The Terra Classic [LUNC] community is currently at a critical juncture, with two transformative proposals on the table that could significantly impact the network's future. The first proposal seeks to decrease the Maximum Block Size, a move aimed at mitigating peer-to-peer spam by reducing the block size from 5 MB to 2 MB. As of now, an overwhelming 99.87% of the community supports this initiative, with a mere 0.13% in opposition. This strong consensus suggests that the proposal is likely to be implemented by the 23rd of April.

The second proposal under consideration involves a tenfold increase in gas fees. The Terra Luna Classic network is currently vulnerable to spam attacks due to its low gas fees. By raising the fee from its present rate of 3.74 LUNC, the network aspires to bolster its defenses against such threats. Presently, 70.36% of validators have endorsed the increase, while 29.64% oppose it. This proposal, too, seems poised for approval unless unforeseen circumstances arise.

In response to these developments, the price of LUNC has seen an uptick, currently trading at $0.00010—a 8.97% increase over the last 24 hours. This surge suggests that the community is optimistic about the proposals' potential to positively affect the project. However, it's worth noting that on-chain development activity has experienced a downturn, with public GitHub repository contributions dropping from a score of 7.12 to 2.21. This decrease could be a temporary lull as the community focuses on the voting process.

Despite the promising price movement, LUNC's social volume has diminished, indicating reduced market attention compared to other cryptocurrencies. This trend could potentially benefit traders keeping an eye on LUNC, as historically, price increases have often followed periods of decreased social volume.

As the voting deadline approaches, the Terra Classic community stands on the cusp of enacting measures that could significantly enhance the network's functionality and security. The overwhelming support for these proposals reflects a collective commitment to the project's long-term viability, marking a potentially transformative moment in the project's history.