Anthony Bassili, president of Coinbase Asset Management, claims that crypto investors are heavily rooting for Bitcoin (BTC) and Ethereum (ETH), while Solana (SOL) is increasingly becoming the top contender for the third rank, leaving XRP behind.
Speaking at The Bridge conference in New York City, Bassili noted that while Solana is not yet universally accepted as the definitive “third asset”, it is clearly the one most institutions are evaluating.
Despite posting impressive gains this year, XRP still lags behind in key metrics that matter most to institutions, particularly network velocity and active liquidity participation.
According to Bassili, without strong signals of real-world usage, major investors are unlikely to elevate XRP into the top 3.
SOL Price Analysis: $300 Target Next?
As per the chart below, Solana is cooling down after a brief corrective phase, with current price action focused around the $142–$145 range.
SOL recently broke through a short-term descending trendline as well while buyers defended the lower support band shown in green.
If SOL breaks above $150, the next level to keep an eye on is the broader resistance cluster between $185 and $200.
Should bulls clear this red zone decisively, the next target is the $300 region, a potential 110% surge from current levels.
Source: TradingView
Notably, the Relative Strength Index (RSI) is recovering from oversold levels and the MACD is giving early signs of trend reversal.
Investors can expect SOL to turn volatile in the short term.
Preference for SOL
Bassili said that institutions are not merely following narratives but they are following data.
Solana’s expanding ecosystem activity, liquidity depth, and improving market structure make it lucrative while XRPL has yet to show similar strength.
Solana Speed Meets Bitcoin Security as $HYPER Presale Explodes Past $27 Million
While Solana prepares for a major breakout, Bitcoin Hyper ($HYPER) is bringing its speed and low fees to the world of Bitcoin.
This new Layer-2 solution uses the same powerful tech that powers Solana apps, allowing Bitcoin holders to send transactions in seconds, pay almost no fees, and access a whole new world of crypto apps.
Bitcoin Hyper keeps Bitcoin’s rock-solid security intact while solving its biggest problems, like slow speeds and limited utility.
Now, users can trade, stake, earn yield, and even mint NFTs without leaving the Bitcoin ecosystem.
So far, $27.8 million has poured into the presale, and the current token price is just $0.01325. The next increase hits in a few hours.
Early buyers can also stake $HYPER for up to 41% annual rewards.
To grab $HYPER at its current price, just head to the official Bitcoin Hyper website and connect a wallet like Best Wallet.
You can complete the purchase in seconds using crypto already in your wallet or simply pay with a debit or credit card.
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