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Solana is about to launch a major technological iteration, and the 2.0 version test network has been launched. Is the highlight moment of the Sol ecosystem coming?
Banana is listed on Binance. Who will be listed on Binance next? I am most optimistic about it!
It never ends! Following the selling pressure from Germany and Mentougou, another institutional compensation is about to hit the market. So what major events are happening in the market now? Let's follow Shuqin to find out.
First of all, the entire Solana ecosystem is about to usher in a highlight moment.
![](https://public.bnbstatic.com/image/pgc/202407/02de2c4e53536138267c75db514a5e15.png)
Just recently, the Solana 2.0 testnet has been quietly launched on GitHub. This will be a very large version iteration. You see, it uses 2.0, and the previous updates have always been around 1.1, so this time it is really exciting.
Let’s take a look at the grand occasions of Ethereum’s previous annual version upgrades, which basically ended with a doubling of the value.
![](https://public.bnbstatic.com/image/pgc/202407/e943df9f260de3c553173358b503ee50.png)
As you can tell from the version number of Solana this time, they have even released 2.0, so they are definitely determined to push up the price this time.
Now that the test network has just been released, we are still in the process of preparation. There is no specific upgrade time or update content yet, but I think there will be a clearer roadmap in the next few weeks.
In addition to Sol itself, we can also buy several of its main ecological coins on dips, such as the leading local currency WIF, the leading Defi transaction Ray, and the leading DePin IO.
![](https://public.bnbstatic.com/image/pgc/202407/c176dcfae4514b46a8b4e3f9c5209f12.png)
Hey, many babies may have discovered a new face named Ray.
This project is indeed very powerful. Thanks to the Bitcoin craze on the Sol chain, its profit data, whether calculated on a monthly, weekly or 24-hour basis, crushes Uni and ranks third among all blockchain projects.
![](https://public.bnbstatic.com/image/pgc/202407/e351e9e85647cf208422772c70ad9143.png)
This is a very terrible result.
Its market value is barely 1 billion, which is really underestimated compared to Uni's 8 billion.
![](https://public.bnbstatic.com/image/pgc/202407/a1fd15e1649415dd3d2e661ce484c21f.png)
In fact, the weekly Defi transaction volume of these two protocols is not much different, one is first and the other is second. You should know that Uni's transaction volume is the sum of all its transactions on 12 chains, while Ray can reach this amazing number only on Sol, and its market value is only one-tenth of Uni's, so this coin is really worth paying attention to.
![](https://public.bnbstatic.com/image/pgc/202407/39c23c16e13101bced3238c46ef1d6aa.png)
However, it has risen a lot today and has a large room for a correction, so it will not be too late to enter the market after it corrects by 5%-10%.
But don’t be happy too soon. After the two major negative impacts of the German sell-off and the Mt. Gox repayment, the cryptocurrency market is now welcoming the repayment from BlockFi. It is estimated that nearly $1 billion worth of coins will flow into the market.
![](https://public.bnbstatic.com/image/pgc/202407/23a8b8184ab174231a5b0d96bd46d13d.png)
These coins have been transferred to Coinbase and will be slowly returned to users in the next one or two months.
Fortunately, the amount is not large, and it is not like Mentougou, which has increased hundreds of times. Therefore, most retail investors will continue to hold the coins after receiving them and wait for the bull market.
When it comes to Binance listing, many people are guessing which coin Binance will list next. Shuqin is also thinking about it every day. I think the coins listed on these mainstream exchanges are relatively similar, so you can look at other ones as a reference.
![](https://public.bnbstatic.com/image/pgc/202407/01a3d73b651fa6deeb146b62f0ec1ba1.png)
There are 3 coins listed on many mainstream exchanges, but not on Binance. I think the chances are quite big. The logic of exchanges listing coins is to list the coins with high popularity.
This makes people wonder, will Binance’s next meme coin include the following three?
Because these three coins have a lot of fans, Brett has the largest market value among them. He is the leader of local dogs on the Base chain, with a current market value of 1.3 billion, and his peak market value was 2 billion. So even if we put aside the rules of coin listing, his own conditions are strong enough, and the probability of him being listed on Binance is still quite high.
From the perspective of Meme culture, Brett is Pepe's friend in the comics, so he has a legitimate reason to be a teacher. The other two cat coins also have a market value of 600-700 million, so the probability of these three projects being listed on Binance in the future is quite high. Even if they don't get listed in the end, they will rise normally with the local dog sector, which is also okay.
However, as far as I know, these big exchanges usually list coins when the market is good, especially the local dog sector. They will list one or two coins every time the market is good, thereby stimulating the entire Meme coin market to take off, and at the same time the trading volume surges. This is a win-win situation for exchanges and retail investors, so don't be anxious, they will list other Meme coins only when the market picks up.
Speaking of the local dog sector, WIF has been in the limelight recently. When Vanda launched Solana ETF two weeks ago, we urged everyone to buy the dip, and now Sol is about to release 2.0 upgrade, so WIF's future performance is also very exciting. We have made a lot of floating profits in this wave.
![](https://public.bnbstatic.com/image/pgc/202407/0b46cc382d0fb6f00b69a9cff463b6eb.png)
Solana is similar to our previous analysis and has successfully reached the resistance zone of 168. This kind of trading opportunity is a good way to make money.
![](https://public.bnbstatic.com/image/pgc/202407/c2c6452c85e3fcd35648a90e638e7305.png)
In addition, Pendle fell a lot due to the SEC's prosecution of the pledge sector Lido and RPL. At that time, I gave everyone an example that Uni also fell a lot after being sued, but then it would usher in a V-shaped rebound, so I also encouraged everyone to buy the bottom of 3u Pendle. Now it has indeed rebounded, this is all based on experience!
Shuqin will publish these operations and analysis of each currency in real time every day, allowing you to catch various market hot spots in advance. Those who are interested can come and have a look.
Okay, let’s continue.
Finally, let’s take a look at the situation of Bitcoin, which is very good.
His ETF has achieved net inflows for 10 consecutive days, with various Wall Street funds rushing in and buying every day.
![](https://public.bnbstatic.com/image/pgc/202407/e7ce720645a4ac2653fc79c894cefd6d.png)
Some people always say that they are shorting the market, not letting you buy at the bottom, and asking you to wait for 40,000 bitcoins, missing the best time to enter the market. And now they are still waiting, waiting for 50,000 bitcoins, so they are likely to miss out, and those who are shorting the market will be even worse.
As for us, we are quietly hoarding coins, because we old hands in the cryptocurrency circle all have faith.
No matter how much the cryptocurrency market falls, it will eventually rise again. It is just a matter of time. Any sharp drop is the best opportunity to cover your position.
I see Bitcoin reaching 100,000 this year, and I expect it to reach 150,000-200,000 next year. Sol may reach 300 this year, and 500-750 next year. After all, it is really good, and many data can compete with Ethereum.
Finally, don’t forget to like and follow us, let’s achieve financial freedom together in this bull market!
^_^