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Crypto veteran Chris Burniske is reasserting his confidence in Ethereum (ETH) rival Solana ($SOL), confirming a future price prediction despite the downward market.
Late last month, Burniske, a partner at crypto venture firm Placeholder, said that a price target of $1,000 per $SOL may end up looking “conservative” in the future.
Since his prediction, Solana has corrected significantly, dropping from around the $180 level, trading at $129 at time of writing.
But Burniske says,
“Still the case – unswayed by short-term price action.”
While doubling down on his $1,000 $SOL prediction, he says that when Solana was trading at $8, many said it would plummet all the way down to $4. But Solana instead shot up over 20x to the $200 level.
Burniske is also bullish on fellow layer-1 crypto project Celestia ($TIA). The investor previously said that if people understood Celestia’s unique value proposition, they wouldn’t be too concerned about the altcoin’s current correction.
“If you lost your bullish appetite on $TIA because the price went down, you probably never dove into Celestia Org enough to begin with. $TIA is still up 2-3x from the listing week, if you bought a local top that’s your responsibility, and a drawdown is an opportunity to average down.”
At time of writing, $TIA is trading at $4.53.
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