Although many assets in the cryptocurrency market have recorded a successful year so far, this has not been the case for Terra Classic (LUNC), the price of which has been recording poor results on all of its charts and has declined by over 20% since the year’s turn.
Indeed, Terra Classic has been lagging behind the rest of the crypto sector in price, although it has recently started to recover after Binance, one of the largest crypto exchanges in the world, added support for LUNC, according to the official announcement on June 8.
Terra Classic (LUNC) price prediction
In this context, Finbold has consulted several artificial intelligence (AI) platforms, including the recent generative AI models, for insights on the price movements of Terra Classic by the end of this year, all of which agree on one thing – modest price increases are possible.
Specifically, the advanced machine learning algorithms over at the finance and crypto price predicting platform CoinPriceForecast have set the price of Terra Classic at $0.00011696 by the end of 2024, which would represent an increase of 9.77% from its current price, provided it comes true.
Furthermore, the most recent and advanced iteration of the OpenAI invention ChatGPT, called ChatGPT-4o, suggests a price growth to a minimum price of $0.000096 and a maximum of $0.000244, or an average of $0.000118 to $0.000149 by December 2024, adding that:
“These figures take into account the ongoing technical developments, community engagement, and market trends prevalent in the ecosystem.”
Meanwhile, Claude 3 Opus, a recent AI model by Anthropic, has offered the possible Terra Classic year-end price in a range between $0.00004 and $0.00021, citing “optimism within the Terra Classic community as members try to revive the LUNC blockchain project, and the LUNC burn mechanism which is a key driver behind the price rise.”
Finally, Google Gemini, the AI chatbot platform developed by Alphabet (NASDAQ: GOOGL), predicts that LUNC could reach a low-end price of $0.00009, “considering analyst predictions and potential short-term dips,” or a high-end price of $0.00025, taking into account potential long-term growth.
Terra Classic price analysis
For now, LUNC is trading at the price of $0.00010655, which indicates a decline of 0.99% on the day, a 10.19% drop across the week, and an increase of 2.61% in the past month, while dropping 23.17% this year, according to the data on June 10.
It is also important to note that crypto analyst Javon Marks is confident that LUNC might be in its early stages of a bullish breakout, projecting it to hit $0.00021439 “at an unprecedented pace,” as he pointed out in an X post in late May.
$LUNC (Terra Classic)’s price SURGES again, setting new post-breakout highs in a run that may only be in extremely early stages!
This specific breakout can call for another +63% move to $0.00021439 and it could come at an unprecedented pace!
That might only be the start of… pic.twitter.com/WFhniGMs6J
— JAVON⚡️MARKS (@JavonTM1) May 30, 2024
That said, the crypto sector can sometimes be a volatile and unpredictable space so doing one’s own research, carefully weighing all the risks and individual risk tolerance, as well as keeping up with any relevant developments and news is critical when investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
