A popular crypto analyst said that one of the notable altcoins of recent days seems unstoppable.
In a new strategy session, InvestAnswers, the YouTube channel hosting financial education, evaluated the structural links of decentralized stablecoin issuer Terra (LUNA) to Bitcoin (BTC).
“There are no signs stopping LUNA. Increased by 166% in 60 days.
Again, Do Kwon [Terra’nın kurucu ortağı] His clever move in creating an algorithmic stablecoin powered by Bitcoin. I believe this will be a game changer, I expect bullishness.
Why is that [Bitcoin satın almayı] I’m not sure he left. I think he’s waiting for a dip. But just look at this chart, it’s a beast and I don’t see it stopping.”
Regarding the theoretical model he laid out on March 24 for how Bitcoin could reach the staggering $80,000 price, the analyst says:
“He’s taking all the steps in the right direction and (the model) is keeping a close eye on where we are.”
The trader also reviewed another Ethereum rival altcoin Solana (SOL) and its recent moves in the BTC trading pair.
“It was rejected from the exact 200-day moving average. It is very important to follow this SOL to Bitcoin ratio. 0.0022 of the bottom level [94.26 dolar] I thought it was but 0.002 [85.69 dolar]fell to. Then due to the huge influx of money [Mart sonundan Nisan başına] It took off, and now we’re being rejected again, but I think we’re going to bounce from there.”
As for the leading altcoin Ethereum, the trader told 428,000 YouTube subscribers that the leading smart contract platform remains in a tight price range, and the available data does not give a clear picture of what’s next.
“If you look at the last five days for Ethereum, we went above $3,500 a few times but fell again. It’s in this super narrow range, from $3,450 to $3,460, to $3,520 to $3,560. Just up and down, up and down. Strange, extraordinary.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.