I see this news X that the Solana ETF will happen soon but with this news it is certain that SOL will rise for starters this is no different with BTC and ETH.There's no mistaking that $SOL immediately made a high pole, this is a sign that many people were carried away by the latest news from Solana and Solana's volume immediately increased but it couldn't beat BNB's volume.
So this is just a proposal hopefully closer.
I haven’t seen any news regarding that. I wasn’t able to see anything or even really understand what has happened with Solana. I have read the ETF for Ethereum, but not yet on SOL. Those are just rumours From what I have seen.It is still in the filing stage, and there are now 2 filings underway with different institutions, the SEC and the TSX[1][2]. So we have 2 opportunities simultaneously and I hope their effects don't conflict with each other when we get different approval results.
I came across another article on cointelegraph that Solana ETF will only possible after a chane in POTUS (https://cointelegraph.com/news/solana-etf-possible-change-united-states-president). The election will be held in November and if Trump wins then there are possibilities that the ETF gets approved by the SEC. Looks like the market has taken the news positively and SOL is up by 6% today.There is a lot of news reporting that an Altcoin season will be seen after the presidential election. There is a possibility of an Altcoin season like what happened in 2021 if Donald Trump is elected president, but if instead Joe Biden is elected, it seems like it will be difficult.
Just because of this one picture, Solana and the Solana ecosystem immediately pumped and many people thought that the Altcoin season had come when Ethereum was accepted by the ETF, all the meme tokens on the Ethereum network increased and now it's Solana's turn.
What do you think, is this interesting enough to discuss?
If this really happens, there is a possibility that the price of Solana can catch up with the price of BNB. Demand from investors continues to rise and, in addition, demand from people who want to own $SOL, supply on the market continues to decrease. Meanwhile, this increasing demand will trigger the price of $SOL to increase, after which developers from Solana must find a way to maintain the community's trust in Solana.Just because of this one picture, Solana and the Solana ecosystem immediately pumped and many people thought that the Altcoin season had come when Ethereum was accepted by the ETF, all the meme tokens on the Ethereum network increased and now it's Solana's turn.
What do you think, is this interesting enough to discuss?
Alot of degens enjoy Solana because it's now a place where people make money from meme, this is now a perfect way for them to make money and seeing ETF news is one way for them to milk each other liquidity.
The ETF itself I think will bring a lot of confidence to solana investors because the previous incident of FTX is drawing back some people intention to hold sol for long term but the way ETF approval is coming, it will increase more demand not just from investors but from other people that want to have Solana ETF for stock investors, it's going to erase the bad things that Solana has face over the years as a result of FTX saga.
If this really happens, there is a possibility that the price of Solana can catch up with the price of BNB. Demand from investors continues to rise and, in addition, demand from people who want to own $SOL, supply on the market continues to decrease. Meanwhile, this increasing demand will trigger the price of $SOL to increase, after which developers from Solana must find a way to maintain the community's trust in Solana.
Then it looks very unlikely for Solana to pass BNB but with this news Solana holders are a little happy because the future of Solana has started to look good even though the problems in Solana have not yet been resolved if the Solana network problems and power outages can be resolved this could be good news too and could make SOL prices increase.If this really happens, there is a possibility that the price of Solana can catch up with the price of BNB. Demand from investors continues to rise and, in addition, demand from people who want to own $SOL, supply on the market continues to decrease. Meanwhile, this increasing demand will trigger the price of $SOL to increase, after which developers from Solana must find a way to maintain the community's trust in Solana.
You should think in terms of marketcap and not in price terms.
Bnb marketcap is now 83 billion against 64billion for Solana.
For Solana to reach the bnb price it would need to increase by 4x its size, almost as big as ethereum marketcap, which etf was announced but not being traded yet
If this really happens, there is a possibility that the price of Solana can catch up with the price of BNB. Demand from investors continues to rise and, in addition, demand from people who want to own $SOL, supply on the market continues to decrease. Meanwhile, this increasing demand will trigger the price of $SOL to increase, after which developers from Solana must find a way to maintain the community's trust in Solana.
