Sanjin will talk to you in detail about the recent market hot spots and trends:
1. Solana Spot ETF Application Progress
Wall Street's trillion-dollar giant Vanda has officially submitted the S1 filing for the Solana spot ETF. This move is not groundless and is expected to be successful.
Vanda is the first company to submit and pass an Ethereum spot ETF, and its Bitcoin ETF has also been approved. The application for Solana ETF is by no means a show, and once successful, it may trigger other giants to follow suit.
Every ETF application will trigger a surge in Solana's price. From the K-line, Solana has made three bottoming corrections and broken through the downward trend line, and is expected to rise to around 170 in a few weeks.
Bloomberg analysts said the final decision will be made in March next year, during which time other institutions can expect to apply.
Wall Street market maker GSR has been highly bullish, insisting that the ETF will be approved; giant Pantera has also entered the market.
The public chain is backed by giants and has great potential, and the on-chain ecological currency WIF can be appropriately deployed.
2. Floki News
Sanjin discovered that Justin Sun secretly bought Floki. He bought 300 million pieces last night and his holdings reached 3.7 million US dollars.
Sun Yuchen's previous purchases rose 10 times before the outbreak. You can pay attention to it this time, and appropriate allocation may yield gains.
3. Qualitative Change of ARB
The dormant Layer 2 leader ARB has undergone a qualitative change, and the staking service provider has proposed to distribute 50% of the sorter profits to token holders.
This means that the holders will receive 7% of the staking income per year. The proposal will be voted on in mid-to-late July, and if it passes, it will be popular.
With the Ethereum ETF about to be listed, ARB can be said to have double happiness.
4. Benefits of KAS
Nasdaq-listed mining company Marathon has launched KAS mining business.
KAS is a POW public chain with powerful performance and a famous founder. It is worth paying attention to and has been on a long-term bullish trend.
5. Other market trends
People, who previously let the three golds escape the top at 0.1, took it back at 0.078 and rose again, making a cumulative profit of 30% in one week. In addition to Sol and Pepe and other coins, many people doubled their money in one week.
The direction of Bitcoin funds has changed from net outflow to net inflow. The average transaction price of short-term holders is higher than that of medium-term players, which represents demand and buying.
A bull market usually experiences five selling peaks. This is the fourth time now, and the fifth is expected to occur next summer.
Looking at the data of long-term players, the floating profit ratio of each cycle changes from green to blue. The first two times took 98 and 69 days respectively. This round has been oscillating for 96 days, and the bull market may start at any time.
The three golds have witnessed many rounds of bull and bear markets. The bull market came quietly and slowly. The sudden positive acceleration, those who did not buy rushed to buy, Wall Street called orders, and it ended after a continuous rise for several months. Cherish the current profit opportunities, hoard coins and wait for the big bull. Next year's bull market, become famous in one fell swoop!
I like spot trading, want to roll funds together, and ambush value coins.
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In the current ups and downs of market changes, blindly working alone will never bring opportunities!
