- Despite the Bitcoin dip, Solana (SOL) price appears to be on the uptrend.
- SOL has overtaken BNB in total market cap.
- In the last 24 hours Binance coin (BNB) has dropped to rank 5.
Amidst Bitcoin’s slow ATH recovery, the altcoin sector is slowly heading towards its much-awaited boom. In particular, SOL price is up by 7.8% in the last 24 hours and up by 40% in the last 7 days. The asset has now surpassed BNB claiming rank 4 in terms of largest market cap.
Read CRYPTONEWSLAND on
google news
In detail, the price of SOL now stands at $208 whilst BNB price is at $569. Despite SOL taking the higher rank in market cap BNB price is still higher. BNB price is only up by 8.4% in the last 7 days.
The crypto market tends to be a volatile space, it is precisely this that offers crypto traders the opportunities to change their lives. SOL during the last crypto bull cycle was a new contender. Since then the blockchain has welcomed multiple projects and DApps onto its platform making it a hub for activity.
With so much volume on the blockchain it was only inevitable for SOL to gain more popularity. However, the BNB Chain has also developed considerably since the last crypto bull cycle and is likely yet to make a significant rally.
Both assets have already had remarkable surges at the start of this new crypto bull cycle. Yet, new ATHs still haven’t been made. The question on every crypto trader’s mind now is, when will it beat its ATH and how high will this price be set?
As for how SOL overtook BNB, this perhaps has to do with the strife being faced by Binance’s previous CEO Changpeng ‘CZ’ Zhao. Until new management wins the grater favor of CZ’s fans, the BNB price may lag.
Meanwhile, many crypto traders await a truly bullish wave for altcoins such as SOL, BNB, ETH, VET, and many more. Many speculate the altcoin season has yet to begin and once they do grand price surges may be in order. All in all, SOL’s latest move affirms its strong essentials and strong community support.
Read also:
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
