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- 🗒 Gate.io Suggested Topics Posting Event: #NFP Data Release#
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The Non-Farm Payroll (NFP) data is set to be released on May 2nd. As a key economic indicator, it often has a significant impact on market sentiment. How do you think this upcoming report will influence the crypto market’s direction? Are you bullish or bearish?
Post with the hashtag #NFP Data Release# to share your insights or analysis to share the $50 reward pool!
⏰ Event Time: April 30, 4:00 AM - May 1, 4:00 AM (UTC)
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2 cryptocurrencies that can reach a market capitalization of $200 billion in March
XRP
Right now, XRP is trading at $2.42 with a total market capitalization of $140.07 billion. Its growth is fueled by expectations of regulatory clarity and institutional adoption.
Under favorable conditions, XRP could reach a $200 billion market capitalization as early as 2025, pushing its price to approximately $3.46.
Solana (SOL)
Solana is trading at $192.23, with a market capitalization of $93.23 billion. It remains one of the largest cryptocurrencies, ranking sixth in the overall market rating.
One of the key factors driving Solana's growth is the potential approval of an ETF based on it. Currently, the SEC is reviewing applications from 21Shares, Bitwise, Grayscale, and VanEck.
According to analysts Bloomberg's Eric Balchunas and James Seyffart, the likelihood of approval of a Solana ETF in 2025 is 70%. This could attract significant institutional capital and further strengthen SOL's position as an investment asset.