Wang Feng, founder of Linekong Interactive: Optimistic about Solana's potential benefits, the surge in altcoins will have to wait for SOL to take off

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MarsBit
08-02
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Mars Finance News, on August 1st, Langang Interactive founder Wang Feng (@wangfeng_0128) published an analysis of the current market situation.

He pointed out that the stable prices of the three major public chains are due to market investors shifting from retail to institutional investors. Ethereum being more recognized by institutions and maintaining a strong upward trend is the "best news this year". He is particularly optimistic about Solana, believing that "SOL has potential positive factors", and predicts that under US cryptocurrency legislation, ETFs for the three major public chains are bound to be approved. Altcoins, including DeFi and various application concepts, will need to wait for Solana to "take off" first before potentially seeing a significant surge.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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