Is Terra Classic (LUNC) Achievable for 1 Cent?
While the cryptocurrency market made a surprising upward move at the beginning of this week, turning the weekly charts of many assets green, the same goes for Terra Classic (LUNC), raising a question as to whether this cryptocurrency will ever surpass the price of one asset. percentage.
Overall, Terra Classic, which is a rebranded version of LUNA, the native crypto asset of the falling blockchain platform Terra, has seen LUNA emerge at a whopping all-time high (ATH) of $120, what it takes to achieve this He can have it all. This occurs before hiatuses occur that lead to brand rebranding.
Terra Classic Price Estimate
Judging by artificial intelligence (AI) projects on crypto analysis platform CoinCodex, LUNC is far from its optimistic price target of 0.01 and will remain so for a long time – within a few years in the future at most, and currents are still showing a strong decline
Specifically, they predict that the LUNC price will reach $0.00006112 by October 24, 2024; This represents a modest 1.03% increase over the current price with the same target: $0.00006112 by the end of 2025, $0.0000000006192 by the end of 2025. 2030 (nearly a 100% decline) and even stronger declines will occur in the coming years.
Terra Classic Price Analysis
Meanwhile, Terra Classic is changing hands at $0.0000605, down 1.22% in the last 24 weeks, according to the latest data, and is down 0.49% on the monthly chart, with an increase of 7.93% in the last seven days.
Overall, it is theoretically possible that LUNC will one day represent the coveted 0.01, but this poses a serious challenge. Even with a 90% burn rate and a 50% price increase each year, it still survives six to 10 years on the market for 1 cent. Additionally, AI continues its declines.