ChatGPT, the Opensea Artificial intelligence model chatbot, was recently quizzed about what to expect from Terra Classic (LUNC) in 2024. In response, the AI chatbot gave an all-encompassing response, which included price targets and factors that would be crucial in achieving or preventing the target from playing out.
Terra Classic’s LUNC has not been anything close to being impressive since 2023. The digital asset kept recording losses, which made crypto investors, especially LUNC holders, rethink investing in this digital asset.
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On the other hand, the developers of the digital asset have continuously sought to improve the overall LUNC outlook, especially in the aspect of devising means to cut the coin’s market supply through several initiatives. Most importantly, the developers seemed to focus on USTC repeg as they feel it could help revive LUNC. It is left to see how events unfold.
ChatGPT Insight Into LUNC’s 2024 Price
According to the chatbot, LUNC’s price outlook for 2024 came with guarded hope, especially for long-term LUNC holders.
Acknowledging Terra Classic’s community-driven nature and tax burn policy aimed at reducing the token’s massive supply, the AI model noted that despite the prevailing competition from the new Terra 2.0 blockchain, some underlying factors could still drive LUNC price.
The condition given to break out of its price declines is based on the crypto market entering a bullish phase, which LUNC must capitalize on by breathing life into its community through new partnerships.
Should the above scenarios play out, the chatbot predicted a price target between $0.0001 and $0.0002 for LUNC by the end of 2024.
At the time of writing, LUNC is priced at $0.00005525, which invariably implies that should ChatGPT price projections play out, the digital asset will spike by either 80.995% or 262%, depending on which one plays out in the long run.
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Read Also: Top Terra Classic Enthusiast States Fastest Way To Grow LUNC Price by 100x or More
Terra Classic (LUNC) in the Market
According to LUNC’s data on CoinGecko, the digital asset is down by 1.9% in the past 24 hours. Its selling price for the past week appears fairly constant, with no significant movement, recording a maximum and a minimum price of $0.00005850 and $0.00005466, respectively.
LUNC is currently languishing at position 100 in coin rankings based on market capitalization. The digital asset boasts a market cap of $319,668,500 and a trading volume of $10,274,226.
Finally, readers are encouraged to do adequate research before engaging in any crypto project investment, as the outcome might not always be as described in most price predictions and other analyses.
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