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- 1 The Terra Classic price fell 5.36% in the past 24 hours and was at $0.000153 at press time.
- 2 The LUNC price pumped nearly 200% and reverted back over 100% in the recent two weeks.
Terra Classic (LUNC) is a cryptocurrency project that aims to create a stable and scalable global payment system using fiat pegged stablecoins. It uses an algorithm to adjust the supply of stablecoins according to their demand. It also rewards LUNC holders for participating in the process.
It has partnered with several payment platforms, especially in Asia, to facilitate e-commerce transactions using its blockchain network. Terra Claasic’s block chain is secured by a proof of stake mechanism on Tendermint, and has passed a security audit by CertiK.
Terra Classic Trend Analysis
Terra Classic crypto price was facing continuous selloff in the recent sessions. The recent price declined by 39% over the past two weeks. The price is heading towards the 50-day EMA which might halt the further price decline.
Moreover, the weekly chart shows a bull trap formation as the price surged over 200% in the last week of November and 1st week of December. Thereafter, the price lost over half of the gains and is still declining.
Terra Classic Price Prediction 2023
The price prediction for 2023 showcases a neutral to bearish outlook in the short term. The most optimistic forecast of the analysts hopes for a max upside potential of 29.28%. LUNC token’s price could reach a high of $0.000201 on the positive side.
Moreover, the average forecast of the analysts expects the price to reach a high of $0.00182 by the end of the year. Whereas, the most pessimistic view of analysts expects the price to drop to $0.000115.
Terra Classic Price Prediction 2024
As per our analysts, the most optimistic target that the LUNC token may achieve is $0.000304; suggesting an upside potential of 96.65% from the CMP. The average analyst price target to be attained is $0.000262 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.000258.
Terra Classic Price Prediction 2025
According to the most optimistic analysts’ projections, the LUNC price could reach up to $0.000522 in the next three years as its highest value. The price may surpass $0.000408 according to the average forecast of the analysts. The minimum forecasted price by the end of 2025 is $0.000343.
Terra Classic Price Prediction 2026
The price analysis for the year 2026 shows that the LUNC cryptocurrency may achieve $0.000682 as the highest price. The bearish view of the analysts expects the price to reach a low of $0.000481 by 2026.
Terra Classic Price Prediction 2027
The most bullish analysts foresee a potential value of $0.000891 by the year 2027. A minimum price target that the LUNC crypto may achieve by 2027 is $0.000684.
Terra Classic Price Prediction 2028
The price forecast of the LUNC crypto shows that it may reach a high of $0.00105 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for the Terra Classic price is $0.000850.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
