Cryptocurrency

Terra Classic

Bitcoin

Terra

<div class="finbold">
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Terra Classic (LUNC) has seen a decline of 3% throughout the preceding 24-hour period, resulting in its value dropping to $0.00005852. Consequently, this altcoin now occupies the 90th position in the hierarchy of cryptocurrency market capitalization rankings.</p>
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 <p class="paragraph">LUNC has seen a decrease of 9% over the course of the previous week. Although it has shown an increase of 3% over the last 14 days, it continues to exhibit a decline of 1% over the span of a month and a substantial decrease of 81% over the last year.</p>
 <p class="paragraph">The observed declines indicate a sustained downward trend that has affected LUNC since 2023. The community associated with the currency has encountered difficulties in their efforts to enhance the value of both LUNC and its associated stablecoin, USTC.</p>
 <p class="paragraph">It seems probable that LUNC will have a sustained decline in the future, prompting Finbold to delve into the employment of machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>s by <em>PricePredictions</em>, a cryptocurrency monitoring and prediction platform, on October 4. The objective was to assess the potential <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of LUNC at the end of October based on the latest developments.</p>
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 <p class="paragraph">According to the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, Terra Classic is projected to decline to <strong>$0.000055</strong> by October 31. The prediction is gathered by using several key technical indicators, including the moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and more.&nbsp;</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh6.googleusercontent.com/iaZx-zNkrGC715cNsPvu0DWwL6UznsUJuH9f_q5prDHg6nNEQ97tOOF0VLG2HkvlTv7r_sFnf-qpMSbnJCvXC7CuXZRnh8N9Wv1FaLfyRw2xk2IRS-V676bguGUcNlns4k0CcgOA9UeuvLu5Q-TIacI" alt>
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 <p class="paragraph">However, if proactive measures are implemented to enhance its ecosystem and value, there is a possibility of a subsequent resurgence in its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>.</p>
 <h2 class="wp-block-heading" id="h-traders-losing-interest-in-lunc">Traders losing interest in LUNC</h2>
 <p class="paragraph">Technical signs show that LUNC is sliding again after riding the market rebound on Monday, October 2.</p>
 <p class="paragraph">Several recently agreed governance changes have not significantly impacted LUNC’s price, suggesting that the broader market has lost interest in the cryptocurrency.</p>
 <p class="paragraph">New to the ballot for Terra Luna Classic is a proposal to support a team of developers with the stated goal of implementing a comprehensive roadmap of enhancements and adding “value to the Terra Classic blockchain so that we can help push this chain where it deserves to go.”</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Voted "NO" to #LUNC proposal 11828 by the six samurai.<br><br>While there is no deny the mentioned road map is exactly what the chain needs. However, there is no guarantee it can be realized.<br><br>You dont agree ? Lets have a discussion pic.twitter.com/5GDpkQLcHt</p>— Nameer | StellarDrift ️ (@StellarDrift__) October 3, 2023
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 <h2 class="wp-block-heading" id="h-terra-classic-chart-analysis">Terra Classic chart analysis</h2>
 <p class="paragraph">Diving into the current market dynamics, Terra Classic is navigating the intricate web of value with its current trading price at $0.00005852. A discernible 3.16% downturn within the last 24 hours and a more substantial 9.81% decrease over the week presents a nuanced narrative.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/10/04/d13e3b0b86f0a9bdc11ddb790949ba69.webp" alt class="wp-image-131287" srcset="https://cdn.thebittimes.com/images/2023/10/04/d13e3b0b86f0a9bdc11ddb790949ba69.webp 1024w, https://cdn.thebittimes.com/images/2023/10/04/d13e3b0b86f0a9bdc11ddb790949ba69.webp 300w, https://cdn.thebittimes.com/images/2023/10/04/d13e3b0b86f0a9bdc11ddb790949ba69.webp 768w, https://cdn.thebittimes.com/images/2023/10/04/d13e3b0b86f0a9bdc11ddb790949ba69.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>LUNC 7-day price chart. Source: Finbold</em>
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 <p class="paragraph">Now, shifting focus to LUNC’s price analysis we take a deeper plunge into the intricacies of its price action. The resistance level, standing at $0.00006, acts as a psychological barrier where selling pressure tends to intensify.</p>
 <p class="paragraph">On the flip side, its support level at $0.00005 denotes a critical threshold where buying interest tends to materialize. This interplay between resistance and support levels unveils the underlying tug-of-war within LUNC’s market ecosystem.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-sets-terra-classic-price-for-october-31-2023-tbt65113.html">https://thebittimes.com/machine-learning-algorithm-sets-terra-classic-price-for-october-31-2023-tbt65113.html</a></p>

Machine learning algorithm sets Terra Classic price for October 31, 2023

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