Terra Classic (LUNC) investors find themselves on a rollercoaster ride as the cryptocurrency experiences a turbulent period after a promising surge in late November and early December. The current market situation has left investors anxious, with LUNC trading at $0.0001165 at the time of reporting, reflecting a 16.62% decline in 24 hours, a 21.53% decline in one week, and a significant 51.04% decline in one month.
To gain insights into LUNC’s potential trajectory by the end of January, we consulted Google’s AI-powered chatbot, Bard, renowned for its predictive capabilities. Bard acknowledges the challenging nature of predicting LUNC’s price, attributing it to recent declines and the impact of rumours surrounding rejected Bitcoin ETF applications on LUNC’s performance over the last 24 hours.
Bard presents two distinct scenarios for Terra Classic (LUNC), taking into account various factors influencing the cryptocurrency’s fate:
Google Bard’s Predictions
- Scenario 1 – Bearish Trend Continues: If the bearish trend persists and negative sentiment from the rumoured Bitcoin ETF rejections lingers, LUNC’s price may remain low or even decline further. Bard suggests a potential price range between $0.00008 and $0.00012 by January 31. Falling below $0.0001 would be a significant setback for the LUNC community.
- Scenario 2 – Market Recovery and Bitcoin Halving Excitement: In a more optimistic scenario, Bard anticipates a market recovery, driven by excitement surrounding the upcoming Bitcoin halving event. This could trigger a surge in LUNC’s price, potentially reaching $0.00015 or even $0.0002 by January 31.
Bard emphasizes that LUNC’s future price will depend on the interplay of various factors, including market sentiment, the Bitcoin ETF situation, and the upcoming Bitcoin halving event in April. The AI tool acknowledges wildcards such as crypto market volatility and geopolitical and economic factors, all of which contribute to the uncertainty surrounding LUNC’s trajectory. Investors are advised to conduct thorough research before making investment decisions.
Despite the uncertainties, Bard recently favoured LUNC over LUNA as the better investment option for 2024, indicating a level of confidence in Terra Classic’s potential for recovery. With ample time for the digital asset to regain momentum, the LUNC community remains hopeful for a turnaround in the coming weeks.