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Nearly two years ago, during its most successful period, a significant event occurred with LUNA. Led by Do Kwon and the Terra Foundation, the events caused LUNA and its stablecoin to tumble, dragging the cryptocurrency market into an unstoppable decline. Predictions for the price of Terra Luna Classic (LUNC), now under community control, are still being made. What does AI predict for LUNC’s price?
How Much Will LUNC Be Worth?
Terra Classic (LUNC) is currently trading at $0.0001030, experiencing a notable 5% drop in the last 24 hours. Following a decline in Bitcoin, LUNC also sharply fell, but AI applications continue to highlight the potential for a rising trend.
To understand whether LUNC can sustain this price increase, Google’s Gemini made a prediction. Gemini’s analysis indicates a price increase for LUNC by May 31, 2024. According to Gemini, LUNC will experience a 45.54% price increase, reaching $0.000155.
Factors Influencing LUNC’s Price
It is important to remember that the increasing AI predictions, including Gemini’s, are generated through complex algorithms analyzing various market data points. However, the exact metrics used by Gemini’s AI model for this prediction are not known.
Additionally, there are some general market conditions that could influence the prediction. The overall market sentiment in cryptocurrencies is noteworthy. A positive structure emerging in the cryptocurrency market could also trigger a price rise for LUNC.
Developments within the Terra Classic ecosystem could also have a significant impact, as upcoming events or announcements related to the Terra Classic blockchain or applications could boost investor confidence and affect the price.
One of the most notable factors on the LUNC side is token burns. Experts believe that Binance‘s token burn in May will be below normal.
The Future of LUNC
It is known that the LUNC community has been working hard to restore the cryptocurrency to its former levels following the events of 2022, and a recently rejected proposal was considered a step in the right direction.
Experts emphasizing the voice of the community believe that only the community can move LUNC in the right direction for future progress. The price increase scenario presented by Gemini seems parallel to the community’s efforts, which could be interpreted as a clue for the price rise.
