Ralph
@ralph-blockchain
Big News in Crypto: Ethereum ETF Approval & What's Next for Solana? If you’ve been keeping up with crypto news, you know that the Ethereum ETF was officially approved two weeks ago. Before the approval, Ethereum’s price surged nearly 30%.
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Ralph
@ralph-blockchain
Looking at the chart above, you can see that ETH experienced a massive spike before the ETF approval, followed by significant volatility, and then a drop the next day.
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Ralph
@ralph-blockchain
With both Bitcoin and Ethereum ETFs now approved, the next major blockchain in line is Solana. It's possible that we might soon start hearing discussions about a Solana ETF.
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Ralph
@ralph-blockchain
On-chain data shows that #Solana ’s TVL (Total Value Locked) is second only to Ethereum (excluding Bitcoin). Solana’s developer community is very active, and with Solana’s co-founder Toly being American, there are strong indicators that a Solana ETF might get approval in the US.
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Ralph
@ralph-blockchain
Additionally, there's a high chance that #FTX will repay its debts soon. Although the repayment amount is calculated based on the value at the time of FTX’s collapse, it is still substantial.
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Ralph
@ralph-blockchain
From a long-term perspective, I believe that regularly investing in $SOL could be a good choice, especially since $SOL hasn't reached ATH yet.
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Ralph
@ralph-blockchain
“What doesn’t kill me makes me stronger.” Solana has risen like a phoenix after the collapse of FTX, strengthening the faith of its supporters.
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Ralph
@ralph-blockchain
Not only could this lead to another wave of hype for Solana, but practically, the believers in Solana who regain their funds are likely to reinvest in $SOL.
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