Solana Spot ETF Up in the Air
Wall Street giant Vanda has officially submitted the S1 document for Solana spot ETF, and this is not groundless. Vanda has successfully passed the application for Ethereum spot ETF before, and its Bitcoin ETF has also been approved. Therefore, the application for Solana spot ETF is definitely not a show. Once approved, other giants may follow suit and apply, and each application will trigger a surge in Solana.
From the candlestick chart, Solana has reached the bottom after three previous pullbacks and has broken through the downward trend line, and is expected to rise to around $170 in a few weeks. Bloomberg analysts expect the final decision to be made in March next year, during which other institutions may apply for ETFs one after another. Wall Street market maker GSR is high-profile and insists that the ETF will be approved, and giant Pantera has also entered the market. Solana has the protection of these giants and has great potential. The on-chain ecological currency WIF is also worth appropriate layout.
Justin Sun adds a large amount of Floki
Justin Sun recently quietly bought 300 million Floki, and his current holdings have reached 3.7 million US dollars. Justin Sun is not a casual investor. He bought Floki before it exploded last time, and it eventually rose 10 times. This time he increased his holdings again, which is worth our attention. Proper allocation of Floki may bring good gains.
ARB is about to undergo a qualitative change
ARB, the leader of Layer 2, has made a big move recently. The staking service provider proposed to distribute 50% of the sorter's profits to token holders, which means that token holders will receive 7% of staking income every year. This proposal will be voted on in mid-to-late July. If passed, the popularity of ARB will increase significantly. In addition, the Ethereum ETF will also be listed, and ARB has a promising future.
KAS welcomes good news
There is also good news for KAS, which has been silent for a long time. Marathon, a Nasdaq-listed mining company, will start its mining business. As a POW public chain, KAS has powerful performance and a famous founder. It has always performed well, and its long-term trend can be paid attention to.
Bitcoin capital flows change
The capital flow of Bitcoin has changed from net outflow to net inflow. The average transaction price of short-term holders is higher than that of medium-term players, which represents demand and buying. Bull markets usually experience five selling pressure peaks. This is the fourth time, and the fifth is expected to occur next summer.
Judging from the data of long-term players, the floating profit ratio in each cycle turns from green to blue. The first two times took 98 days and 69 days respectively. This round has been fluctuating for 96 days, and the bull market may start at any time.
The arrival of the bull market
After experiencing many rounds of bull and bear markets, the bull market always comes quietly, rising slowly, and then suddenly the good news accelerates, those who have not bought rush to buy, Wall Street shouts orders, and it ends after a continuous rise for several months. Cherish the current profit opportunities and hoard coins for the big bull.
Now is the critical period for layout, don't miss this wave of market. Take advantage of the market correction and seize the opportunity, the future returns will be amazing!
