Family, this wave of SOL's market is simply crazy! From 124 dollars it skyrocketed to 202 dollars, the surge makes people feel excited. But recently, overseas regulatory agencies suddenly postponed the review of certain compliant products to October. Does this mean SOL is going to cool down?
As an old blogger who has been in the digital asset space for 5 years, I must share with everyone today: when playing with digital assets, don't just focus on short-term ups and downs; mastering the core logic is the key to making money!
Technical upgrade, the super engine of SOL's surge!
On September 1, SOL welcomed the epic "Alpenglow Upgrade", it was just incredible! The transaction confirmation speed dropped from the original 13 seconds to just 0.15 seconds, a reduction of 85 times! Friends, from now on, payments and transfers will be as fast as lightning, no more long waits, large-scale use of SOL has finally bid farewell to lag, this experience is simply soaring!
What's even more impressive is that after the upgrade, voting transactions decreased by 75%, and a 'burn mechanism' was cleverly added. What does this mean? In the long run, SOL will become more valuable, with limitless potential!
However, I must remind everyone that while the speed is fast, there is a slight gap in safety. It's like a fast car with brakes that are too sensitive; generally, it's fine, but in extreme situations, extra caution is needed. Everyone must keep this in mind!
Currently, there are over 3,000 projects running on the SOL platform, and the trading volume in July directly broke 120 million. This level of activity is simply overwhelming, and SOL's strength is evident!
The hidden game between regulation and institutions, is there an opportunity hidden within?
This review delay may seem like 'bad news' at first glance, but seasoned players know that there are actually great opportunities hidden behind it! Now compliant products for Bitcoin and Ethereum are everywhere, and overseas regulators are struggling to find a 'reliable new target'. The SOL ecosystem is so comprehensive that it could very well be the 'potential stock' in their eyes!
Previously, a large overseas institution applied for a compliant staking product for SOL, and as a result, SOL surged by over 14% on the same day. What does this indicate? Big funds have long been eyeing SOL, and this point should not be overlooked!
Can it surge in the short term? These 3 key points must be understood!
1. Key position: Currently, SOL's price is stuck at $202, and it has not yet reached a state of widespread frenzy.
2. Support level: 195 is like a solid 'safety line'; as long as the price does not fall below this line, SOL's situation is as stable as Mount Tai.
3. Danger line: $190 absolutely must not be broken! Once it falls below, a pullback may likely occur, so everyone must pay close attention.
October will be a critical month for SOL! If the compliant products pass the review smoothly and SOL's price successfully breaks through 202, the next target could be 230; if it fails to break through, it is also normal for it to oscillate in the 195-202 range.
But in the long run, the $1 billion ecological fund is gradually being implemented, and the number of developers is increasing. The value discovery journey of SOL has just begun!
Do you think that after this technical upgrade, SOL has a chance to break into the top three digital assets? Should we wait for a pullback to enter, or should we hurry to get on board now? Come to the comments section to share your views!
I am Li Kui, follow me to learn about new information in the cryptocurrency circle#美联储降息预期 #非农就业数据来袭 #美国当周失业金人数
