dApps from the Cosmos ecosystem.
- Timing: If approved, the upgrade will take place at block height 21163600, estimated to occur on December 17, 12:57:47 UTC.
- Support: Validators and delegators strongly back the proposal, with all 39 participating validators, including JESUSisLORD and TerraCVita, voting in favor.
LUNC Price Charts Signal Potential Breakout
The LUNC price chart shows a symmetrical triangle breakout similar to XRP’s historic rally.
- Current Performance: LUNC is trading at $0.0001613, down 6% in the last 24 hours after a weekly rally of over 40% and a 90% monthly uptrend.
- Key Levels: A close above $0.00018 could push the price toward $0.0005, with a further rally dependent on high trading volumes.
- Burn Impact: Binance’s 1.7 billion LUNC token burn recently fueled a 30% price surge.
Comparisons with XRP’s Recent Rally
XRP saw a dramatic rise following a symmetrical triangle breakout, boosted by ETF filings, SEC news, and stablecoin launches. Similarly, Terra Luna Classic’s triangle breakout has sparked speculation of a significant rally if trading volumes support the momentum. 
Broader Ecosystem Momentum
Other Terra ecosystem assets have also gained:
- USTC: Up 20% in a week, now trading at $0.030.
- Terra (LUNA): Gained 52% in a week, hitting $0.79 amid increased leverage from Binance.
Outlook
The Terra Luna Classic upgrade and broader ecosystem developments could generate the trading volume needed to sustain LUNC’s upward trajectory, with the community eyeing key Fibonacci retracement levels for future price targets.
