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SOL Price Could Rise 9x After Spot Solana ETF Approval, Predicts GSR Markets The adoption of spot Solana ETFs in the US may boost SOL up 9x, according to crypto market creator GSR Markets. GSR Markets named Solana one of “crypto's big three” and assessed its chances of becoming the next US spot cryptocurrency ETF in a June 27 research. Many were surprised when VanEck filed to establish a spot Solana ETF at the same time. Spot Solana ETFs Could Draw 14% of Bitcoin ETF Flows GSR, which maintains a long position on SOL, estimated “8.9x” based on the premise that spot Solana ETFs will grab 14% of spot Bitcoin ETF flows since their inception in January, taking into account their respective market size. Based on current supply, GSR's optimistic scenario would push Solana's $149 price to over $1,320, leading in a $614 billion market valuation. However, GSR provided more cautious possibilities. In the “bear” and “baseline” scenarios, spot Solana ETFs would grab 2% and 5% of Bitcoin flows, increasing Solana's price by 1.4x and 3.4x. GSR noted that these projections may be higher if spot Solana ETFs included staking rewards, which were not permitted in authorized spot Ether ETFs. GSR is bullish, but Bloomberg ETF analyst Eric Balchunas and others think a change in the US administration and SEC leadership is needed to seriously contemplate a spot Solana ETF. In litigation against Binance and Coinbase, SEC Chair Gary Gensler has classed the SOL token as a security, which might make approval harder than for Bitcoin and Ether ETFs. VanEck's Solana ETF application follows 3iQ's Canadian file, a first in North America. The Solana ecosystem and network have been praised by $1.5 trillion asset manager Franklin Templeton. The company has not announced plans to develop a spot Solana ETF. Over $1 billion worth of Solana exchange-traded instruments are available globally, demonstrating increased demand for SOL token and network exposure. #Solana #Sol $SOL #etf

Weekly Chart: Shiba Inu Enters Buy Zone, AI Predicts 121% Price Surge The Shiba Inu price has entered a purchase zone after crashing below $0.000017. It offers a rare chance for investors to buy cryptocurrencies at a cheap price, particularly if the market recovers. Analyst Finds SHIB Buy Zone The Shiba Inu price has entered another purchase zone, according to crypto researcher SHIB Knight. On X (previously Twitter), the crypto analyst posted a chart showing the meme coin's significant price levels. Analysis highlights $0.00002392, $0.00002105, and $0.00001837 as critical levels. The most critical is below $0.000018, a fall that may have produced fresh investing possibilities. SHIB Knight uses the weekly chart to show that the Shiba Inu token has reached the purchase zone. Bulls must defend levels around $0.00001760 and $0.00001766 to start an upswing, as is typical in crypto research. The crypto researcher expects the price to climb if the bulls can defend this level. Weekly chart shows $SHIB in purchase zone. The X article advised bulls to defend this zone for upswing. SHIB Knight's research comes as Shiba Inu is expected to start another upswing. The CoinCodex AI has projected a bullish wave for SHIB in the next days. The website expects the Shiba Inu price to climb over 2x from here, reaching a new annual high. Over the next five days, accuracy might push the price to $0.00003825, a 121% rise from the present level. 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC daily incentives exclusively at Wild.io. Play Now! Read why Bitrue Crypto Exchange Wants Investors to Go “All-In” on XRP. The AI is not long-term positive on the SHIB price, particularly in July. Despite positive predictions for June, the AI expects prices to tumble next month, falling as low as $0.00001638, a 4.98% drop. Bears continue to squeeze the Shiba Inu price, keeping it low. At $0.00001715, it has lost 1.9% today and 7.54% this week. #SHIB $SHIB @Shiba Inu

