Using the depegging of USTC, Terra Classic is unfortunately one of the most underperforming tokens around. Currently hovering at 78th in the biggest cryptocurrencies list by market cap, a lack of investor interest seems to be reflected in this consistently poor market sentiment. Despite this, various Terra Classic development teams have stepped up in effort to turn this circumstance around.
The Terra Classic Layer-1 Task Force, led by LuncBurnArmy, aims to reverse this depegging situation by implementing the divergent fee protocol and buy & burn mechanics. Additionally, the Terraport project – which encountered recent difficulties – is now back in running order. As restitution for affected users is slowly being administered, this progress is a welcome addition to help reinvigorate positive market feel.
According to specialist traders and substantial crypto punters, a considerable increase in loyalty appears to be ongoing with forecasts confident LUNC will increase to $0.01 in the near term. Assistance on the and front has also graced the project with the ML algorithm on PricePrediction predicting LUNC to touch $.000076 by 31st July 2023.
Recent trends additionally remain steady with the last 30 days indicating a positive price movement of 50%, contrastingly however correlating with a shortened 18% differential price decrease. This, accompanied with the current rate of $.000008, gives potential investors the chance to at least fill their bags.
