US Inflation Data Lower Than Expected, BTC Rises Then Quickly Adjusts – 2 Potential Altcoins

Last Wednesday, the inflation data for America was released, showing an increase of 2.4% in May - lower than the forecast of 2.5% from analysts. This information caused Bitcoin to quickly surge to the mark of 110,300 USD, but then it also quickly adjusted back. The financial market, including the cryptocurrency market, is also influenced by the latest statements from former President Donald Trump regarding progress in trade negotiations with China, as well as the possibility of new tariffs. However, despite short-term fluctuations, the cryptocurrency market has maintained relative stability as investors turn their attention to the upcoming meeting of the Federal Reserve America (Fed) next week. In this context, a prominent analyst has made a statement about two altcoins with strong growth potential, despite short-term market disturbances. These coins not only have solid foundations but also benefit from advancements in the ETF space – which could help their prices stabilize and grow in the near future. Altcoin 1: SUI – "Dark horse" is about to launch Spot ETF According to analysts, SUI is quietly preparing for a strong growth surge. The investment firm 21Shares recently submitted an application for approval of a Spot ETF fund for SUI, and the U.S. Securities and Exchange Commission (SEC) is currently reviewing the application. The Sui network is developing very quickly, with a trading volume exceeding 100 billion USD and a total value locked of (TVL) reaching 1.77 billion USD. Notably, about 10% of the TVL comes from assets linked to Bitcoin, along with an increase in the use of stablecoins – this makes Sui increasingly popular among developers and traders. Regarding technical analysis, SUI has maintained an upward trend since the bottom in June, similar to many other coins. The important support zone to watch is from 3.27 to 3.43 USD. As long as the price stays above this range and the current correction is only a short-term adjustment, it is highly likely that the upward trend will continue. If SUI surpasses the 3.57 USD mark, it could confirm a new, stronger upward wave. Altcoin 2: Solana (SOL) – Ready for the ETF boost For Solana (SOL), two ETF companies, Rex Shares and Osprey Funds, are reportedly negotiating with regulators to launch a Spot ETF for SOL. According to sources from Blockworks, the approval of the ETF for Solana could take place within the next 3 to 5 weeks. Analysts assess that if the ETF is approved, SOL could completely enter a strong bullish phase. The possibility of the ETF being approved for Solana is currently estimated to be up to 90%, comparable to other major coins such as Litecoin, XRP, and Dogecoin. Technically, the price of SOL has recently surpassed the threshold of 165 USD. Experts believe that if SOL breaks through the 180 USD mark, it could aim for the next target of 225 USD. As of now, SOL is adjusting down more than 4%, which is considered a buying opportunity at a discount. Summary Although the market is affected by economic data and geopolitical factors, well-grounded and potentially ETF-backed altcoins such as SUI and SOL are attracting investors' attention. With important technical milestones and positive legal developments, these two coins are likely to become leading names in the coming period.