One method used to estimate the probable Terra Classic (LUNC) price in the future is PricePredictions. According to information gathered on March 2, Terra Classic is anticipated to trade at $0.000174 by March 31.
LUNC 30-day price forecast | Source: PricePredictions
The prognosis, which represents gains of more than 2% from the token’s price at publication, suggests that LUNC may maintain bullish momentum in the coming days. At first, the calculator predicted that LUNC would sell at $0.000156 on March 1.
Reviewing the technical analysis on TradingView reveals that positive sentiments currently control LUNC. The one-day technicals are summarized to show a ‘buy’ emotion measuring at 10. The sentiment meter for moving averages and oscillators is 8 and 2, respectively.
LUNC technical analysis | Source: TradingView
The LUNC community has received positive news due to the bullish projection and technical analysis following a bearish end to the asset’s previous month. The network has implemented strategies such as burning excess LUNC coins and upgrading its critical features, particularly the Binance LUNC burn mechanism, to boost security and stability across the Terra ecosystem.
Nonetheless, there is a growing concern regarding the increasing number of validators, as some offer zero-commission staking services, which may limit the network’s development. Moreover, the case against Terra’s founder by the SEC could significantly impact the future of all Terra ecosystem tokens.
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