Enterprise capitalist Chris Burniske says that one red-hot Ethereum (ETH) rival that has surged over 1,000% this 12 months is primed to hit new all-time highs (ATHs).
In a brand new thread, the co-founder of New York-based enterprise capitalist agency Placeholder Capital tells his 270,500 followers on the social media platform X that good contract platform Solana (SOL) seems to be gaining floor in opposition to Ethereum (SOL/ETH).
Based on the crypto investor, he sees the SOL/ETH pair rising to its all-time excessive of 0.06 ETH value $136.
“SOL/ETH shifting so quick I forgot to put up about 0.04 [ETH]; now knocking on the door of 0.05 [ETH], with 0.06 [ETH] the ~ATH (to this point) to comply with.”
In November, Burniske predicted that the SOL/ETH pair reaching 0.21 ETH value $477 is within the realm of risk. On the time, he mentioned it was too early to definitively make such a name.
“0.06 [ETH] is [a] prior wick…
0.1 [ETH] to 0.2 [ETH] looks like a snug vary to observe ~0.21 SOL/ETH is the present parity – too early to name for that, however must be entertained as a risk.”
However with SOL rallying prior to now few months, Burniske now says that he stands by his prediction, indicating {that a} recent all-time excessive is within the playing cards for Solana.
Solana is buying and selling for $110.40 at time of writing, a staggering rise of over 1,000% because the begin of the 12 months when it was shifting for $9.99. Again then, SOL/ETH was priced at 0.00834 ETH value $18.96.
Even with Solana’s bullish worth motion as of late, it stays over 56% down from its all-time excessive of $259.96.
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