Terra Classic: Can it Surpass $0.01?
With the recent surge in the cryptocurrency market, Terra Classic (LUNC) has also experienced a positive upward movement. This raises the question of whether this cryptocurrency has the potential to surpass the price of one cent.
Terra Classic, formerly known as LUNA, was the native crypto asset of the now-disgraced blockchain platform Terra. It reached an all-time high (ATH) of $120 before the crash that led to its rebranding.
Terra Classic Price Prediction
According to the AI algorithms on CoinCodex, LUNC is unlikely to reach an optimistic price target of $0.01 in the foreseeable future. The algorithms predict that by October 24, 2024, LUNC’s price will be around $0.00006112, representing a modest increase of 1.03% from its current price. The prediction remains at $0.00006112 by the end of 2025 and further declines to $0.0000000006192 by 2030.
While it is theoretically possible for LUNC to eventually reach $0.01, it poses a significant challenge. Even with a burn rate of 90% and an annual price growth of 50%, it would take six to 10 years to achieve this milestone. The AI algorithms continue to be bearish about its future prospects.
Hot Take: The Uphill Battle for Terra Classic
LUNC faces an uphill battle in its quest to surpass $0.01. Despite its previous ATH and potential burn rate and growth, the AI algorithms suggest a slow and steady decline in its price over the coming decades. While anything is possible in the volatile world of cryptocurrencies, achieving such a feat would require significant market shifts and a sustained upward trajectory. As of now, Terra Classic’s journey to $0.01 remains uncertain.
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