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Solana and XRP receive great positive news 📈
According to reports from several media outlets, the world's largest futures exchange, the Chicago Mercantile Exchange (CME), has recently listed the futures trading standards for Solana (SOL) and XRP on its official website! Specifically, Solana is 500 per contract, and XRP is 5000 per contract. More importantly, CME futures will officially launch on February 10!
🚨 This is simply a bombshell for Solana and XRP! Why do I say this? Because before cryptocurrencies can obtain an ETF, they must first be listed on the futures market. This means that the approval of Solana and XRP's ETFs has entered the countdown stage. The experiences of Bitcoin and Ethereum tell us that the more stable this step is, the greater the potential for future development.
Why are CME futures crucial?
The launch of CME futures is an important step for digital currencies to enter the mainstream financial market. The maturity of the futures market provides investors with more trading options and paves the way for the launch of ETFs. Solana and XRP, as projects supported by U.S. capital, have a brighter future, especially in the current relaxed regulatory environment, where market expectations for these two coins continue to rise.
Recently, Solana has broken its historical high, combined with multiple positives such as Trump driving traffic, halving production, and the FireDancer upgrade, the potential for Solana's rise is huge. Additionally, the launch of CME also means that the ETFs for Solana and XRP are gradually moving closer to implementation, which may lead to a significant surge in the future.
Short-term operations: seize the opportunity during pullbacks!
In the short term, it is recommended that investors pay attention to Solana's support levels at 243 and 233. This position can be considered for buying on dips, with a target price set near 270 for selling on highs. It is expected that after the CME launch on February 10, Solana and XRP will experience a surge, but one should also be cautious of pullbacks after the good news is fully priced in.
