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With Terra Classic ($LUNC) going through a rough few months in terms of its price, only witnessing a modest increase across the previous day, a recent announcement could turn the tide for the rebranded native coin of the disgraced Terra (LUNA) ecosystem.
As it happens, the Terra Classic core developer group Joint L1 Task Force (L1TF) has released its status update for the second quarter of 2023, as well as plans for the third quarter, as shared by the L1TF project manager LuncBurnArmy on July 10.
In conclusion, the price of $LUNC could indeed grow as the circulating supply declines with the newly announced update, although its capability to near the coveted price level at $1 will depend on additional factors, such as other relevant developments and the overall atmosphere on the crypto market.
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