Chris Burniske Is Spending His Time at SOL and ATOM Ecosystems

Chris Burniske (@cburniske), one of the partners at Placeholder venture capital, tweeted this morning that he is spending a majority of his time at Cosmos (ATOM) and Solana (SOL) ecosystems. According to the tweet, the rest of his time is spent at Ethereum (ETH).

Burniske’s latest tweet follows after a tweet he made yesterday, which showed that the Solana network has executed just as much NFT transactions as the Ethereum network to date.

In related news, the price of SOL has dropped over the last 24 hours. Meanwhile, ATOM’s price has risen in the same time period. This is according to the crypto market tracking website, CoinMarketCap.

SOL is trading at $13.63 at press time following a slight 0.07% drop. The last 7 days, however, have seen positive price movement for the altcoin. SOL’s price is currently up 1.23% over the last week.

Daily chart for SOL/USDT (Source: CoinMarketCap)

The daily chart for SOL shows that SOL’s price has been in a consolidation channel for the last 2-3 weeks. In addition, the price of SOL is clinging to the 9-day EMA line, which is also positioned below the 20-day EMA.

ATOM, on the other hand, is up over the last 24 hours but down for the week. At press time, the price of ATOM stands at $9.84 following a 1.27% rise over the last day. The altcoin’s price is down 2.79% for the week.

Daily chart for ATOM/USDT (Source: CoinMarketCap)

The price of ATOM attempted to make a move above the 9-day EMA line yesterday, but was shortly brought back down to close below the EMA line. It is currently still trading below the level.

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