LUNC News: Proposal To Re-Enable IBC Between Crescent and Terra Luna Classic Passes
The community has voted in favor of Proposal 271 to re-enable inter-blockchain communication (IBC) transfers between Crescent and Terra Luna Classic. This proposal received overwhelming support, with 99.98% of the community voting in favor. The reopening of IBCs for Osmosis, Crescent, and Juno was announced by Professor Edward Kim, who emphasized the need for continuous changes in the Cosmos ecosystem and the flow of trapped assets through the channels.
LUNC Price Continues To Fall Amid Bearish News
The current trading price of LUNC is $0.000078, showing a decrease of nearly 1% in the last 24 hours and 4% in a week. However, the community remains hopeful for a significant price jump. CoinGape Markets analysis suggests a potential increase if it breaks above the descending channel. On the other hand, USTC price has experienced a 4% increase in the past 24 hours due to the USTC repeg efforts. The trading volume has also seen a 55% increase, indicating growing interest among traders.
Key Points:
1. Proposal 271 to enable IBC transfers between Crescent and Terra Luna Classic has been approved by the community with 99.98% support.
2. Professor Edward Kim highlights the importance of keeping up with changes in the Cosmos ecosystem and allowing trapped assets to flow through the channels.
3. LUNC price is currently trading at $0.000078, down 1% in the last 24 hours and 4% in a week.
4. CoinGape Markets analysis suggests a potential price jump for LUNC if it breaks above the descending channel.
5. USTC price has increased by 4% in the past 24 hours, with a 55% rise in trading volume.
Hot Take:
The approval of Proposal 271 signifies the community’s support for enabling IBC transfers between Crescent and Terra Luna Classic. Despite the current decline in LUNC price, there is optimism for a potential price surge. The market analysis and increased trading volume indicate growing interest in LUNC and USTC. Overall, the crypto community remains hopeful for positive developments in the near future.