The recent upward movement in the #cryptocurrency market resulted in positive weekly performance for several assets, including Terra Classic (LUNC). This development prompts speculation over the potential future value of this cryptocurrency, specifically if it has the capacity to exceed one cent.
Terra Classic, formerly known as #LUNA , the native cryptocurrency of the blockchain platform Terra, holds potential for achieving the desired outcome, considering LUNA's impressive historical peak value of $120. It is important to note that this peak occurred prior to the market downturn that prompted the rebranding of the cryptocurrency.
The purpose of this inquiry is to ascertain the projected pricing of Terra Classic.
Based on the analysis of artificial intelligence (AI) algorithms employed by the crypto analytics platform CoinCodex, it can be inferred that #LUNC 's projected price objective of $0.01 is not optimistic and is expected to persist for a considerable duration, potentially spanning many decades. Furthermore, the algorithms continue to have a severely pessimistic outlook about the future trajectory of $LUNC .
The analysts have made a projection regarding the price of LUNC, estimating it to reach $0.00006112 by October 24, 2024. This forecast indicates a relatively modest increase of 1.03% compared to its current price. The analysts maintain the same target of $0.00006112 by the conclusion of 2025. However, they anticipate a significant decline of nearly 100% to $0.0000000006192 by the end of 2030. Furthermore, they anticipate further substantial drops in the subsequent decades.
Currently, the price of Terra Classic is $0.0000605, reflecting a decrease of 1.22% over the last 24 hours. However, it has had a positive growth of 7.93% over the previous seven days. On the monthly chart, there has been a little decline of 0.49%. These figures are based on the most recent data obtained on October 25th.
In general, there exists a theoretical possibility that LUNC might perhaps achieve a value of $0.01 in the future, however this outcome poses a significant obstacle. Despite a burn rate of 90% and an annual price rise of 50%, the projected timeframe for the value to reach 1 cent ranges from six to 10 years. Furthermore, the AI algorithms continue to have a pessimistic outlook.
