SOL exchange-traded funds (ETFs) defied the market’s downtrend as they booked high net inflows last week, reflecting strong institutional interest and adding fuel to bullish Solana price predictions.
Data from CoinShares shows that, while XRP ETFs saw $18.2 million in outflows, investors poured $17.1 million into Solana funds.
As a result, the total assets held in all exchange-traded products (ETPs) linked to SOL rose to $3.37 billion.
In contrast, Bitcoin (BTC) and Ethereum (ETH) products experienced huge outflows of $1.09 billion and $630 million, respectively.
This growing divide between BTC, ETH, and XRP funds versus Solana products could be an early sign that Wall Street is shifting its focus away from the old guard and backing Solana instead.
Can the price of SOL rise as a result of this trend?
Solana Price Prediction: SOL Needs to Stay Above $120 to Keep Recovering
In the past 24 hours, SOL has surged by 1%, outpacing all other tokens in the top 5.
Trading volumes have subsided a bit, suggesting the latest wave of selling may be losing steam.
The price action recently broke out of a descending price channel and is currently finding support at the upper bound of this setup.
If SOL manages to stay above $120, this will increase the odds of a breakout above $125. Such a move could set off a stronger rally toward $147 at least, meaning an 18% upside potential in the near term.
Paired with Wall Street’s persistent appetite for SOL, the current setup favors a bullish outlook.
In addition, as institutional interest continues to rise, top crypto presales within the Solana ecosystem, like Bitcoin Hyper ($HYPYER), will benefit from this trend.
This project has raised over $31 million to launch the first real Bitcoin L2, bringing Solana’s high speeds and low transaction costs to Bitcoin.
Bitcoin Hyper ($HYPER) Paves the Way for the Launch of Native DeFi and Payment Apps
Bitcoin Hyper ($HYPER) Bitcoin Hyper is a hot new presale that is bringing Solana’s technology to Bitcoin.
This L2 brings Solana’s programmability to the Bitcoin blockchain, allowing developers to launch DeFi apps, payment platforms, and even meme coin launchpads that BTC holders can use without leaving the OG blockchain.
As a result, investors will finally get to earn yield, stake, lend, and trade the top crypto at a low cost and with lightning-fast speed. A new era for BTC is about to start, and Bitcoin Hyper is making it possible.
At the core of Bitcoin Hyper’s ecosystem is the $HYPER token, which powers every transaction across the network. As more users, developers, and exchanges adopt this fast new layer for Bitcoin, demand for $HYPER is set to surge.
Don’t miss your chance to get in early on $HYPER while the presale is still live. Visit the official Bitcoin Hyper website, connect your wallet (like Best Wallet), and grab your tokens before prices rise.
You can buy using USDT, USDC, ETH, or even a bank card in just a few clicks.
Visit the Official Bitcoin Hyper Website Here
The post Solana Price Prediction: Institutions Just Picked SOL Over BTC, ETH, and XRP – Is This the Start of a Massive Flippening? appeared first on Cryptonews.
