A widely followed crypto analyst and influencer says one emerging altcoin is about to explode to a new all-time high.
The prominent trader known as The Crypto Dog tells his 565,500 Twitter followers that decentralized finance (DeFi) payment network Terra (LUNA) has been on a strong uptrend since July and is currently accelerating en route to fresh highs.
“I think that was the last stop before LUNA all-time highs.”
LUNA, Terra’s reserve currency, is trading at $16.98 at the time of writing and is up over 100% in the past 30 days, according to CoinGecko. LUNA is the 23rd-largest crypto asset by market cap and hit its all-time high of $22.36 in March.
The Crypto Dog also thinks that meme crypto asset Dogecoin is poised to outperform Bitcoin.
“For what it’s worth, I think DOGE outperforms from here. I like the DOGE.“
The Crypto Dog adds that he’s seeing a positive technical signal that could potentially ignite the next leg of Dogecoin’s rally.
“I liked the volume coming in earlier. Think we’ll manage to find liquidity higher.”
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