• Terraform Labs will merge the submitted Pull Request (PR) to establish the LUNC/USTC swap pair.

• With the ongoing merge, the Terra Classic (LUNC) community can expect the highly anticipated LUNC/USTC swaps to become available on TerraSwap soon.

Terraform Labs has officially announced, as stated in the latest update from the official Twitter account of LUNCBurnArmy, that they will merge the previously submitted Pull Request (PR) to establish the LUNC/USTC swap pair.

https://twitter.com/luncburnarmy/status/1676953908382695424?s=20

In an update shared on their Official Twitter account,  LUNCBurnArmy said that the upcoming week will witness the release of the Station update, which aims to implement the upgrade. They further stated that they would conduct thorough end-to-end testing of the new feature to ensure the functionality of every component.

With the ongoing merge, the Terra Classic (LUNC) community can expect the highly anticipated LUNC/USTC swaps to become available on TerraSwap soon. Moreover, there has been a persistent demand for this trading pair for several weeks since it was initially proposed last month when the Pull Request was submitted.

In the update, they stated that Terraform Labs had acknowledged the acceptance of the Pull Request (PR). According to the provided information, the team will now attempt to merge the PR, aiming to resolve the functionality of swapping LUNC/USTC on Station. As previously reported by Crypto News Flash,  the completion of the merge was anticipated to occur yesterday but did not materialize. 

The Terra community eagerly awaits the merge and has expressed their enthusiasm in response to the tweet shared by LUNCBurnArmy.

Can Terra Classic (LUNC) Make a Recovery?

Following the fork of the original Terra protocol, a group of developers remained dedicated to revitalizing it, leading to its rebranding as Terra Classic (LUNC). As mentioned earlier, they have made numerous endeavors to revive the protocol since the time of the Terra LUNA collapse until now. One such effort includes the proposal to introduce a trading pair for LUNC/USTC, which aims to restore value to the protocol.

Luna Classic exhibited signs of recovery from May to September. However, following the introduction of the Burn tax, the recovery not only came to a halt, but the cryptocurrency experienced a downward trend for three months. 

The potential recovery of Luna Classic’s price hinges on several factors. They include: 

• Macroeconomic environment: The overall economic conditions will significantly determine Luna Classic’s price recovery.
• Development of Luna Classic Eco-system: The progress and growth of the Luna Classic ecosystem will heavily influence the cryptocurrency’s ability to regain its price strength.
• Differentiation versus competition: Luna Classic’s unique features and ability to differentiate itself from its competitors will be crucial in determining its price recovery potential.

Furthermore, the interplay of these factors will shape the trajectory of Luna Classic’s price recovery. As of press time, Lunc is trading at $0.00008097 and a 24-hour decrease of 3.91 percent. Notably, over the past year, there has been a significant price decrease of -46.09 percent.