The developers of Terra Luna Classic (LUNC) have completed the Oracle Split upgrade, which is set to increase staking rewards in the ecosystem. The upgrade will divert rewards from the community pool to the Oracle pool starting on July 26. Despite some concerns about potential price crashes due to reduced block rewards for validators, proponents believe this change will ultimately benefit the ecosystem by boosting staking.
Recent reports indicate a significant increase in staked LUNC, reaching 1 trillion tokens amid continued growth. The token is currently trading at $0.00007117 with a slight dip in trading volume. Technical analysis suggests that LUNC is trading within a descending channel and is below its 50-day and 200-day SMAs. If strong support is found, the token could rally 67% to reach $0.00017; otherwise, the next support level is at $0.00005646.
Overall, the Oracle Split upgrade is a significant development for Terra Luna Classic, with the potential to drive further growth in staking and improve the overall health of the ecosystem.
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https://www.crypto-news-flash.com/terra-luna-classic-lunc-announces-oracle-split-logic-update-futures-surge-20/?amp=1