Prominent Venture Capitalist Predicts 2019-Style Crypto Rally
A digital asset venture capitalist, Chris Burniske, believes that the crypto markets may experience a rally similar to what happened in 2019. He suggests that the markets could surge and then suddenly retrace, just like they did in the past. According to Burniske, there may be a dip in early 2024, followed by higher low prices in the cycle.
Burniske also expresses his bullishness on Solana (SOL), a competitor of Ethereum (ETH). He had previously shown confidence in SOL when it was trading around $10 in December 2022. He believes that SOL/ETH is still in an uptrend after hitting a key level and expects it to reach 0.03 ETH.
Hot Take: Crypto Markets Poised for a Repeat of 2019 Rally
Venture capitalist Chris Burniske predicts that the crypto markets are on the verge of a rally reminiscent of 2019. He anticipates a surge followed by a retracement, similar to what occurred in the past. Additionally, Burniske remains bullish on Solana (SOL) and expects its upward trend against Ethereum (ETH) to continue. His previous successful prediction regarding SOL’s bottom in 2022 adds credibility to his latest forecast. As crypto enthusiasts eagerly await this potential rally, they should keep an eye on Solana’s performance as it may present attractive investment opportunities.
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