Terra Classic (LUNC) Price Prediction Will The Bulls Prevail?

LUNC is still trading in the $0.00013 range today, slightly increasing from its March 18, 2023 price level. The last three days have been positive for the asset. However, how long the rally will last is up to the market forces and events on the network.

LUNC Price Action In 2023

LUNC traded at $0.000145 on January 1, 2023. However, it consolidated its gains to trade at $0.0001651 on January 11, 2023. LUNC increased to $0.0002027 on February 3, 2023, before returning to $0.00015 on February 9. 

The asset’s price continued its rapid decline in March, dropping back to the $0.00012 price level on March 7. However, the bulls have rallied from March 17 to date. 

LUNC Price Prediction With Technical Indicators

LUNC is in an uptrend today, forming a third consecutive green candle on the daily chart. The bulls are eager to hold their gains from March 17. Driving the price further. However, LUNC is still trading below its 50-day and 200-day Simple Moving Averages (SMA), showing a bearish sentiment in the short and long term. 

LUNC found strong support above the 61.8% Fibonacci level (0.00012098). However, the Relative Strength Index (RSI) is at 39.52, close to the oversold region of 30. The RSI is moving sideways, reflecting the possibility of a decline.

Although LUNC is currently in an uptrend, the indicators on the chart still express bearish sentiments. If the bears prevail, expect a  decline for the asset in the coming days.

Expert Long And short-term LUNC Price Prediction

Several experts have compiled a list predicting LUNC’s short- and long-term price based on technical and fundamental analysis.

LUNC Price Prediction By Bitcoinwisdom

Bitcoinwisdom predicts that in 2023, in the second half, LUNC will reach a maximum price of $0.000184, a minimum of $0.000147, and an average price of $ 0.000184. By 2025, LUNC will trade at a maximum of $0.000428, a minimum of $0.000367, and an average of $0.000392. 

Bitcoinwisdom believes that by 2030, LUNC will trade at a maximum of $0.001041, a minimum of $0.00098, and an average price of $0.001004.

LUNC Price Prediction By Bitnation

Bitnation tips LUNC to attain a maximum price of $0.000223, a minimum price of $0.000149, and an average price of $0.000186 in 2023. In 2025, they believe it will trade at a minimum price of $0.000396, a maximum price of $0.000471, and an average price of $0.000433. 

Bitnation is bullish on LUNC’s price in 2030. They tip the asset to trade a maximum of $0.001214, a minimum of $0.001139, and an average price of $0.001177.

LUNC Price Prediction By Priceprediction.net

Priceprediction.net predict that LUNA will trade at a minimum price of $0.00016137, a maximum of $0.00018443, and an average price of $0.000167449. IN 2025, they tip LUNC to trade at a maximum price of $0.00040567, a minimum of $0.00035075, and an average price of $0.00036048.

By 2030, by their prediction, LUNC will trade at a maximum price of $0.003, a minimum of $0.002, and an average price of $0.002.

Factors Influencing LUNC’s Price

Several factors influence LUNC’s price. These factors range from events on its network to factors on a global scale. Here are the top factors influencing Terra Classic’s price.

Crypto Regulation

Terra Classic is a project familiar with regulatory pressure. After the crash in 2022 due to insolvency, the project was relaunched. However, it is now under scrutiny from the regulatory bodies. 

These agencies believe that all crypto projects must be accountable for their actions, and the consumers must be protected at all costs.

Macroeconomic Events

Several factors, such as wars and natural disasters, could negatively influence the price of a crypto asset. For instance, mining activities are greatly affected by the ongoing Ukraine-Russia conflict that has endured for over a year.

Inflation and correlation to Bitcoin’s price and the stock market also influence most altcoin projects which could be positive or negative.

Investor sentiment

Investors are vital to the success of any crypto project. The more a project is adopted and tokens purchased, it will likely experience a price increase. Traders’ and investors’ interests could drive the price of an asset up. Also, if FUD levels are high in the market, a sharp drop is often noticed in an asset’s price.

Supply and Demand

These factors are critical to an asset’s price movement. The price will likely spike if there are more buyers than sellers. However, if more sellers than buyers exist, the market will be flooded with excess tokens, thus decreasing their value.

Eris Protocol Launches Ampz On Terra Classic

1/ Another day, another product drop from Eris! ?

We are excited to announce the launch of AmpZ.

A wallet automation tool that helps you define and automate DeFi strategies utilizing your wallet balance or by redirecting staking or LP yield.

Built on @terra_money$LUNA ? pic.twitter.com/hCnB8PKrHC

— Eris Protocol (@eris_protocol) March 18, 2023

Eris Protocol has announced the Launch of AmpZ, a wallet automation tool that helps users define and automate DeFi strategies. Users do this with their wallet balance or redirecting staking of Liquidity Pool yield.

Users can use LUNA to mint ampLUNA and convert to an auto-compounding liquidity pool position on Astroport. Also, they can swap another token like ASTRO, USDC, or ampLUNA.

Additionally, they can redirect their staking yield and engage in Dollar Cost Averaging (DCA). These strategies serve as a suitable custom timescale, such as Daily, Weekly, or Monthly strategies for a long time. Once the configured time has expired, users need to reconfigure the strategy. 

AuthZ Cosmos SDK modules are used for the automation process where wallets permit the AmpZ contracts to execute additional contracts. Such innovations could be beneficial to the Terra Classic network.