$SOL It’s been dropping these past couple of days, and is now hovering around 104.
The billboard in Shanghai has caused quite a stir. A lot of people’s first reaction was, “Does this mean things are about to open up?” In reality, it most likely has nothing to do with the authorities—it’s purely a market-driven move.
What’s really weighing on the price is rate-hike expectations. The billboard is just an excuse for market sentiment, so don’t mistake a marketing stunt for a fundamental development.
My take: At 104, it’s neither cheap nor expensive. There’s still room for a short-term dip, but once the rate hike materializes and the pressure lifts, the price could regain its momentum. Don’t chase the rally now; wait for a signal.
#SOL #加息预期 #Cryptocurrency
The billboard in Shanghai has caused quite a stir. A lot of people’s first reaction was, “Does this mean things are about to open up?” In reality, it most likely has nothing to do with the authorities—it’s purely a market-driven move.
What’s really weighing on the price is rate-hike expectations. The billboard is just an excuse for market sentiment, so don’t mistake a marketing stunt for a fundamental development.
My take: At 104, it’s neither cheap nor expensive. There’s still room for a short-term dip, but once the rate hike materializes and the pressure lifts, the price could regain its momentum. Don’t chase the rally now; wait for a signal.
#SOL #加息预期 #Cryptocurrency