Holding LUNC in your portfolio might not be a mistake, here’s why

ambcrypto.com:

Terra Classic [LUNC] has managed to get out of its enclosure in the last few days as opposed to it being trapped up for months.

Well, in the last seven days, LUNC registered over 3% gains and, at the time of writing, it was trading at $0.0002834.

While LUNC’s recent performance gave hope to investors for better days, several interesting developments happened in the community. 

However, despite the positive developments, several on-chain metrics were not in favor of a price surge and suggested otherwise. Let’s have a look at what is actually happening in the LUNC network. 

Recently, Terra Rebels, a Twitter handle for Terra-related announcements, tweeted that they have come up with a new roadmap for Terra Classic. 

— Terra Rebels (@TerraRebels) September 29, 2022

According to the roadmap, several new upgrades have been planned for Q4 of 2022 that could change LUNC’s fate for good.

For instance, developers plan to suspend market swap in the months to come and push a few new updates for the ecosystem. These include Vanila Cosmos, Tendermint, and CosmWasm.

Moreover, in 2023, developers plan to repeg the Algorithmic Fungible Token and establish new capital controls on it. 

Another recent achievement of LUNC was receiving support from Binance. 

The exchange mentioned that it would apply 1.2% consolidation fees for all deposits received on the platform before crediting to users’ accounts. 

On top of supporting