Top Crypto Trader Says Altcoin Ripped 250% in Two Weeks Will Continue Parabolic Run – Here's His Target

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Top Crypto TraderSays Altcoin Ripped 250% in Two Weeks Will Continue Parabolic Run – Here's HisTarget

A widelyfollowed crypto trader is expressing bullish sentiment on an altcoinwith a three-digit gain in a fortnight. Pseudonymous crypto analyst Altcoin Sherpatold his 182,700 Twitter followers that based on the Fibonacci indicator, LunaClassic (LUNC) will continue to rally on the condition that Bitcoin(BTC) and Ethereum (ETH) "catch up".

LUNC is thepredecessor of the Terra (LUNA) blockchain, also known as Terra 2.0.LunaClassic opened at $0.000106 on August 24th and closed at $0.000379 on September6th, a 257% gain.

At the timeof writing, Luna Classic is trading at $0.000345, while its successor Terra(LUNA) is trading hands at $1.83. The Luna Classic rally comes after aproposal to reward LUNC holders who failed to receive the correct allocation ofLUNA airdrops and passed a new airdrop. The initial airdrop was mootedafter the collapse of the original Terra ecosystem in May.

The collapseof the original Terra ecosystem was triggered by the failure of its flagshipstablecoin, Terra Classic USD (USTC), which decoupled from the USDdollar. Altcoin Sherpa also looks to smart contract-enabled blockchain Phantom(FTM). According to the crypto trader, Phantom has found short-termsupport at around $0.2396 but is likely to drop by more than 20% from thecurrent levels later.

In order to continue the rally, a new gun is suggested by Altcoin Sherpatshe recommends that both Bitcoin and Ethereum should pick up. At the time of writing, Ethereum is trading at $680 while Bitcoin is sitting at $11,360 with a market capitalization of around $220 billion.

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