"Seriously, I can't believe I can climb that much."
The main developer of Terra Classic (LUNC) L1 Bersama Task Force (L1TF) which proposed the implementation of a community-owned wallet has caused investors of the digital asset to be optimistic that its price will climb higher in the future.
The streak, LUNC managed to reach its highest level at $0.000096 before seeing a continuous decline to $0.000076, however analysts still expect the price to recover.
So here it can be seen that the LUNC community including analysts are increasingly confident in the digital asset after the developers are found to be trying their best to bring significant changes to the network.
A cryptocurrency expert named Javon Marks sees LUNC as having the potential to jump as much as 400% from its current price.
According to Mark on his Twitter account, the LUNC price he analyzed in the long term may take several months to materialize but the entire crypto market is expected to see a rise ahead of the Bitcoin (BTC) halving event in the second quarter of 2024.
Please note that the massive surge in the crypto market not only pushed the price of LUNC up 387% but pushed it down faster and faster than investors expected.
LUNC's market cap is currently $468 million and ranks 82nd among other digital assets, so a four-fold jump could boost its position significantly if the market cap experiences further growth.
As of this writing, LUNC price plunged by 1.19% in the last 24 hours with trading volume of $20 million and slipped around 7.16% over the last week.