According to the latest news I read, there were two applications to launch the 'Solana' ETF in the US by VanEck and 21Shares just a few days ago.I hope Solana's mistakes and failures in the past will not be repeated and hopefully after this news Solana can improve and continue to increase high mobility.
VanEck is the first company in the United States to apply to launch a Solana ETF and is one of the first ETF issuers in the United States.
Solana's price is likely to rise if approval is obtained, but I do not think it will rise much. Basically, the Solana network has suffered failure in the past, and I do not know whether it will obtain approval or not, but despite all that, this is good news for Solana.
I hope Solana's mistakes and failures in the past will not be repeated and hopefully after this news Solana can improve and continue to increase high mobility.Yes, this is true, although Solana is known for its speed and high processing capacity, but it also suffered from the instability of its operations, as the BlockChain (Solana) faced malfunctions, block production stopped, and service interruptions twice, not once.
Competition between Blockchain will continue to increase and Flexibility will continue to grow so if Solana cannot keep up with the continued development of Blockchain technology there may be someone who shifts Solana from the current ranking.
Yes, this is true, although Solana is known for its speed and high processing capacity, but it also suffered from the instability of its operations, as the BlockChain (Solana) faced malfunctions, block production stopped, and service interruptions twice, not once.If the SOL Spot ETF is approved, we will see an explosion in trading volume on the Solana network and bring Solana to unsustainable edge conditions and possible outages. I hope the Solana Devteam is ready for this case and does not disappoint the community.
If the Solana ETF obtains approval, it is expected that transactions on the network will increase significantly, so they must develop the network and ensure that problems do not reoccur in the future.
not until this happens , I will not expeculate much because like what happened in bitcoin that took how many years after announcements like this ?
(https://i.ibb.co.com/NyVc7ZL/IMG-20240627-214834-359.jpg)
What do you think, is this interesting enough to discuss?
I also hope that whatever decision is made by the ETF regarding Solana's submission, I hope it is the best decision for Solana and Solana must be ready to accept the decision made by the ETF, I really hope Solana can be accepted by the ETF.I hope Solana's mistakes and failures in the past will not be repeated and hopefully after this news Solana can improve and continue to increase high mobility.Yes, this is true, although Solana is known for its speed and high processing capacity, but it also suffered from the instability of its operations, as the BlockChain (Solana) faced malfunctions, block production stopped, and service interruptions twice, not once.
Competition between Blockchain will continue to increase and Flexibility will continue to grow so if Solana cannot keep up with the continued development of Blockchain technology there may be someone who shifts Solana from the current ranking.
If the Solana ETF obtains approval, it is expected that transactions on the network will increase significantly, so they must develop the network and ensure that problems do not reoccur in the future.
I also hope that whatever decision is made by the ETF regarding Solana's submission, I hope it is the best decision for Solana and Solana must be ready to accept the decision made by the ETF, I really hope Solana can be accepted by the ETF.
The discussion around Solana's ETF prospects is interesting. While the current sentiment may not favor Solana due to the dominance of Ethereum ETFs, it’s worth noting that the landscape can change quickly, especially with potential shifts in administration and market dynamics. The delay might actually work in Solana’s favor, giving it time to strengthen its position and offer a compelling case when the market is more receptive. So, let’s stay optimistic—2025 could be the year Solana surprises us all! 🌞I also hope that whatever decision is made by the ETF regarding Solana's submission, I hope it is the best decision for Solana and Solana must be ready to accept the decision made by the ETF, I really hope Solana can be accepted by the ETF.
Right now, the talks on Solana ETFs seems to be dying down most especially with the current performance of Ethereum ETFs. I am sure the market is not yet ready for the third ETF to be approved and SEC is not anymore excited with this proposal after it approved ETFs for both Bitcoin and Ethereum. Now, of course, those pushing for this will not stop until it is coming true and they are just resting for now recognizing that the timing is not right. Maybe they can resurrect this proposal in 2025 most especially if there will be a new administration in the White House.
