Solana Could Still Skyrocket to $1K, Despite Recent Dip
06.08.2024 13:00 1 min. read Alexander Stefanov
Crypto expert Chris Burniske remains optimistic about Solana (SOL), maintaining his prediction of a $1,000 price target despite recent market declines.
Burniske, a partner at Placeholder, initially set this target when SOL was trading at around $180, though it has since dropped to $129.
Burniske emphasizes his confidence, noting that short-term price fluctuations do not affect his long-term view.
He recalls that when Solana was priced at $8, critics expected it to fall further, yet the coin surged over 20 times to reach $200.
[reaedmore id=”134934″]Additionally, Burniske is also positive about Celestia (TIA), another layer-1 blockchain project. He suggests that if investors fully grasp Celestia’s unique advantages, they would remain unfazed by its current price dip.
He encourages those who have lost confidence due to recent declines to reconsider, as TIA is still significantly higher than its initial listing price and could offer opportunities for those looking to average down.
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