Genuine Labs, the developer behind Terra Luna Classic, has announced a substantial upgrade to sdk 47 of the chain, sparking speculation about a potential rally in LUNC price above $0.0002.

Enhancements in Store for Terra Luna Classic

Genuine Labs, the core developer group for Terra Luna Classic Layer 1, has disclosed its readiness for a major upgrade. The team is set to enhance the efficiency and resilience of the system by upgrading the Terra Classic chain. Following the announcement, LUNC price experienced a 3% increase.

Preparations for Core Upgrade

In a recent post on X dated May 24, Genuine Labs unveiled its plans for the latest version of SDK 47. The team will propose the upgrade for governance voting on the Terra Classic station. The upcoming v3.0.1 upgrade will address various components of the chain, as outlined on GitHub, with key improvements such as fixing the dyncomm decorator and addressing p2p storm attacks on the Terra Luna Classic chain.

This upgrade aligns with Genuine Labs' roadmap to enhance security features and overall performance of the chain. The successful completion of the rebel-2 testnet update to run on terrad-v3.0.1-rc.1 signifies a significant milestone. This update incorporates essential elements including SDK v0.47, wasmd v0.45, ibc-go v7, and a p2p storm fix aimed at optimizing network operations and efficiency.

LUNC and USTC Prices React

In response to the upgrade announcement and amidst a broader market recovery, tokens within the Terra Luna Classic ecosystem experienced notable price movements.

LUNC price surged by over 3% in the past 24 hours, currently trading at $0.000111, with a 24-hour low of $0.0001094 and a high of $0.0001161. Additionally, trading volume has seen a slight decrease over the same period.

Meanwhile, USTC price has risen to $0.02256, marking a more than 3% increase in the last 24 hours. The price fluctuated between $0.02128 and $0.02296 during this period, reflecting the positive market sentiment following the upgrade announcement.