{"id":545618,"date":"2023-08-03T10:00:50","date_gmt":"2023-08-03T10:00:50","guid":{"rendered":"https:\/\/wncen.com\/?p=545618"},"modified":"2024-06-11T14:39:17","modified_gmt":"2024-06-11T14:39:17","slug":"price-of-lunc-will-land-this-august","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/price-of-lunc-will-land-this-august\/","title":{"rendered":"Here\u2019s Where The Price Of LUNC Will Land This August, According To This Algorithm"},"content":{"rendered":"

LUNC\u2019s community has worked continually towards reviving the ecosystem\u2019s native LUNC token. However, recent data from this artificial intelligence (AI) algorithm suggests these efforts might not be enough.<\/span><\/p>\n

LUNC\u2019s Price Prediction<\/h2>\n

PricePredictions<\/span><\/a>, a state-of-the-art crypto analysis and forecasting platform, has projected Terra Classic (LUNC) to trade at around $0.000076 by the end of this month. PricePredictions combines indicators like average true range (ATR), relative strength index (RSI), and moving average convergence divergence (MACD) to make such forecasts.\u00a0<\/span><\/p>\n

Related Reading: Buying Pressure Incoming? MicroStrategy Files Notice With SEC To Sell $750 Million In Stocks<\/a><\/div>\n

Suppose this projection is anything to go by, it means LUNC will experience a decrease from its current price by August 31, 2023, with LUNC currently trading at around $0.000079, according to data from <\/span>CoinGeko<\/span><\/a>.<\/span><\/p>\n

While this news is undoubtedly bearish for the LUNC community, there was more to cheer about following <\/span>Binance removing 1.14 billion tokens<\/span><\/a> from circulation as part of the LUNC burn mechanism. LUNC\u2019s price also surged following this news, although it has since retraced.\u00a0<\/span><\/p>\n

While the machine-learning prediction indicates a potential decline in LUNC\u2019s price, it is important to note that the recent price spike following the Binance announcement demonstrates that positive developments can potentially reverse the trend of Terra Classic.<\/span><\/p>\n

Such events could potentially mean that we could see more uptrend from the token as the community continues to propose solutions that could see regain the confidence of investors and push its once stablecoin USTC to re-peg with the dollar.<\/span><\/p>\n

