LUNC News: The Terra Classic community has approved a proposal to transfer CoinMarketCap dashboard account access to top validator Allnodes directly

The move comes as the community recently asked Terraform Labs to grant access to the validator, but the beleaguered company failed to transfer the access.

Terra Classic community members have approved a proposal to grant top validator Allnodes direct access to the CoinMarketCap dashboard for Terra Classic (LUNC) and Terra Classic USD (USTC).

The move comes after the community previously requested Terraform Labs to grant the validator access, but the company failed to transfer it.

The latest development is expected to benefit LUNC and USTC price, which have been rallying recently.

The proposal, Text Proposal 12145 “Request for CoinMarketCap Dashboard Access to be Transfer to Allnodes,” was approved by a vote of 316,333,220 to 10,306,774.

The proposal now heads to the chain for final approval, which is expected to take place within the next seven days.

Once the proposal is approved on-chain, Allnodes will be granted access to the CoinMarketCap dashboard for LUNC and USTC.

The validator will then be responsible for managing and updating the dashboard information, including social media links, website details and other essential data.

The move is expected to streamline the process of updating and maintaining the CoinMarketCap dashboard for Terra Classic assets, which has been a point of contention in the past.

By granting Allnodes direct access, the community hopes to avoid any further delays or complications in updating the dashboard.

LUNC and USTC Price Analysis

Both LUNC and USTC price have been surging over the past week, largely driven by the positive developments surrounding the Terra Classic ecosystem.

The surge in price comes as both tokens have been battered heavily since the collapse of the Terra ecosystem in May.

LUNC price is currently trading at $0.00017, a more than 20% surge over the past 24 hours.

The token has now recovered more than 80% from its recent lows and is now approaching key resistance at $0.00018.

A breakout above this level could see LUNC price rally towards $0.0002.

USTC price, meanwhile, is also surging, albeit at a slower pace than LUNC.

The token is currently trading at $0.033, a more than 5% surge over the past 24 hours.

The token has now recovered more than 60% from its recent lows and is now approaching key resistance at $0.035.

A breakout above this level could see USTC price rally towards $0.04.

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