Bitwise's newly launched staking ETP (BSOL) in Europe has directly caused its stock price to soar by 1.74%, jumping to $217.
Now, those investors who previously invested in $SOL can finally see hope, as SOL's price had been hovering around $210 without any significant movement.
Now everyone is discussing whether SOL can get hot again and directly soar to a historical high of $300.
Since it hit a high of $263 on November 22, the price has been stumbling around, and last week it almost dropped to $203.
Fortunately, it has started to recover slowly recently, especially when BTC and other coins are falling, the bulls of SOL managed to push the price up.
There’s also Crypto Jelle, who is quite optimistic about SOL, believing that everyone is too pessimistic.
He said that the price trend of Solana now looks like it is forming a descending wedge, which is a good bullish sign, and it is about to touch a key resistance level that has now turned into a support level.
However, if SOL really wants to reach a new high, it must first overcome the two hurdles of $244 and $265.
But as long as it can break through these two barriers with momentum, the price could continue to rise, and it might actually hit $400!
Currently, SOL's price is $217, and the open contracts have also risen by 2.25%, totaling $5.34 billion.
Now let's talk about the Solana Staking ETP (BSOL) launched by Bitwise and Marinade, which has ignited everyone's enthusiasm.
Although Bitwise encountered some setbacks when applying for a Solana spot ETF in the United States, it has already established a foothold in the European market.
Previously, their ESOL product was criticized by investors for not providing staking rewards, but this time BSOL has solved this problem, offering a staking reward of 6.48%, which is higher than competitor 21Shares' 5.49%.
Moreover, BSOL's annual management fee is only 0.85%, much lower than 21Shares' 2.5%.
In the upcoming layout direction, I will guide everyone to target the high-profit opportunities in altcoins, with an expected upside of more than 10 times being no problem. Like + comment, and I'll take you through the entire bull market layout!
