AI predicts Terra Classic (LUNC) price for year-end 
Cryptocurrency Nov 29, 2024 Share
Terra Classic (LUNC) has struggled to maintain prices throughout 2024. Various measures have been implemented to stabilize LUNC’s prices — most notably, token burns aimed at reducing supply and thus increasing value.
Given that the wider cryptocurrency market has entered a full-blown bull run — many traders are anticipating the start of the long-awaited altcoin season. Some are speculating that the wider surge, coupled with a decreasing supply, could lead LUNC to experience significant moves to the upside — especially taking into consideration its performance over the last month.
LUNC was trading at a price of $0.0001225 at press time, after a 5.22% gain on the daily chart supplemented weekly returns to 8.82%, bringing returns over the last 30 days up to 32.68%. On a year-to-date (YTD) basis, prices are still down 11.61%.
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LUNC price daily chart. Source: CoinMarketCap
Based on the recent positive price action for Terra Classic, Finbold has consulted some of the most powerful publicly available large-language models to provide additional context into the situation.
AI outlines bullish and bearish factors at play with LUNC
When prompted to give Terra Classic price targets for the end of 2024, one of OpenAI’s most advanced models, ChatGPT-4o, outlined a series of bullish and bearish factors at play. The AI model also set two price targets — one is contingent on the bullish factors being dominant, while the other is based upon more bearish developments.
On the bullish side of the aisle, GPT-4o noted the efforts to reduce LUNC’s circulating supply, as well as the ecosystem’s active community, highlighting the recent launch of decentralized exchange Terraport. In addition, the model also noted positive market sentiment and analyst estimates.
Bullish factors for LUNC outlined by ChatGPT-4o. Source: OpenAI
Unsurprisingly, the bearish arguments were just as, if not more convincing. Terra Classic’s history of sharp price swings was the first factor that GPT-4o noted. It also opined that the reputational damage caused by Terraform Labs’ founder Do Kwon would serve to deter potential institutional investors, while also drawing increased scrutiny from regulatory bodies.
In addition, the network’s staking and minting mechanisms were highlighted as potential risk factors — as they could hypothetically reintroduce the inflationary pressures that had wreaked such havoc on LUNC and LUNA in the first place.
Bearish factors for LUNC outlined by ChatGPT-4o. Source: OpenAI
GPT-4o set two price targets for LUNC
With everything taken into consideration, two price targets were set — both of which would entail significant moves.
GPT-4o predicted that LUNC could reach a price of $0.000213 by year-end 2024 — equating to a 73.88% upside from current prices, in the bullish scenario. Conversely, it stated that, should the bearish case play out, Terra Classic could see prices drop to as low as $0.000096 — for a 21.63% decline from prices at the time of publication.
LUNC price targets for the end of 2024 set by ChatGPT-4o. Source: OpenAI
Traders should note that, while useful, even the most advanced large language models are not a fitting substitute for proper analysis. Fundamentally, LUNC remains a high-risk play with limited upside.
There are a wide variety of projects out there that have none of Terra Classic’s baggage, none of its supply issues, and much larger communities — many of which stand to benefit much more from the presently favorable market conditions.
Featured image via Shutterstock