LUNC continued its bull run after seeing a pullback on Monday. The altcoin is already up double digits in the last 24 hours, taking its price once again above $0.0001. As this run continues, CoinCodex’s machine learning algorithm has predicted when the price of the digital asset could reach $0.0005.
When will LUNC price reach $0.0005?
CoinCodex’s machine learning algorithm has maintained a very optimistic stance on the price of LUNC going forward, but still believes that the target price of $0.0005 is still a long way off. For example, the forecasts for the next five days and then for the next month remain the same at the $0.000118 level, without much change going forward.
But then, another five-year period is anticipated until LUNC price can break above the $0.0005 level. This is expected to happen in 2028, and in the same year, the machine learning algorithm also expects the price to drop to $0.000049.
Interestingly, $0.000504 is the highest the machine learning algorithm expects the price to reach, at least in the next seven years until 2030. After reaching this target in 2028, it predicts the price will fall further, adding 6 zeros to the current one. price.
As for the sentiment around the altcoin, it remains very optimistic, with 22 indicators flashing bullish and 11 bearish. This brings the sentiment index up 67% compared to a drop of 33%.
LUNA Classic outperforms the market
The LUNC price surge continued into the early hours of Wednesday, where it completed a nearly 30% rise from Tuesday’s lows. This makes LUNC one of the biggest winners in the market, behind the SEI network and USTC in terms of earnings.
Interestingly, this price increase comes at a time when LUNC trading volume is falling. According to data from CoinMarketCap, LUNC’s daily trading volume fell by approximately 20% in the past day. This suggests that there is a decrease in sales, causing buyers in the market to increase the price.
LUNC is currently trading at $0.0001222, up approximately 30% in a 24-hour period. If sellers continue to halt their activities, LUNC price could surpass $0.00015 before the end of the day.
Along the same lines, the price of USTC, LUNC’s sister token, rose by almost 50% in one day. This may be the result of a recent proposal approved by the Terra community in an attempt to return both coins to their former glory.