🚀🚀Will Solana Reach 10X? This Analyst Gives $1,000 Target 🚀🚀
Chris Burniske, a partner at crypto investment firm Placeholder, remains bullish on Ethereum (ETH) rival Solana (SOL), maintaining his $1,000 price forecast despite the downturn in markets.
Last month, Burniske said a $1,000 price target for each SOL could look “conservative” in the future. However, Solana’s price has fallen significantly since then, falling from around $180 to $129 currently.
Burniske reiterated his $1,000 SOL forecast, saying, “I remain unaffected by short-term price action.” Burniske noted that while Solana was trading at $8, many predicted its price would drop to $4, but instead Solana has increased 20-fold to $200.
Burniske also remains optimistic about his other layer-1 crypto project, Celestia (TIA). The investor has previously stated that those who understand Celestia’s unique value proposition will not be concerned about the altcoin’s current correction.
“If you lost your optimism about TIA because the price fell, you probably didn’t learn enough about Celestia Org. TIA is still 2-3x higher since the listing week. If you bought from the local top, that’s your responsibility and a correction could be an opportunity to average down,” Burniske said.
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