In recent developments, Terra Classic (LUNC) has experienced a slowdown in its price momentum, dipping below the crucial support level of $0.0002 after a series of substantial surges. Currently trading at $0.0001917, the digital asset has witnessed a 4.66% price decline in the last 24 hours. Despite this setback, LUNC still boasts an impressive 43.14% gain over the past week and an astounding 196.82% increase in the last month.
The cryptocurrency community is closely monitoring the situation, hoping for a continued uptrend. As the Bitcoin halving is scheduled for April 2024 and with an overall bullish sentiment in the crypto market, attention has turned to Google Bard for insights into how these factors may impact LUNC’s price by December 2024.
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Google Bard, the AI chatbot, acknowledged the challenge of predicting LUNC’s future price but highlighted the potential impact of the Bitcoin halving on the entire market. The reduced supply and increased demand resulting from the halving could potentially push the market upwards.
Bard outlined key factors that could influence LUNC’s price trajectory, including ongoing community initiatives by the Terra Classic community.
The community is actively engaged in projects and initiatives aimed at enhancing the network and increasing its utility. Notably, a recently passed proposal played a role in driving the surge witnessed last month.
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However, the report also acknowledged negative factors, such as the uncertain regulatory landscape in the U.S. and the inherent volatility of the crypto market. Interestingly, regulatory uncertainty was viewed with a nuanced perspective, as positive developments in regulations could potentially boost the entire crypto market.
Bard’s predictions for LUNC’s price by December 2024 provide a range of possibilities
- Conservative: Bard anticipates LUNC to maintain its current level, even in the face of a market downturn. The conservative prediction places LUNC at $0.00029220 for December 2024, representing a moderate increase compared to its current price.
- Moderate: Considering positive factors like a bullish market and community efforts, Bard suggests that LUNC could reach a range between $0.0005 and $0.001 by December 2024.
- Optimistic: Bard envisions that if significant developments, such as major exchange listings or partnerships, materialize, LUNC could reach a higher range of $0.001 to $0.002 by December 2024.
While Bard expresses high expectations for LUNC, emphasizing the potential to erase another zero from its price by the end of 2024, it cautions that these are estimations and the actual trajectory may vary. The report underscores the inherent volatility of the crypto market and the need for investors to approach predictions with caution.