Analyst The Crypto Dog Projects All-Time High For Terra (LUNA)
A popular crypto analyst, known as The Crypto Dog, is looking into Terra (LUNA), and reads bullish signals despite the recent downturn in the crypto markets.
The analyst shared with his 736.K followers on Twitter that the chart action of LUNA indicates that it seems ready to be rising to new all-time highs.
“LUNA is clearly running to all-time highs once BTC chills out. A lot of charts look like shit. This is not one of them.”
At the time of writing, LUNA is trading at $79.87, down 0.49% on the daily trading window.
Terra ecosystem has been flagging strong fundamental signs and growth regardless of the lack of performance in the rest of the crypto markets.
According to decentralized finance tracking platform DeFi Llama, the total value locked (TVL) in Terra is up 52% in the last month.
Total value locked (TVL) is the overall value of crypto assets deposited in a decentralized finance (DeFi) protocol – or in DeFi protocols generally. It has emerged as a key metric for gauging interest in that particular sector of the crypto industry.
Currently, Terra is the second-largest blockchain in terms of total value locked with a TVL of $21.13 billion, behind Ethereum with a TVL of $109.59 billion.
