Solana (SOL) Poised to Outpace Ethereum (ETH) in Next Market Expansion, According to Chris Burnisky

A venture capitalist who correctly described the cryptocurrency bottom of 2022 says an Ethereum (ETH) competitor looks poised to outperform the leading smart contract platform.

Chris Burniski, Founder, Placeholder Capital, Tells His 263,000 followers on social media platform X show that Solana (SOL) looks set to outperform top altcoins during the next risk expansion in the cryptocurrency markets.

Looking at the SOL/ETH pair, Burniski notes that Solana has already recovered 0.01 ETH and may be on its way to 0.02 ETH in the next batch.

“SOL: 0.01 ETH recovered first, 0.02 ETH in the next big risk expansion?”

Source: Chris Burniski/X

Veteran crypto investor notes His prediction is not a criticism of Ethereum and he is bullish on both ETH and SOL simultaneously.

“For those who think this is an attack on ETH, think again. Both assets and networks are very easy to maintain and support – different risks, different visions, and both are good. I’ve been doing the same thing with Bitcoin and ETH for a long time, much to my chagrin People who were once powerful [Bitcoin maxis]”.

According to Poniski, so is Solana an offer Signs of “revival from the ashes” due to lower transaction fees and higher throughput.

“Quiet product launches, job upgrades, lower fees, increased productivity, no hype — all these are signs of a new product cycle emerging from the ashes.”

Solana has fallen sharply from its all-time high of $259.24 set in November 2021 to its current price of $19.45, which is a decline of 92.5%.

Never miss an opportunity – sign up to get email alerts delivered straight to your inbox

Check price action

Follow us Twitter, Facebook And cable

Browse Hodl’s daily mix

Check out the latest news headlines

See also  Stocks plunged into the Gathering's reality test; Earning Bonds: Wrapping the Markets


Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are at your own risk, and any losses you may incur will be your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl engages in affiliate marketing.

Generated image: mid-flight

Leave a Reply

Your email address will not be published. Required fields are marked *