分析师舒琴
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Sol collapsed so dramatically, it's somewhat regretful. Can it rise again?
Celebrities continuously release tokens to 'rob' retail investors, and the market never learns its lesson. Meanwhile, Argentina's Libra coin has stripped away the last layer of shame from the big players, revealing the ruthlessness of the scythe.
Since yesterday, a large amount of Sol's funds have been flowing into ETH, causing Ethereum to rise unusually. Although ETH has dropped back with the market now, considering Sol has fallen 20% from 200, I think it’s still acceptable.
The recent pullback since last night is mainly due to Wall Street being closed yesterday, preventing funds from entering. It will be tonight when these big players come online, welcoming the hot money to buy the dip. As for Sol, it is expected to be weaker compared to the market until March 1st when the lock-up ends. I won’t touch it for the time being, even though its project team may release some positive updates to support the price.
Previously, Sol was draining ETH too aggressively. Now that funds are flowing back, I’m actually quite pleased to see this. It’s still early in February, with the ETH upgrade scheduled for April 8th. The real momentum period should be in March, so these next two weeks in February are your last chance to get on board with ETH. Don’t doubt the positive impact of the ETH upgrade or the negative impact of Sol's unlock; as the events approach, they do have a real effect on the prices.
Celebrities continuously release tokens to 'rob' retail investors, and the market never learns its lesson. Meanwhile, Argentina's Libra coin has stripped away the last layer of shame from the big players, revealing the ruthlessness of the scythe.
Since yesterday, a large amount of Sol's funds have been flowing into ETH, causing Ethereum to rise unusually. Although ETH has dropped back with the market now, considering Sol has fallen 20% from 200, I think it’s still acceptable.
The recent pullback since last night is mainly due to Wall Street being closed yesterday, preventing funds from entering. It will be tonight when these big players come online, welcoming the hot money to buy the dip. As for Sol, it is expected to be weaker compared to the market until March 1st when the lock-up ends. I won’t touch it for the time being, even though its project team may release some positive updates to support the price.
Previously, Sol was draining ETH too aggressively. Now that funds are flowing back, I’m actually quite pleased to see this. It’s still early in February, with the ETH upgrade scheduled for April 8th. The real momentum period should be in March, so these next two weeks in February are your last chance to get on board with ETH. Don’t doubt the positive impact of the ETH upgrade or the negative impact of Sol's unlock; as the events approach, they do have a real effect on the prices.
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