According to the grapevine, this coin is about to skyrocket. The news is reliable and smart money is buying in!
Bitcoin surges to $100,000, are the whales running away? What important benefits will Sol, ETH, WIF and Bitcoin have in the future? Let's follow Shuqin to find out~
The first is the big news that broke out recently. Fox beauty reporter Terrett said that according to two people familiar with the matter, the US Securities and Exchange Commission (SEC) is negotiating with the issuer of the Sol spot ETF and has made very great progress.
These sources indicate that we will likely see applicants submit 19B-4 documents for ETFs in the next week or two, which would be a qualitative leap.
Just one day before this news came out, BitWise, a Wall Street giant that has already been approved for a Bitcoin ETF, urgently established the Solana ETF Trust in Delaware and is expected to submit its S1 application to the SEC soon.
My God, it was submitted a day before the news came out. This giant might have received some information. Moreover, the revelation at the beginning came from the big media Fox, so Shuqin believes that the Sol ETF is no longer a fantasy, and it is really possible to pass.
Especially since Trump is so supportive of the cryptocurrency industry and even threatened to fire the SEC chairman, the SEC is also panicking and has to change its attitude quickly. I think Sol's ETF is very promising, and it may reach 1,000 in this bull market!
Just this morning, SEC Chairman Gensler announced his resignation plan and will resign on January 20, the day Trump takes office. Now, the last barrier of Solana ETF has been cleared, so the probability of its ETF being approved is really high.
In the short term, institutions are likely to submit SolanaETF's 19B-4 documents in the next two weeks, and there should be a good wave of gains. In the long term, the approval window for SolanaETF is 240 days, and the first ETF application was submitted by Vanda Capital at the end of June this year, so the results of Sol ETF will be out in February or March next year at the latest. Shuqin believes that Sol will soar before the results come out, just like the previous Bitcoin ETF, and that will be its biggest gain, so you must catch this roller coaster of Solana.
In our last episode, we talked about the exceptionally strong data on the Sol chain, with trading volume doubling in a week, and asked everyone to make plans. At that time, it was still in the early 230s, and now it has increased by almost 20%. I wonder if anyone has made plans?
Since Sol will become stronger in the future, the leading local dog coin WIF on its chain is also worth ambush. It has now pulled back by 40%, which is more suitable for entry. It is possible to reach 10u or even 20u next year.
In addition to mainstream currencies, let’s take a look at the huge benefits of Bitcoin, which has risen to the national level.
Now, Reuters has revealed that the Trump team is considering setting up a government department specifically responsible for cryptocurrencies and is actively looking for candidates. If this move is established, it will be the first government department in the White House history specifically responsible for the cryptocurrency circle, which is really impressive. Therefore, Trump has great hope of including Bitcoin in the national strategic reserve.
Not only that, the Financial Times recently revealed that Trump’s media company is negotiating to acquire the crypto exchange Bakkt. This is simply too scary. This is really going to enter the crypto field. What’s more, his aides Musk and Kennedy Jr. are both die-hard supporters of the cryptocurrency circle. With these people escorting Bitcoin, and Wall Street can also start to enter the cryptocurrency circle in a big way through the Bitcoin ETF, so the next four years will definitely be the most brilliant moment for the cryptocurrency circle. This is the outlet, you have to seize it to change your own destiny.
Now that Bitcoin has risen to $100,000, can it rise further? Well, history has already given us the answer. See the picture.
The current trend of Bitcoin in the black line is exactly the same as the previous two rounds of bull markets. Both started the main upward trend in October, and now the bull market process has just gone halfway, with another year of bull market in the future. As we have seen in the previous two cycles, the price will continue to rise at this time point, and the increase is really not small.
I predict that Bitcoin will reach a high point on January 20 when Trump takes office, about $120,000. Then in March, when Ethereum Prague upgrades and Sol ETF results are released, it should be the peak of altcoins. However, there should be 1-2 big pullbacks in the meantime, so don't be too aggressive, we should win by playing it safe!
For example, although Ethereum is not rising now, when it comes to the main upward trend, it can double in two weeks. This was the case in the first two cycles. So if Ethereum is 4,000 or 5,000 in February next year, it may reach 8,000 or even 10,000 by March.
We bought ETH at the support level of 3060, and now it has reached the resistance level of 3400. I think it will continue to rise after consolidation. We sold Floki at 0.028, but now that Dogecoin is rising again, other small dogs such as Pepe and Neiro will also see a wave of gains. We started to invest in Doge at 0.1, and it has quadrupled by 0.4. It has been pulled back and is now heading for 0.5. We publish all operations in real time. If you are interested, you can take a look.
In addition, FTX has new news now, and it is expected to start restructuring early next year. This is a small benefit for Sol, but its real big benefit comes from its $16 billion repayment, which should also be issued at that time, and it will issue US dollars instead of cryptocurrencies.
My God, just think about it, this 16 billion US dollars will be returned to the retail investors in the cryptocurrency circle. After they get the money, at least half of them will return to the cryptocurrency circle to buy, buy, and buy. This buying pressure is simply terrifying, so that time should be the time when the real copycat season begins. Pepe, WIF, Neiro and other local dog coins can lie in ambush and wait for the arrival of the second round of copycat season.
I don't know if this weirdo Pnut has taken laxatives. We entered the market at 1.3 and 1.5. Now it is at 1.3, with a small floating loss. When Musk calls him, he will get up and we can reduce our positions accordingly.
In addition, Solana actually has another positive thing, that is, its founder Toly released Solana's latest upgrade roadmap, which is very unique, meaning to increase bandwidth and reduce latency. In fact, the content itself is not important, the key is that it is about to upgrade, right?
Since its founder has already released an update preview, it is likely that the major version will be released soon. So you should really keep an eye on Sol, as there are a lot of positive news to look forward to in the next two or three months. You can also keep an eye on its on-chain eco-coins WIF, Ray, and JTO, as they are expected to perform well.
Finally, don’t forget to follow us, let’s achieve financial freedom together in this bull market, come on!
