Progress on sol ETF:
Usually, after the ETF application is submitted, the SEC has up to 240 days to make a final decision, so we can expect to see the approval results for the Solana ETF by March 2025.
The advantages of sol are:
1. The Trump administration will ease cryptocurrency regulations
2. The sol chain is, after all, a favorite of the U.S.
The disadvantages are:
Sol is just too centralized, making it difficult to meet the definition of a commodity future.
Personally, I believe that given sol's current nature, the probability of passing the ETF is low.
Moreover, just like eth, even if it passes, the actual financial support may be limited afterwards.
Of course, before the formal approval, there’s always an opportunity for speculation. This usually means good news.
On-chain data shows that Solana's total TVL is second in the entire network, one-eighth of Ethereum's, but the number of active addresses is first in the entire network, 11 times that of Ethereum, and the 24-hour trading volume is almost on par with Ethereum, with very little difference.
Although ETH has rebounded strongly in recent days, in this bull market, I believe Sol has a good chance of breaking 1000. However, it’s really hard to say about ETH.
Sen Ge is planning to build a community for meme coins and golden dogs. If you have ideas, leave a comment below: 1
Tenfold or hundredfold is not just talk
It depends on whether you can seize the opportunity. Sen Ge has already spotted several golden dogs that are about to tenfold, opportunities do not come every day, first come, first served.
