Tuesday, September 26, 2023
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Here’s the Next Ethereum-Level Opportunity for Crypto Traders, According to Investor Who Called Bitcoin Reversal

A veteran trader in the cryptocurrency space will tell you that one Layer 1 blockchain project is Ethereum (ethereum) was done four or five years ago.

In a new interview with Bankless, Chris Burniske, a partner at venture capital firm Placeholder, explains that Solana (Sol) is currently undervalued and has ETH-like potential as an investment.

trader says,

“If there is a lot of controversy and you have to pick an ecosystem to pay attention to, and that controversy is underrated, I think it will be Solana. I tend to pick two and build my carrier strategy around that ecosystem. [market], it was ETH and Bitcoin. Because they’re the only ones with enough scale and liquidity to actually justify it.

And what does an aircraft carrier mean? You can actually know if In time, loan or DEX [decentralized exchanges] Or asset management, etc. And you can choose the best of the teams that speaks to you the most from a venture standpoint. “

Burniske, who was recently highlighted as one of the traders who bottomed out in the recent crypto market in November, argued that the three most exciting ecosystems in terms of user adoption and growth are Ethereum and Cosmos. increase(atom) and Solana.

However, traders note that Solana’s “at venture stage” valuation is much lower than Ethereum and Cosmos.

Solana’s valuation is exactly the same as Ethereum’s in 2018 and 2019, he says.


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