《JTO: A Great Opportunity for Swing Bull Trading Before the Arrival of Solana ETF》
$JTO JTO is quietly becoming a quality potential stock for initiating swing bull trades at the HTF low (around $2), and the biggest boost behind it - the Solana ETF catalyst - is expected to arrive in just a few weeks.
🔍 The current situation of the ETF is becoming clear:
- ETF authorities analyze that SOL, with its own advantages, has already become a popular choice for the next batch of US spot ETF approvals.
- Polymarket's predicted probability has surged from 15% to 60%, focusing on the ETF approval drama on July 31.
- From the perspective of the prediction market, SOL has over 90% probability of becoming the next strong competitor for the ETF after BTC and ETH.
- Regarding the SEC, as of last Friday's close, all 7 issuers have resubmitted applications with staking clauses, paving the way for ETF advancement.
- The movements of giants like BlackRock also signal a continuously rising probability for Solana ETF applications.
JTO
2.203
+13.55%
🚀 Why is JTO a key player in this ETF feast:
- Jito, with its strong position on Solana, holds about $3 billion TVL, firmly sitting at the top of Solana's largest staking protocols.
- In the current prospectus of the issuers, Jito's LST (Liquid Staking Token) stands out as the only one mentioned.
- Legally, Jito's Chief Legal Officer held talks with the SEC on June 9, ensuring compliance development.
- The strategic document released on June 13 further supports using JitoSOL to promote a 100% staked SOL ETF.
- Even if the staking aspect does not pass smoothly, JTO, with its deep layout in the Solana ecosystem, remains the core beta of the Solana ecosystem.
📉 Now is the right time to position in JTO:
- The trading price is close to the cyclical low (around $2), situated in a value pit.
- Once the favorable news related to Solana ETF lands, it is expected to ignite the surge trigger for JTO.
- Jito, with its unique advantages, perfectly aligns with the development trend of the Solana ETF and is expected to enjoy the dividends.
💡 In summary, JTO is far from a simple short-term swing trading target; it is a potential leverage for the Solana ETF concept, and its potential value is quietly accumulating strength, waiting for the moment to burst forth, likely to become a hot focus pursued by the market.
#MichaelSaylor暗示增持BTC #solana
