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HomeCrypto NewsMarketAnalyst Foresees Terra Classic (LUNC) Surging 387% as Price Breakout Holds

Analyst Foresees Terra Classic (LUNC) Surging 387% as Price Breakout Holds


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Top analyst predicts over 300% surge for Terra Classic (LUNC) as breakout price continues to hold; skeptics raise questions about feasibility.

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Amid Terra Classic (LUNC) ’s abysmal performance over the past week, well-known crypto chart analyst Javon Marks believes the asset is about to experience an over 300% surge in price.

In a recent tweet, Marks made daring predictions about the LUNC price movement. He pointed out that the price breakout for LUNC is showing resilience. According to him, the breakout indicates that the token might be on the verge of an astonishing increase of over 387%.

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Marks argued that the current momentum displayed in the market is of massive proportions. He suggested that prices could surge at a pace that may be difficult for many to comprehend.

LUNC Least Price Increase at 369%

The crypto analyst shared a market, substantiating his stance on the situation. Marks quoted a previous tweet where he pointed out that LUNC was utilizing a significant support level, showing signs of momentum back on the rise.

The prospects of this price surge are so impressive that Marks believes the least price increase could be around 369%. However, he also hinted that similar setups had indicated even higher potential gains.

Meanwhile, not everyone appears to share the same optimism about the situation. In response to Marks’ tweet, someone questioned the legitimacy of the predictions. He suggested that calling for a 388% increase ‘out of thin air’ seems improbable, especially considering the supply chain of nearly 6 trillion LUNC tokens.

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While LUNC circulating supply is relatively large, it is worth mentioning that the Terra Classic community has taken proactive measures to destroy most of the tokens. As The Crypto Basic reported, top LUNC validators have pledged to continuously burn their commission.

According to data from CoinMarketCap, Terra Classic’s price is $0.00008171, with a 24-hour trading volume of $18,598,880. Over the last seven days, the token has experienced a significant decline of 8.34%.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a blockchain writer with a specific interest in journalistic writing. He covers breaking events in the crypto community and blockchain industry. Over the past year, he has published over 1,500 short-form and long-form content for Web3 publishing firms.

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