Terra Classic Project Announces Key Progress to Increase Utilities, LUNC and USTC Prices Could Start to Rise to $1
As the Terra Luna Classic community drives the development of upgrades, burns, and staking, utility and cash flow are the main requirements that a number of dedicated development teams are working on. Validator VegasMorph claims that recent developments, including the launch of Tritium Bridge, may restore the blockchain’s usefulness.
Terra Luna Classic turns focus to practicality
Terra Tritium has announced the launch of Tritium Bridge, a groundbreaking development designed to facilitate seamless connectivity between different blockchains. Tritium Bridge improves usability and facilitates collaboration among the blockchain community. With a bridge, users can easily transfer tokens between different blockchain networks, enabling cross-platform transactions and interactions.
The project is dedicated to the Terra Classic community and is the first bridge connecting Terra Classic and Binance Smart Chain (BSC) to facilitate token transfers. Terra Classic validator and popular member VegasMorph noted the developments, saying: “That’s it. There is now a portal that can bridge LUNC with BNB, and not only that, it can now wrap any CW20 token on the chain with it versions bridged.”
The bridge enables 75 billion Wrapped LUNCs to be bridged to the mainnet.
Additionally, TerraCVita announced that developers looking to create projects or list tokens through the Terraport Finance developer portal will receive assistance from a new team. The team also includes LBUN Project and former L1TF developer Fraguwerdig.
LUNC and USTC waiting for big breakthrough?
As BTC prices cross $60,000 and the crypto market recovers overall, LUNC and USTC may encounter some resistance. Traders must watch for signs of Bitcoin consolidation to prevent altcoins from surging higher.
LUNC price is up 3% in the past 24 hours and 13% over the week, and is currently trading at $0.000133. The 24-hour low and high prices were $0.000127 and $0.000136 respectively. Additionally, trading volume has increased over the past 24 hours as traders added to new positions.
USTC price increased by 3% in 24 hours and 26% in a week. The current price is $0.0367, and the 24-hour lowest and highest prices are $0.0351 and $0.0387 respectively.
