Terra Classic’s LUNC: Analysts Spot ‘MAJOR STRENGTH,’ Governance Upheaval Unfolds

The Terra Classic community is filled with excitement as analysts and insiders share insights into the potential trajectory of LUNC, the native token of the Terra Classic blockchain. At the same time, changes to the governance framework within the community have sparked significant interest.

LUNC: Gearing Up for Remarkable Gains?

Crypto analyst Alex fueled optimism by stating, “$LUNC is gaining energy for next move, and it looks absolutely incredible!” His bullish sentiment resonated with the community.

Echoing similar sentiments, JavonTM1 highlighted LUNC’s “MAJOR STRENGTH” and predicted a potential “NEXT LEVEL” rally. He identified a target of $0.00058046 and suggested the possibility of reaching $0.00139122, representing a staggering 207% to 630% upside. Moreover, JavonTM1 cautioned that this potential run could unfold rapidly.

JL1TF Disbandment and CodeBase Transition

In a significant development, The Vinh Nguyen, JL1TF lead developer announced the disbandment of JL1TF, a group of engineers responsible for maintaining the Terra Classic blockchain’s source code.

Nguyen cited various reasons for most JL1TF members’ departure, rendering the group unable to fulfill its mission. Consequently, all repositories on the Terra Classic GitHub organization have become the property of the Terra Classic community.

Moving forward, Nguyen proposed that Genuine Labs should be selected to manage the Terra Classic codebase. He cited their recent proven work, enthusiasm, and the ongoing upgrade proposal to Cosmos SDK v0.50.x as factors supporting this recommendation.

“With recent upgrade proposal to Cosmos SDK v0.50.x, the team deserves a fair opportunity to demonstrate their capabilities by completing, deploying, and maintaining it,” Nguyen stated.

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Despite the disbandment of JL1TF, Nguyen pledged to continue providing technical advice to any party selected through community governance to oversee the Terra Classic GitHub organization.

As the Terra Classic ecosystem navigates these developments, the community remains vigilant, closely monitoring the implications for LUNC’s future trajectory and the blockchain’s long-term sustainability.

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Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.