Chris Burniske, former crypto head of ARK Invest, known for his successful predictions, drew attention to the enormous potential of Solana (SOL), which stands out as one of the fastest rising projects in the cryptocurrency world.
According to Burniske’s analysis, there is a high probability that Solana will reach its all-time high (ATH) and the necessary steps to reach this point are being taken quickly. According to Burniske’s comprehensive analysis, there is a serious potential for Solana to hit its all-time high (ATH). Burniske “seems to be ATH hungry” for the altcoin. expressions used.
At the time of this writing, SOL is trading at $182, approximately 29% away from the all-time high of $260 reached in November 2021.
Additionally, Burniske emphasizes that Solana is rapidly progressing towards having an important place among crypto assets. According to the popular name, SOL may surpass BNB and rise to number 3 among cryptocurrencies with the largest market cap (excluding stablecoins).
“BNB will soon lose its #3 position among ‘non-stablecoins’ forever.
NEWS CONTINUES BELOWIn this cycle always BTC, ETH [ve] “It will be the LEFT.”
Currently, Solana’s market value is at $84.53 billion, while BNB is traded with a market value of $88.49 billion. If Burniske’s predictions come true, this rise of Solana could be an important turning point in the altcoin market and offer various opportunities to investors.
While the investor remains bullish on crypto markets, he adds that traders and investors should keep their expectations within reasonable limits.
“We’ve mostly left the biggest x’s behind in this boom, but the most exciting product development and dazzling social attention are ahead; keep your feet firmly on the ground…
BTC at $200,000 is 2.86x from 70,000. BTC 2022 bottom = $15,500, so we’ve already made 4.52x. Bullish but within reason.
Or get SOL, currently $192. This translates to 24x from the 2022 bottom of around $8. If you are waiting for SOL to reach $1,000 (bullish call), then you are making a 5.2x (biggest X behind) call from here. Saying there are larger x’s in front of SOL for this expansion, the bet is that SOL will be >$4,600 (unlikely in my opinion).”
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