A prominent digital asset venture capitalist believes that the crypto markets may mirror a major rally from recent years.<\/p>\n
Placeholder Capital founder Chris Burniske tells<\/a> his followers on the social media platform X that the crypto markets may soar and suddenly retrace as they did in 2019.<\/p>\n He says the crypto markets may dip in early 2024 by printing higher low prices in the cycle.<\/p>\n \u201cIf BTC and ETH rip here, and then everything else follows, we could be in for a mid-2019 repeat \u2013 going just high enough to get people to believe that maybe, just maybe, new ATHs (all-time highs) are around the corner, before enduring a final wipeout (Q1 2024?) and putting in firm higher lows.\u201d<\/em><\/p>\n Burniske also says he remains bullish on Solana (SOL<\/a>) after longing the Ethereum (ETH<\/a>) competitor back in December 2022 when it was trading for around $10.<\/p>\n He said<\/a> at the time,<\/p>\n \u201cStill longing SOL while haters spinelessly pile onto the downside momentum. When Solana recovers, it\u2019s not me that will be haunted by the thought, \u2018Instead of jeering, I could have been buying SOL ~$10.\u2019\u201d <\/em><\/p>\n He says<\/a> that SOL against ETH (SOL\/ETH) remains in an uptrend after hitting a key level.<\/p>\n \u201c0.02 SOL\/ETH achieved: leaves no choice but to eye 0.03 ETH next.\u201d<\/em><\/p>\n SOL\/ETH is trading for 0.02249 ETH ($40.56) at time of writing.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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