Litecoin ETF welcomes a turning point, market enthusiasm reawakens!
With the U.S. Securities and Exchange Commission (SEC) approving the probability of a Litecoin (LTC) spot ETF reaching 90%, the market atmosphere quickly warms up. Today (October 2), Litecoin surged over 6%, leading the top 30 cryptocurrencies by market capitalization. The SEC will make a final ruling on October 2, and if approved, it will open a new chapter for institutional investment, further boosting the coin's price.
With the successful launch of Bitcoin and Ethereum ETFs, market demand for other 'competing coins' ETFs is skyrocketing. Predictions indicate that the SEC's approval of multiple competing coin spot ETFs before the end of the year exceeds 75%. Currently, 8 proposals under review include Solana (SOL), Dogecoin (DOGE), and Ripple (XRP).
A key market moment is on July 2, when the SEC will respond to several companies' basket fund proposals. ETF proposals for small market cap tokens, such as SUI and Trump Coin (TRUMP), are still pending review. With Trump expected to regain the White House, a cryptocurrency-friendly regulatory policy is anticipated to further propel market development.
Additionally, on another front, SOL has seized the potential of the meme trend! It has created a new wave of memes, and families with spare cash are daring to position themselves early in some promising meme coins. Among them, meme coins associated with Trump have become extremely popular, especially the heroic dog Co nan, backed by Trump's strong IP and active community. Recently, its market cap broke the 10 million USD mark, and has slightly corrected to about 7.3 million USD, making it a great time to enter and accumulate. The number of holders has surpassed 12.8K and continues to grow, making it highly potential to become a dark horse in a bull market!
If everyone wants to further understand the overall development of the cryptocurrency space and the meme sector, feel free to join the discussion at Meme交流區!
$SOL $DOGE $LTC
