While things are starting to look brighter in the cryptocurrency market after the expected correction after an extraordinary period of rise, Terra Classic (LUNC) is keeping pace with broader sentiment, and financial experts have shared their views on the LUNC price forecast for late 2024.
Indeed, Terra Classic has increased its price by nearly 2% in the last 24 hours, reversing the losses accrued over the previous week as it attempts to reverse the negative trend from the beginning of this year, falling 4% since January 1.
Terra Classic Price Estimate
In the context of these movements and taking other factors into account, multiple financial analysts have offered Terra Classic price prediction 2024 figures that do not see much change for the currently 113th largest crypto asset by market cap.
Among them, British crypto journalist and Techopedia analyst Elliott Lee, Traders Union’s Anton Kharitonov, and the expert team at WalletInvestor think Terra Classic will trade between $0.000112 and $0.00013342 by the end of 2024.
Elliott Lee’s Prediction from Techopedia
Notably, the Terra Classic price prediction offered by Elliott Lee at Techopedia is based on an analysis put forth earlier this year. According to the expert, this asset could drop to a price between $0.000096 and $0.00014 or decline to an average level of $0.000118, which would mean a decline of 11.01%. In Lee’s words:
“With Terra Classic’s reputation damaged, we’ll see if adoption picks up again. However, the crypto bull run is expected to occur in 2024. Additionally, the Terra Classic team is making great efforts to revive the success of the blockchain. Therefore, we have hopes for the future of the project.” he stated.
Prediction from WalletInvestor
Meanwhile, experts at WalletInvestor set the average price of LUNC on December 31, 2024 at $0.000112 (-15.54%), based on data received on March 20, while the minimum target presented is $0.0000312 and is more optimistic A maximum target was set at $0.000191 by the end of the year.
Forecast of Anton Kharitonov from Traders Union
Finally, Anton Kharitonov, an analyst at Traders Union, believes that Terra Classic could reach $0.00013342 (0.62% increase) by the end of 2024. At the same time, their colleagues also predict a price range between a minimum of $0.00012008 and a maximum of $0.00014676 by the end of 2024.
Terra Classic Price Analysis
Currently the price of Terra Classic is $0.0001326. There has been an increase of 1.83% in the last 24 hours. A decrease of 28.86% was recorded in the previous seven days. A gain of 3.34% was achieved in the last month. This data is based on the latest charts as of March 20.
final figures, crypto- It comes amid a downward trend in the world as well as anticipation of a March 25 hearing between Terraform Labs and the United States Securities and Exchange Commission (SEC) regarding Terra’s collapse and resulting investor losses in 2022.
Ultimately, LUNC may or may not stick to the path prescribed by any of the experts above. Because the situation in this industry can often change on a whim. Therefore, it is very important to do one’s own research and follow Terra Classic news before investing.
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