Cryptocurrency expert Chris Burniske reaffirmed his confidence in Ethereum (ETH) competitor Solana (SOL), confirming his future price prediction despite the bear market.
Late last month, Burniske, a partner at crypto venture firm Placeholder, said that a $1,000 price target for SOL could look “conservative” going forward.
Since his prediction, Solana has undergone a significant price correction, dropping to around $180 and is trading at $129 at the time of writing.
But Burniske says:
“It’s still the case. It’s not swayed by short-term price movements.”
He doubled his $1,000 SOL prediction, saying that when Solana was trading at $8, many people were expecting it to crash to $4. Instead, Solana soared more than 20x to $200.
Burniske is also bullish on layer 1 crypto project Celestia (TIA). The investor has previously said that if people understood Celestia’s unique value proposition, they wouldn’t be too concerned about the current altcoin correction.
“If you have lost your bullish motivation because of the TIA price decline, you probably didn’t jump into Celestia Org enough in the first place. TIA is up 2-3x from the IPO, but if you bought the local high, it’s your fault, and the decline is an opportunity to average down.”
At the time of writing, TIA was trading at $4.53.
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