😱🚀Top 2 Altcoins that may explode in July 2024
Solana ($SOL ) continues to lead blockchain innovation, especially in the decentralized finance (DeFi) sector. Its architecture is optimized for building decentralized applications (DApps) by leveraging a unified proof-of-history (PoH) and proof-of-stake (PoS) model to increase transaction speeds.
Currently, Solana price is at $141, down 2% in the last day. Despite this, last year SOL increased by 736%. This data from defilLIema highlights network strength seen in Total Value Locked (TVL) and active DApp usage.
The growth in open interest since the beginning of the year underscores Solana's strong position in the competitive tier-one cryptocurrency arena. As noted in “Highest Open Interest: June Edition,” he is currently a key figure in the expanding altcoin market.
3.Binance (#BNB )
Binance ($BNB ), the world's leading cryptocurrency exchange in terms of daily trading volume, aims to revolutionize global finance with its comprehensive offerings. The name “Binance” reflects its innovative approach to financial markets by blending the concepts of “Binary” and “Finance”.
The Binance ecosystem extends far beyond the exchange platform. It includes Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and various research initiatives. Each item uses blockchain technology to redefine finance in the digital age. Binance Coin (BNB) is vital for the seamless functioning of these services.
As of June, Binance had the highest open interest in altcoins at a staggering $18.70 billion. Today, the price of BNB stands at $569, with a slight decrease of 0.91% in the last 24 hours. Again,
BNB remains the fourth largest cryptocurrency by market cap, currently reaching $84 billion.
