Reuters recently reported that the Trump team is considering setting up a government department specifically responsible for cryptocurrencies, which will become the first department in the history of the White House to be involved in the cryptocurrency circle. This will undoubtedly bring huge benefits to Bitcoin. The possibility of Trump including Bitcoin in the national strategic reserve has also greatly increased.
In addition, Trump's media company is negotiating to acquire the crypto exchange Bakkt, which means he is actively entering the crypto field. Moreover, with the support of Musk and Kennedy Jr., combined with Wall Street's Bitcoin ETF, the next four years will be the golden age of the crypto circle.
Can Bitcoin continue to rise?
Bitcoin has now broken through 100,000 USD. Historical trends show that the current bull market is very similar to the previous two bull markets, and it is expected to continue rising in the next year. It is anticipated that on January 20th, when Trump takes office, Bitcoin may reach a peak of 120,000 USD, and in March, with the Prague upgrade of ETH and the release of the Sol ETF results, altcoins will reach a climax.
Ethereum has not fully risen yet, but it is expected to welcome a main wave of increase in February next year, with the increase possibly doubling within two weeks, targeting a price of 4000-5000 USD, and in March it is expected to hit 8000 or even 10000 USD. ETH has currently broken through 3400 USD and is expected to continue rising.
Solana founder Toly released the latest upgrade roadmap, expecting to welcome a key version iteration in the next two to three months, bringing more benefits. Solana ecosystem coins like WIF, Ray, and JTO are worth paying attention to, as they have good potential for future performance.
The news of the Solana spot ETF has shocked the market. Is the bull market engine about to be ignited?
Recently, Fox reporter Terrett revealed that the U.S. SEC is negotiating with the issuer of the Solana spot ETF and has made significant progress. Two insiders disclosed that the applicant may submit the 19B-4 document in the next 1-2 weeks, which will be an important step for ETF approval.
More notably, the Bitcoin ETF approver, Wall Street giant BitWise, has preemptively established a Solana ETF trust in Delaware, and is expected to soon submit an application to the SEC. This forward-looking layout suggests that the giant may have obtained internal information, and the approval probability for the Solana spot ETF has further increased.
Trump's support for the crypto market and changes within the SEC have also injected confidence into the market. SEC Chairman Gensler announced plans to resign on January 20th, the day Trump takes office, which may clear the last obstacle for the Solana ETF. In the short term, the submission of ETF documents may trigger a wave of increase, and the approval window is 240 days, with the Solana ETF results expected to be announced no later than next February or March. During this process, Solana may repeat the surge of the Bitcoin ETF, and may see the largest wave of increase before the results are released.
Currently, Solana's on-chain data is performing strongly, with trading volume doubling in a week, and the price has risen nearly 20% from the 230 USD range. In addition, the on-chain meme coin leader WIF has high potential after a 40% correction and may reach highs of 10 USD or even 20 USD. Now is a key opportunity to capture this wave of bull market by positioning in Solana and its ecological projects!
FTX's restructuring brings benefits, and the altcoin season is approaching!
FTX is expected to start restructuring in early next year, which is a small benefit for Solana, but the real benefit comes from its 16 billion USD repayment. The repayment will be issued in USD, and after retail investors receive the funds, a large portion may return to the crypto space, bringing huge buying pressure and driving the arrival of the second round of altcoin season. Meme coins like Pepe, WIF, and Neiro are worth paying attention to, so stay on the lookout.
Pnut is experiencing a small loss, waiting for Musk to take action!
Pnut is currently positioned in the 1.3 to 1.5 range, with a slight loss, but after Musk speaks, it may see an increase, at which point a reduction in position can be considered.
Regarding other altcoins, Doge has achieved a 4-fold return from 0.1 to 0.4, and small meme coins like Pepe and Neiro also have upward potential. Everyone can pay attention to real-time operations and seize the opportunity!
That's all for today's article. Currently, we are in a bull market with a lot of developments. We share crypto secrets every day. If you are unsure how to navigate the bull market, feel free to follow us for secrets and strategic layouts in the bull market, which can be shared free of charge.
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