The latest developments are here! There is important news about Sol, XRP and Ethereum ETFs. Will they pass? When will the next resolution be?
It’s all over! Something terrible has happened to these two coins. I have already sold all my positions. If I don’t run, I will be doomed!
What are the important updates of Doge, OM, Floki, Ondo and JTO? Let's follow me to see~
First of all, there is some very critical news about Sol, XRP and Ethereum ETF. According to Bloomberg source James, due to Trump's friendly attitude and the replacement of the new chairman of the Securities and Exchange Commission, the Ethereum ETF will be approved for the staking and earning function next year, which will greatly enhance its annualized rate of return and attractiveness. When this news comes out, ETH will definitely rise by more than 10%.
I think that if it is to be passed by the end of next year, Wall Street must submit an application for the pledge function at the beginning of next year. Especially after the new SEC chairman takes office on January 20, I estimate that people like BlackRock will take action. After that is the Prague upgrade in March, so Ethereum should be sprayed at the beginning of next year. Smart money will complete the position before January.
Now back to James' revelation, the spot ETFs of XRP and LTC will probably not be approved at the beginning of next year, but will be delayed until the final deadline at the end of next year. This is because the reason why Bitcoin and Ethereum approved spot ETFs is because they have passed CME options before and have also been approved for futures ETFs, so the approval of their spot ETFs is a natural result, while XRP does not have these preparations.
However, Solana's situation is somewhat special, because its ETF was submitted in June last year, so its final review date will be earlier, and the result must be released in March next year. Then I think that given the change of SEC chairman, the Sol ETF may really be passed, which will be a token of loyalty to Trump by the new SEC.
But I tell you, whether it passes or not, the market will have high hopes for it, so the price of Sol will start to soar in the weeks before the results are released in March, and its Defi leader Ray and local dog leader WIF will also rise as a result.
Then why don’t I talk about JTO? I want to apologize to everyone here. In the last episode, we talked about the upcoming updates of JTO, which is indeed good. But today I went to look at the data and found a fatal problem, that is, this coin will unlock its 135 million tokens in 10 days, which is equivalent to 103% of the current circulation.
Oh my god, do you know what this means? Assuming that its market value remains unchanged, but the supply of tokens doubles, it means that the value of tokens in everyone's hands has been diluted by 50%. Therefore, JTO tokens cannot be kept, the risk is too great, and they should be cleared out quickly. Even the brave ones can short it a few days before the unlocking.
In addition, when it comes to super-large unlocking, I have always emphasized that you must not touch Ondo, because he will also start super-large unlocking in the near future, unlocking 1.9 billion tokens at one time, which is equivalent to 135% of his circulation.
At that time, the value of the coins in your hands will be diluted wildly. I have reminded you more than 5 times in the past few months. Don’t hold Ondo, switch to OM with less selling pressure.
Because RWA real assets on the chain is definitely one of the important narratives of this round of bull market. It is a brand new track. Whether it is Franklin, Morgan or BlackRock, they are all actively deploying the chain of US debt. Look, Wall Street has come in, so the prospects of this track are still quite good. And you can’t hold all local dogs except Ethereum and Solana, right? There must be some coins with practical applications, like Ray, OM and ENS we talked about before, which are all good.
As for OM, we asked everyone to wait in ambush in September, saying that it would be launched on the mainnet later. I still hold this coin now, and it has been two months. The funding rate has eaten up more than half of my income, but it is still considerable. If you didn't get on the train before or took profit at a high point, you can consider taking advantage of this pullback to get on the train. Its support level is around 3u and 3.4, and you can try to place an order around this.
Another coin I am very concerned about is Dogecoin, because Musk will take office as the Minister of Doge on January 20, so Doge will definitely rise sharply in early January. Therefore, I plan to take advantage of this pullback to cover my position. I think it is ideal to buy in the range of 0.34 to 0.37. Of course, if you are aggressive, you can also place a higher order. Even if you are unfortunate enough to encounter a second pullback later, you will be trapped for a few weeks at most, but when Musk takes office, Doge will take off again.
Our Doge ran at 0.41 when the rocket was launched on November 20. Although it did not run at the highest point, 0.41 has quadrupled the entry price of 0.1 that we arranged in advance, and I am very satisfied. In addition, Sui has been very popular recently, and this wave of callback can also be slightly configured. There is good support near 3u. The current price of 3.5 is slightly high. I hope that it can bottom out again and get on the train at 3u. At present, I am still in the wait-and-see stage. However, this coin cannot be heavily invested, after all, it still has a lot of unlocked tokens.
As for WIF, I sold it at 4.6, and then I also called on the community to continue selling it at the second resistance level of 3.9. Now it seems that they were all sold at good prices, so I can take advantage of this pullback to replenish my stock.
Then, in the last episode, we let everyone escape the top of Bitcoin at 98,500. You can look at the price when the program was released, which was 98,000. I said that it might fall to 90,000 or 87,500, and many people still didn't believe it. If you had stopped profit at that time, and then buy at the bottom again now, you can really make a lot of extra money.
You have to know that the bull market is hard-won and every day is very precious, so you must firmly grasp this opportunity to rewrite your life and change your destiny, otherwise if you miss this bull market, you may have to wait another 4 years. I will update these market analysis and the operation points of each currency in real time every day, which can help you significantly outperform the market. Interested babies can come and have a look.
In addition, there is new news about Floki, the dog coin we often talked about before. It announced that its flagship chain game will be postponed to the first quarter of next year. Although this news is not good news now, it means that it will have this huge benefit at the beginning of next year, so everyone can buy Floki back at a low price.
Why do we say it is a new time? Because we are very clear that this coin escaped the top when it was listed on Coinbase on the 21st. We have talked about it both in the square and in the program. At that time, it was still 0.0028, which was a very good exit price.
In addition, the minutes of the Federal Reserve meeting released this week showed that more officials supported gradual interest rate cuts, meaning that if inflation resurfaces, they will pause for one or two rate cuts.
So it can be seen here that the Federal Reserve is actually more hawkish, but the probability of inflation rising under the current high interest rates is not high, so I am not particularly worried.
The probability of the Federal Reserve cutting interest rates at its next meeting on December 19 is still very high, at 61.3%, but a few weeks ago the figure was over 80%, so there are still some concerns in the interest rate market. However, I personally have full confidence in the December rate cut, and the cryptocurrency market will be able to start a new round of upward trend by then. Let's wait and see.
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