It should have a positive impact on Solana's price movement on the exchange. But we must know that Solana is a new digital currency platform and still needs to develop better. We can see how Ethereum's journey to being accepted into an ETF took a long journey and a lot of effort. I really hope that Solana developers are serious about this ETF so that Solana will be better known and of interest to many people.I also hope that whatever decision is made by the ETF regarding Solana's submission, I hope it is the best decision for Solana and Solana must be ready to accept the decision made by the ETF, I really hope Solana can be accepted by the ETF.I hope Solana's mistakes and failures in the past will not be repeated and hopefully after this news Solana can improve and continue to increase high mobility.Yes, this is true, although Solana is known for its speed and high processing capacity, but it also suffered from the instability of its operations, as the BlockChain (Solana) faced malfunctions, block production stopped, and service interruptions twice, not once.
Competition between Blockchain will continue to increase and Flexibility will continue to grow so if Solana cannot keep up with the continued development of Blockchain technology there may be someone who shifts Solana from the current ranking.
If the Solana ETF obtains approval, it is expected that transactions on the network will increase significantly, so they must develop the network and ensure that problems do not reoccur in the future.
It should have a positive impact on Solana's price movement on the exchange. But we must know that Solana is a new digital currency platform and still needs to develop better. We can see how Ethereum's journey to being accepted into an ETF took a long journey and a lot of effort. I really hope that Solana developers are serious about this ETF so that Solana will be better known and of interest to many people.Actually, for a new network and coin, Solana's development and progress have been very good. They have made significant progress, because of that, they were able to advance to the top 5 quite quickly. And their market cap has also increased significantly, competing with BNB.
It should have a positive impact on Solana's price movement on the exchange. But we must know that Solana is a new digital currency platform and still needs to develop better. We can see how Ethereum's journey to being accepted into an ETF took a long journey and a lot of effort.Yes, this is true, but at the same time, Ethereum getting approved was good and a prelude to facilitating other similar coins getting ETF approval. I expect that if Ethereum hadn't gotten this approval, it would have been very difficult for Solana or others to get approved, even if they had great potential.
Yes, this is true, but at the same time, Ethereum getting approved was good and a prelude to facilitating other similar coins getting ETF approval. I expect that if Ethereum hadn't gotten this approval, it would have been very difficult for Solana or others to get approved, even if they had great potential. So I expect that it might not take as long as Ethereum's ETF approval.
After Bitcoin (BTC) and Ethereum (ETH), Solana (SOL) based exchange-traded funds (ETF) are under the limelight. SOL-based ETFs were just approved by Brazil’s Securities and Exchange Commission (CVM).
Your analysis is very accurate. If the price of Solana and other cryptocurrencies rises significantly, especially when investor demand is increasing, it could cause a supply crunch in the market. Such situations often lead to price increases. Also, an important aspect for Solana and other projects is maintaining the trust of their communities. Community trust and support is crucial, as it plays a key role in the long-term stability and growth of the project.If this really happens, there is a possibility that the price of Solana can catch up with the price of BNB. Demand from investors continues to rise and, in addition, demand from people who want to own $SOL, supply on the market continues to decrease. Meanwhile, this increasing demand will trigger the price of $SOL to increase, after which developers from Solana must find a way to maintain the community's trust in Solana.Just because of this one picture, Solana and the Solana ecosystem immediately pumped and many people thought that the Altcoin season had come when Ethereum was accepted by the ETF, all the meme tokens on the Ethereum network increased and now it's Solana's turn.
What do you think, is this interesting enough to discuss?
Alot of degens enjoy Solana because it's now a place where people make money from meme, this is now a perfect way for them to make money and seeing ETF news is one way for them to milk each other liquidity.
The ETF itself I think will bring a lot of confidence to solana investors because the previous incident of FTX is drawing back some people intention to hold sol for long term but the way ETF approval is coming, it will increase more demand not just from investors but from other people that want to have Solana ETF for stock investors, it's going to erase the bad things that Solana has face over the years as a result of FTX saga.
