A rival to Ethereum (ETH), which has surged more than 1,000% this year, is poised to hit a new all-time high (ATH), venture capitalist Chris Burniske said.
In a new thread, the co-founder of Placeholder Capital, a New York-based venture capital firm, says Smart contract platform Solana (SOL) appears to be consolidating its position against Ethereum (SOL/ETH) with 270,500 followers on social media platform X.
According to the cryptocurrency investor, he sees the SOL/ETH pair rising to an all-time high of 0.06 ETH, worth $136.
“I forgot to post about 0.04 (ETH) because SOL/ETH is moving so fast. It is now knocking on the door of 0.05 (ETH), and ~ATH of 0.06 (ETH) will follow (so far).”
November, Burnisk predicted It is within the realm of possibility for the SOL/ETH pair to reach 0.21 ETH, worth $477. At the time, he said it was too early to make such a decision.
“0.06(ETH) is (a) pre-wick…
0.1 (ETH) to 0.2 (ETH) seems like a comfortable range to watch as ~0.21 SOL/ETH is the current parity. “It’s too early to call for this, but we should accept it as a possibility.”
But with SOL rallying over the past few months, Burniske is now Called He’s sticking to his prediction, which indicates a new all-time record is in the cards for Solana.
Solana is trading at $110.40 at the time of this writing, a massive increase of over 1,000% since trading at $9.99 at the start of the year. The price of SOL/ETH at that time was 0.00834 ETH, worth $18.96.
Despite Solana’s recent bullish price action, it remains more than 56% below its all-time high of $259.96.
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