Terraform Labs begins comprehensive tests for the introduction of the Lunc/UStC Swap couple, while demand is increasing and a price forecast for Lunc is created on July 31st
Terraform Labs begins comprehensive tests for the introduction of the Lunc/UStC Swap couple, while demand is increasing and a price forecast for Lunc is created on July 31st
algorithm for machine learning defines Terra Classic Prize for July 31, 2023
The dynamics behind the introduction of the Lunc/UStC-Swap couple wins on driving, since Terraform Labs begins with extensive tests to improve its functionality. Terraform Labs in particular has confirmed the merger of the previously submitted Pull Request (PR), which paves the way for the birth of the Lunc/UStC Swap couple.
The expected upgrade is to be implemented in the coming week, accompanied by thorough end-to-end tests, to ensure the smooth operation of each component. While the merger process progresses, the Terra Classic (LUNC) community can expect that the long-awaited Lunc/UStC swaps will be available on Terraswap in the near future.
The demand for this retail couple has increased in the past few weeks, which has caused Coinphony to deal more intensively with the use of algorithms for machine learning. The goal was to assess the potential price of Lunc at the end of July based on the latest developments.
According to the analysis, Terra Classic is expected to drop to $ 0.000076 by July 31. This prediction is based on several important technical indicators such as the Moving Average Convergence Diversgence (MACD), the relative strength index (RSI), the Bollinger bands (BB) and more.In recent years, the LUNC price has recorded a significant decline in -27 %, which indicates a declining trend. It was also exceeded by 64 % of the top 100 cryptocurrencies in this one-year period. Lunc is currently being traded under its simple, sliding 200-day average, which indicates a possible downward trend in its price development.
Despite these indicators, it is worth noting that Lunc has recorded 15 days with positive price movements in the past 30 days, which is 50 % of the observed period. However, the latest development of LUNC was not positive, since the price within the day was 5 % and over the week by another 8.6 %.
currently Lunc is offset by a level of support of $ 0.00007 and a level of resistance of $ 0.00009.
It is important to note that the content of this website should not be regarded as investment advice. Investing is speculative and carries risks for capital invested.
sources:
-Terra Classic price analysis: Coinphony
-Lunc prize forecast for July 31: Priceredictions
The contribution "Algorithm for machine learning defines Terra Classic Prize for July 31, 2023" first appeared on Coinphony.