Venture capitalist Chris Burniske predicts that Solana (SOL) is poised to reach a new all-time high. Burniske, who accurately predicted the crypto market bottom in 2022, believes SOL is nearing its previous peak of $259.96 set in November 2021.
Outperforming BNB
Burniske also anticipates that Solana will overtake BNB (BNB) as the third-largest crypto asset, excluding stablecoins. He believes that the current market cycle will be dominated by Bitcoin (BTC), Ethereum (ETH), and Solana.
Realistic Expectations
While Burniske is optimistic about the crypto market, he urges investors to keep their expectations realistic. He notes that the largest price gains may be behind us but emphasizes that exciting product developments and community enthusiasm are still ahead.
Solana’s Potential
Burniske highlights that SOL has already experienced a 24X increase from its 2022 bottom of $8. He believes that a bullish target of $1,000 would represent a 5.2X increase from current levels. However, he cautions against expecting much larger gains, suggesting that a price above $4,600 is unlikely.
