The machine learning algorithm employs several technical analysis indicators such as moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), and Bollinger Bands (BB), among others to make its crypto price predictions.
With many positive developments rolling into the Terra Classic ecosystem of late such as the Binance LUNC burn resumption, there is much expectation that the embattled crypto project could stage a historic comeback to record high interest from the broader crypto community.
Undeniably, interest in the proof-of-stake (PoS) Terra Classic blockchain and its native token LUNC has been on a low following the dramatic collapse of the ecosystem in May 2022.
As such, independent development groups in the LUNC community including Joint L1 Task Force, TerraCVita, and Terra Rebels have been introducing several network upgrades (including V.1.0.5 and V.1.1.0) as well as strategic projects to revitalize the value of LUNC.
Terra Classic (LUNC) Prediction
Despite the strong fundamentals around LUNC, the market sentiment regarding the 55th-largest crypto asset has been fluctuating with bearish tendencies leading the way. However, its market capitalization has seen a significant increase in the past weeks, standing at approximately $900 million at the time of writing.
Notably, LUNC, which reached an all-time high of $119 in April 2022 is trading for as low as $0.00015 per coin at the time of writing, showing a decline of roughly 12% and 10% in the last 24 hours and 30 days respectively.
But according to the machine learning algorithm on a popular crypto-tracking platform PricePrediction, LUNC is likely to transition to a bullish trend in the coming weeks.
Particularly, the algorithm predicts LUNC price to rise by about 16% from its current price ($0.00015) by ending of March 2023. That is, LUNC is expected to reach a potential price of $0.000174 on March 31, according to data extracted on March 3.
Recall that the same machine learning algorithm recently predicted the LUNC price for March 1, after dropping its forecast for January 31.
Whether LUNC would touch this projected price or not is a matter of time. But with Binance resuming its LUNC burn contributions since halting in December and several projects such as Terraport, as well as a new play-to-earn (P2E) game coming to the Terra Classic ecosystem, strong fundamentals lie ahead of LUNC.
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