Venture Capitalist Predicts 2,200% Gains for Crypto Asset, Highlights Dogecoin as Interesting Altcoin
Chris Burniske, a partner at venture capital firm Placeholder, has suggested that Stacks (STX), a project aiming to boost the utility of Bitcoin (BTC), could experience 2,200% gains. Burniske believes that Bitcoin’s layer-2 ecosystem may be close to having its moment and that STX could benefit from little competition in the space. He also claims that a repricing to be on par with MATIC’s relative valuation to its layer-1 could result in a 23x increase in STX’s value. At the time of writing, STX is trading at $0.932, up 238% this month. Burniske has also listed a number of other crypto assets that he finds interesting. Investing in cryptocurrency is a high-risk endeavor and investors should do their due diligence before making any investment decisions. It is also important to note that The Daily Hodl participates in affiliate marketing.
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