In the wake of the 2022 Terra network collapse, Terra Classic (LUNC) witnessed a dramatic 99% plunge. A crypto considered a crypto gem became a high-risk cryptocurrency, similar to the many meme coins in the market. Despite its murky reputation, many in the community still have faith in LUNC and are rallying for a resurgence.
Can Terra Classic (LUNC) Regain its Former Position?
The question on the minds of many in the community is whether Terra Classic (LUNC) can return to its former glory.
LUNC still has many supporters, and an AI tool might have the answer to the question on all their minds. AI tools are more popular than ever and are revolutionizing the world. CoinCodex, with its machine learning algorithm, has brought this technology into the realm of cryptocurrencies.
CoinCodex is a well-known cryptocurrency tracking platform that covers over 28,000 cryptocurrencies in more than 420 crypto Exchanges. Its AI prediction tool leverages the historical performance of each token to provide forecasts of the token’s future.
The Machine Learning Algorithm’s Prediction
CoinCodex’s machine learning algorithm gives predictions for the next seven years for LUNC. The nearest forecast, a neutral 5-day outlook, suggests the token will likely maintain its current value of $0.00008398 in the coming month.
Peering into the future, the algorithm expects stability from 2024 to 2026, with prices ranging between $0.00008397 and $0.00008398. These predictions show a bleak future for LUNC, as 3 years is a long time to wait without any progress.
However, a pivotal shift is expected in 2027, potentially propelling LUNC to $0.00009591. The subsequent year, 2028, foresees a turbulent year full of highs and lows, ranging from $0.00003442 to $0.000358. The rollercoaster continues in 2029, with the algorithm predicting lows of $0.0000000003808 and highs of $0.000793.
The algorithm sees 2030 as a particularly challenging year for LUNC investors, predicting a low of $0.0000000006051. It doesn’t expect LUNC to reach the peaks from the previous years, with a modest predicted high of $0.000000003494.
At the time of press, LUNC is trading at $0.00007958, down 1.48% in 24 hours but up 11.88% in the last 7 days. According to data from CoinMarketCap, LUNC has a market cap of $461.4 million and is ranked #97. The cryptocurrency’s trading volume is $41.8 million over the last 24 hours, up 8%.
Meanwhile, Terra Classic (LUNC) recently soared by 45%, but these predictions don’t give much hope for its future.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.