BREAKING NEWS: LUNC Price To Hit $1 Soon?

Do Kwon, the creator of Terraform Labs, was spared extradition to the US after a decision by a Montenegro court to overturn a previous ruling. The Court of Appeal of Montenegro annulled the earlier decision made by a court in Podgorica and sent the case back for reconsideration and a new verdict. Kwon appealed his extradition to the US, where he is wanted on fraud charges stemming from the collapse of the Terra ecosystem. Will the LUNC price reach $1? Let’s take a look at this LUNC price prediction article in more detail.

LUNC price prediction: Terra’s Do Kwon wins appeal in Montenegro, case retrial ahead

It seems that Do Kwon, the person who started Terraform Labs, may not need to go to the United States. A court in Montenegro changed its mind and said he did not need to be sent there. They send the case back to another court to think about it some more and make a new decision.

Kwon didn’t want to go to the US, where they accused him of doing bad things related to the Terra ecosystem falling apart. He appealed that he was sent there.

Terra had a big problem in 2022, and a lot of people lost a ton of money. Kwon ran away to Montenegro after this happened, but they caught him and put him in jail for having fake documents. Right now, he is in jail for four months while Montenegro figures out what to do with the extradition requests from the US and South Korea.

The US and South Korean governments both want him back on charges of what happened to Terra. The court said they had to look at everything again because they were not sure about some important details regarding the extradition requests of both countries.

LUNC Price Forecast: How has the LUNC price moved in recent days?

Today, the price of Terra Classic is $0.000248, and it was a busy day with a trading volume of $483.88 million. The market cap for Terra Classic is $1.44 billion, and it currently holds 0.06% of the total market. Over the past 24 hours, the price of LUNC has risen by a whopping 37.59%.

The highest price Terra Classic ever reached was on April 5, 2022, with a high of $119.01. On the other hand, the lowest price for Terra Classic was recorded on May 13, 2022, falling to an all-time low of $0.00001651. Since reaching its peak, the lowest price for Terra Classic was $0.00001651 (referred to as the cycle low), while the highest price since the last cycle low was $0.000590 (known as the cycle high).

At the moment, the sentiment regarding the future price of Terra Classic is neutral, but the Fear & Greed Index shows a high level of greed at 90 (classified as Extreme Greed).

LUNC Price To Hit $1 Soon?

The price of LUNC has been on a roll lately, rising a whopping 73% over the past year. And the good news keeps coming, with a 37.22% rise in the last 24 hours and an additional 12.25% bump in just the last hour. Out of the last 30 days, LUNC was in the green for 17 of them, which shows that people are feeling quite optimistic about it.

Plus, it has a lot of cash flowing through it, thanks to its large market cap. Right now you can buy a piece of LUNC for $0.000248, even though the annual inflation rate is negative at -3.18%.

While we can’t say for sure if LUNC will hit $1 anytime soon, given its recent performance and the way things are shaping up in the market, it wouldn’t be surprising to see it get pretty close. Just remember, investing in cryptocurrencies can be risky, so make sure you do your homework before diving in.

Currently, LUNC is trading at $0.000248. If it wants to reach $1, it has quite a climb ahead – it needs to bridge a gap of $0.999752 ($1 – $0.000248). In simpler terms, the price of LUNC will have to skyrocket by about 4032 times its current value.

While this may sound like a big leap, LUNC has shown some promising signs of late. Over the past year, it has risen by 73%, indicating that there is potential for more growth. Moreover, it has done quite well in the short term, with some decent gains in the last 24 hours and even just within the last hour.

But getting to $1 will require serious momentum and a lot of faith from investors. It’s hard to say for sure when – or whether – LUNC will reach that milestone, but keeping an eye on how the market is moving can give us some clues.

Apart from this, while Kwon’s recent legal victory is a positive development, it does not guarantee that he will not be extradited in the end. The case simply goes back to the original court for another round of hearings. So, for now, Kwon’s extradition is on hold, but it’s not completely off the table.

Where to buy LUNC?

For individuals eager to enter the cryptocurrency market, Bitget emerges as a reliable platform. Offering low fees, a user-friendly interface and a simple onboarding process, Bitget offers a convenient experience for both novice and experienced traders. Whether you are an experienced investor or a newcomer, Bitget offers a streamlined way to buy and trade cryptocurrencies in the dynamic and rapidly evolving market.

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