Terra Classic (LUNC) has continued to print unimpressive market indices despite all efforts by the developers to revive the coin’s ecosystem.
While the general crypto market outlook seemed to be taking a toll on the LUNC’s market performance, the sentiments on the token by crypto enthusiasts and other analysts have not been impressive either.
It is worth noting that even the associated stablecoin of the Terra Classic ecosystem, USTC, is suffering the same fate as its LUNC counterpart. This sums up the woes in the Terra Classic ecosystem as potential investors are forced to rethink their investment options while holders of these tokens seem to be in a dilemma about whether to sell or exercise some patience.
Read Also: Terra Classic Influencer Explains Why $120 LUNC Price is Unlikely, States Requirements For $1 Price
Meanwhile, amid the prevailing situation and other events, LUNC is changing hands at the $0.00005900 price mark. According to the digital asset’s data on CoinGecko, LUNC has recorded losses of about 5% over the past seven days.
The above statistics invariably imply that LUNC had begun October on a losing note, inciting more fear and doubt in the digital asset. Nevertheless, enquiry was made into determining LUNC’s value by the end of October, using a machine learning model. Subsequent parts of this report will reveal the insight by the adopted technology model.
Machine Learning Model LUNC Price Perspective
PricePredictions, a renowned crypto tracking and price forecast platform that has sustained the culture of using machine learning algorithm models to predict the end-of-the-month prices for cryptocurrencies recently assessed the potential LUNC’s end-of-October price.
Data retrieved from the price prediction platform on October 4 revealed LUNC’s price to be $0.000055, implying a decrease of about 6.8%.
Meanwhile, the predicting tool also disclosed that LUNC could witness a resurgence in price if proactive measures that could positively influence the coin’s ecosystem are adopted and well-implemented.
Worthy of mention is the fact that the machine learning algorithm model integrates several market aggregates and variables like moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and others to come up with its price predictions.
Read Also: Zaradar Comments On 36% Surge In LUNC Price, Tags Terra Classic An Online Monopoly
LUNC Market Statistics In The Market Today
At the time of reporting, LUNC boasts a market capitalization of $341,890,442 with a 24-hour trading volume of $12,364,5132. The digital asset remains plunged in 100th place on CoinGecko’s cryptocurrencies standings.
Meanwhile, despite the Terra Classic community approval of a proposal focussed on USTC repeg and also the push to make Binance incinerate 50% of USTC trading fees, which are all significant moves aimed at reducing LUNC’s massive supply, it still has a total of 5,805,558,967,010 tokens in circulation.
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