A venture capitalist who accurately called the cryptocurrency market bottom in 2022 says Solana (SOL<\/a>) is almost ready to print a fresh all-time high.<\/p>\n Chris Burniske, the former head of crypto at Cathie Wood\u2019s ARK Invest, tells his 286,200 followers on the social media platform X that Solana is raring for a new record high.<\/p>\n \u201cSOL looks hungry for ATH (all-time high) to me. \u2018Monthly close\u2019 is very close already, and in circulating market cap. SOL is already there.\u201d<\/em><\/p>\n At time of writing, SOL is worth $190.41, about 27% away from its all-time high of $259.96 which it hit in November 2021.<\/p>\n Burniske also says that he expects Solana to outperform<\/a> BNB (BNB<\/a>) en route to becoming the third-largest crypto asset excluding stablecoins.<\/p>\n \u201cBNB gonna lose its #3 \u2018non-stablecoin\u2019 slot forever soon.<\/em><\/p>\n Always was gonna be BTC, ETH [and] SOL this cycle.\u201d\u00a0<\/em><\/p>\n Solana\u2019s market cap is currently sitting at $84.53 billion while BNB is hovering at $88.49 billion.<\/p>\n While the investor is bullish on the crypto markets, he says<\/a> that traders and investors should keep their expectations within reason.<\/p>\n \u201cFor the mos<\/em>t part, the largest multiples are behind us for this expansion, but the most exciting product development, and intoxicating social froth, is ahead of us \u2013 keep your feet on the ground\u2026<\/em><\/p>\n BTC at $200,000 = 2.86X from 70,000. BTC 2022 bottom = $15,500, so we\u2019ve already gone 4.52X. Bullish, but within reason. Entiende?<\/em><\/p>\n Or take SOL, currently $192. That\u2019s been a 24X from its 2022 bottom of ~$8. If you expect SOL to hit $1,000 (bullish call), then you\u2019re calling for a 5.2X from here (largest X behind). To say greater multiples ahead for SOL this expansion, claims SOL > $4,600 (unlikely in my opinion).\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image:\u00a0DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A venture capitalist who accurately called the cryptocurrency market bottom in 2022 says Solana (SOL) is almost ready to print a fresh all-time high. Chris Burniske, the former head of crypto at Cathie Wood\u2019s ARK Invest, tells his 286,200 followers on the social media platform X that Solana is raring for a new record high. […]<\/p>\n","protected":false},"author":2,"featured_media":275954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-275953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=275953"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275953\/revisions"}],"predecessor-version":[{"id":275956,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275953\/revisions\/275956"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/275954"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=275953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=275953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=275953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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