Crypto Market Bull Run to Lose Momentum, Predicts Ex-Ark Invest Analyst Chris Burniske: 'It Doesn't Stay White Hot Like This For More Than...'

Chris Burniske, ex-analyst at Ark Invest, believes the present surge in the crypto market might lose steam soon.

According to a U.Today report, Burniske took to X, formerly Twitter, and stated, “The very beginning — but there will be periods of cool ahead, it doesn’t stay white hot like this for more than a few months max — skip on.”

Burniske’s post implies that despite the market’s robust phase, it is impractical to anticipate the momentum to stay at its peak. History indicates that markets, whether crypto or traditional, go through highs and lows, with rapid growth phases often followed by cooldown periods.

See Also: Elon Musk Takes Shot At NFTs Once Again: ‘It’s Just A URL To The JPEG’

The very beginning – but there will be periods of cool ahead, it doesn't stay white hot like this for more than a few months max – skip on🫡

— Chris Burniske (@cburniske) October 31, 2023

Delving further into Burniske’s views, he classifies key cryptos into two categories: “BTC and ETH the OG crypto barbell” and “SOL and TIA the integrated + modular barbell.”

This highlights the enduring presence of Bitcoin BTC/USD and Ethereum ETH/USD in the crypto sphere, while Solana SOL/USD and TiamondsTIA/USD symbolize the next-gen blockchain platforms.

Nevertheless, some may argue that it is too soon to place new entrants like SOL and TIA on the same level as BTC and ETH. Despite their promising nature, these platforms must withstand time, market fluctuations, and regulatory hurdles.

The crypto market chart depicts the general market sentiment. The market cap graph shows continuing growth, suggesting bullish sentiment. Still, the 24-hour volume graph displays volatility with sharp peaks and valleys, while the Bitcoin dominance chart reveals a consistent BTC market share. The CMC Crypto Fear & Greed Index fluctuates between “greed” and “neutral,” implying that traders, while optimistic, remain wary.

Read Next: Dogecoin, Shiba Inu, Pepe, And Floki Surge As Bitcoin Demolishes $35K Barrier

Image via Shutterstock