#FOMO for #SOL and #AVAX precede impending corrections caused by fear of missing out In the last day, SOL and AVAX have both seen price increases of around 8%. There may be a price correction for SOL, according to Santiment's statistics, which implies that FOMO is the main driver of its price surge. Santiment data shows that AVAX's ascent was unaffected by FOMO, hence its price may keep going up. Thursday saw a little rebound throughout the cryptocurrency market, which led to a 9% rally in Solana (SOL) and a 7% rally in Avalanche (AVAX). Nevertheless, according to Santiment data, SOL's surge may be attributed mostly to FOMO, but AVAX has not been much impacted by this fear on its price. With the cryptocurrency market on the mend, AVAX and SOL are seeing massive price increases. Santiment recently shared crucial data in an X post that might explain why SOL and AVAX prices have been rising and why they may be subject to adjustments. After seeing important market-moving news on Thursday, Santiment's social volume data indicates that FOMO was the primary cause for SOL's increase, with both tokens jumping roughly 8%. Since fear of missing out (FOMO) probably drove the current demand, the data also implies that SOL could undergo a correction shortly. There may have been a recent price increase in SOL due to VanEck's S-1 application for a Solana ETF. One possible explanation for its ascent is that GSR has gone long on SOL, praising its "superior technology" and stating that it "continues to distance itself from the pack." Also on Thursday, AVAX price soared by 8% without any help from social traffic or fear of missing out. Santiment data shows that AVAX may be able to maintain its price gain as it rallied without seeing an increase in social volume or fear of missing out. Contrasting dynamics in the cryptocurrency market are shown by the two price surges, which demonstrate the role of psychology on price rises. $SOL

Ripple investors surrender for ninth day as XRP falls below $0.47 Thursday was the ninth straight day of XRP token losses for Ripple investors. Santiment data shows traders lost $41 million since June 18. In the previous week, XRP has lost nearly 5% to $0.47. Ripple (XRP) retains the recent fall at $0.47 Thursday. On-chain data suggests that whales holding 1 million to 10 million XRP distributed their tokens at a loss after the price drop. The graphic below illustrates that XRP investors lost almost $41 million between June 18 and June 27 based on Santiment on-chain data. The negative spikes in Network Realized Profit/oLss illustrate XRP traders' nine-day losses. Capitulation occurs when traders consistently lose. NPL Different XRP investors responded differently to the price drop. Wallet addresses with 10,000–100,000 XRP tokens and 100,000–1 million coins bought the dip. Investors with 1–10 million XRP divided their shares at a loss. This phase usually involves capitulation before asset price recovery, as seen in the chart below. Ripple Distribution of XRP In the absence of an SEC vs. Ripple litigation update, traders are analyzing Bitcoin price movements to predict XRP's direction. In the last week, XRP has dropped roughly 5% to $0.47. Technical analysis: Ripple losses may extend 3.5%. Ripple is falling, hovering at $0.47 on Thursday. If the slide continues, XRP may hit $0.4508, the June 7 low. If the cryptocurrency recovers, XRP might fill the Fair Value Gap between $0.4731 and $0.4710 before falling again. The MACD indicator confirms the bearish thesis with the signal line above the MACD line and the red histogram bars beneath the neutral line. Price momentum is negative for Ripple. Ripple's close over the Fair Value Gap between $0.4825 and $0.4841 might undermine the bearish argument and propel XRP above $0.4955 barrier. #XRP #Ripple $XRP

German and US Governments Sell Bitcoin, El Salvador Holds Following a US-German government development, Bitcoin (BTC) and the crypto market may fall further. On-chain data implies both governments are selling a lot of BTC. US Government Sends Coinbase Prime $240 Million In Bitcoin Arkham Intelligence said on X (previously Twitter) that the US government transferred Coinbase Prime 3,940 BTC ($240 million). This has generated concerns that the government may sell these crypto tokens, which would put further pressure on the main coin. Arkham said this BTC was seized from drugs trafficker Banmeet Singh during his trial earlier this year. Singh sold narcotics on the Silk Road, a dark web network from which the US authorities confiscated a lot of Bitcoin. The US government has sold some Silk Road BTC, which put pressure on the flagship coin. March saw their latest sale of 9,861 BTC ($216 million). They have not confirmed the sale of the 3,940 BTC transferred to Coinbase, suggesting it has not been sold. Other than the US government, others want to dump on the market. Arkham Intelligence reports that the German government sent 125 BTC ($7.71 million) apiece to Kraken and Bitstamp. They just sent 400 BTC ($24 million) to Kraken and Coinbase. The German government sent 1,000 BTC to an unknown address (139Po), maybe another crypto exchange. Given Bitcoin's current selling pressure, the US and German governments' possible sales are more concerning. Bitcoinist said that BTC miners sold 30,000 BTC ($2 billion) this month, leading to the crypto's enormous drop since the month started. A Different Government Holds El Salvador is keeping its Bitcoin assets while the US and other governments sell them. El Salvador embraced Bitcoin as legal cash in September 2021 and started a '1 Bitcoin a day campaign' in November 2022, buying 1 BTC daily. Arkham Intelligence reveals they have 5,794 BTC ($351.82 million) and followed this strategy. Foreign investments and mining have helped El Salvador accumulate. #Elsalvador #ABD #Germany $BTC

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