Solana And Cosmos New Predictions Are Out

It has been revealed that there are new predictions about the price of Solana and Cosmos. Check out the latest reports about the price of these important digital assets.

A crypto investor who accurately called the bottom of the bear market last year doubled down on some of his calls despite plunging markets.

Chris Burniske who is a partner at venture capital firm Placeholder and former analyst at ARK Invest, said the fact that the recent downward price action in Solana (SOL) and Cosmos (ATOM) means very little in the grand scheme of things.

As the online publication the Daily Hodl notes, last week, the U.S. Securities and Exchange Commission (SEC) listed several assets as securities in its charges against crypto exchanges Coinbase and Binance, including SOL.

“The lawsuit preceded a sizeable drop in the altcoin markets, and Solana is now down about 94% from its all-time high, while Cosmos is down over 81%.”

Burniske, who previously said that Solana was the next “Ethereum-level” opportunity in crypto, made sure to state now the fact that he’s not fazed by recent events.

“To reply guys asking me about SOL, ATOM or ____ token: why would any thesis change because of something a self-interested regulator does? Recent events will be blips in retrospect – onwards.”

The investor also predicted a “redemption arc” for crypto assets next year.

“On the other side of the current fear of crypto’s death is the widespread recognition this movement is immortal…

2024+ crypto redemption arc gonna be all time.”

According to the latest reports, the important crypto exchange Robinhood is reportedly delisting a handful of prominent crypto assets in response to the U.S. Securities and Exchange Commission (SEC) suing Binance and Coinbase for allegedly violating securities laws.

A new report by Bloomberg stated the fact that Robinhood’s chief legal officer, Dan Gallagher, told members of Congress that the firm is delisting smart contract platforms Solana (SOL), Cardano (ADA), and Polygon (MATIC) after the SEC cracked down on the digital asset industry earlier this week.