finbold.com
As the cryptocurrency market made a surprising upward move earlier this week, turning many assets’ weekly charts green, the same happened to Terra Classic ($LUNC), and a question arises as to whether this cryptocurrency is capable of one day surpassing the price of one cent.
Indeed, Terra Classic, which is the rebranded version of $LUNA, the native crypto asset of the disgraced blockchain platform Terra, might have what it takes to accomplish this, given that $LUNA’s all-time high (ATH) was at a whopping $120, although this occurred before the crash that led to its rebranding.
Terra Classic price prediction
Judging by the artificial intelligence (AI) algorithms over at the crypto analytics platform CoinCodex, $LUNC is far from an optimistic price target of $0.01 and will be for a long time – at least in the next few decades, and the algorithms are still strongly bearish regarding its future.
Specifically, they predict the price of $LUNC to reach $0.0.00006112 by October 24, 2024, which would represent a modest increase of 1.03% to its current price, with the same target – $0.00006112 by the end of 2025, $0.0000000006192 by the end of 2030 (a decline of nearly 100%), with further, stronger drops in the decades to come.
Terra Classic price analysis
In the meantime, Terra Classic is changing hands at the price of $0.0000605, down 1.22% in the last 24 hours, while being up by 7.93% across the previous seven days but dropping 0.49% on its monthly chart, as per the latest data retrieved on October 25.
On the whole, it is theoretically possible that $LUNC could someday hit the coveted $0.01, although it represents a serious challenge. Even with a burn rate of 90% and a price growth of 50% each year, it would still take six to 10 years for it to reach 1 cent. Additionally, the AI algorithms remain bearish.
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