Circle has newly minted 250 million USDC on the Solana network.
Here are the arguments on both sides:
Bullish case: The event creates a new narrative and could boost interest;
Bearish case: Sentiment may take a hit, and short-term capital could become more cautious;
My take: Both sides have a case. Ultimately, it comes down to which way the price and trading volume for $SOL move.
$SOL is currently at 106.31, down 4.47% over 24 hours, with a 24-hour range of 106.28–113.4.
#SOL
Here are the arguments on both sides:
Bullish case: The event creates a new narrative and could boost interest;
Bearish case: Sentiment may take a hit, and short-term capital could become more cautious;
My take: Both sides have a case. Ultimately, it comes down to which way the price and trading volume for $SOL move.
$SOL is currently at 106.31, down 4.47% over 24 hours, with a 24-hour range of 106.28–113.4.
#SOL