MEXCExpert Predicts 400% Jump For Terra Classic (LUNC) Price; Here’s Timeframe
Crypto News: The Terra Luna Classic (LUNC) community could be up for a price rally, going by the price breakout pattern the token is following lately. Last week, CoinGape reported that Terra Luna Classic core developer Joint L1 Task Force (L1TF) recommended that a community owned wallet be created. It was around the same time that the Terra Classic LUNC price was at its weekly high level. Since then, the cryptocurrency has been on a steady decline. However, analysts expect that there is some room for recovery.
Also Read: XRP Holder’s Lawyer Reveals One Unique Thing About His Clients
Overall, the LUNC community may be in for some aggressive price action as the developers work on bringing significant changes to the network. According to crypto experts, the Terra Luna Classic (LUNC) price in the current cycle has the ability to achieve nearly 400% jump, going by the ongoing momentum.
Terra Classic (LUNC) Up For 4X Rally?
According to Javon Marks on Twitter, the LUNC token’s price breakout is holding currently and that could mean some positive price action. This is based on the price action analyzed over the long term of the last 12 months. Hence, this price rally could likely take several months to realize for LUNC, whereas the cryptocurrency market as a whole is likely to witness a blanket rally ahead of the Bitcoin halving event scheduled for some time during the second quarter of 2024.
“Price breakout is holding, meaning an over 387% run can still be on the way and with the massive increases in momentum currently being displayed, prices can push quickly and perhaps faster than many may be able to comprehend.”
It remains to be seen how long the LUNC price will take to exceed the $0.0001 barrier. The Terra Classic market cap currently stands at $590,761,083, and ranked 83 among top cryptocurrencies. A 4X jump would significantly improve the ranking, if Terra Classic alone sees relative market cap growth.
Also Read: Chainlink Whales Trigger Price Rally; $LINK Price At $9 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Related Articles
- Saylor’s Strategy Buys 397 BTC as Trump Blames Democrats for Prolonged U.S. Shutdown
- Bitget Erects 10-Meter Interactive LED Tower, Launches Exclusive Crypto Prize Pool At UNTOLD Dubai
- Balancer Hack: $129M in Crypto Assets Stolen, Berachain Validators Halt Chain for Hard Fork
- Breaking: Invesco Galaxy Amends Solana ETF to Disclose Fees, Other Key Details
- Bitcoin Slumps Below $108K, Will Crypto Market Crash on Hindenburg Omen Jitters?
- Will Hyperliquid Price Hit $50 After OKX Listing?
- Top 3 Developments That Could Impact Bitcoin Price This Week
- Chainlink Price Eyes $30 Rebound as FTSE Russell Collaboration and Supply Squeeze Fuel Optimism
- Ethereum Price As Stablecoin Volume Hits ATH of $2.82T Despite Struggling Crypto Market- Is a Recovery In Sight?
- XRP Price Forecast: Spot ETF Approval Could Propel Token to $3.
- Solana Price Outlook as Solana Whale Goes All-In With $26M Long Position Amid Market Crash– Is a Comeback Ahead?
