Rumor has it that this coin is about to skyrocket, the news is reliable, and smart money is already getting in!
Bitcoin surges to $100,000, are the whales starting to cash out? What are the important positive news for Sol, ETH, WIF, and Bitcoin next? Let's take a look together~
First, there is a huge news that has just been exposed. Fox News reporter Terrett said, according to two informed sources, the US Securities and Exchange Commission (SEC) is negotiating with the issuer of the Solana spot ETF, and has made very significant progress.
These informants indicate that we are very likely to see the applicant submit the 19B-4 file for the ETF in the next one or two weeks, which is a qualitative leap.
And just a day before this news came out, BitWise, a Wall Street giant that has already been approved for a Bitcoin ETF, has urgently set up a Solana ETF trust in Delaware, and is expected to submit its S1 application to the SEC very soon.
Wow, submitting the day before the news came out, this giant may have gotten some information, and the previous leak also came from the major media Fox, so I believe this Solana ETF is not just a fantasy, it is very likely to be approved.
Especially since Trump is so supportive of the crypto industry, even threatening to fire the SEC chairman, so the SEC is also panicking, and is quickly changing its attitude. I think the Solana ETF has a very good chance, and this bull market may even reach 1000!
And just this morning, SEC Chairman Gensler announced his resignation plan, and will resign on January 20, the day Trump takes office. Now the last barrier to Solana ETF is also removed, so the probability of its ETF being approved is really not small.
In the short term, institutions will likely submit the 19B-4 file for the Solana ETF in the next two weeks, and there should be a good rally. In the long run, the approval window for the Solana ETF is 240 days, and the first ETF application was submitted by Vandacast in late June this year, so the result of the Solana ETF will come out at the latest in the second or third month of next year. I believe Solana will surge before the result comes out, just like the previous Bitcoin ETF, and that will be its biggest rally, so you must seize this Solana roller coaster.
In our last program, we talked about the exceptionally strong on-chain data of the Solana chain, with transaction volume doubling in a week, and asked everyone to position themselves. At that time it was just over $230, and now it has risen nearly 20%, I wonder if everyone has positioned themselves?
Since Solana will be strong in the future, its on-chain meme token WIF is also worth laying in wait for, it has now pulled back 40%, which is relatively suitable for entry, and it is possible to go to $10 or even $20 next year.
In addition to the mainstream coins, let's also look at the huge positive news for Bitcoin.
That's right, Reuters has just revealed that Trump's team is considering setting up a government department specifically responsible for cryptocurrencies, and is actively looking for candidates. If this initiative is established, it will be the first government department in the White House's history that is specifically responsible for the crypto industry, which is simply too impressive. So the hope of Trump incorporating Bitcoin into the national strategic reserve is very high.
Moreover, the Financial Times has also recently revealed that Trump's media company is negotiating to acquire the crypto exchange Bakkt, which is simply terrifying, this is to really enter the crypto field. Moreover, his aides Musk and Kennedy are staunch supporters of the crypto industry, with these people providing protection for Bitcoin, and with Wall Street also able to start a full-scale invasion of the crypto industry through Bitcoin ETFs, the next 4 years will definitely be the most brilliant moment for the crypto industry, this is the wind, you have to seize it to change your own destiny.
Bitcoin has now risen to $100,000, can it rise further? Well, history has already given us the answer, let's take a look at the chart.
Now the black line of Bitcoin's trend is exactly the same as the previous two bull markets, both starting the main upward wave in October, and the current bull market is only halfway through, with another year of bull market time to go. As we've seen in the previous two cycles, at this time point they will continue to rise, and the gains are really not small.
I expect Bitcoin to reach a high of around $120,000 when Trump takes office on January 20. Then by March, when the Ethereum Prague upgrade and the Solana ETF result come out, that should be the peak of the altcoin season. However, there should be 1-2 major corrections in between, so don't use high leverage, let's win steadily!
Although Ethereum is not rising now, when it comes to the main upward wave, it can double in two weeks, as it has done in the previous two cycles, so in February next year Ethereum will be four or five thousand, and by March it may go to 8,000 or even 10,000.
As for ETH, we went long at the 3060 support, and now it has reached the 3400 resistance, I think after it consolidates, it should go up again. As for FLOKI, we escaped the top at 0.028, but since Dogecoin has risen again, other on-chain meme coins like Pepe and Neiro will also see a wave of gains. As for Doge, we started positioning at 0.1 and it has already 4x to 0.4, we have pulled back and it is now starting to rush to 0.5 again, all our operations are released in real time, you can come and take a look if you are interested.
I held a long position in SOL for a month, and half of the gains were eaten up by the funding rate.
In addition, FTX is now rumored to be restructuring in early next year, which is a small positive for SOL, but its real big positive comes from the $16 billion repayment, which should also be distributed at that time, and it will be in US dollars rather than cryptocurrencies.
Wow, just think about it, $16 billion being given back to crypto retail investors, at least half of them will come back to the crypto market to buy, buy, buy, this buying power is simply terrifying, so that should be the real start of the altcoin season, Pepe, WIF and Neiro these on-chain meme coins can be laid in wait, waiting for the second altcoin season to arrive.
As for Pnut, the weirdo, I don't know if he's taken laxatives, we entered at 1.3 and 1.5, now it's 1.3, a small floating loss, when Musk calls for it, it will rise, and we can reduce our position accordingly.
In addition, Solana also has another positive, that is, its founder Toly has released the latest upgrade roadmap of Solana, which is very personalized, meaning to increase bandwidth and reduce latency. The content itself is not important, the key is that he is about to upgrade, right?
Given that its founder has already released an update preview, it is likely that a major version iteration is not far away. So this Sol can really be watched, as there are a lot of positive news to look forward to in the next two to three months, and its on-chain ecosystem coins WIF, Ray and JTO can also be followed, as they are expected to perform well.
Finally, don't forget to give a follow, let's achieve financial freedom together in this bull market, keep it up!
