{"id":410877,"date":"2023-06-22T17:33:57","date_gmt":"2023-06-22T17:33:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=410877"},"modified":"2023-06-22T17:33:57","modified_gmt":"2023-06-22T17:33:57","slug":"lunc-emerges-as-best-performing-coin-despite-market-crash-whats-driving-the-surge","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/lunc-emerges-as-best-performing-coin-despite-market-crash-whats-driving-the-surge","title":{"rendered":"LUNC Emerges as Best Performing Coin Despite Market Crash \u2013 What’s Driving the Surge?"},"content":{"rendered":"

Despite the prevailing passive sentiment in the overall cryptocurrency market, Terra Luna Classic<\/a> has established itself as one of the standout performers. This comes amid recent developments within its ecosystem. Several factors have played crucial roles in bolstering the cryptocurrency’s position. Among them, the successful migration of TerraSwap Contracts and listing of LUNC on a global exchange. Others include the introduction of a revised Q3 proposal by Terra Classic developers and the remarkable increase in staked LUNC.<\/p>\n

The broader crypto market grappled with pressure from recent legal actions taken by the SEC against Binance.US<\/a> and Coinbase<\/a>.  Meanwhile, LUNC has managed to sustain its positive growth trajectory.<\/p>\n

Key factors contributing to impressive LUNC performance.<\/h2>\n

Successful TerraSwap Contracts’ Migration<\/h4>\n

The migration of TerraSwap contracts on TerraClassic was finished on June 20, boosting LUNC prices. Moreover, the contracts have been fully audited by chainlight.io, instilling confidence in the security and reliability of TerraSwap.<\/p>\n

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ATTENTION! 🔊#LUNACLASSIC<\/a> Community,<\/p>\n

TerraSwap (@terraswap_io<\/a>) Contracts migration on #LUNC<\/a> has been completed. Also The contracts have been fully audited by @chainlight_io<\/a> giving TerraSwap a extra level of security.<\/p>\n

The feature updates below resolve all issues identified in… https:\/\/t.co\/BYvkUxcayO<\/a><\/p>\n

— LunaClassicNetwork (@LunaClassicNet) June 20, 2023<\/a><\/p><\/blockquote>\n

Notably, the feature updates implemented in response to the audit report have effectively resolved all identified issues. Users can also set a transaction deadline, ensuring that trades are not executed after the specified timeframe.<\/p>\n

However, concerns regarding losses resulting from delays between simulation and actual execution have been alleviated. Moreover, when executing a transaction, a pair takes the constantly changing ratio, while the remainder is promptly refunded to the user.<\/p>\n

KoinBX Listing<\/h4>\n

On June 21, Terra Classic was listed on KoinBX Global Crypto Exchange for trading. The exchange listed two pairs LUNC\/INR and LUNC\/USDT.<\/p>\n

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Terra Classic (LUNC) is now live on KoinBX!!<\/p>\n

Buy, Sell, and Trade LUNC with INR and USDT on KoinBX.<\/p>\n

LUNC\/INR – https:\/\/t.co\/4LcPxCDMFi<\/a><\/p>\n

LUNC\/USDT – https:\/\/t.co\/7saGfjUeY8<\/a><\/p>\n

Download our Android App –https:\/\/t.co\/5H1hB0KiGW<\/a><\/p>\n

Download our iOS App – https:\/\/t.co\/cZOrRhDMs1<\/a>… pic.twitter.com\/vTCBcfq0Bu<\/a><\/p>\n

— KoinBX: Global Crypto Exchange (@KoinBX) June 21, 2023<\/a><\/p><\/blockquote>\n

This was another major reason behind the strong performance of the LUNC token. The listing has opened doors for new traders from around the world for Tera Luna Classic trading. It will ultimately improve its performance based on volume metrics.<\/p>\n

LUNC Developers Revised Q3 Proposal<\/h4>\n

On June 22, The Terra Luna Classic core developer Joint L1 Task Force<\/a> (L1TF) presented a revised proposal. They plan to advance the network’s development and maintenance in the third quarter. The primary objective of the L1TF developer group is to enhance and expedite the reduction of LUNA and USTC supply. This will be through the market module.<\/p>\n

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Terra Classic (LUNC) Developers Revise Q3 Proposalhttps:\/\/t.co\/Vd5NwXLWlc<\/a><\/p>\n

L1TF proposes a maximum quota for LUNC supply in July and August. Terra Classic will transfer from Columbus-5 to Columbus-6#crypto<\/a> #bitcoin<\/a> #coin<\/a> #blockchain<\/a> #ethereum<\/a> #btc<\/a> pic.twitter.com\/lJvWpv2oBk<\/a><\/p>\n

— NewsCryptoCoin (@newscryptocoin_) June 21, 2023<\/a><\/p><\/blockquote>\n

The revised Q3 proposal outlines the activities and budget for the Terra Luna Classic development team. It focuses on achieving parity with Terra 2.0 and other Cosmos blockchains<\/a>. Parts of the proposal include:<\/p>\n