Solana season could be coming in Q4 already, Bitwise says

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Solana is drawing attention heading into Q4 with new ETP filings, major institutional bets, and a speed-focused upgrade that could boost its profile. Its smaller market size means even limited inflows might move prices, though risks and timing will shape how far a rally can go.

Still, the existence of an ETP or treasury company alone isn’t enough to

guarantee a run-up. Ethereum itself saw ETFs approved in June 2024, yet it wasn’t until April this year that investor attention really ignited, thanks in part to rising interest in stablecoins, the Bitwise CIO argues.

Inflows could move price fast

Solana’s

pitch usually centers on speed, low costs, and scalability as the network can process far more transactions per second than Ethereum, at a fraction of the cost, and with rapid finality. An approved fundamental Alpenglow upgrade will also cut the time to finalize transactions from roughly 12 seconds to just 150 milliseconds, potentially making Solana one of the fastest networks in the space.

However, there’re still some tradeoffs. As Hougan admits, critics argue that Solana is able to make this happen because “it’s more centralized and fragile.” Yet it has attracted users, ranking third in stablecoin liquidity among programmable blockchains, behind Ethereum and TRON, and fourth in tokenized assets.

One key difference with Solana is scale. While Bitcoin’s market cap sits at $2.22 trillion and Ethereum’s at $519 billion, Solana’s is roughly $116 billion, which is about 1/20th of Bitcoin and less than 1/4th of Ethereum.

“Scaled for the size of the blockchain, a relatively small amount of flows into Solana could significantly impact prices. For instance, Forward Industries’ $1.6 billion purchase of Solana shares would be the equivalent of $33 billion in bitcoin purchases. This is offset somewhat by Solana’s higher annual inflation rate (~4.3%) compared to both bitcoin (0.8%) and Ethereum (~0.5%).”

Matt Hougan

For now, Solana remains a comparatively small player with ambitious growth targets. Yet technical and institutional backing could potentially give it a setup that could translate into a meaningful rally if the right flows and market sentiment align, Hougan suggests. For those watching the space, keeping an eye on Solana in Q4 might be worth it, but as always, risk remains high and surprises are the norm.

After a week of uncertainty and waning price movement, the Cardano price prediction is once again the focus of trader interest as the altcoin trades near $0.86. 

As price movement condensed into a small range, traders had been waiting weeks for Cardano to break out of its constricting triangle pattern, finally.

Investors are now assessing whether this increase signals the start of a long-term rally or a brief spike after the breakout gave ADA’s price trend fresh vitality. As Cardano looks to build momentum heading into the last quarter of 2025, sentiment is leaning cautiously bullish due to on-chain data indicating a buildup by whales and increased trading volume.

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