- ChatGPT “predicts” LUNC to hit $1 by March 2024 in a video.
- Analyst doubts LUNC reaching $1 due to high market cap implications.
- LUNC’s value drops 8.95%, with a weekly decline of -16.21%.
In his most recent YouTube video, a cryptocurrency analyst known as “ClayBro” disclosed that ChatGPT predicted Terra Classic
The analyst noted, though, that the version of ChatGPT which provided this forecast was a “jail-broken” one. This suggests that the AI chatbot might have been altered to produce the price prediction. ClayBro pointed out that the original, unaltered version of ChatGPT, when posed the same query, declined to offer a price prediction, stating that doing so would violate its guidelines.
Following that, the analyst expressed disagreement with the forecast, asserting that it is “highly improbable” for LUNC to reach $1 considering its present circulating supply. If the cryptocurrency achieved the $1 mark, its overall market capitalization would range from $6 trillion to $7 trillion. Consequently, this would place its value higher than any existing company’s.
The analyst noted that LUNC’s market capitalization reached over $1 billion at its highest point. ClayBro stated that a range of elements would have to align for the altcoin to achieve a value of $1 per coin.
He further noted the presence of significant selling pressure on the price of LUNC. This downward pressure persisted throughout the last 24 hours. As of the latest update, information from CoinMarketCap, a website that monitors the cryptocurrency market, showed that LUNC’s value had decreased by 8.95%.
Afterward, the cryptocurrency was being traded at a value of $0.0001661. As a result, its trading price was nearer to its 24-hour low of $0.0001644 compared to its 24-hour high of $0.0001849.
The most recent decline in price has further driven LUNC’s weekly results into negative territory, reaching -16.21%. Nevertheless, on a monthly basis, the alternative cryptocurrency has maintained an increase exceeding 90%.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
