What do you think about Grayscale's Cardano ETF? From a fundamental perspective, there is a high probability of it being approved.
Cardano has achieved complete decentralized governance (on-chain voting) and is one of the few U.S. projects with real technical application potential, meeting the basic criteria.
The uncertainty lies in the administrative agencies' expertise. Overall, my judgment at the beginning of the year that "the altcoin bubble has burst" has been validated by the market. The landscape of public chains is closely related to ETFs.
Let's talk about the market: A few months ago, I clearly stated that the altcoin bubble would burst, and many people didn't believe it. Now, do you see the situation clearly? Of course, not all coins will fail, but most projects will collapse.
So, which projects will survive? One indicator: ETFs. Projects that are expected to be included in ETFs and approved by the SEC will be the winners after this round of tech stock bubble. The future major players like Google, Microsoft, and Amazon will emerge from this list.
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