_sol

Two things this week changed my view on the outlook

A few days ago, SGP-0003 caught my attention. This proposal includes a large adjustment to the fee structure and a doubling of the deflation rate. This means the price of SOL may be affected, because it requires 400,000 SOL worth of validators to support it. The current SOL price is $73.52

I believe that if this proposal is approved, the price of SOL will rise. Doubling the deflation rate means the circulating supply of SOL decreases. Based on real market conditions, SOL is currently trading at $73.52, which is up from $71.98 24 hours ago

Another factor influencing my judgment is BTC’s price trend. BTC is currently at $63,693.77, up 1.60% over the past 24 hours, and its all-time high is $64,243.81. This suggests that BTC may continue to rise

Based on the analysis above, I think the price movements of SOL and BTC are worth watching—especially SOL, because approval of its proposal could lead to a price increase

Therefore, my current stance is bullish on SOL and BTC

#_SOL #BTC #cryptocurrency #marketanalysis 📈