The crypto market is rapidly hurling toward the Bitcoin halving. With speculation of a potential surge in BTC’s price to a staggering $200,000 after halving, many wonder about its ripple effect on altcoins such as Terra Classic (LUNC).
We asked Google Bard to see how high LUNC can go if Bitcoin reaches $200,000 and it offered a unique perspective on LUNC’s possible trajectory based on multiple scenarios.
Google Bard Expectations for Terra Classic (LUNC)
Google Bard acknowledges the difficulty in precisely predicting LUNC’s future price. Factors like historical correlation with Bitcoin, LUNC’s supply dynamics, and the unpredictable nature of the crypto market all affect the price.
Recall that Bard recently predicted LUNC’s price for January 31, and now it is offering valuable insights into potential scenarios after the Bitcoin halving event.
Correlation: While past instances have shown a degree of correlation between Bitcoin’s movements and those of altcoins like Terra Classic (LUNC), Bard emphasizes the lack of a rigid pattern.
LUNC’s price action can, and often deviates from Bitcoin due to internal factors like community initiatives, developer progress, and the shifting tide of market sentiment. A blind reliance on a pure correlation model would paint an incomplete picture.
Beyond the Halving: Unlike Bitcoin’s predictable halving-driven supply reduction, Terra Classic (LUNC) has different supply dynamics. Its burning mechanisms and community effort with proposals introduce variables that could significantly alter its price trajectory, independent of Bitcoin’s influence. While a Bitcoin bull run might push it up, LUNC’s ecosystem will ultimately determine its course.
The Market’s Wild Card: No crypto discussion is complete without acknowledging the market’s volatility. Regulatory changes, unforeseen hacks, or major economic upheavals can disrupt even the most meticulously crafted predictions. Bitcoin and LUNC are susceptible to these external forces, further complicating the price prediction.
LUNC’s Potential Price
Despite the uncertainties, Bard paints some potential pictures of LUNC’s future under a $200,000 Bitcoin price. A directly proportional increase aligned with a perfect correlation scenario suggests Terra Classic (LUNC) could climb to around $0.0004. Bard predicts a 3.23x increase but admits this scenario is improbable due to LUNC’s distinct supply dynamics.
A more grounded projection, accounting for LUNC’s internal factors and market realities, places its potential landing zone between $0.00015 and $0.0003. This range, while less flamboyant than the full-blown correlation, still represents a significant jump for Terra Classic (LUNC). Bard also recently predicted the price of Cardano (ADA) under the same circumstances.
⚠️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.