\"Terra<\/p>\n

Token price sitting at $0.00007937 | Source: LUNCBUSD on Tradingview.com<\/a><\/pre>\n
USTC Decision Likely To Affect LUNC<\/h2>\n
Vegas, a member of the LUNC community, had earlier proposed in a <\/span>tweet<\/span><\/a> that the $800 million USTC tokens linked to the Ozone protocol should be returned to the Terra Classic community pool because of the ineffectiveness of the project and its failure to adhere to the proposed development plan.<\/span><\/p>\n
Meanwhile, there has been a conflicting proposal from Alex Forshaw, a co-author of the Terra Classic Revival Roadmap, who has proposed that the $800 million USTC tokens be burned instead. He believes that validators and stakers who have a strong influence on the ecosystem will most likely dump their tokens, leading to a further decline in the token\u2019s value.<\/span><\/p>\n
Related Reading: Ethereum ETFs Heat Up As Filings With SEC Climbs To Six<\/a><\/div>\n
While whatever proposal the community moves forward with will affect USTC\u2019s price with the hope that it finally reclaims its peg with the US dollar, it will most likely affect LUNC\u2019s price too.\u00a0<\/span><\/p>\n
Currently, LUNC\u2019s price is trending at $0.00007925, down 1.62% in the last 24 hours and 3.08% in the last 7 days. However, this downtrend could quickly reverse if the community is able to figure out a way to re-peg USTC to the US dollar.<\/span><\/p>\n
Featured image from Coin Culture, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
LUNC\u2019s community has worked continually towards reviving the ecosystem\u2019s native LUNC token. However, recent data from this artificial intelligence (AI) algorithm suggests these efforts might not be enough. LUNC\u2019s Price Prediction PricePredictions, a state-of-the-art crypto analysis and forecasting platform, has projected Terra Classic (LUNC) to trade at around $0.000076 by the end of this month. PricePredictions combines indicators like average true range (ATR), relative strength index (RSI), and moving average convergence divergence (MACD) to make such forecasts.\u00a0 Related Reading: Buying Pressure Incoming? MicroStrategy Files Notice With SEC To Sell $750 Million In Stocks Suppose this projection is anything to go by, it means LUNC will experience a decrease from its current price by August 31, 2023, with LUNC currently trading at around $0.000079, according to data from CoinGeko. While this news is undoubtedly bearish for the LUNC community, there was more to cheer about following Binance removing 1.14 billion tokens from circulation as part of the LUNC burn mechanism. LUNC\u2019s price also surged following this news, although it has since retraced.\u00a0 While the machine-learning prediction indicates a potential decline in LUNC\u2019s price, it is important to note that the recent price spike following the Binance announcement demonstrates that positive developments can potentially reverse the trend of Terra Classic. Such events could potentially mean that we could see more uptrend from the token as the community continues to propose solutions that could see regain the confidence of investors and push its once stablecoin USTC to re-peg with the dollar. Token price sitting at $0.00007937 | Source: LUNCBUSD on Tradingview.com USTC Decision Likely To Affect LUNC Vegas, a member of the LUNC community, had earlier proposed in a tweet that the $800 million USTC tokens linked to the Ozone protocol should be returned to the Terra Classic community pool because of the ineffectiveness of the project and its failure to adhere to the proposed development plan. Meanwhile, there has been a conflicting proposal from Alex Forshaw, a co-author of the Terra Classic Revival Roadmap, who has proposed that the $800 million USTC tokens be burned instead. He believes that validators and stakers who have a strong influence on the ecosystem will most likely dump their tokens, leading to a further decline in the token\u2019s value. Related Reading: Ethereum ETFs Heat Up As Filings With SEC Climbs To Six While whatever proposal the community moves forward with will affect USTC\u2019s price with the hope that it finally reclaims its peg with the US dollar, it will most likely affect LUNC\u2019s price too.\u00a0 Currently, LUNC\u2019s price is trending at $0.00007925, down 1.62% in the last 24 hours and 3.08% in the last 7 days. However, this downtrend could quickly reverse if the community is able to figure out a way to re-peg USTC to the US dollar. Featured image from Coin Culture, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":545619,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[86067,87155,86792,86977,86796,86254,86791],"class_list":["post-545618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-lunc","tag-lunc-community","tag-lunc-price","tag-luncusd","tag-luncusdt","tag-terra-classic","tag-ustc"],"acf":[],"yoast_head":"\nHere\u2019s Where The Price Of LUNC Will Land This August, According To This Algorithm<\/title>\n<meta name=\"description\" content=\"PricePredictions algorithm has projected Terra Classic (LUNC) to trade at around $0.000076 by the end of this month.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here\u2019s Where The Price Of LUNC Will Land This August, According  To This Algorithm","url":"http:\/\/wncen.com\/news\/price-of-lunc-will-land-this-august\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/price-of-lunc-will-land-this-august\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Terra-Classic-LUNC.jpeg?resize=200%2C163","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Terra-Classic-LUNC.jpeg?fit=309%2C163"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["lunc","lunc community","lunc price","luncusd","luncusdt","terra classic","ustc"],"dateCreated":"2023-08-03T10:00:50Z","datePublished":"2023-08-03T10:00:50Z","dateModified":"2024-06-11T14:39:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here\\u2019s Where The Price Of LUNC Will Land This August, According  To This Algorithm\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/price-of-lunc-will-land-this-august\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/price-of-lunc-will-land-this-august\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Terra-Classic-LUNC.jpeg?resize=200%2C163\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Terra-Classic-LUNC.jpeg?fit=309%2C163\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"lunc\",\"lunc community\",\"lunc price\",\"luncusd\",\"luncusdt\",\"terra classic\",\"ustc\"],\"dateCreated\":\"2023-08-03T10:00:50Z\",\"datePublished\":\"2023-08-03T10:00:50Z\",\"dateModified\":\"2024-06-11T14:39:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Terra-Classic-LUNC.jpeg?fit=309%2C163","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/545618"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=545618"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/545618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/545619"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=545618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=545618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=545618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}