In a recent appearance, CryptosRUs shared some compelling insights about the latest happenings in the crypto market. The CoinSpeech team has collected the most important takeaways from his session for you. You can find CryptosRUs’s new video below.
Solana’s Impressive Rise
Solana (SOL) has been making significant waves in the crypto space. Solana’s price jumped to almost $150 from below $120. Interpretations suggest that this surge is due to the anticipation of the first Solana ETF approval, highlighting the growing institutional demand for Solana. “The demand is there; institutional demand is there; they want Solana,” said George.
He further added that this excitement is not limited to Solana alone but also extends to its ecosystem, including Jupiter. “Jupiter also had a big jump,” he noted, underscoring the broad market appeal.
Bitcoin ETF: BlackRock’s Secret Moves
BlackRock’s Bitcoin ETF, known as iBit, seems to be holding strong despite outflows from other ETFs. “BlackRock themselves are buying; that’s the only logical reason,” speculated George. It appears BlackRock is accumulating Bitcoin while others are panic-selling. “They are panic buying; that’s the way to do it,” he emphasized.
Ethereum ETF: July 4th Rumor
There are rumors that the first Ethereum ETF could get approval by July 4th, which could lead to its launch in July. “This was already speculated by Bloomberg analysts, so this could definitely happen,” said George. The potential Ethereum ETF would further solidify institutional interest in cryptocurrency.
Chainlink and Avalanche Partnership
Chainlink’s integration into Avalanche is another highlight of the recent crypto developments. “Chainlink is now live on Avalanche,” said George. This partnership aims to enhance data retrievals and improve interoperability on the Avalanche Network, marking a significant step forward for both projects.
Killer Whales Show Filming
George also shared his experience filming the new crypto reality show, “Killer Whales.” He mentioned, “It was a very different experience than the next crypto gem that I filmed two years ago.” The show boasts significant star power, including personalities like Scaramucci and the Altcoin Daily guys.
Overall Market Sentiment
Amid all the buzz, George urged everyone to stay strong and focused. “Stay away from fud,” he advised. He recalled past market downturns and the resilience shown by the community. “Every single cycle we have weakness, there’s fud… But how you win at the game of crypto is staying strong, DCA-ing, and holding.”