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As things in the cryptocurrency market are starting to look brighter following an expected correction after a period of exceptional bullishness, Terra Classic (LUNC) is keeping up with the wider sentiment, and finance experts have shared their views regarding LUNC price prediction for the end of 2024.
Indeed, Terra Classic has recently turned the page on the losses accrued across the previous week, increasing its price by nearly 2% in the last 24 hours as it struggles to revert the negative trend since the beginning of this year that saw it decline by 4% since January 1.
Terra Classic price prediction
In the context of these movements and taking other factors into consideration, multiple finance analysts have offered Terra Classic price prediction 2024 figures that do not see much change for the currently 113th-largest crypto asset by market capitalization.
Among them are Elliott Lee, a British crypto journalist and analyst over at Techopedia, Traders Union’s Anton Kharitonov, and the expert team at WalletInvestor, who see Terra Classic trading between $0.000112 and 0.00013342 by the end of 2024.
#1 Techopedia’s Elliott Lee: $0.000118
Specifically, according to the Terra Classic price prediction by Elliott Lee at Techopedia, this asset could hit a price between $0.000096 and $0.00014, or an average of $0.000118 (a decrease of 11.01%), as the expert shared in an article published earlier this year. As he explained:
“With Terra Classic’s reputation tarnished, it remains to be seen if adoption will pick up again. Still, as the crypto bull run is expected to occur in 2024 and the Terra Classic team is putting in much effort to reignite the blockchain’s success, we see a future for the project.”
#2 WalletInvestor: $0.000112
Meanwhile, experts over at WalletInvestor have set the average price of LUNC on December 31, 2024, at $0.000112 (-15.54%), with the minimum offered target standing at $0.0000312 and a more optimistic, maximum target at $0.000191 by the year’s turn, as per data retrieved on March 20.
#3 Traders Union’s Anton Kharitonov: $0.00013342
Finally, Anton Kharitonov, an analyst at Traders Union, believes that Terra Classic could reach $0.00013342 (+0.62%) by the end of 2024, while his colleagues also project a range between a minimum of $0.00012008 and a maximum of $0.00014676 by the end of 2024.
Terra Classic price analysis
For now, the Terra Classic price stands at $0.0001326, which suggests an increase of 1.83% in the last 24 hours, a decline of 28.86% across the previous seven days, and a 3.34% gain in the last month, according to the most recent charts on March 20.
As it happens, the recent figures arrive amid a bearish sentiment in the cryptoverse, as well as the anticipation of the March 25 hearing between Terraform Labs and the United States Securities and Exchange Commission (SEC) regarding Terra’s crash and the resulting investor losses in 2022.
Ultimately, LUNC may or may not stick to the path predicted by any of the above experts, as the situation in this sector can often change on a whim, so doing one’s own research and keeping up with Terra Classic news is critical before investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.