IMPORTANT POINTS:
- Burniske’s Bold Prediction: Solana (SOL) could double its all-time high of 260.
- The advantage over Ethereum: Solana stands out with discreet launches, lower fees and greater functionality.
- Continued Uptrend: Burniske predicts that SOL, Bitcoin and Ethereum will maintain their rise in the coming years.
The cryptocurrency market has always been full of bold predictions, but when these come from people who have been right before, it’s wise to pay attention. Chris Burniske, an investor who correctly predicted the crypto market’s bottom in 2022, has returned to the fray with optimism about Solana (SOL), a prominent competitor to Ethereum (ETH).
In a recent interaction on a social media platform The expert, with a follower base of 263,300 people, suggested that such an investment could be transformed into 2 million.
This estimate is based on his belief that Solana could reach a price that doubles its all-time high of 260, recorded in November 2021. In his words, “It assumes that SOL will reach at least 2 times its all-time high, which I think is likely, But I can always be wrong.”
With Solana trading at 19.45 at the time of writing, the cryptocurrency would need to increase in value by approximately 2,551% to reach the 520 price that Burniske envisions.
But what makes Burniske so bullish on Solana compared to established giants like Ethereum? Earlier this month, he expressed that Solana will likely outperform Ethereum in the next market rally. According to the founder of Placeholder Capital and former head of cryptocurrency at ARK Invest, there are several factors that give Solana, the 10th largest cryptocurrency by market capitalization, a competitive advantage.
The president highlights “discreet product launches, greater functionality, lower rates, greater processing capacity and zero hype” as clear indicators of a new product cycle emerging.
Additionally, Burniske recently stated his belief that Solana, along with Bitcoin and Ethereum, will not hit new lows in 2023. In his op
