#sol 🔥⚡️⚡️🔥
Major good news is coming📊
At present, the market value of SOL is as high as nearly 71 billion US dollars, once again surpassing BNB, and strongly jumped to the fourth place, closely following BTC, ETH and USDT!
The Brazilian Securities and Exchange Commission approved the first Solana spot ETF, and it will be traded on the B3 exchange in just 3 months. This is undoubtedly the beginning of a storm!
SOL/ETH hit a new record high, breaking through the previous high of 0.0591 in March! This is enough to prove that SOL's recent overall increase has left ETH far behind. It can not only become a key indicator for us to judge the strength of the transaction, but also an excellent opportunity for arbitrage transactions. For example, in the short term, decisively buy SOL first, and short/sell ETH with the same position. When the exchange rate rises too much in the later period, buy ETH immediately and short/sell SOL with the same position!
Top traders claim that when we look back at the 2023-2024 cycle, everyone will unanimously call it the SOL supercycle. Looking at the price action, it is almost the only major currency that has achieved a substantial repricing relative to any trading pair on a high time frame, which is really the leader!
