Connect with us

Published

on

Follow Us

Follow Us @

Solana ETF Will Be Available After Ethereum ETF Is Approved

Previously, in the shadow of banking sector failures and changes in the cryptocurrency market, former BitMEX CEO Arthur Hayes had pointed fingers at Solana (SOL) while drawing attention to a potential bullish rally for crypto.

Following a rocky history, especially since Solana's FTX debacle, Hayes' recent comments brought a new wave of hope into the crypto community about SOL's possible future.

Advertisement

In the latest update, Hayes via his social media account indicated he was bullish on Solana and shared a graph illustrating the cryptocurrency's price movement. His post, which is quickly gaining momentum, proposes a tactical approach to restarting the Solana market, especially considering possible turmoil in the US banking system.

Launching Coingape, Friday (2/2/2024), this sentiment emerged after Hayes honestly revealed his previous market position, including the momentary decline of Solana and Bitcoin because he anticipated the decline that would occur. Solana has had a tough market, with its value experiencing quite high highs and low lows over the past few months.

Starting from modest positions in October 2023, SOL surged to impressive highs in the run-up to Christmas but corrected as the new year approached. However, digital currencies have proven resilient in following paths that indicate possible recovery and growth.

On the other hand, the latest high-volume trading related to Solana further adds to the rumors about its price trend. What was interesting was the massive movement of 659,283 SOL between unknown wallets, which left the community confused as to how this would affect the price of SOL.

Advertisement

Solana ETF Will Be Available After Ethereum ETF Is Approved

Follow TODAYSGIST on Google News  and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!

SHARE POST AND EARN REWARDS:

Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program

FIRST TIME REACTIONS:

Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.

Advertisement
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >

#Solana #ETF #Ethereum #ETF #Approved
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending