Today let's talk about ETFs. Currently, there are two ETFs, which are Bitcoin and Ethereum. From a compliance perspective, Bitcoin's fork coin BCH and Ethereum's fork coins ETC and ETHW are also the biggest beneficiaries after the ETFs are approved.
At present, ETHW spot has not yet been listed on Binance. Currently, there are ETHW mining and contracts, so it will be a matter of time before it goes live.
Right now, there are many voices in the market discussing the ETF issue on SOL. Currently, SOL's market cap is relatively large, making compliance uncertain.
The most compliant option at the moment is XRP. As an established altcoin, Ripple has already proven itself in the lawsuit with the SEC as a blockchain, so it is highly likely that the third ETF will be XRP.
Like the older altcoins LTC and DOT, although they have their own market layouts, their popularity is limited, and their empowering energy is insufficient, so their coin prices have not performed well.
Since its listing, SOL has already increased four to five times, but where do all these hundredfold coins come from? It's all speculation, and the potential for further increases is limited.
Currently, Bitcoin's trend is still very strong, and volatility is high, proving that there is no shortage of money in the market. The frequent shifts between long and short positions indicate derivatives trading.
At this time, it is necessary to invest in some altcoins that haven't surged much yet but have value and can attract significant capital, as the potential for price increases will be greater, and the returns will also be high.
The bull market for altcoins has just started. Hold your low-priced chips well and befriend time; time will bring you high returns.
Ethereum, the king of altcoins, is now in a primary upward wave, with the first target at 6,500 and the second target at 10,000. No hindsight commentary.