Terra Classic (LUNC) has had a rough few weeks, leaving investors on edge. After an impressive surge in late November and early December, LUNC’s progress stalled, and its price began to fall.
At the time of filing this report, Terra Classic (LUNC) was trading at $0.0001165, showing a 16.62% decline in 24 hours, a 21.53% decline in one week, and a 51.04% decline in one month.
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To see how Terra Classic (LUNC) will fare this month, we decided to consult Bard, Google’s AI-powered chatbot, to know its potential price by January 31. Bard has interesting opinions on LUNC’s future, presenting two possible scenarios.
Google Bard’s Predictions
The AI tool began by acknowledging that predicting LUNC’s price was a challenging task because of certain factors.
It highlighted LUNC’s recent decline, and, more importantly, the rumors of the spot Bitcoin ETF applications getting rejected, which contributed massively to LUNC’s decline over the last 24 hours. Bard wrote, “Rumors of rejected Bitcoin ETFs could further dampen market sentiment and negatively impact LUNC.”
However, Terra Classic (LUNC) has some upward potential, as Bard highlighted the Bitcoin halving event in April, which could significantly increase LUNC’s price. Bard also noted the surge from late last year, which shows that all is not lost for the Terra Classic token.
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LUNC’s Potential Prices
Scenario 1: Bard believes that if the bearish trend continues and the Bitcoin ETF rejections dampen sentiment, LUNC’s price could remain low or decline further. It says the crypto asset could potentially range between $0.00008 and $0.00012 by January 31. Dropping below $0.0001 will be a serious blow to the LUNC community, after all the effort to erase that zero.
Scenario 2: Bard believes that if the market recovers and the excitement around the upcoming Bitcoin halving event triggers a surge, LUNC could experience a price increase. It could potentially reach $0.00015 or even $0.0002 by January 31.
Bard wrote, “Ultimately, LUNC’s price on January 31 will depend on the interplay of various factors.”
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However, there are some wildcards, as Bard also listed the crypto market’s volatility and geopolitical and economic factors as contributors to LUNC’s future price. The AI tool also advised investors to conduct thorough research before investing.
Despite the uncertainties, Bard recently picked LUNC over LUNA as the better investment option for 2024, showing that it still has some faith in LUNC. There’s still enough time for the digital asset to recover.
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