DRIBIT Options data reveals pronounced differences in the major cryptocurrency sentiments with Bullish’s XRP (XRP) and Solana (SOL contrasting with adverse fears Bitcoin (BTC) and ether (ETH).
According to Amberdata data source, XRP call selection transactions or bull betting has been more expensive than all XRP, a payment -oriented cryptocurrency, is the third largest market value.
Sol’s selection transactions also demonstrated the magnitude, and in December. Calls trade in 10 volume points premium.
The choice of invitation grants the buyer the right, but not a commitment, to acquire the main assets at a predetermined price specified on the future day or before it. This is a lot of betting market, while Put options provide price slides.
Positive XRP ton is likely to be determined by the updated enthusiasm due to the possible approval of at least six-septynius main issues in the US, including Bitwise, 21shares, Wisdomtree, Coinshares, Canoshares, Canary Capital and Franklin Templeton.
The SEC postponed these applications by pushing the main approvals such as the Wisdomtree XRP ETF, until 2025. October The end of the end. As these applications during a similar review period, the market seems to be preparing for a synchronized approval or rejection event, which could greatly affect the XRP price.
The XRP community is very optimistic, observing a significant increase in prices until the end of the year if approved by ETF.
“Case of the first month flow base: 5b USD+. The Independent Market Pegas first month’s Spot XRP ETF income is 5b USD+ prior to reflex persecution. It is a serious demand shock as much as partially captured and concentrated upwards. According to Coindesk, cryptocurrency is currently selling around $ 2.88.
Sol’s optimism is likely to be due to its main Blockchain Solana Alpenglow Renewal Rect, which is likely to increase network speed. Bitget’s chief analyst Ryan Lee called it “an essential moment of network trajectory.”
“Confirmation of Solana’s Alpenglow update with more than 98 percent. The support of the “staches” marks the essential moment of the network trajectory. By reducing the outcome of the operations from 12.8 seconds to only 100-150 milliseconds, Solana turns one of the fastest Blockchains, freeing up opportunities that exceed the threshold increase in efficiency. “ Lee said email. In the letter.