GSR Insights on Cardano, Ripple ETF Approval Outlook and Solana's Potential

Friday, 28 June 2024, 07:25
GSR forecasts that ETF approval for Cardano and Ripple is unlikely in the near future. However, the decentralization of Solana and rising market demand are factors that could enhance its chances. Despite the challenges faced by Cardano and Ripple, Solana remains optimistic due to its unique attributes.
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GSR Insights on Cardano, Ripple ETF Approval Outlook and Solana's Potential

GSR Predictions on Cryptocurrencies

GSR predicts that both Cardano and Ripple are unlikely to receive ETF approval anytime soon. While they face hurdles, Solana's decentralized approach and increasing market demand could boost its approval chances.

Insights on Market Trends

  • Cardano and Ripple: Unlikely ETF approval
  • Solana: Strong support due to decentralization and market demand
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