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.”
Dogecoin is trading at $0.27 at time of writing, up nearly 40% in the past week, according to CoinGecko. Bitcoin is trading at $46,271 and is up more than 20% in the past seven days.
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