Crypto veteran Chris Burniske is reasserting his confidence in Ethereum (ETH) rival Solana (SOL), confirming a future worth prediction regardless of the downward market.
Late final month, Burniske, a associate at crypto enterprise agency Placeholder, mentioned {that a} worth goal of $1,000 per SOL could find yourself trying “conservative” sooner or later.
Since his prediction, Solana has corrected considerably, dropping from across the $180 stage, buying and selling at $129 at time of writing.
However Burniske says,
“Nonetheless the case – unswayed by short-term worth motion.”
Whereas doubling down on his $1,000 SOL prediction, he says that when Solana was buying and selling at $8, many mentioned it might plummet all the best way right down to $4. However Solana as a substitute shot up over 20x to the $200 stage.
Burniske can also be bullish on fellow layer-1 crypto challenge Celestia (TIA). The investor beforehand mentioned that if folks understood Celestia’s distinctive worth proposition, they wouldn’t be too involved in regards to the altcoin’s present correction.
“Should you misplaced your bullish urge for food on TIA as a result of the value went down, you in all probability by no means dove into Celestia Org sufficient to start with. TIA continues to be up 2-3x from the itemizing week, should you purchased an area prime that’s your accountability, and a drawdown is a chance to common down.”
At time of writing, TIA is buying and selling at $4.53.
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