Cryptocurrency sector has slowly started to go green, and this is actually altcoins It made me think that they might be preparing for a new rally.
The rise of L1-focused networks is also directly affecting the eyes. LUNA, AVAX, ETH, ADA and turned it into projects like this. A famous analyst, on the other hand, explained his comments about them.
Latest Situation in SOL and LUNA
Popular crypto analyst InvestAnswers shared his statements about LUNA in his latest video for his 421,000 followers.
The analyst stated that he is very hopeful of LUNA as Terra plans to create an algorithmic stablecoin and support it with BTC.
I love LUNA. I am looking forward to a super rise for LUNA because of what they have planned. Taking the algorithmic stablecoin and making it a Bitcoin-backed or partially Bitcoin-backed stablecoin could change everything. I think there is no limit to that.”
Terra co-founder Do Kwon recently announced this and stated that $ 2.5 billion worth of BTC will be received. The analyst, on the other hand, does not just expect the LUNA price to explode.
According to the analyst, Ethereum rival Solana has also been in a very “hot” position lately. Stating that SOL is well below its value, the analyst expects it to break the $150 resistance in a short time.
Stating that Solana is the best smart contract platform at the moment, the analyst expects SOL to be number 1 and LUNA to be number 2.
According to analyst LEFT price The main target in the medium term seems to be $200.