Your analysis is very accurate. If the price of Solana and other cryptocurrencies rises significantly, especially when investor demand is increasing, it could cause a supply crunch in the market. Such situations often lead to price increases. Also, an important aspect for Solana and other projects is maintaining the trust of their communities. Community trust and support is crucial, as it plays a key role in the long-term stability and growth of the project.
Now without us realizing the strength of Solana when holding prices caused by Bitcoin that occurred two weeks ago Solana only decreased by around $50 and now it has returned to $144 maybe at the end of this week it can go to $150 again, this is proof that more and more people are interested in Solana.It should have a positive impact on Solana's price movement on the exchange. But we must know that Solana is a new digital currency platform and still needs to develop better. We can see how Ethereum's journey to being accepted into an ETF took a long journey and a lot of effort. I really hope that Solana developers are serious about this ETF so that Solana will be better known and of interest to many people.I also hope that whatever decision is made by the ETF regarding Solana's submission, I hope it is the best decision for Solana and Solana must be ready to accept the decision made by the ETF, I really hope Solana can be accepted by the ETF.I hope Solana's mistakes and failures in the past will not be repeated and hopefully after this news Solana can improve and continue to increase high mobility.Yes, this is true, although Solana is known for its speed and high processing capacity, but it also suffered from the instability of its operations, as the BlockChain (Solana) faced malfunctions, block production stopped, and service interruptions twice, not once.
Competition between Blockchain will continue to increase and Flexibility will continue to grow so if Solana cannot keep up with the continued development of Blockchain technology there may be someone who shifts Solana from the current ranking.
If the Solana ETF obtains approval, it is expected that transactions on the network will increase significantly, so they must develop the network and ensure that problems do not reoccur in the future.
In my personal opinion, I think it is too early to apply this solana to ETF. It does not mean that the solana became noisy again this early this year; that is the basis for applying immediately, and it has the potential to be approved in the ETF. In fact, the only reason why SOL exploded again is because there were meme coins under the Sol network that became successful.If you think it is too early, how long we need to wait for Solana to be accepted in ETF spot? In my humble opinion, it is not too early but SEC seems to be more careful to approve other altcoins ETF spot. Moreover, Solana still can't reach the level of Bitcoin and Ethereum as the king/queen of crypto coins. It is normal if the approval of Solana ETF spot is harder and take a longer time.
Just because of this one picture, Solana and the Solana ecosystem immediately pumped and many people thought that the Altcoin season had come when Ethereum was accepted by the ETF, all the meme tokens on the Ethereum network increased and now it's Solana's turn.The more acknowledged the business by various financial institutions, the more Cryptocurrency is trusted by investors. Investors now many people believe in Solana's coins because Solana has begun to be glimpsed and will be accepted by ETF (or has been received by ETF?). Maybe the point is that if coin A is increasingly accepted in various communities of financial institutions, the higher the trust and good for hold as a long -term investment asset.
(https://i.ibb.co.com/NyVc7ZL/IMG-20240627-214834-359.jpg)
What do you think, is this interesting enough to discuss?
Just because of this one picture, Solana and the Solana ecosystem immediately pumped and many people thought that the Altcoin season had come when Ethereum was accepted by the ETF, all the meme tokens on the Ethereum network increased and now it's Solana's turn.The more acknowledged the business by various financial institutions, the more Cryptocurrency is trusted by investors. Investors now many people believe in Solana's coins because Solana has begun to be glimpsed and will be accepted by ETF (or has been received by ETF?). Maybe the point is that if coin A is increasingly accepted in various communities of financial institutions, the higher the trust and good for hold as a long -term investment asset.
(https://i.ibb.co.com/NyVc7ZL/IMG-20240627-214834-359.jpg)
What do you think, is this interesting enough to discuss?
