In the ever-evolving landscape of cryptocurrencies, experts are constantly evaluating Blockchain projects that are shaping the altcoin space. Today, we cover the thoughts of two leading figures in the crypto world: Chris Burniske, founder of Placeholder Capital, and Inmortal, a pseudonymous analyst with a significant following.
Burniske draws attention to these altcoin projects
Chris Burniske, a respected crypto venture capitalist, shared his views on core networks in the crypto space on Twitter. In a recent tweet, he highlighted five Blockchain projects and succinctly described each one in one word:
- Bitcoin (BTC): Conservatism
- Ethereum (ETH): Optimism
- Solana (SOL): Speed
- Cosmos (ATOM): Sovereignty
- Celestia: Presence
According to Burniske, these projects have revealed unique value propositions that attract both users and developers. Burniske believes that what draws a community to a network and keeps them connected is often a defining characteristic. He also notes that networks that win over the long term tend to focus only on their defining characteristics, attracting the best talent and solidifying their dominance. At the time of writing, Bitcoin (BTC) was trading at $26,280, Ethereum (ETH) at $1,587, Solana (SOL) at $19.39, and Cosmos (ATOM) at $7.03. It is worth noting that Celestia does not yet have a public token.
Analyst Inmortal’s year-end prediction has arrived
On the other hand, Inmortal, a crypto strategist with a dedicated following, shared his perspective on Ethereum’s price action. In a recent post, Inmortal stated that Ethereum (ETH) could experience a significant increase before the end of 2023. However, he also mentioned the possibility of a correction in ETH, with the potential for a drop to $1,300 in the coming weeks. Inmortal’s chart analysis shows that Ethereum could reach as high as $2,000 by the end of the year, with the potential to rise above $2,500 in the first quarter of 2024. At the time of this writing, Ethereum was valued at $1,590.
Inmortal also commented on Bitcoin (BTC), predicting a revisit of the $25,800 support before a potential rise towards the $27,300 resistance. Expressing a particular interest in Radix (XRD), a decentralized finance (DeFi) programming environment, Inmortal noted that XRD looks poised for further growth, especially as it approaches the mainnet launch of the Babylon upgrade. According to the Radix project website, this upgrade will deliver powerful smart contract functionalities and launch a vibrant DeFi ecosystem. At the time of writing, Radix (XRD) was trading at $0.061.
