Despite the gloomy outlook, Chris Burniske, a well-known crypto expert and partner at Placeholder VC, shared a bullish perspective.
He pointed out that, even though Bitcoin and Ethereum are going through a period of consolidation, there are signs of strength across a wider range of blockchain projects. Even though the market is down, blockchains are still making their way into the wider social and tech landscape, noted the expert.
Burniske’s optimistic view is not a new one. He was right about Solana last year when the price went back up after dropping to $9. This made him a lot more credible when the project actually came back from the dead.
It is worth mentioning that the crypto market is gearing up for a few major unlock events that could have an impact on price movements. Next up are XAI (6.28%, $6.44 million) and GMT (3.68%, $9.79 million) on Sept. 9, followed by APT (2.23%, $66.39 million), ICP (0.51%, $17.04 million) and MOCA (2.01%, $17.12 million) on Sept. 11. On top of that, STRK is set to have a 3.6% ($27.63 million) unlock on Sept. 15.
While the sentiment in the market may currently feel as though “Satoshi is dead,” as Burniske says, the upcoming events and continuing blockchain progress signal a potential bullish shift on the horizon.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
