Terra Classic (LUNC) Price: Rally To Continue In 2023 With More Proposals?

Terra Classic LUNC News: The Terra Classic (LUNC) price pump came as a relief to the crypto market at a time when other coins are stagnant. This pump at the end of the year 2022 leaves traders with optimism around future prospects. This comes after the recent crypto crash due to FTX bankruptcy and the subsequent liquidation crisis. Meanwhile, influencers credit the Terra community support for the good activity in terms of governance and proposals.

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LUNC Price Rally With More Proposals?

Thanks to the community participation, the Terra Classic community has passed the ‘Proposal 11111’. It is aimed at repealing Proposal 10983, which increased funding for the community pool with 50% of the 0.2% burn tax instead of 10% for on-chain development. Meanwhile, influencer Classy said the huge number of people supporting LUNC is adding to the number of proposals. He added,

“The one thing we do have is the sufficient amount of people to think of good ideas to further the Terra Luna Classic blockchain which is one of the big reasons you are seeing so many proposals come up.”

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The Terra Classic (LUNC) price has been on a steady upward curve in recent hours. As of writing, the LUNC price stands at $0.0001817, up 16.52% in the last 24 hours, according to price tracking platform .

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