Lightweight 5 % growth after this forecast analysts

The price of Lightweight, Dukekoin, Solana and Ripple came in the green area after the release of two analysts James Siefart and Eric Balchanas on the possibility of confirmation of investment funds (ETF). Meanwhile, Lightwin, who has a 5 % chance of approval by the US Stock Exchange (SEC) Commission, has been a pioneer and has experienced a 5 % price increase.

James Siefart and Eric Balchanas have recently released their ranking of ETF approval for several penicians. Following the announcement, Lightweight, which had the highest chance of confirmation, also recorded the highest growth and had a 5 % increase in the past two hours. Dodge, which came in second in the forecast, grew by 4.9 %, while Solna (SOL) and Ripple (XRP), which had a lower chance of approval, increased by 4.3 % and 4.3 %, respectively. .

Balchanas explained that Lightweight is a commodity because it is a Fork of Bitcoin. Since there are many similarities between Lightweight and Bitcoin, analysts believe that the Ramsar can also be under the same regulatory framework that increases the likelihood of ETF approval.

Dodgekin (with a 5 % chance of confirmation), contrary to many expectations, has a higher position than Solana and Ripple. Suffart and Balchanas have attributed this to the SEC changing position on digital assets. In particular, the Currency Exchange Working Group, directed by Haster Pierce, one of the SEC commissioners, is investigating the classification of the Ramsar.

The Pierce Special Group focuses on clarifying digital asset classification, meaning whether they should be considered as securities or goods. Siefart points out that by the end of the year, the US Stock Exchange (SEC) Commission (SEC) will address some of the legal questions on how to regulate digital currency regulations through this special group. “The SEC Commission and the Special Digital Currency Group of Pierce Commissioner will clarify some of the consequences of lawsuits about the securities or the goods of these assets,” he wrote.

If the SEC Commission decides that some digital assets, such as Dujokin, are classified as goods (instead of securities), their supervision and regulations will be reduced. This change can transfer the responsibility of supervision from SEC to the CFTC Future Transaction Commission, which is usually more flexible in regulating commodity regulations. Since the Dodgekins is likely to be classified, the chances of confirmation will be stronger.

However, Solana does not currently benefit from the same Bitcoin or Dodgewin regulatory conditions, meaning that it may face more obstacles to obtaining ETF approval (with 1 % chance of confirmation). The status of Ripple is even more controversial, as the currency is still involved in a SEC lawsuit that reduces ETF’s chances of XRP (with a 2 % chance of confirmation). The result of this case can affect the XRP classification and its qualifications for ETF.