In recent months, the Terra Classic (LUNC) cryptocurrency has faced significant upheavals, causing it to enter a downtrend.
LUNC currently trails 81% of the top 100 cryptocurrencies and is trading below the digital asset's 200-day moving average. Regulatory complexities and legal battles surrounding Do Kwon cloud LUNC's short-term prospects.
Currently, Terra Classic's future depends on overcoming the fallout from the lawsuit against Terraform Labs and Do Kwon, as well as a number of positive factors.
In particular, Binance's massive token burn, which destroyed 4.17 billion LUNC tokens, could still contribute to potential price increases.
Determination of potential LUNC trajectory
By the end of April, Terra Classic is expected to show a modest increase to $0.000154, compared to the current price of $0.000135, according to AI-based machine learning algorithms.
$Terra Classic price analysis
Currently, the price of LUNC is $0.000135. Over the past 24 hours, the token has fallen by 2.01%, continuing its downward trend. This intraday decline is complemented by an even larger decline of 3.61% over the past week, indicating sustained negative momentum.
In addition, Terra Classic experienced a significant decline of 30.43% compared to the previous month, reflecting the bearish sentiment in the market.
30-day schedule of LUNC
The immediate future of LUNC is characterized by uncertainty, but the community is not losing optimism about the long-term prospects of LUNC, citing the development of the Terra Classic ecosystem.
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