Terra Classic (LUNC) has seen stellar growth in the past four weeks, and Google’s AI chatbot, Bard, has shared insight into what the future holds for the token.
Though the current market sentiment has weighed down LUNC, it is still relatively in a good place per its Year-to-Date gains. While the token is trading at $0.0001752, down by 7.62% and 29.59% in the past 24 hours and 7-day days, its monthly gain of 112% negates this negative outlook.
At the time of writing, LUNC’s market capitalization sits at $1,031,836,431 with trading volume at $418,258,441, surprisingly up 20.02% in the past 24 hours.
Terra Classic (LUNC) Price Outlook: Google Bard’s Position
When we asked the AI chatbot what it thinks of LUNC’s price by the end of 2024, it noted how tough it will be to speculate on the asset’s price, considering its volatility. However, the AI Chatbot now focuses on expert opinion and the current market condition to forecast a minimum, maximum, and average price for the asset.
According to Bard, LUNC will end this month at an average price of $2.89. From here, the chatbot sees LUNC printing a minimum price of $2.37 with a possible peak price of $3.41. The chatbot said the token could rise as high as $14.96 by 2024.
Notably, the speculative nature of digital currencies makes anything possible. Still, the chances that LUNC will surmount all odds to hit the minimum price, which represents a 1,352,639.73% surge, is hard to imagine with barely three weeks to the end of the year.
While Bard’s prediction hinges on key factors like the potential adoption by members of the LUNC community and sentiments in the broader market, the seemingly unrealistic projection shows the flawed nature of some experimental AI models in general.
Google Bard is Right About One Thing
As part of the projection, Google Bard labeled technical developments and upgrades as one of the key catalysts that might impact the growth of LUNC in the long term.
Since its implosion in mid-2022, the effort to revive the protocol remains the top agenda by the developers of LUNC. Recently, the community passed a proposal to resolve the sequence mismatch issues and boost validator functionalities.
Beyond these upgrades, LUNC also undergoes intensive burning to reduce its supply, a feature that may ultimately impact price in the long term.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
