- Terra Luna Classic developer has announced an upgrade to Terra Classic Wallet. Will this development begin a recovery in LUNC price?
- The upgrade improves functionalities, usability, and other advancements in general.
- LUNC and USTC prices remains under pressure amid lack of trading volumes in the broader crypto market.
An upgrade to the Terra Classic Wallet by Terra Luna Classic developer could potentially trigger a recovery in LUNC price. The update aims to enhance functionalities and usability, amidst a challenging market environment for LUNC and USTC prices due to low trading volumes.
Major Upgrade to Terra Classic Wallet
The Terra Luna Classic community was informed of a significant upgrade to the Terra Classic Wallet, designed to improve functionalities and usability. Developed by popular LUNC developer StrathCole using the CosmES Wallet Kit, the wallet is still in its early stages and will continue to receive enhancements.
Impact on LUNC Price
Despite signs of recovery in the trading volumes of Terra Luna Classic ecosystem tokens, the broader negative bias in the crypto market continues to exert pressure on altcoins. LUNC price has fallen more than 2% over the last 24 hours, with the price currently trading at $0.0001042. For a rally to $0.0002, the LUNC price needs to break above the $0.00012 resistance.
Conclusion
The upgrade to the Terra Classic Wallet could potentially trigger a recovery in LUNC price. However, the broader market conditions and trading volumes will also play a crucial role in determining the future price trajectory of LUNC.
