Google Bard Predicts Terra Classic (LUNC) Price After Bitcoin Halving

The Bitcoin halving, an event that plays out every four years and halves the rewards for mining Bitcoin, is coming in April 2024. This event is currently the most anticipated in the crypto community, as it historically precedes massive price surges for Bitcoin and other cryptocurrencies.

Terra Classic (LUNC) has been showcasing outstanding performance since late November. At press time, LUNC is trading at $0.0002397, up 8.5% in 24 hours, 104.73% in one week, and an astonishing 256% in the last month.

To gain insight into the likely impact of the Bitcoin halving on LUNC’s continued surge, we consulted Google Bard, Google’s AI Large Language Model (LLM), known for its ability to generate insightful responses to queries.

Impact of Bitcoin Halving On Terra Classic (LUNC)

Google Bard highlighted the effect of the Bitcoin halving on the crypto market, writing, “Historically, Bitcoin halvings have led to significant price increases for Bitcoin and other cryptocurrencies. This is because the reduction in supply creates upward pressure on price.”

Bard expects the upcoming Bitcoin halving to have an impact because of the increasing institutional adoption of Bitcoin. It also points out that Bitcoin’s price increase often pulls the entire crypto market up with it, including Terra Classic (LUNC). It describes this phenomenon as a “rising tides lift all boats” effect.

However, before predicting LUNC’s future price, Bard states that the impact of the Bitcoin halving on LUNC is not guaranteed. It listed factors that can influence the extent to which the digital asset benefits, like the development of the Terra Classic ecosystem, the overall sentiment of the crypto market, and unexpected events.

Terra Classic (LUNC) Future Price

Bard presents three scenarios for LUNC’s price after the Bitcoin halving.

Pessimistic scenario: In the worst-case scenario, Bard predicts that if the Bitcoin halving has a limited impact or LUNC encounters significant challenges, its price could remain below $0.0005.

Moderate scenario: For Bard, a more realistic prediction would place LUNC’s price between $0.001 and $0.0015.

Optimistic scenario: According to Bard, if the Bitcoin halving leads to a significant bull market and LUNC experiences strong development and adoption, its price could reach $0.002 or even $0.003.

Whatever route LUNC goes, Bard expects it to gain a little from the Bitcoin halving, even with the pessimistic scenario. ChatGPT also recently predicted that LUNC would surpass $0.0003 by December 31, so the digital currency could be on track for massive gains after Bitcoin halving.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.