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The Terra Classic (LUNC) community may be ready for a major rally following a recent price breakthrough of the altcoin. Leading cryptocurrency analyst Javon Marks believes that the altcoin could see a significant recovery of up to 400%.
1 for 4 on Terra Classic
Cryptocurrency analyst Javon Marks stated that the LUNC token continues its momentum after a significant breakthrough and this could result in some positive price movements. Marks’ prediction is based on an analysis of the price movement over the past 12 months. Therefore, it may take a few months for the predicted price rally to occur for LUNC.
Marks shared his expectations, stating, “The momentum continues to be maintained after the breakthrough, which means that a rally of over 387% could occur. With the current momentum shown, the price could quickly rise to the target, possibly faster than anticipated.”
Joint, the core developer of Terra Classic, recently recommended the creation of a wallet owned by the L1 Task Force community. This announcement came when the price of LUNC was at its weekly high, but the altcoin’s price has been steadily declining since then.
Current Status of LUNC
It is not yet known how long it will take for the LUNC price to surpass the $0.0001 barrier, and investors should be cautious that it may take longer than anticipated and plan accordingly.
According to CoinMarketCap data, Terra Classic is currently trading at $0.00008111 with a 1% decrease in the last 24 hours. LUNC ranks 83rd on the largest cryptocurrency list with a market cap of $590.76 million. This market cap places it at the 82nd position on the largest altcoins list.
