Thoughts on WIF’s continuous surge:
1. The main reason is the financial push behind it. The $SOL ecosystem will continue to expand the Ethereum $ETH ecosystem until its current market value has exceeded $PEPE.
2. When the currency price exceeds 1 US dollar, retail investors are not interested. Retail investors like coins with more 0s, such as $PEPE $BOME $SHIB. They fantasize about removing a few 0s. Therefore, the number of retail investors in this currency is compared to other coins with more 0s. Meme coins, not many
3. High degree of market control. Although the market value is close to 4 billion US dollars every day, the transaction volume is less than 400 million US dollars.
4. Based on the second reason above, there are few retail investors, and there are many people who are shorting contracts. There is sufficient fuel, and the number of short sellers accounts for 55%. When these people surrender and start going long, they will start to adjust for a while.
5. As for how much the price will be, who knows. What is beyond $SHIB and the like, only Gouzhuang knows
In short, the $SOL ecosystem is here to support the $ETH ecosystem.
