Solana Price Forecast: Institutions Favor SOL Over BTC, ETH, and XRP – Is a Significant Flippening Beginning?

SOL exchange-traded funds (ETFs) bucked the trend of the declining market by achieving significant net inflows last week, indicating robust institutional interest and bolstering optimistic Solana price forecasts.

According to data from CoinShares, while XRP ETFs experienced outflows of $18.2 million, investors directed $17.1 million into Solana funds.

Consequently, the total assets in all exchange-traded products (ETPs) associated with SOL climbed to $3.37 billion.

In contrast, Bitcoin (BTC) and Ethereum (ETH) products faced substantial outflows of $1.09 billion and $630 million, respectively.

This widening gap between BTC, ETH, and XRP funds compared to Solana products might signal that Wall Street is beginning to shift its attention from traditional assets to Solana.

Is there potential for SOL’s price to rise as a consequence of this trend?

Solana Price Prediction: SOL Must Remain Above $120 to Continue Its Recovery

In the last 24 hours, SOL has increased by 1%, surpassing all other tokens within the top 5.

Trading volumes have slightly decreased, implying that the recent selling pressure may be diminishing.

Source: TradingView

The recent price movement has broken free from a descending price channel and is currently receiving support at the upper limit of this formation.

If SOL can maintain its position above $120, it will enhance the likelihood of a breakout beyond $125. Such a movement could trigger a more robust rally toward at least $147, representing an 18% upside potential in the short term.

Coupled with Wall Street’s ongoing interest in SOL, the present situation favors a positive outlook.

Furthermore, as institutional interest continues to rise, leading crypto presales within the Solana ecosystem, such as Bitcoin Hyper ($HYPYER), will benefit from this trend.

This initiative has successfully raised over $31 million to launch the first genuine Bitcoin L2, introducing Solana’s impressive speeds and minimal transaction costs to Bitcoin.

Bitcoin Hyper ($HYPER) Sets the Stage for the Introduction of Native DeFi and Payment Applications

Bitcoin Hyper ($HYPER) is an exciting new presale that aims to integrate Solana’s technology with Bitcoin.

This L2 facilitates the application of Solana’s programmability on the Bitcoin blockchain, enabling developers to create DeFi applications, payment solutions, and even meme coin launchpads that BTC holders can access without departing from the original blockchain.

As a result, investors will finally have the opportunity to earn yields, stake, lend, and trade the leading cryptocurrency at a low cost and with rapid speed. A new chapter for BTC is about to commence, and Bitcoin Hyper is making it achievable.

Central to Bitcoin Hyper’s ecosystem is the $HYPER token, which drives every transaction across the network. As more users, developers, and exchanges embrace this swift new layer for Bitcoin, demand for $HYPER is expected to rise.

Don’t miss the opportunity to get in early on $HYPER while the presale is still ongoing. Visit the official Bitcoin Hyper website, connect your wallet (like Best Wallet), and secure your tokens before prices increase.

You can purchase using USDT, USDC, ETH, or even a bank card with 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.