Recently, Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, has experienced shifts in its value, which has seen its value settle at $0.000064 at the time of writing.
On top of this, Binance recently burned 760 million Terra Classic tokens, bringing the total to 39.5 billion. This burn amounted to 50% of October’s trading fees, valued at $47,465. Despite a reduction in monthly burns, Binance remains the primary contributor to the LUNC burn campaign, with total burns now worth $2.47 million. There’s a proposal to extend Binance’s support to TerraClassicUSD (USTC), the ecosystem’s stablecoin.
As the cryptocurrency market made a surprising upward move in October, turning many assets’ monthly charts green, the same happened to Terra Classic, and a question arises: what value will this crypto settle at by the end of the month?
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Finbold has tapped into the potential of machine learning algorithms (AI) of PricePredictions to anticipate the price of this asset by the end of November taking into consideration the latest token burn.
Data retrieved on November 6 by Finbold signals that the LUNC price will retain the existing value in the month’s time with a marginal increase from $0.000064 to settle at the $0.000070 mark by the end of this month.
Terra Classic chart analysis
As mentioned, LUNC is presently trading at $0.000064. It has experienced a positive 0.64% change in the 24 hours, recuperating from a negative week of -1.82% decrease. Over the 30 days, this asset has undergone a positive 9.40% change.
In the previous 30 days, this asset had 17 green days and is experiencing a low yearly inflation impact of -5.75%.
However, it is crucial to notice that this crypto has shrunk from its all-time high by a whopping -100% and is currently trading below its 200-day moving average.
Finally, it is essential to note that LUNC has been outperformed by 99% of the top 100 digital assets over a year.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
