By Bitcoinist - 5 months ago - Reading Time: 3 minutes
Will LUNC Ever Reclaim Its ATH? Machine Learning Algorithm Gives 7-Year Prediction
The LUNA Classic (LUNC) crashed over 99% from its all-time high price back in 2022 when the Terra network collapsed. Since then, the coin has kind of made its way into a place where most consider it as high risk and similar to a meme coin. Regardless, the crypto still boasts a strong community that continues to develop in hopes of taking it back to its past glory. But is it actually possible for the price of LUNC to go back to its ATH price?
Machine Learning Algorithm Predicts LUNC Price
According to the machine learning algorithm at CoinCodex, the LUNC price may never return to its previous glory; or at least not for the next seven years. The algorithm which gives predictions on various cryptocurrencies in the space has listed out where the altcoin’s price is expected to be over the years leading up to 2030 and not a single one comes close to its previous all-time high.
The closest prediction given by the algorithm is the 5-day prediction which neither comes out bullish nor bearish. Rather, the algorithm expects that the token’s price will continue to maintain its current level of around $0.00008398. It also predicts that the price of LUNC will trade in the same region one month from now, which would be in December.
On the longer timeframes, there are not a lot of changes expected for the next three years. The years 2024, 2025, and 2026 do not see much changes with the algorithm placing the prices between $0.00008397 and $0.00008398. However, this changes in 2027 when the LUNC price is expected to reach a high of $0.00009591.
Then in 2028, further increases are expected but the price is also expected to fall drastically from its 2027 highs. The lowest point is placed at $0.00003442, while the highest price point is $0.000358. So it could be a very profitable year for holders if it plays out.
Further price declines are expected in 2029 where the algorithm sees the price tanking as low as $0.0000000003808. But then also expects the price to reach its highest level of the 7-year prediction in this same year at $0.000793.
Lastly, the year 2023 is expected to be the most brutal for investors. A low of $0.0000000006051 is expected for the year, and the price is not expected to rise much higher like in 2029. This time around, the algorithm sees the price peaking at just $0.000000003494 for the year 2030.
LUNA Classic Investors Remain Bullish
Despite what can be described as a rather bearish outlook for the LUNC price, investors are not exactly turning away from the coin. The sentiment analysis of LUNC’s signals points to there being more bullish indicators than bearish ones.
The website reveals that a total of 18 indicators are flashing bullish while only 12 are pointing toward bear trends. However, the sentiment has come out to neutral, showing a deviation from the general bullishness that has gripped the broader crypto market. The Crypto Fear & Greed Index is still sitting at a score of 70, signifying a high level of greed among investors.
LUNC, on its own, is keeping up the pace with the crypto market recovery. The altcoin’s price is currently sitting at $0.00008336 at the time of writing with a 2.91% increase in the last day, according to data from CoinMarketCap. Its $483.9 million market cap places it at number 95 on the top 100 cryptocurrencies.
Original source: Bitcoinist