Solana (SOL) climbed to a new all-time high of $263.21 on November 23, 2024, while Binance Coin (BNB)$BNB
It also broke a new record at $788.84 on December 4, 2024. This strong rise was supported by the positive atmosphere in the cryptocurrency market after Donald Trump won the US Presidential elections.
Trump’s crypto-friendly policies, especially the appointment of a new SEC chairman and the appointment of a “crypto czar” in the White House, have raised expectations in the market that regulatory uncertainty will ease. This has led to a general market rally, with many altcoins gaining value, led by Bitcoin (BTC). Solana and Binance Coin were among the main assets that attracted attention during this rally.
Both assets have retreated somewhat from their peaks, with Solana trading down 18% from its all-time high, while Binance Coin has pulled back 9.9%. However, according to CoinCodex’s analysis, the future potential of these two coins is still quite strong:
Binance Coin (BNB): Expected to reach $834.50 on December 30, 2024. This would represent an increase of approximately 17.88% from current prices.
Solana (SOL): It is predicted to reach $226.43 on the same date and show an increase of 4.84%.
Some analysts predict that Binance Coin will reach a new all-time high before Solana, but since the cryptocurrency market is quite volatile, these predictions can be affected by sudden market changes.
Solana continues to attract attention with its low transaction costs and fast transaction infrastructure. The ability to make transactions at high speed and low cost provides a great advantage, especially for decentralized finance (DeFi) and NFT projects. Binance Coin, on the other hand, maintains a strong position by benefiting from the growth of the Binance ecosystem. Binance Coin continues to be used in many Binance services as the platform's token and strengthens Binance's leadership worldwide.
Solana and Binance Coin, with their strong fundamentals, have the potential to climb to new heights by the end of 2024. Investors should make strategic decisions by carefully monitoring market movements. Both coins continue to offer growth potential in the future and seem to continue to be attractive options for investors.
Famous investor Robert Kiyosaki talked about altcoins that should be watched carefully after Bitcoin broke a record. Solana and Binance Coin seem to continue to be on investors' radars with their strong fundamentals and growth potential.
It will be important for investors to make strategic decisions about investing in these assets by conducting careful analysis.