SOL's ETF was rejected. Are there still chances for Ray and JUP? Are you a little anxious?

SOL has had some negative news recently. It is rumored that some ETF applicants will be rejected. Don't panic. We need to see which one was rejected. Because before, small institutions like Canary Capital, which have never operated ETFs, applied for Solana's ETF. It is normal for such institutions to be rejected. As long as Vanda and Grayscale are not rejected, it means that Solana's ETF is very promising.

Because only one or two small institutions that are riding on the popularity are rejected. These are here to share the cake. It is the Wall Street giants who do not want to share with these small institutions. Moreover, Fox News said that only some were rejected, and there are still several. This in itself explains a lot of problems. According to Eric, a source from Bloomberg, even if Solana's ETF is rejected, these issuers will resubmit their applications after the "crypto czar" and Atkins take office, because the new SEC will be more friendly to cryptocurrencies. If the institution resubmits the application, it will definitely become a front-page headline, which will greatly increase the price of SOL. So you can look forward to it in January and February next year.

The current weak performance of SOL is also related to the fact that the altcoin season has not yet fully exploded. Except for PEPE and Doge, which have broken this year's highs, most other local dogs have not actually returned to their historical highs, let alone doubled. In the past month, Tether has actually issued 20 billion US dollars of USDT, which is very obvious that funds are rushing into the currency circle. So don't worry at all. When the altcoin season breaks out and the wealth effect comes, SOL will really work hard. At that time, a group of hot money will go to the chain to make gold, and the demand for SOL will increase significantly. That is the beginning of the rise of SOL, RAY, and JUP, so don't worry, the big altcoin season will definitely come, it's just a matter of time.

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