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Crypto Market Update: XRP, LDO and LUNC Lead the Pack in Weekly Gains

Published

3 years ago

on

In a week marked by sharp ups and downs for many altcoins, Ripple’s XRP, Lido DAO (LDO), and Terra Classic (LUNC) emerged as the standout performers. Despite market volatility, these digital assets made notable strides, illustrating the potential rewards for savvy investors in the rapidly-evolving world of cryptocurrencies.

XRP, the digital asset native to the Ripple blockchain, has surged 13% over the past week, reaching a high of $0.54. This rally marked the end of a prolonged period of sideways movement for XRP, as it successfully breached the critical $0.50 resistance level, converting it into a new support. 

Notably, XRP’s recent rally occurred against the backdrop of ongoing litigation between Ripple Labs, the company behind XRP, and the U.S. Securities and Exchange Commission (SEC). Market observers believe the resolution of this legal battle could significantly influence XRP’s future price trajectory.

Lido DAO (LDO), the native token of the leading Liquid Staking Derivatives (LSD) platform in the DeFi ecosystem, recorded a weekly gain of 13%, peaking at $2.36. Despite dropping to a weekly low of $2.04, LDO managed to regain momentum thanks to its strong reputation within the DeFi community. As a liquid staking solution, Lido DAO allows investors to earn rewards while maintaining liquidity, a feature that has undoubtedly contributed to its increasing popularity.

Lastly, Terra Classic (LUNC) emerged as the top performer for the week, up 26.24% to $0.000110. The majority of these gains were achieved in the last 24 hours of the week, with the token’s value appreciating by more than 30% in this period. LUNC has been implementing several initiatives to rejuvenate its token’s value following a drop triggered by the UST stablecoin’s depegging last year. These include the introduction of a 1.2% burn tax to help restore the token’s value to $1.

As we enter a new week, the crypto market seems poised for further bullish action, with XRP, LDO, and LUNC leading the charge. Investors will continue to monitor these tokens and other altcoins, keeping a keen eye on both promising opportunities and potential risks in the dynamic landscape of digital assets.

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The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.

Bitcoin

Terra Classic Community Passes Major Upgrade Proposal

Published

32 minutes ago

on

April 16, 2026

By

The Terra Classic community has successfully voted to approve Proposal v14_1, a significant network upgrade for the blockchain that powers the LUNC and USTC tokens.

The proposal received strong support from both validators and the community. It greenlights the deployment of terrad v4.0.0, the new software version that prepares Terra Classic for the Cosmos SDK 0.53 upgrade and includes a dedicated v14_1 upgrade handler for the mainnet.

What the Upgrade Includes

This new version brings Terra Classic in line with the latest Cosmos SDK framework. It delivers several important improvements, including:

  • Better overall performance
  • Enhanced security features
  • Improved compatibility with modern tools used across the Cosmos ecosystem

The technical upgrades include:

  • Cosmos SDK v0.53.6
  • CometBFT v0.38.21
  • wasmd v0.61.8
  • wasmvm v3.0.3

While these details may sound technical, the main takeaway is simple: this upgrade makes the entire Terra Classic network more stable, secure, and ready for future development.

Why This Is a Big Milestone

For LUNC and USTC holders, this is meaningful progress. After years of challenges following the 2022 Terra collapse, the successful passage of this proposal shows that the community and validators are still actively working together to maintain and improve the blockchain.

Upgrades like this are foundational — they don’t instantly change the price, but they keep the network healthy and create the groundwork for possible new features and better functionality in the future.

What Happens Next

The network will temporarily pause (a planned “chain halt”) on Friday, April 17, 2026, so validators can install the new software. Once the upgrade is complete and the network restarts successfully, Terra Classic will be running on more modern and efficient technology.

Bottom Line

The approval of Proposal v14_1 is a quiet but important achievement for Terra Classic. It demonstrates ongoing commitment from the community and marks another step forward in the long journey of rebuilding and strengthening the network.

Many holders see this as positive momentum and a sign that technical development on Terra Classic continues to move ahead in 2026.

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