The government of Bhutan has decided to launch a new gold-pegged token on the Solana blockchain, further enhancing the network’s credibility and fueling increasingly bullish Solana price predictions.
The name of the token will be TER and it is the result of the collaboration of multiple financial institutions and fintech companies like DK Bank and Matrixdock Technology.
Through TER, Bhutan residents will now be able to invest in gold safely via blockchain technology.
Minting the asset in the Solana blockchain ensures that users can trade it at a low cost, as this smart contract platform is much more scalable than its top rival, Ethereum.
Bhutan has been mining Bitcoin for years by using renewable sources of energy and currently holds over 6,000 BTC tokens, worth over $500 million, as part of an ongoing effort to modernize its economy.
Solana Price Prediction: SOL Hits Key Resistance – Can It Reverse Its Downtrend?
The price of Solana (SOL) has reacted positively to the news and has jumped 5.4% in the past 24 hours to $138.4.
SOL is hitting a key resistance that matches the upper bound of its latest descending price channel. The token has been consolidating for a few days, trading between $130 and $145 as the market struggles to find direction.
Now that the Fed has cut interest rates for a third time, it is up to the market to determine if conditions are sufficient to support a move higher for SOL.
If Solana breaks above the $150 level, it could trigger a full trend reversal, setting the stage for a potential rally back to $200.
On the flip side, a drop below $130 would open the door to a deeper correction, though for now, that outcome looks less likely as momentum continues to build.
While Solana eyes its next move, a far bigger opportunity is emerging on Bitcoin.
Bitcoin Hyper ($HYPER) is one of the best crypto presales right now, bringing Solana’s speed and low fees to Bitcoin, turning it into a true high-performance chain.
Bitcoin Hyper ($HYPER) Brings Solana’s High Speed and Low Costs to the Bitcoin Blockchain
Bitcoin Hyper ($HYPER) is giving Bitcoin the upgrade it needs, combining the power of Solana’s technology with the security of the Bitcoin network.
Built using Solana’s SVM, Bitcoin Hyper brings lightning-fast speed and ultra-low fees to Bitcoin, unlocking real utility like staking, yield generation, DeFi, NFTs, and more.
The key to this is the Hyper Bridge, which safely stores BTC and lets users mint a usable version on the Layer 2.
From there, they can access a growing list of apps, earn passive income, and trade with near-instant settlement — all while staying backed by real Bitcoin.
With nearly $30 million raised, Bitcoin Hyper is gaining serious traction, and as more exchanges and wallets adopt it, the value of $HYPER could rise fast.
This is one of the most promising Bitcoin Layer 2 projects to watch, and early buyers are getting in before the rest of the market catches on.
To buy $HYPER before the presale ends, simply head to the Bitcoin Hyper official website and link up a compatible wallet like Best Wallet.
You can complete the transaction in seconds by swapping crypto or using a bank card.
Visit the Official Bitcoin Hyper Website Here
The post Solana Price Prediction: SOL Chosen for Sovereign Gold Token – Are Countries Using Solana Now? appeared first on Cryptonews.
Credit: Source link
