Venture Capitalist Predicts New All-Time High for Ethereum Competitor Solana
Venture capitalist Chris Burniske believes that Solana (SOL), a smart contract platform and Ethereum (ETH) rival, is poised to reach new all-time highs. Burniske shares on social media platform X that he sees the SOL/ETH pair rising to its previous ATH of 0.06 ETH, equivalent to $136. He previously predicted that the pair could reach 0.21 ETH ($477), although he noted that it was too early to confirm. With SOL’s recent surge, Burniske stands by his prediction and suggests that a fresh ATH is likely for Solana.
Solana’s Impressive Performance
Solana’s price has skyrocketed this year, increasing over 1,000% from $9.99 to its current trading price of $110.40. However, despite this bullish price action, it remains more than 56% below its all-time high of $259.96.
Hot Take: Solana’s Potential for Growth
As Solana continues to gain ground against Ethereum and experience significant price increases, venture capitalist Chris Burniske predicts that the cryptocurrency is on track to achieve new all-time highs. With its impressive performance in 2022 and the potential for further growth, Solana may present a lucrative investment opportunity for crypto enthusiasts.
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