Solana and Ethereum: Major Benefits and Strategies for Recovery

1. Major Benefits of Solana

Potential Approval of Spot ETF

BlackRock is considering applying for a Solana spot ETF, and the likelihood of approval is high. The Solana futures ETF has been approved by the CME, and the U.S. government's stance towards Solana is friendly. Giants like Grayscale and VanEck have submitted applications, and BlackRock's involvement may drive a short-term increase in SOL.

Sustained Improvement in Fundamentals

The USDC issued on Solana by Circle has reached $10 billion within two months, indicating a significant influx of funds. Solana's technological upgrades and the expansion of its developer ecosystem have strengthened its influence in the DeFi and NFT sectors.

2. Recovery Opportunities for Ethereum

Expectations for the Prague Upgrade

Ethereum's Prague upgrade is scheduled for late April, expected to improve network efficiency. Although ETH may struggle to reach $4,000 in the short term, there is a greater likelihood of a rebound to $3,000.

3. Investment Strategies

Reallocation Suggestions

Reallocate 20% of ETH holdings to Solana (SOL) and 10% to Sui and Pepe. SOL, Sui, and Pepe have similar declines to ETH but have greater rebound potential.

Sui unlocks 100 million tokens monthly, which may limit short-term performance.

Pepe has recently rebounded by 50%, outperforming ETH.

Short-term Opportunities for Bitcoin

If BTC holds above $85,000, consider going long up to $95,000, with a stop loss set below $85,000.

If BTC falls below $80,000, consider going long near $80,000, with a stop loss set below $79,900.

4. Movements of Whale Spoofy

Spoofy has recently stopped buying BTC, as it is fully invested. In the past month, it has bought 20,000 BTC, restoring its holdings to last December's levels. Close attention should be paid to its subsequent operations.

5. Summary

The approval of Solana's spot ETF and improvements in fundamentals support its rebound, while Ethereum's documentary and upgrade provide recovery opportunities. Investors can optimize their portfolios through reallocation and diversification, while also paying attention to short-term opportunities in Bitcoin. The movements of whales are worth monitoring to capture changes in market trends.

In the cryptocurrency market, maintaining rationality and flexibility is key to remaining undefeated amidst market fluctuations.

Disclaimer: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is highly volatile; investments should be made with caution and based on one's risk tolerance.

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