But do you not realize that Altcoins enter ETF certainly have complicated, tight and transparent rules. As far as I know, Crytocurrency has a "privacy" basis that is contrary to ETF. One side if Solana wants to be known to many people have to enter ETF but enter ETF for Solana Coins Privacy Crypto status will feel fading, right?Just because of this one picture, Solana and the Solana ecosystem immediately pumped and many people thought that the Altcoin season had come when Ethereum was accepted by the ETF, all the meme tokens on the Ethereum network increased and now it's Solana's turn.The more acknowledged the business by various financial institutions, the more Cryptocurrency is trusted by investors. Investors now many people believe in Solana's coins because Solana has begun to be glimpsed and will be accepted by ETF (or has been received by ETF?). Maybe the point is that if coin A is increasingly accepted in various communities of financial institutions, the higher the trust and good for hold as a long -term investment asset.
(https://i.ibb.co.com/NyVc7ZL/IMG-20240627-214834-359.jpg)
What do you think, is this interesting enough to discuss?
Yeah, it won't pump the coin right away, but it puts the coin on better rails so to speak for the big institutions to look at it and have opportunities with it, because of the trust put in and the profit to be made ;D
Solana does not need news to be pumped. The currency has been pumped a lot over the past months, and everything is rising in this way. This means that the correction has become very close.I also hope that the Solana ETF will be approved soon, but it seems that it is still being studied by the SEC. Maybe the ETF currently does not have a big impact because market conditions are still not good, bitcoin still seems to be struggling and often experiences declines. Maybe when the price of bitcoin is above $ 80K, we will see the impact of the ETF
We noticed what happened in the bitcoin ETF, as the impact of the ETF was less in Ethereum and will be less in any altcoin, and I do not think it will be approved soon.
The SEC amended the case against Binance, removing the requirement to recognize the token as a security. Against this background, SOL is performing well even in the current downturn.It is good news. The new change may bring positive impact on the chance of SOL ETF approval. But I still assume it won't be easy for SOL, we must be patient to wait for clearer update about SOL ETF. But surely, the chance to be approved will be higher now. Other altcoins can be easier to be approved as well. The investors will be more confident to buy SOL in ETF spot now. Well, I think SOL ETF may be approved in Q1-Q2 of 2025.
P.S. Now we have to wait for news about the launch of SOL-ETF. When do you think it will happen?
If the SOL ETF is approved, this will be a good thing, of course the impact will be good for Solana holders, hopefully by the end of this year there will be news that the Solana ETF has been approved and we can see the impact early next year during the bullish season.The SEC amended the case against Binance, removing the requirement to recognize the token as a security. Against this background, SOL is performing well even in the current downturn.It is good news. The new change may bring positive impact on the chance of SOL ETF approval. But I still assume it won't be easy for SOL, we must be patient to wait for clearer update about SOL ETF. But surely, the chance to be approved will be higher now. Other altcoins can be easier to be approved as well. The investors will be more confident to buy SOL in ETF spot now. Well, I think SOL ETF may be approved in Q1-Q2 of 2025.
P.S. Now we have to wait for news about the launch of SOL-ETF. When do you think it will happen?
Solana does not need news to be pumped. The currency has been pumped a lot over the past months, and everything is rising in this way. This means that the correction has become very close.
We noticed what happened in the bitcoin ETF, as the impact of the ETF was less in Ethereum and will be less in any altcoin, and I do not think it will be approved soon.
I agree, crypto needs good news to increase interest from investors so that demand for tsh coins increases. If there is no good news, demand will seem to decrease so that the price of the coin will fall because the bullish season is still long. Investors need references before they decide to invest.Solana does not need news to be pumped. The currency has been pumped a lot over the past months, and everything is rising in this way. This means that the correction has become very close.
We noticed what happened in the bitcoin ETF, as the impact of the ETF was less in Ethereum and will be less in any altcoin, and I do not think it will be approved soon.
Mate, Solana or any other tokens on the crypto space actually needs news to pump. News is very important in trading or investment opportunities, and informations received from reading news will help in decision making. it will be very difficult to start a business without getting the necessary informations on the various news platforms like Twitter, medium, Linkedin etc
Now, there are indications that the Solana team are applying for a Solana ETF, it will be very amazing if SEC approves
Solana ETF, and will positively impact the growth of Solana ecosystem.
