Image default
Altcoin

Crypto Analyst Calls One Ethereum Rival ‘Heavily Undervalued’, Updates Outlook on Terra (LUNA) and Solana (SOL)

A well-liked crypto analyst says he’s now optimistic on the trajectories of two Ethereum (ETH) challengers.

In a brand new strategy session, the host of InvestAnswers tells his 421,000 subscribers that he’s “super bullish” on LUNA due to Terra’s plans to flip from an algorithmic stablecoin undertaking to 1 that’s backed, partially, by Bitcoin (BTC).

“I love LUNA. I have become almost super bullish about LUNA because of what they have planned. Flipping from an algorithmic stablecoin to a Bitcoin-backed or even partially Bitcoin-backed stablecoin could be an absolute game changer. I mean the sky’s the limit.”

Recently, Terra co-founder Do Kwon introduced it could be buying billions of {dollars} price of BTC for its TerraUSD (UST) reserves.

According to the analyst, Ethereum competitor Solana (SOL) can be displaying metrics that present it’s undervalued.

He says that so long as Ethereum retains altcoin markets afloat, SOL ought to finally take out its resistance round $150.

“This is the most effective 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 utterly undervalued. Every 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… But I feel 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 popular piece can be Solana primary and LUNA quantity two.”

Terra is altering palms for $95.59 at time of writing, a 3% enhance on the day whereas Solana is buying and selling for $95.19, a 2.3% achieve in the identical time-frame.

 

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl will not be funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses chances are you’ll incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please word that The Daily Hodl participates in affiliate internet marketing.

Featured Image: Shutterstock/Ironika

Related posts

Polygon (MATIC) Likely To Surge Ahead of Ethereum Merge Next Month, Says Coin Bureau Host

Crypto Advisor

Top Crypto Analyst Predicts Rally to New All-Time Highs for Curve (CRV), Says One Mid-Cap Altcoin Looks Fantastic

Crypto Advisor

Polygon (MATIC) and Two Ethereum Rivals Primed for Heavy Bounces, According to Analyst Michaël van de Poppe

