#sol #川普勝選solETF成真機率大 $SOL
Buy before the results of the US presidential election on November 5th is #聰明錢
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SOL has suddenly become popular recently, mainly due to the return of Trump-related trading that has swept Wall Street. Stocks and cryptocurrencies related to this concept have seen significant gains.
So what does SOL have to do with Trump? Why are smart investors buying it? This is mainly because if Trump comes to power, the third ETF related to SOL is likely to be approved, as Trump is more crypto-friendly and has even claimed he would fire the current SEC Chairman Gensler and replace him with someone more supportive.
Moreover, the first and second ETFs have been approved, and Wall Street's focus is now on SOL, especially among several trillion-dollar giants on Wall Street, which submitted applications for Solana's spot ETF as early as June, including firms like VanEck and 21Shares, which have already had Bitcoin ETFs approved. Thus, Wall Street has been keeping a close eye on SOL's ETF, and even the CEO of VanEck has publicly stated that they knew the chances of SOL's ETF being approved at that time were not very high, but they still submitted it because they wanted to take a gamble on Trump's victory, which could turn things around.
Trump has also been very supportive, with his poll numbers skyrocketing, and with Musk's involvement, the market is filled with confidence. Consequently, SOL has suddenly become a market darling, feeling its strength. It is expected that SOL will maintain its popularity until the election, and looking at SOL's candlestick chart, its major resistance is at 200, while it's also worth noting the descending trend line at 183, which is the position to consider exiting in the medium to short term.
Now let’s take a look at the recent trading volume data of major public chains. Solana's trading volume has recently surged dramatically, with a 40% increase in weekly on-chain transaction value, reaching $14.7 billion, which is nearly double that of the former leader Ethereum. As a result, SOL has risen by 20% this week, not just for show but with intrinsic value support, given that the transaction volume has increased by 40%.
SOL has seen quite a rise recently; I believe it would also be wise to invest in WIF, which shares the same ecosystem, as it is steadier. Additionally, as a lesser-known token, WIF has greater price fluctuation potential. More importantly, it has undergone a significant correction, making it a good entry point rather than chasing the highs like SOL. Given SOL's momentum, both $2.2 and $2 are excellent entry points, and you can hold WIF's spot confidently.
So what does SOL have to do with Trump? Why are smart investors buying it? This is mainly because if Trump comes to power, the third ETF related to SOL is likely to be approved, as Trump is more crypto-friendly and has even claimed he would fire the current SEC Chairman Gensler and replace him with someone more supportive.
Moreover, the first and second ETFs have been approved, and Wall Street's focus is now on SOL, especially among several trillion-dollar giants on Wall Street, which submitted applications for Solana's spot ETF as early as June, including firms like VanEck and 21Shares, which have already had Bitcoin ETFs approved. Thus, Wall Street has been keeping a close eye on SOL's ETF, and even the CEO of VanEck has publicly stated that they knew the chances of SOL's ETF being approved at that time were not very high, but they still submitted it because they wanted to take a gamble on Trump's victory, which could turn things around.
Trump has also been very supportive, with his poll numbers skyrocketing, and with Musk's involvement, the market is filled with confidence. Consequently, SOL has suddenly become a market darling, feeling its strength. It is expected that SOL will maintain its popularity until the election, and looking at SOL's candlestick chart, its major resistance is at 200, while it's also worth noting the descending trend line at 183, which is the position to consider exiting in the medium to short term.
Now let’s take a look at the recent trading volume data of major public chains. Solana's trading volume has recently surged dramatically, with a 40% increase in weekly on-chain transaction value, reaching $14.7 billion, which is nearly double that of the former leader Ethereum. As a result, SOL has risen by 20% this week, not just for show but with intrinsic value support, given that the transaction volume has increased by 40%.
SOL has seen quite a rise recently; I believe it would also be wise to invest in WIF, which shares the same ecosystem, as it is steadier. Additionally, as a lesser-known token, WIF has greater price fluctuation potential. More importantly, it has undergone a significant correction, making it a good entry point rather than chasing the highs like SOL. Given SOL's momentum, both $2.2 and $2 are excellent entry points, and you can hold WIF's spot confidently.
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