LUNC Hitting $1 Is “Highly Improbable”, According to Analyst

A cryptocurrency analyst who goes by the name “ClayBro” on YouTube revealed in his latest video that ChatGPT set a date for when Terra Classic (LUNC) will hit the $1 mark. In the video, he shared that the AI chatbot believes the altcoin will reach $1 on 15 March 2024.

The analyst did add, however, that the instance of ChatGPT that gave this prediction had been a “jail-broken” version. This could mean that the AI chatbot was tampered with to give the price prediction. ClayBro mentioned that when the un-tampered version of ChatGPT was asked the same question, it refused to give a price forecast as it was against its policy.

Subsequently, the analyst does not agree with the prediction and stated that LUNC hitting $1 is “highly improbable” given its current circulating supply. Should the cryptocurrency recover to the $1 milestone, the project’s total market cap would be between $6 trillion – $7 trillion. This would make it more valuable than any other company currently in existence.

At its peak, LUNC’s market cap topped $1 billion, added the analyst. For the altcoin to reach $1 per coin, a “variety of factors will need to come into play,” according to ClayBro.

He also mentioned that there is currently a lot of sell pressure being exerted on LUNC’s price. This bearish pressure continued over the past 24 hours as well. At press time, data from the cryptocurrency market tracking website CoinMarketCap indicated that LUNC was down 8.95%.

Subsequently, the cryptocurrency was changing hands at $0.0001661. This left it trading much closer to its 24-hour low of $0.0001644 than its high for the same period, which was recorded at $0.0001849.

The latest drop in price pushed LUNC’s weekly performance deeper into the red zone to -16.21%. Despite this, the altcoin was still up more than 90% on the monthly time frame.