As the cryptocurrency market begins to recover from an anticipated correction following a period of intense bullishness, Terra Classic (LUNC) is reflecting the broader sentiment. Finance experts have offered their predictions for LUNC’s price by the end of 2024.
Terra Classic has recently started to recover from losses experienced over the past week, with its price rising by almost 2% in the last 24 hours. However, it has been facing challenges since the beginning of the year, with a decline of 4% since January 1.
Terra Classic Price Predictions for 2024
In light of recent market movements and other factors, several finance analysts have offered their predictions for Terra Classic’s price in 2024, foreseeing minimal changes for the cryptocurrency, currently ranked as the 113th-largest by market capitalization.
Among these analysts are Elliott Lee, a crypto journalist and analyst at Techopedia, Anton Kharitonov from Traders Union, and the expert team at WalletInvestor. They anticipate Terra Classic’s price to range between $0.000112 and $0.00013342 by the end of 2024.
Elliott Lee, in particular, predicts Terra Classic’s price to fluctuate between $0.000096 and $0.00014, with an average of $0.000118, representing an 11.01% decrease. Lee explained in an article earlier this year that while Terra Classic’s reputation may have suffered, there is potential for the project’s revival amidst expectations of a crypto bull run in 2024 and efforts by the Terra Classic team to reignite its success.
Terra Classic Price Predictions from Various Experts
WalletInvestor experts have projected the average price of LUNC on December 31, 2024, to be $0.000112, indicating a decrease of 15.54%. They offer a minimum target of $0.0000312 and a more optimistic maximum target of $0.000191 by the end of the year, based on data retrieved on March 20.
Terra Classic price prediction long-term chart. Source: WalletInvestor
Anton Kharitonov, an analyst at Traders Union, forecasts that Terra Classic could reach $0.00013342 by the end of 2024, representing a modest increase of 0.62%. Additionally, his colleagues at Traders Union also predict a price range between a minimum of $0.00012008 and a maximum of $0.00014676 by the year’s end.
Terra Classic price prediction 2024. Source: Traders Union
Terra Classic Price Movement Amidst Market Volatility
Currently, the price of Terra Classic stands at $0.0001326, reflecting a 1.83% increase in the last 24 hours, a decline of 28.86% over the past week, and a 3.34% gain in the last month, based on the most recent charts as of March 20.
These figures coincide with a bearish sentiment prevailing in the cryptocurrency market, along with anticipation surrounding the March 25 hearing between Terraform Labs and the United States Securities and Exchange Commission (SEC). This hearing pertains to Terra’s crash and the resulting investor losses in 2022.
Despite expert predictions, the trajectory of LUNC’s price may deviate due to the volatile nature of the crypto sector. Therefore, conducting thorough research and staying updated on Terra Classic news is essential for potential investors.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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