The host of well-liked crypto commentary and market evaluation present InvestAnswers not too long ago defined his bullishness on Ethereum rivals Terra ($LUNA) and Solana ($SOL).
Talking in a current YouTube video, InvestAnswers’s host informed subscribers that he’s bullish on Terra as a result of mission’s plans to again stablecoin UST by Bitcoin reserves.
As reported by The Every day Hodl, the host mentioned:
“I like LUNA. I’ve develop into nearly tremendous bullish about LUNA due to what they’ve deliberate. Flipping from an algorithmic stablecoin to a Bitcoin-backed and even partially Bitcoin-backed stablecoin could possibly be an absolute recreation changer.“
InvestAnswers claimed that the “sky’s the restrict” for $LUNA, and highlighted Do Kwon, Terraform Labs Co-Founder and CEO Do Kwon’s current announcement that the corporate could be buying billions of {dollars} value of BTC for its TerraUSD ($UST) reserves.
The present’s host additionally bullish on Solana, and claimed that the Ethereum competitor seemed to be undervalued by traders. He known as Solana the “greatest SCP (good contract platform)” on the market and predicted that $SOL would overcome its worth resistance of $150:
“That is one of the best SCP (good contract platform) on the market, regardless of it simply being in beta mode and having its issues again in September, however it’s fully undervalued. Each single metric, 19 metrics are bombastic. One is dangerous and that’s whole worth locked (TVL), not dangerous however not as robust as others as a result of they don’t give the identical degree of incentives… However I believe it’s solely a matter of time. If Ethereum runs to $4,000, I undoubtedly see Solana going excessive and quick and far, however you by no means know what may occur. Avalanche may hit $200. LUNA may hit $250. Solana may languish round $150…
“So proper now my most well-liked piece could be Solana primary and LUNA quantity two.“
Disclaimer
The views and opinions expressed by the writer, or any folks talked about on this article, are for informational functions solely, and they don’t represent monetary, funding, or different recommendation. Investing in or buying and selling cryptoassets comes with a threat of monetary loss.
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