Solana Price Prediction Bolstered by Strong RWA Growth

Solana's price prediction is strengthening due to its growing real-world asset (RWA) deposits, which reached $75.4 million by August 19th. This represents 64.5% of the market tracked by Token Terminal.

While Ethereum recorded $337 million in outflows during the same period, Solana attracted $263 million in RWA inflows. This has led to a $600 million swing between the two networks.

The growth in tokenized stocks on Solana is also significant, with their value rising 16.1% to $1.2 billion during the period. Tokenized Treasuries can serve as cash-management instruments and collateral for institutions.

Despite this positive trend, traders are cautious about a possible break below the recent low of $95.13. A decisive break would invalidate the setup for a potential recovery towards $160 to $180.