If the SOL ETF is approved, this will be a good thing, of course the impact will be good for Solana holders, hopefully by the end of this year there will be news that the Solana ETF has been approved and we can see the impact early next year during the bullish season.No doubt it will be a very good thing if there will be Solana ETF. Solana price may increase, but we don't know how big the price to increase. People expect Solana to create a new ATH, but it shouldn't rely on the approval of ETF spot only. But I doubt if we will hear the good news about Solana ETF very soon. I think it should be in the next year. It won't be easy to be approved, Solana is an altcoin, it is different with Bitcoin. As far as I know, there are more factors to consider for an altcoin. Even if Solana is very popular now, it won't be easy to be accepted.
Solana does not need news to be pumped. The currency has been pumped a lot over the past months, and everything is rising in this way. This means that the correction has become very close.
We noticed what happened in the bitcoin ETF, as the impact of the ETF was less in Ethereum and will be less in any altcoin, and I do not think it will be approved soon.
Mate, Solana or any other tokens on the crypto space actually needs news to pump. News is very important in trading or investment opportunities, and informations received from reading news will help in decision making. it will be very difficult to start a business without getting the necessary informations on the various news platforms like Twitter, medium, Linkedin etc
Now, there are indications that the Solana team are applying for a Solana ETF, it will be very amazing if SEC approves
Solana ETF, and will positively impact the growth of Solana ecosystem.
No doubt it will be a very good thing if there will be Solana ETF. Solana price may increase, but we don't know how big the price to increase. People expect Solana to create a new ATH, but it shouldn't rely on the approval of ETF spot only. But I doubt if we will hear the good news about Solana ETF very soon. I think it should be in the next year. It won't be easy to be approved, Solana is an altcoin, it is different with Bitcoin. As far as I know, there are more factors to consider for an altcoin. Even if Solana is very popular now, it won't be easy to be accepted.
Bitcoin price always affects altcoins, so we don't have to think about the impact of altcoin ETFs right now, because Bitcoin is struggling..Does it mean we need to wait for Bitcoin to be $100k? If Bitcoin fails to reach $100k, Solana won't reach its ATH?
If the solana ETF is successful, it is likely that solana will reach a new ATH, surpassing the previous $260 ATH.
If solana ETF is approved it will make solana price go up, if bitcoin price goes up and crypto market is green. but if bitcoin price goes down i think solana price will follow bitcoin even if solana ETF is approved, like we see ethereum ETF which has no positive impact on ethereum price at all even though it has been approved.Bitcoin price always affects altcoins, so we don't have to think about the impact of altcoin ETFs right now, because Bitcoin is struggling..Does it mean we need to wait for Bitcoin to be $100k? If Bitcoin fails to reach $100k, Solana won't reach its ATH?
If the solana ETF is successful, it is likely that solana will reach a new ATH, surpassing the previous $260 ATH.
For the general impact on market trend, it is true that Bitcoin really has a big influence. But for the development of the price each altcoin, I think it will depend on the progress of the project behind of the altcoin. If Solana ETF is approved, I'm sure there is a chance for Solana to reach its ATH. Another factor is altcoin season, this is what everyone is waiting for. When we are in the altcoin season, most altcoin will easily increase significantly, including Solana price.
We know that solana price is increase gradually in cryptocurrency market. If we follow in few month ago, we can see that solana price carried in little down. So i believe that after few month solana price is increase in cryptocurrency market. We also know that bitcoin is one of the best valuable currency in cryptocurrency world. So we also know that when bitcoin price is increase then others crypto will increase. So i think that solana ETF also depending on bitcoin price.If solana ETF is approved it will make solana price go up, if bitcoin price goes up and crypto market is green. but if bitcoin price goes down i think solana price will follow bitcoin even if solana ETF is approved, like we see ethereum ETF which has no positive impact on ethereum price at all even though it has been approved.Bitcoin price always affects altcoins, so we don't have to think about the impact of altcoin ETFs right now, because Bitcoin is struggling..Does it mean we need to wait for Bitcoin to be $100k? If Bitcoin fails to reach $100k, Solana won't reach its ATH?
