LUNC price surges 12%, can it hit $1? Terra Luna Classic price prediction.

The cryptocurrency Terra Luna Classic (LUNC), which powers the original Terra blockchain, recently saw an increase of nearly 12% from its low point on Tuesday in the $0.000085 range.

Currently, LUNC/USD is trading at around $0.000094, but has experienced significant volatility in the past few days.

On Sunday, the cryptocurrency saw a large 33% surge after breaking out above a short-term pennant structure and the cryptocurrency’s 21DMA.

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However, LUNC was unable to break back above resistance in the $0.000115 area.

Price Prediction – Where Next for LUNC?

Although the cryptocurrency is currently holding steady above a downtrend from its previous yearly highs, it is uncertain whether it will be able to reach recent highs in the $0.0001150 area in the long-term, as the fundamentals are not working in LUNC’s favor.

Readers may recall that in May 2022, when the algorithmic “stablecoin” UST lost its 1:1 peg to the US dollar, this triggered a “bank run” and caused a “death spiral” in LUNC.

LUNC holders lost everything as the supply was hyper-inflated due to UST owners redeeming their UST tokens en masse via the protocol’s mint-burn mechanism.

The Terra ecosystem saw an exodus of nearly all of its capital, users, and developers and has never fully recovered.

LUNC represents a defunct cryptocurrency network, and the disaster of May 2022 dealt a fatal blow to the Terra project’s credibility. LUNC holders may want to consider selling while they still can.

Can LUNC Reach $1?

It is unlikely that LUNC will rally to $1.0 per token unless the Luna Classic community implements significant changes to the cryptocurrency’s tokenomics.

Currently, there are close to 7 trillion LUNC tokens in circulation, and most would agree that Luna Classic is unlikely ever to reach a $7 trillion market cap, not least because the blockchain’s entire web3 ecosystem was obliterated in mid-2022 when UST depegged from the US dollar and triggered hyperinflation in LUNC.

However, crypto markets are unpredictable, and anything is possible.

Buy LUNC Now

Terra Luna Classic (LUNC) Alternative to Consider – yPredict (YPRED)

Investors may want to consider diversifying their crypto portfolios into projects with a better chance of delivering near-term gains.

One high-risk, high-reward investment strategy that some investors may want to consider is getting involved in crypto presales.

This is where investors buy tokens of up-and-coming crypto projects to help fund their development.

These tokens are usually sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.

Many of these projects have excellent teams behind them with great visions for delivering revolutionary crypto applications/platforms.

If an investor can identify such projects, the risk/reward of their presale investment is very good.

The team at blockchain spends a lot of time combing through presale projects to help investors out.

One such project that the team has identified as having very strong potential is yPredict.

What is yPredict?

yPredict is a ground-breaking new AI-powered crypto trading and market intelligence platform that is building a first-of-its-kind, institutional-grade crypto price prediction system.

According to observers, the tool, which is powered by yPredict’s in-house deep data analysis, will help crypto investors discover the next explosive crypto with ease.

The best part is that yPredict’s crypto price prediction system will remain free and open for all users to access – the price predictions will be made publicly available and require no login to see, as explained in the project’s whitepaper.

However, yPredict provides investors with more than just predictions about cryptocurrency prices. The start-up is developing a state-of-the-art cryptocurrency research and trading platform that gives traders and investors access to dozens of signals powered by artificial intelligence, breakout strategies, pattern recognition, and social/news sentiment features, according to its Lite paper.

The platform’s technology was designed using cutting-edge predictive models and data insights created by the top 1% of AI developers and quants. Meanwhile, the ypredict.ai marketplace will allow experts to earn recurring revenue by offering their model predictions or data research as trading signals that traders and investors can subscribe to.

To finance the development of its revolutionary AI-powered cryptocurrency trading and market intelligence platform, yPredict is conducting a presale of its native $YPRED token, which powers the platform.

The presale is currently in its sixth stage, with $YPRED tokens selling for $0.09. The presale has reached the significant milestone of $2 million. However, there is still a lot of room for growth for new investors since the token will be listed on major exchanges for $0.12 later this year, resulting in a 33% paper gain.

But investors must act quickly to avoid missing out on the presale, as the yPredict $YPRED token is selling rapidly. The presale has a hard cap of $6.5 million, which could be reached in a matter of weeks if the presale continues to gain momentum as it has in recent days. The 33% profit that investors who invest now can achieve may be dwarfed by the potential long-term upside of $YPRED.

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