According to venture capitalist Chris Burniske, Solana (SOL) is poised to outperform Ethereum (ETH) in the next market expansion in the cryptocurrency space. Burniske, who accurately predicted the 2022 crypto bottom, believes that Solana has the potential to reclaim and surpass certain price levels relative to ETH. He points out that Solana has already reclaimed the 0.01 ETH level and suggests that it could reach 0.02 ETH in the next upward movement.
Burniske clarifies that his assessment is not meant as a criticism of Ethereum, expressing bullishness on both ETH and SOL simultaneously. He believes that it is possible to hold and support both assets and networks, as they have different risks and visions while contributing positively to the overall ecosystem. Burniske also highlights Solana’s recent developments, such as lower transaction fees, increased throughput, and quiet product launches, as indicators of a new product cycle emerging.
It is worth noting that Solana has experienced a significant decline from its all-time high of $259.24 in November 2021, currently trading at $19.45, representing a devaluation of 92.5%. Despite this, Burniske sees potential for Solana to rebound and outperform Ethereum in the future market expansion.
Source: UTODAY
