The upcoming v3.3.0 upgrade to the Terra Classic chain, scheduled for December 17, is raising high expectations, especially for $LUNC and $USTC holders.
Such large upgrades can often lead to improved network efficiency, increased transaction capacity, and potentially increased market cap. However, since similar upgrades in the past have not led to the expected price increases, some investors may remain cautious.
As I mentioned, it is common for altcoins to see a correction before entering a bull market. For example, the correction before the start of the December 2020 bull market could be a similar case to what we are seeing now with Terra Classic. This could indicate that Terra Classic could enter a bullish phase soon.
My prediction is that LUNC could see a 5x to 10x or more increase in value in a short period like this month, as such growth often follows a surge in demand, community support, and network improvements.
However, it could also reach $0.01 in a short period if there is a burn of 1 to 2 trillion LUNC, which would seem like a more extreme scenario if it happens.
However, predictions like this should be taken with caution, as the cryptocurrency market is very volatile and uncertain.
With the v3.3.0 upgrade, there could be a recovery in the coming days, especially next week and weekend. It is still important to monitor market conditions to determine if a big move will happen.