The prevailing dump in the price of the Terra Classic native token, LUNC, and other altcoins, triggered by the U.S. SEC lawsuits against Binance and Coinbase has left some crypto investors skeptical about the future of LUNC.
Accordingly, many technical analysts and crypto strategists have expressed mild confidence that the PoS-based token would clinch the $0.01 price point as more developments are executed in the Terra Classic project ecosystem.
Read Also: Crypto Community Sets Terra Classic (LUNC) Price for June 30th as Parity Upgrade Launches
Notably, the core development team in the LUNC ecosystem completed a critical upgrade on June 14, 2023, shortly after proposal 11561 passed community governance voting. This successful upgrade has created parity between the Terra Classic blockchain and other Cosmos blockchains.
Based on this strategic June 14 development and the current price of LUNC and several other factors, Google Bard Artificial Intelligence (AI) chatbot gave its unbiased prediction regarding the price of LUNC for the end of 2023. The AI tool gave three LUNC price projections, citing three cryptocurrency market outcomes — bearish, neutral, and bullish.
According to the Google Bard AI system, the neutral price of LUNC for the end of 2023 based on the Terra Classic Parity Ugrade on June 14 would be $0.00009. This represents an increase of approximately 1.74% from the current price of LUNC.
At the time of writing, LUNC is trading for $0.00008845 per coin with a market cap of $515,830,614. Also, the AI tool projected that LUNC price could either go as high as $0.00014 if the overall crypto market enters into a bullish cycle or as low as $0.00005 if the crypto market enters a recession by the end of the year.
Read Also: LUNC Path to $1? Total Staked Tokens On Terra Classic Network Hits 1 Trillion
Google Bard also shared LUNC price predictions from other platforms such as WalletInvestor, DigitalCoinPrice, and PricePredictions. While WalletInvestor projected a price of $0.00015 for Terra Classic by the end of 2023, DigitalCoinPrice predicts LUNC to hit $0.00008.
On the other hand, PricePrediction’s machine learning algorithm suggested a higher value of $0.00012 for LUNC by the end of 2023. Notably, these are just estimates and should not be relied on as the actual price of LUNC by the year-end could be lower or higher as the case may be.
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