Skip to content

Machine learning algorithm sets Terra Classic price for April 30, 2024

Machine learning algorithm sets Terra Classic price for April 30, 2024

Terra Classic (LUNC) has faced significant turbulence in recent months, currently stuck in a downtrend despite a modest 12% year-on-year price increase. 

Worryingly, LUNC underperforms 81% of the top 100 cryptocurrencies and trades below the digital asset’s 200-day moving average.

Regulatory hurdles and legal battles surrounding Do Kwon cloud LUNC’s short-term outlook. 

However, Binance‘s massive token burn, eliminating 4.17 billion LUNC tokens, highlights efforts to reduce supply and potentially boost prices. 

Terra Classic’s future hinges on overcoming regulatory challenges and achieving wider adoption within the Terra ecosystem. While the near-term is uncertain, LUNC’s long-term potential remains intriguing, especially if the DeFi space thrives.

Forecasting LUNC’s potential trajectory

Based on AI-powered machine learning algorithms, Terra Classic is expected to experience a moderate increase by the end of April. 

The prediction model forecasts LUNC to reach $0.000154, up from its current price of $0.000135. This suggests a cautiously optimistic outlook Terra classic price in the coming weeks.

Terra Classic 1-month price prediction. Source: CoinCodex

Terra Classic price analysis

At the press time, the price of LUNC sits at $0.000135. Over the past day, it has experienced a decline of -2.01%, continuing a downward trend. This daily decrease adds to a larger decline of -3.61% over the past week, indicating sustained negative momentum. 

Looking at the broader picture, Terra Classic has endured a significant decrease of -30.43% over the previous month, reflecting substantial volatility and bearish sentiment in the market.

LUNC 30-days price chart. Source: CoinCodex

The immediate future for LUNC is shrouded in some uncertainty. While AI predictions offer a cautiously optimistic short-term outlook with a potential price rise by the end of April, recent events like Do Kwon’s release from jail have caused price dips. 

Despite this volatility, some experts remain bullish on LUNC’s long-term prospects, citing the ongoing development within the Terra Classic ecosystem. Only time will tell if LUNC can overcome its current hurdles and navigate this period of flux.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.