Terra Classic (LUNC) price is predicted by AI for the end of 2023
With the initial estimate of its price dropping to zero, Terra Classic (LUNC), the original chain of the defunct Tera (LUNA) ecosystem, is still trying to maintain its valuation. Nonetheless, LUNC aspires to recapture its former zeniths through several neighborhood programs.
This sentence describes how Finbold evaluated CoinCodex, an artificial intelligence (AI) prediction tool, to determine LUNC’s price forecast for the year’s conclusion. Data gathered on February 24 indicates that LUNC is predicted to trade at $0.0000780 on December 31, 2023.
LUNC 2023 prediction | Source: CoinCodex
The program considers several technical analysis (TA) indicators and predicts that LUNC will have a prolonged bullish future. For instance, by February 27, 2024, just over a year from now, the platform predicts Terra Classic will likely increase by roughly 493.81% and trade at $0.000992.
At the time of publication, LUNC had daily gains of about 2% and was trading at $0.0001676. The short-term buying pressure that the token experienced caused its market capitalization to increase to $1.02 billion.
Technical analysis suggests that the one-day gauges on TradingView are dominated by bearish sentiment elsewhere. A summary indicates a “sell” at 11, and moving averages indicate a “strong sell” at 10. At 9, oscillators remain at zero.
It is important to note that as LUNC has followed the path of meme cryptocurrencies, the community has become more interested in projects like burning extra tokens to make Terra Classic more useful.
Moreover, LUNC supporters anticipate that the latest Terra Classic Upgrade v1.0.5 will probably spark a rally. Notably, the network improvement enables Binance to resume burning Terra Classic.
Should @TerracVita apply to @binance for funding as a developer group?
— TerraCVita (@TerracVita) February 24, 2023
However, it has now come to light that the creators of Terra Classic may be searching for funding through a grant from Binance. The TerraCVita developers asked the public for feedback on the concept.
Read more:
- SEC Charges Terraform Labs And Do Kwon For Alleged Fraudulent Scheme, Leading To $100 Million Crypto Cash-Out And Token Dump
- Terra Classic Development Organization Tests Important Infrastructure For LUNC Blockchain