Despite the growing strength of many cryptocurrencies in the market, Terra Classic (LUNC) has not had the same fate. Machine learning algorithms deployed by the price monitoring platform, PricePredictions projected that the price of Terra Classic on April 30, 2023, would amount to $0.000119. This would be a 2.38% decrease from the current price of LUNC. At the time of writing, the cryptocurrency was priced at $0.0001219, representing a decrease of 1.71% in the previous 24 hours, 1.82% on its weekly chart, and 16.52% on its monthly chart.

The sentiment around LUNC on the TradingView platform is bearish as of now. Oscillators suggest a ‘buy’ signal and at the same time, the moving averages indicate a ‘strong sell’ signal with 14 of the summary.

The current state of Terra Classic can be attributed to the arrest of Terraform Labs founder Do Kwon in Montenegro. In spite of this, there is hope that the coin’s fortune may change if the crypto trading platform Binance approves the $5 million funding application by the Terra Grants Foundation. The application was made in December 2022, as indicated by the Director of the foundation, Edward Kim.

At present, crypto traders must proceed with caution as the cryptocurrency market is highly volatile. One should not invest more than they can afford to lose and always keep in mind that speculative investments are a risk. As much research as possible should be done before taking a position in any digital asset.



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