by Coinstrooper Crypto Articles
Quick Take
  • Nonetheless, Solana is growing at a much faster rate, which could shorten the number of years that it would take the network to surpass its top competitor.
  • BlackRock’s USD Liquidity Fund is the largest program within Solana’s RWA ecosystem with more than $200 million in assets.
  • Solana (SOL) seems to be ready to retest the $130 support today.
  • However, its price action continues to favor a bullish outlook as an ascending price channel has formed.

What Happened

As Solana continues to showcase its technical robustness and practical use cases, more institutional players like BlackRock could launch new initiatives to expand their footprint in the RWA space.

Although the market has taken a breather lately, investors’ interest in top crypto presales in the Solana ecosystem, like Bitcoin Hyper ($HYPER), keeps growing.

Market Context

The Solana blockchain just crossed the $1 billion milestone in real-world assets (RWA), a major signal that strengthens the long-term bullish Solana price prediction.

This has positioned Solana in the third spot. In this particular market, the blockchain still has a lot of work to do to overthrow Ethereum as the latter boasts a total of $12.8 billion in RWAs – over 12x more than the former.

BlackRock’s USD Liquidity Fund is the largest program within Solana’s RWA ecosystem with more than $200 million in assets.

Solana Price Prediction: SOL Hits Key Support at $130

Solana (SOL) seems to be ready to retest the $130 support today. However, its price action continues to favor a bullish outlook as an ascending price channel has formed.

This means Bitcoin holders can access things like staking, trading, and on-chain applications, without having to move funds away from the Bitcoin ecosystem.

The post Solana Price Prediction: $1 Billion in Real World Assets Just Landed on SOL – Is SOL About to Overtake Ethereum? appeared first on Cryptonews.

Why It Matters

Nonetheless, Solana is growing at a much faster rate, which could shorten the number of years that it would take the network to surpass its top competitor.

The Relative Strength Index (RSI) has also sent a sell signal as it broke below the 14-day moving average.

However, as long as the $130 level holds, we should get a strong bounce to $150 shortly. Meanwhile, if we break this barrier, SOL could retest $110 in the near term.

Details

According to data from RWA.xyz, the total value of tokenized RWAs on Solana surged by 17% over the past 30 days, highlighting growing adoption from institutions and DeFi protocols alike.

In the past 24 hours, the token has shed 6% as selling pressure increased significantly during the Asian session following a quiet weekend.

Bitcoin Hyper Is Bringing Solana’s Speed to Bitcoin, Unlocking a New Way to Use BTC

Bitcoin Hyper ($HYPER) is a hot new crypto presale bringing Solana-style speed to the Bitcoin ecosystem.

It is the first-ever Bitcoin Layer 2 with smart contract support, allowing BTC to be used for more than just holding.

With over $30 million already raised during its public presale, Bitcoin Hyper is quickly gaining attention as a project aiming to unlock new utility for Bitcoin users.

A new phase for how Bitcoin can be used is starting, with Bitcoin Hyper focused on bringing programmability to Bitcoin while keeping BTC within the Bitcoin ecosystem.

The $HYPER token powers this Bitcoin Layer 2, supporting transactions, presale staking rewards, governance participation, and access to applications built directly on Bitcoin Hyper.

To take part in the $HYPER presale, visit the official website and connect any compatible wallet (such as Best Wallet)

From there, secure early access to $HYPER using USDT, ETH, BNB, or a bank card.