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Solana takes fourth place behind BNB: what will happen and will it hold?
#Solana has overtaken #BNB in terms of market capitalization to take the fourth place among cryptocurrencies. But will it be able to hold this position?
By the looks of it, things are going very well for the Solana robot.
The price of SOL has increased by more than 25%, overtaking BNB in the market capitalization ranking.
The market capitalization reached $51.6 billion, which is $49.75 billion more than BNB.
Solana's trading volume surpasses Coinbase's #bitcoin and #Ethereum trading volume.
Solana (SOL), known for its fast trading and scalability, has again overtaken #Binance Coin (BNB) to become the fourth largest cryptocurrency by market capitalization.
This is potentially a watershed moment, highlighting Solana's growing influence. However, traders are now wondering if this turnaround will continue or if Solana will lose its fourth position again.
In just one week, Solana's price has risen more than 23% thanks to significant growth, with Solana's market capitalization reaching $51.6 billion on Wednesday, February 14, surpassing Binance Coin (BNB)'s $49.75 billion.
Solana's impressive results are due to several factors. First, the broad rise of the cryptocurrency market created a favorable backdrop for growth-oriented assets like Solana. However, the bull market did not take into account the relative performance of SOL compared to other cryptocurrencies.
The most recent SOL-related event was the successful pre-sale of the Solana Chapter 2 cell phone, which sold 100,000 units. In addition, the recent popularity of the Bonk (BONK) meme coin in the Solana ecosystem has brought additional attention to the blockchain.
Will Solana be able to maintain its fourth position?
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