Ever since ChatGPT emerged, generative artificial intelligence (AI) systems have been gaining popularity at a steady pace. One of the latest additions to this field is Google’s Bard, which is already being utilized to generate price movement forecasts for various cryptocurrencies.
In light of this development, Finbold sought the expertise of Bard on June 19 to explore the intricacies of Terra Classic’s (LUNC) future price dynamics, specifically by the end of 2023. This interest stems from the significant milestone achieved on June 14, 2023, when the Terra Classic Core developers executed the eagerly awaited Parity Upgrade. The accomplishment was made possible by the community’s endorsement of Proposal 11561.
The AI tool noted that the upgrade includes several changes, such as a new burning mechanism that will help reduce the LUNC supply. This new governance system will give LUNC holders more control over the future of the project and a new focus on decentralized finance (DeFi) applications.
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All in all, the tool offered a neutral price target of $0.000090.
Terra Classic price predictions for end of 2023
Google Bard noted other factors that could improve the ecosystem’s price besides the Parity upgrade’s success. The overall performance of the cryptocurrency market, the development of new projects on the Terra blockchain, the introduction of new features that make LUNC more attractive to investors, and the adoption of LUNC by major DeFi platforms.
Furthermore, Bard also shared insights regarding significant price predictions for the end of 2023 from reputable institutions and platforms.
WalletInvestor projected a price of $0.00015 for Terra Classic, whereas Wallet Investor anticipated a slightly lower value of $0.55. In contrast, DigitalCoinPrice offered a target of $0.00008, while PricePrediction’s suggested a higher value of $0.00012.
LUNC price analysis
Currently, Terra Classic is trading at $0.000089, reflecting a 0.49% decrease over the past 24 hours. However, it has experienced a climb of 2.58% over the course of the week.
LUNC has a support level at $0.00008, indicating a price level at which buying pressure has historically been strong and may potentially prevent further downward movement.
On the other hand, it has a resistance level of $0.0001, representing a price level where selling pressure has historically been significant and could impede upward price movement.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