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 19,204.28 0.84%
ethereum
Ethereum (ETH) $ 1,297.96 3.21%
tether
Tether (USDT) $ 1.00 0.03%
usd-coin
USD Coin (USDC) $ 1.00 0.03%
bnb
BNB (BNB) $ 268.78 0.70%
binance-usd
Binance USD (BUSD) $ 1.00 0.12%
cardano
Cardano (ADA) $ 0.456067 1.25%
xrp
XRP (XRP) $ 0.426724 5.51%
polkadot
Polkadot (DOT) $ 6.46 2.38%
solana
Solana (SOL) $ 32.29 1.74%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 3.41%
dogecoin
Dogecoin (DOGE) $ 0.059281 0.77%
staked-ether
Lido Staked Ether (STETH) $ 1,289.05 3.06%
matic-network
Polygon (MATIC) $ 0.753953 3.41%
tron
TRON (TRX) $ 0.059797 0.21%
dai
Dai (DAI) $ 1.00 0.03%
avalanche-2
Avalanche (AVAX) $ 17.60 4.48%
ethereum-classic
Ethereum Classic (ETC) $ 28.85 0.49%
leo-token
LEO Token (LEO) $ 4.72 2.36%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,244.67 1.31%
uniswap
Uniswap (UNI) $ 5.82 7.63%
litecoin
Litecoin (LTC) $ 53.31 2.31%
cosmos
Cosmos Hub (ATOM) $ 14.33 0.73%
okb
OKB (OKB) $ 14.86 0.13%
ftx-token
FTX (FTT) $ 23.35 0.67%
terra-luna
Terra Luna Classic (LUNC) $ 0.000284 0.93%
near
NEAR Protocol (NEAR) $ 3.86 1.40%
chainlink
Chainlink (LINK) $ 7.04 0.98%
crypto-com-chain
Cronos (CRO) $ 0.105936 1.72%
monero
Monero (XMR) $ 140.17 1.35%
stellar
Stellar (XLM) $ 0.116893 2.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 115.71 2.91%
algorand
Algorand (ALGO) $ 0.37412 15.79%
flow
Flow (FLOW) $ 1.70 1.93%
vechain
VeChain (VET) $ 0.02273 0.69%
eos
EOS (EOS) $ 1.24 4.33%
internet-computer
Internet Computer (ICP) $ 6.13 4.71%
filecoin
Filecoin (FIL) $ 5.50 3.89%
chain-2
Chain (XCN) $ 0.066573 1.13%
frax
Frax (FRAX) $ 0.998596 0.00%
hedera-hashgraph
Hedera (HBAR) $ 0.059566 3.05%
decentraland
Decentraland (MANA) $ 0.71233 1.08%
apecoin
ApeCoin (APE) $ 5.98 5.71%
the-sandbox
The Sandbox (SAND) $ 0.856714 1.38%
tezos
Tezos (XTZ) $ 1.50 3.78%
quant-network
Quant (QNT) $ 105.43 4.60%
axie-infinity
Axie Infinity (AXS) $ 12.21 0.24%
aave
Aave (AAVE) $ 75.84 0.12%
lido-dao
Lido DAO (LDO) $ 1.88 4.37%
elrond-erd-2
Elrond (EGLD) $ 47.48 0.02%
theta-token
Theta Network (THETA) $ 1.09 4.69%
true-usd
TrueUSD (TUSD) $ 1.00 0.09%
chiliz
Chiliz (CHZ) $ 0.249475 9.49%
bitcoin-sv
Bitcoin SV (BSV) $ 49.91 2.36%
compound-usd-coin
cUSDC (CUSDC) $ 0.022679 0.08%
paxos-standard
Pax Dollar (USDP) $ 0.999127 0.11%
kucoin-shares
KuCoin (KCS) $ 8.86 1.21%
bittorrent
BitTorrent (BTT) $ 0.00000078700386 0.11%
ecash
eCash (XEC) $ 0.000039 0.74%
the-graph
The Graph (GRT) $ 0.099785 2.75%
iota
IOTA (MIOTA) $ 0.262894 1.77%
zcash
Zcash (ZEC) $ 55.24 3.19%
huobi-btc
Huobi BTC (HBTC) $ 19,242.42 1.65%
usdd
USDD (USDD) $ 0.999493 0.03%
huobi-token
Huobi (HT) $ 4.54 0.29%
evmos
Evmos (EVMOS) $ 2.47 3.09%
havven
Synthetix Network (SNX) $ 2.40 1.41%
cdai
cDAI (CDAI) $ 0.022072 0.09%
maker
Maker (MKR) $ 632.79 3.04%
bitdao
BitDAO (BIT) $ 0.494422 0.87%
klay-token
Klaytn (KLAY) $ 0.20814 3.67%
neutrino
Neutrino USD (USDN) $ 0.953405 1.52%
fantom
Fantom (FTM) $ 0.232235 3.06%
compound-ether
cETH (CETH) $ 25.91 3.66%
neo
NEO (NEO) $ 8.41 0.99%
helium
Helium (HNT) $ 4.69 2.88%
gatechain-token
Gate (GT) $ 4.20 0.66%
defichain
DeFiChain (DFI) $ 0.824564 0.07%
radix
Radix (XRD) $ 0.058241 3.35%
celsius-degree-token
Celsius Network (CEL) $ 1.66 14.78%
pax-gold
PAX Gold (PAXG) $ 1,662.76 0.50%
pancakeswap-token
PancakeSwap (CAKE) $ 4.29 0.72%
thorchain
THORChain (RUNE) $ 1.63 0.70%
osmosis
Osmosis (OSMO) $ 1.23 1.30%
zilliqa
Zilliqa (ZIL) $ 0.03308 4.93%
enjincoin
Enjin Coin (ENJ) $ 0.476572 1.44%
nexo
NEXO (NEXO) $ 0.917136 2.87%
arweave
Arweave (AR) $ 9.98 6.11%