The crypto trader Classy Crypto uploaded his latest analysis for Terra Classic (LUNC) to his YouTube channel this morning. In the video, the trader expressed his desire for proposals and plans to recover the Terra Classic ecosystem.
Classy Crypto also stated in his video that the Terra community is still very active during voting periods, which is a positive sign for the ecosystem. As a result, he believes that LUNC’s price will enter into a strong rally in the next crypto bull run.
Should BTC’s price break past $29.1K, then it could result in a BTC run beyond $30K, as well as LUNC’s price receiving a pump, according to Classy Crypto. With this potential pump in LUNC’s price, the analyst shared that he may look to take profit once LUNC’s market cap reaches $10 billion and then once again when it reaches $20 billion.
The trader’s strategy will change slightly, however, if the Terra Classic team burns several trillion tokens in the near future. Classy Crypto shared that he will not want to miss out on long-term gains should trillions of LUNC be burned in the short-term.
Daily chart for LUNC/USDT (Source: TradingView)
At press time, CoinMarketCap showed that the altcoin printed a small 0.79% gain over the last 24 hours, standing at $0.0001058. The altcoin was unable to print a gain against Bitcoin (BTC) and Ethereum (ETH) during this time period, and was down 0.85% against BTC and 0.88% against ETH.
BTC was able to establish a 24-hour high of $28,881.30 in the past day, but has since experienced a pull back. Meanwhile, the crypto’s daily low stood at $27,935.73 at press time.
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Source: Cryptocurrency - investing.com
