The Terra and Terra Classic ecosystems have seen their fair share of ups and downs, with both LUNA and LUNC experiencing significant volatility in recent months. However, with both tokens on the rise, a recent analysis by Google Bard, a popular AI Chatbot, suggests that LUNC might be the more promising investment for 2024, based on key data points.
LUNC and LUNA Best Investment Option for 2024?
Google Bard selected LUNC as the preferred option based on the recent price performance of both cryptocurrencies. The AI chatbot highlighted average percentage change and monthly increase as the main factors affecting its predictions.
Read Also: Here’s Why Terra Classic (LUNC) To $1 May Not Happen
Average Percentage Change: LUNC, currently trading at $0.0002035, is up 7.56% in 24 hours, 4.10% in 7 days, and 122.08% in one month. While LUNA is trading at $1.12, up 12.5% in 24 hours, 20.13% in 7 days, and 44.99% in one month.
Despite recent predictions of a massive surge for LUNA and LUNA outpacing LUNC in the 24-hour and 7-day price increase, Bard wrote, “LUNC has a higher average percentage change across all three timeframes (24 hours, 7 days, and 1 month) compared to LUNA. This indicates that LUNC has experienced a more significant overall price increase.” This overall increase makes LUNC the better investment option.
Monthly Increase: Bard also highlights LUNC’s 122.08% increase in the past month, which is significantly higher than LUNA’s 44.99% increase during the same period. This performance suggests that LUNC has been displaying stronger momentum and growth potential, making it a more attractive investment option for those seeking short to medium-term gains.
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Read Also: ChatGPT Sets Terra Classic (LUNC) Price For December 31, 2023
Going Beyond the Numbers
Bard points out that while past performance can be informative, it’s important to acknowledge that it does not guarantee future results. It lists other factors that can significantly impact the performance of both Terra Classic (LUNC) and Terra (LUNA).
Overall Market Sentiment: The cryptocurrency market’s sentiment plays a crucial role in individual coin prices. A general market downturn could cause LUNC and LUNA to experience price drops.
Ecosystem Developments: Any significant news or developments within the Terra Classic or Terra 2.0 ecosystems can directly impact their respective tokens. A large part of LUNC’s recent surge can be attributed to developments within the Terra Classic ecosystem.
According to Bard, LUNC currently shows a more promising future. However, the chatbot acknowledges the volatility of the crypto market and advises investors to conduct thorough research before investing in the cryptocurrency.
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