📈 Solana (SOL) bull market three positives exposed, potential exploded!
Solana (SOL) has recently ushered in three positives, which are quietly promoting its market prospects:
1️⃣ Huge positive progress in ETF
Recently, the SEC cancelled the definition of Solana (SOL) as a security in a new document, paving the way for the approval of its ETF. This means that the Solana ETF is expected to be approved like the Bitcoin and Ethereum ETFs. Unlike Bitcoin and Ethereum, Solana does not have the selling pressure of Grayscale Trust lock-up. Any buying after the ETF is launched is real capital entry. This indicates that Solana's performance in the bull market is very worth looking forward to, and the price may even hit $700 to $1,000! At present, most of Solana's data has caught up with Ethereum, but its market value is only 20% of Ethereum, and it has huge room for catch-up.
2️⃣ Pressure on the SEC from the US election
Due to the impact of the US election, the SEC is under considerable pressure. Trump once said that if elected, he would fire SEC Chairman Gensler, which forced the SEC to speed up the approval process for crypto assets. Considering the unexpected approval of the Ethereum ETF, Solana's ETF progress is not groundless, but all this still requires Trump to take office. However, although Trump's approval rating is leading, according to data from 91 research institutions, the lead gap has narrowed to 1.7%, and variables still exist.
3️⃣ Solana Conference and Version 2.0 Update
Another upcoming positive is that the Solana Conference will be held in Singapore on September 20, when there may be heavy positive news released. At the same time, the major update of Solana version 2.0 is in full swing, and it is expected to release a wave of positive news at the conference to drive prices up.
🔥 These three positive factors are injecting strong momentum into Solana's bull market, and future performance is worth looking forward to!
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