InvestAnswers Is Bullish On Two Altcoins: Terra (LUNA) & Solana (SOL)

According to a prominent crypto market analyst looks into Terra (LUNA) and Solana (SOL) and projects bullish times ahead.

Terra (LUNA)

In a recent video session, the crypto analyst of InvestAnswers shared with the YouTube channel’s 421K subscribers that he’s very optimistic on LUNA, due to Terra’s plan to convert from an algorithmic stablecoin project to one that is partly backed 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.”

Do Kwon, Terra’s Co-Founder announced that they would be purchasing $10+ billions worth of BTC for its TerraUSD (UST) reserves.

At the time of writing, LUNA trades at $95, up 2% on the daily chart.

Solana (SOL)

The crypto expert also has Solana (SOL) under his radar, which showing signs that it is undervalued.

According to the analyst, as long as Ethereum is not crashing, SOL should eventually clear its resistance at $150 levels.

“This is the best SCP (smart contract platform) out there, despite it just being in beta mode and having its problems back in September, but it’s completely undervalued. Every single metric, 19 metrics are bombastic. One is bad and that’s total value locked (TVL), not bad but not as strong as others because they don’t give the same level of incentives… But I think it’s only a matter of time. If Ethereum runs to $4,000, I definitely see Solana going high and fast and far, but you never know what could happen. Avalanche could hit $200. LUNA could hit $250. Solana could languish around $150.

So right now my preferred piece would be Solana number one and LUNA number two.”

At the time of writing, SOL is trading at $94.35, up 4.5% up on the daily chart.