Terra Classic price has seen LUNC surge +5%, as Terra community members deliberate on two crucial proposals set to shape the future of the Terra Classic ecosystem.
At the heart of this debate lies the governance of validators’ commissions and the infrastructure support offered by Allnodes.
Community members of Terra Luna Classic (LUNC) are in the midst of a serious vote on a proposed v2.2.2 soft fork, which could redefine the minimum commission validators receive.
This step comes in light of an unintentional setting of a 0% commission rate following a main-net upgrade, the decision to rectify this was championed by Till Ziegler, previously with the Terra Classic Joint L1 Task Force (L1TF).
Ziegler’s insights were seconded by blockchain engineer Vinh, who stressed the urgency for the upgrade, slated to be integrated by October 9, 2023 (vote ends October 3).
Terra Classic Community Seemingly Reject Support for Major Infrastructure Provider
However, this isn’t the only decisive action the LUNC community is mulling over – the silent hero of Terra Luna Classic, Allnodes, is currently under the spotlight for its unyielding support and consistent service, all rendered without a penny in remuneration.
Their suite of comprehensive infrastructure services, from Light Client Daemons to facilitating smoother blockchain data queries for applications, stands testament to their unwavering commitment.
A proposal is currently in motion, emphasizing the importance of consistency when remunerating endpoint providers like Allnodes.
With the proposed optional monthly payment of 150M LUNC, the Terra Luna Classic community finds itself at a crossroads.
This isn’t just a nod to infrastructure support but an acknowledgement of dedication, symbolizing the ethos of fairness, balance, and gratitude the community prides itself on.
The ball is now in the LUNC community’s court – with votes casting shadows of decision and direction, the next few days promise to be transformative for the Terra Luna Classic ecosystem.
Currently the two votes stand at:
Proposal #11817 V2.2.2 Soft Fork: Yes – 22.43%, No – 76.49%
Proposal #11820 Terra Classic Infrastructure: Yes – 38.89%, No – 60.7%
LUNC Price Analysis: What Will Terra Class Price Do Next?
Amid the uptick in price action, Terra Classic (LUNC) continues to battle resistance from the topside of the trading channel, with LUNC currently trading at a market price of $0.000064 (representing a 24-hour change of -1.96%).
Now in minor localized retracement from converged price level and upper trendline resistance at $0.0000675 – LUNC has seen technical structure strengthen over the last week.
This has been driven primarily by a critical reclamation of the 20DMA on September 21, which flipped to support – providing 5-days of consolidatory under-footing ahead of yesterday’s uptick move.
A shift to support from the 20DMA is critical for LUNC, the moving average level had suppressed upside movement for more than two-months since July 24.
Price is now targeting a break-out of the current descendant trading channel in a move that would leave LUNC poised for a run at the 200DMA.
But while LUNC bulls are aiming high, the RSI has overheated significantly on the recent upside move to a strong bearish signal at 57.73 – suggesting price could need consolidation or further retracement first.
On the other-hand, the MACD has flipped to minor bullish divergence at 0.000000105.
Overall, LUNC is in strong technical position here – with strong support from the 20DMA poising price for a break-out of a tumultuous trading channel.
This leaves LUNC with an upside target at $0.000075 (a potential +16.77%).
To the downside, risk could see LUNC tumble down to $0.0000565 (a possible -11.85%).
Terra Classic therefore has a risk: reward ratio of 1.42 – a reasonable entry depending on a break-out move.
But while LUNC bag-holders squabble over the future of the ecosystem, smart money are already rotating profits into an emerging presale capturing the attention of astute investors.
Reaping the Rewards of a Mining Revolution: Introducing Bitcoin Minetrix’s Presale
Bitcoin mining, long seen as a domain dominated by colossal corporations with their deep pockets and access to state-of-the-art equipment, is undergoing a transformation.
Bitcoin Minetrix aims to ensure this lucrative venture is not just confined to the elites but is accessible to everyone.
How? By rewriting the rules of mining through its innovative Stake-to-Mine model.
In a move aimed at side-lining energy-guzzling equipment, Bitcoin Minetrix provides an avenue where BTCMTX token holders can stake their tokens to receive mining credits.
These credits unlock the door to efficient Bitcoin cloud mining, making the process sustainable, secure, and, importantly, within everyone’s reach.
Here’s Why BTCMTX is Set to Explode Upon Launch
Initiating their ICO with a starting price tag of just $0.011 for the BTCMTX token, Bitcoin Minetrix isn’t asking for a fortune but an opportunity.
An opportunity for investors to be a part of a transformation that could very well redefine the Bitcoin mining landscape.
And if the initial figures are anything to go by—with the project raising $115,000 within a day of the ICO announcement—investors are eager to hop on board this mining juggernaut.
What’s even more compelling is that this is not just an investment in a token but in a future-proof concept; a concept that merges the best of both worlds: staking and mining.
The results? Large APYs and rewards in the form of BTC, all without the traditional barriers of hefty investments and technical know-how.
How Does BTCMTX Ensure Security and Transparency?
The crypto world, unfortunately, has had its fair share of scams, especially in the cloud mining sector and this is where Bitcoin Minetrix departs from the norm.
Not only does it provide a transparent mechanism of mining but it also empowers its investors. How? By ensuring they have constant control over their staked tokens and the flexibility to un-stake whenever they deem fit.
No hidden clauses, no fine print, just straightforward staking and mining.
Furthermore, for those concerned about the safety of their investment, the BTCMTX smart contract underwent meticulous auditing by Coinsult, a respected blockchain security entity.
The verdict? Clean as a whistle.
Bitcoin Minetrix stands tall, not merely because of its unique proposition but its commitment to making Bitcoin mining a universal venture.
With just a minimum investment of $10, it’s demolishing the barriers to entry, proving that you don’t need millions to be part of the mining elite.
For those seeking to ride the next wave of crypto innovation, the Bitcoin Minetrix presale is an avenue worth exploring.
In a world where Bitcoin’s derivatives are gaining traction, this is a project that not only promises returns but also champions the democratization of Bitcoin mining – a true game-changer in every sense of the word.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
