SOL may no longer be treated as a secondary “altcoin” in the eyes of U.S. laws, as a new bill aims to place it right next to Bitcoin.
This favors a bullish Solana price prediction at a point when Wall Street’s appetite for cryptos seems to be growing.
Congress has been discussing the Clarity Act to provide crypto companies with much clearer rules to promote their projects to investors.
One of the key proposals within the bill includes a provision that gives SOL, DOGE, and XRP the same treatment as BTC and ETH as “non-ancillary” assets.
Institutional adoption of cryptocurrencies and blockchain technology is accelerating lately. In addition, investors have been piling into Solana’s recently launched ETFs, pushing the combined value of their assets to $1.2 billion, as per data from SoSoValue.
If lawmakers pass the Clarity Act and Solana gets this special treatment, it would boost the project’s credibility, which will likely persuade investors who are still on the sidelines.
Solana Price Prediction: SOL Forms Bullish Pattern and Eyes 17% Gain
The 4-hour chart shows that a bullish pattern called a “cup and handle” has formed lately, setting the stage for an explosive move that could push SOL to $168 over the next few days.
Source: TradingView
The project has already broken above the pattern’s neckline, which confirms its bullish bias. Trading volumes rose once the breakout occurred, confirming its technical relevance as well.
The price may hover near this $140 support level, but will likely start to climb toward its target if positive momentum resumes.
If that’s the case, SOL would be offering a 17% upside potential at the time of writing. That said, the price must stay above $140 to keep the pattern alive.
Solana’s ecosystem has also been growing lately. A top crypto presale called Bitcoin Hyper ($HYPER) plans to leverage this blockchain’s efficient architecture to launch the first real Bitcoin L2 and has raised over $30 million to make it happen.
Bitcoin Hyper ($HYPER) Presale Surges Past $30M as It Brings Solana-Level Speed to Bitcoin
Bitcoin Hyper ($HYPER) is a new presale project transforming what Bitcoin can do by introducing the first true Layer-2 powered by Solana’s fast and efficient technology.
For the first time, BTC holders will be able to stake, lend, earn yield, and use decentralized apps without leaving the Bitcoin ecosystem.
By solving the long-standing issues of speed, high fees, and lack of smart contract support, $HYPER is creating a foundation where DeFi, NFTs, and real utility can finally thrive on Bitcoin.
This vision is already gaining serious momentum. The presale has raised over $30 million, with growing support from wallets and rising interest across the crypto space.
How to Buy $HYPER Before Listings Go Live
To get in early, visit the official Bitcoin Hyper website and connect any compatible wallet such as Best Wallet.
You can swap USDT or SOL for $HYPER, or use a bank card to complete your purchase in seconds.
Visit the Official Bitcoin Hyper Website Here
The post Solana Price Prediction: New Crypto Bill Could Give SOL Same Legal Status as Bitcoin – Are Institutions Coming? appeared first on Cryptonews.