If the solana ETF is successful, it is likely that solana will reach a new ATH, surpassing the previous $260 ATH.
For the general impact on market trend, it is true that Bitcoin really has a big influence. But for the development of the price each altcoin, I think it will depend on the progress of the project behind of the altcoin. If Solana ETF is approved, I'm sure there is a chance for Solana to reach its ATH. Another factor is altcoin season, this is what everyone is waiting for. When we are in the altcoin season, most altcoin will easily increase significantly, including Solana price.
Does it mean we need to wait for Bitcoin to be $100k? If Bitcoin fails to reach $100k, Solana won't reach its ATH?I don't think we'll see an altseason unless BTC can hit $100K this season. Those round numbers as 100K are huge for driving FOMO and making investors more confident about buying alts like SOL, which could trigger a massive market rally.
For the general impact on market trend, it is true that Bitcoin really has a big influence. But for the development of the price each altcoin, I think it will depend on the progress of the project behind of the altcoin. If Solana ETF is approved, I'm sure there is a chance for Solana to reach its ATH. Another factor is altcoin season, this is what everyone is waiting for. When we are in the altcoin season, most altcoin will easily increase significantly, including Solana price.
true solanan and other sltcoin prices depend on bitcoin price, if bitcoin price goes up we will see altcoin prices go up. Solanan has been performing well and is getting more popular so I think it is a good coin to hold for the long term. I also have some solana in my wallet which I am targeting to sell at $250 next year.
We know that solana price is increase gradually in cryptocurrency market. If we follow in few month ago, we can see that solana price carried in little down. So i believe that after few month solana price is increase in cryptocurrency market. We also know that bitcoin is one of the best valuable currency in cryptocurrency world. So we also know that when bitcoin price is increase then others crypto will increase. So i think that solana ETF also depending on bitcoin price.
If solana ETF is approved it will make solana price go up, if bitcoin price goes up and crypto market is green. but if bitcoin price goes down i think solana price will follow bitcoin even if solana ETF is approved, like we see ethereum ETF which has no positive impact on ethereum price at all even though it has been approved.Of course, SOL will increase much if Solana ETF can be approved. But how if Solana ETF won't be approved? It is possible that there is a rejection or delay for the approval. I think we can't rely on the Solana ETF only.
I don't think we'll see an altseason unless BTC can hit $100K this season. Those round numbers as 100K are huge for driving FOMO and making investors more confident about buying alts like SOL, which could trigger a massive market rally.Does it mean $100k for Bitcoin is a must?
If solana ETF is approved it will make solana price go up, if bitcoin price goes up and crypto market is green. but if bitcoin price goes down i think solana price will follow bitcoin even if solana ETF is approved, like we see ethereum ETF which has no positive impact on ethereum price at all even though it has been approved.Of course, SOL will increase much if Solana ETF can be approved. But how if Solana ETF won't be approved? It is possible that there is a rejection or delay for the approval. I think we can't rely on the Solana ETF only.
Whenever Bitcoin is decreasing much, altcoins must follow it as well. Solana is a part of the altcoins, so it is a must that SOL price will decline, too.I don't think we'll see an altseason unless BTC can hit $100K this season. Those round numbers as 100K are huge for driving FOMO and making investors more confident about buying alts like SOL, which could trigger a massive market rally.Does it mean $100k for Bitcoin is a must?
Sure, if Bitcoin really reaches $100k, there must be a huge FOMO/hype on the crypto field.
NO doubt that this easily triggers for massive increase in most crypto coins.
Just because of this one picture, Solana and the Solana ecosystem immediately pumped and many people thought that the Altcoin season had come when Ethereum was accepted by the ETF, all the meme tokens on the Ethereum network increased and now it's Solana's turn.
(https://i.ibb.co.com/NyVc7ZL/IMG-20240627-214834-359.jpg)
What do you think, is this interesting enough to discuss?
I see this news X that the Solana ETF will happen soon but with this news it is certain that SOL will rise for starters this is no different with BTC and ETH.
So this is just a proposal hopefully closer.