Terra Classic (LUNC) has been on a recovery mission since the May 2022 implosion of the Terra blockchain that gave birth to Terra 2.0.
Despite the widespread rally orchestrated by Bitcoin’s (BTC) recent exploits, Terra Classic (LUNC) is still lagging in the highly competitive crypto market.
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At the time of writing, LUNC is trading at $0.000140, with a relatively 5% price downtrend in the last 24 hours, according to CoinCodex.
Other statistical data revealed that the crypto asset has only increased by 5% in the previous year and has been outperformed by 78% of the top 100 cryptocurrencies within the same timeline.
Furthermore, the crypto assets price prediction platform noted that LUNC’s current price status indicates it is trading below its 200-day Simple Moving Average (SMA), which spews a bearish outlook for the embattled token.
Amid the unimpressive market trends described above, it is safe to say that hope still abounds for LUNC to see a massive turnaround in fortune. With the Bitcoin halving event estimated to play out 32 days from now, there is still hope for Terra Classic (LUNC) resurgence.
ChatGPT projected LUNC’s price to trade between $0.0001 and $0.0003 in a conservative market outlook. Describing what it depicts as a conservative scenario, the AI model noted that it depends on the assumption that the crypto market will experience slight expansion before December 2024.
The price targets above imply that LUNC may not experience any significant growth by December 2024, judging from its current market value.
In a moderate scenario, the chatbot projected LUNC price to range between $0.0005 and $0.001. ChatGPT corroborated its price prediction, stating, “This estimate is based on the assumption that LUNC will continue to grow in popularity and adoption and that the cryptocurrency market will experience moderate growth. If LUNC continues to gain traction and the market remains stable, it could reach this price range by December 2024.”
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Finally, in an optimistic scenario, ChatGPT predicts that Terra Classic (LUNC) could hit levels ranging from $0.001 to $0.005.
The chatbot noted, “This estimate is based on the assumption that LUNC will experience significant adoption and growth and that the cryptocurrency market will experience rapid growth. If LUNC becomes widely adopted and the market experiences a bull run, it could reach this price range by December 2024.”
How events unfold remains to be seen by December 2024. For now, Terra Classic (LUNC) enthusiasts can only hope for the best possible outcome.
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