The shadow of the sell-off in the German market is about to dissipate, and rumors of the Federal Reserve's loose policy are rising again. All the mysteries will be revealed one by one from my perspective.
First of all, the Chicago Board Options Exchange officially submitted an application for Vanda and 21 Shares' Solana ETF to the U.S. Securities and Exchange Commission, which undoubtedly sent a bombshell to the industry.
1. In the past, the application for Solana ETF was mostly led by the financial giant Vanda, but now the participation of 21 Shares has undoubtedly added more color to this feast. Behind the name 21 Shares is the in-depth cooperation with industry giants such as Ark Fund. At the beginning of the year, it joined hands with BlackRock to launch the Bitcoin ETF. Its influence cannot be underestimated. This cooperation marks the further expansion of the Solana ETF application camp. Every time an institution joins, it is a strong endorsement of the value of Solana.
2. With the formal submission of the ETF application, a clear time window has also opened. Generally speaking, this approval process takes about 240 days, that is, until the early spring of next year. At that time, it is the critical node of the bull-bear transition in the crypto market. If Solana's ETF can be successfully approved, it will undoubtedly inject a strong spring breeze into the market and push its price to a new high.
3. Solana's own performance is also remarkable. Its 24-hour trading volume frequently surpasses Ethereum, and its seven-day total trading volume is even equal to the latter, firmly sitting at the top of the cryptocurrency trading volume list. This is not just a string of cold numbers, but also the market's deep recognition of Solana's potential and value.
We have reason to believe that Solana's potential has not been fully tapped. In the future bull market, its price is expected to break through many obstacles and reach the glorious height of 700 or even 1,000 US dollars. As for WIF, another highlight in the Solana ecosystem, as the leading on-chain dog, it deserves proper attention, but remember not to bet heavily. After all, a decentralized strategy is the only way to withstand the storm and move forward steadily.
Let's talk about Pepe. Its unique ups and downs cycle and clear bottom signals provide us with valuable operational guidance. Every time it pulls back to the 50%-60% range, it is often a great time to enter the market. After several weeks of consolidation, Pepe coin is expected to usher in explosive growth again, and the next wave of gains is expected to reach a new high of 0.025 to 0.03 US dollars.
Especially when the Ethereum ETF is about to be issued, it is particularly important to seize this opportunity. As a rising meme star in this cycle, Pepe's subsequent hype potential should not be underestimated. Recently, a whale's move has attracted attention. He spent 80 million US dollars (equivalent to nearly 500 million RMB) to increase his holdings in Pepe. This big move not only demonstrates his profound vision, but also coincides with my personal strategy.
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