Institutional investors have been hailed for bringing maturation to the cryptocurrency market. One project that has enjoyed this trend in 2023 is Solana. In other news, the excitement from a Bitcoin spot ETF approval has caused prices to rise. The two cryptos that have benefited from this trend are XRP and Bitcoin Spark.XRP price has reached a two-month high of $0.5642.
Last week, Solana received $15.5 million from institutional investors. On the flipside, Ethereum saw outflows. Year-to-date, Solana now has $74 million in institutional investment inflows, second only to Bitcoin. The XRP value has set a new two-month high. Some analysts expect Ripple to win the XRP lawsuit against the Securities and Exchange Commission.
Bitcoin Spark is a fork of the Bitcoin network, but it’s designed in a way that attempts to be faster and has lower transaction fees than Bitcoin.