Solana’s trading volume exceeds $6 billion, affirming its significant market presence and investor interest. Investor sentiment towards Solana remains bullish, with expectations of increased retail interest driving potential growth. Solana (SOL) has emerged as a formidable player, showcasing remarkable growth in recent times. Renowned for its swift transaction processing and resilient infrastructure, Solana has shattered key resistance levels, signaling a trajectory toward unprecedented highs.
has broken all major levels standing in the way of new all-time highs.Been comfortably holding this one since $20, and I don't plan on selling anytime soon.New retail will flock to solana tokens, and buying SOL is their your entry ticket.Send it higher. pic.twitter.com/iKajOscmOL
— Jelle (@CryptoJelleNL) March 13, 2024 Over the past week, Solana has demonstrated a promising surge of 14.85%, outpacing the broader market’s growth rate of 11.20%. Despite slightly trailing behind other Layer 1 protocols in terms of growth, Solana’s upward momentum remains robust at 14.90%, underlining growing investor confidence and the competitive nature of the blockchain sector. At present, Solana commands a trading price of $152.06, with a staggering trading volume surpassing $6 billion within the last 24 hours. With a circulating supply of 440 million SOL coins, its market capitalization stands tall at approximately $67 billion, solidifying its status as a major player in the cryptocurrency realm. Investor sentiment toward Solana is overwhelmingly positive, with anticipation of heightened retail interest expected to drive further investments into its ecosystem. Enthusiasts of the cryptocurrency are optimistic about its potential to scale new heights in terms of market valuation, fueled by its technological prowess and expanding adoption. Solana’s current trajectory serves as a compelling case study of a cryptocurrency navigating through market dynamics.
Join us on Binance Live next Thursday, 14th March at 12:00 pm UTC, for an enlightening session on Bitcoin's Halving Event. Sam Sow from the Binance Live Team, will be the host for this event.
In the first part, we will introduce Bitcoin and delve into the fundamentals of blockchain technology that underpin it, helping beginners and enthusiasts alike comprehend the basics.
The next part will be all about Bitcoin Tokenomics. Gain a solid understanding of how Bitcoin is structured economically, exploring aspects like its supply limits, distribution mechanisms, and more.
The session will culminate with an explanation of Bitcoin's Halving events. Learn about their significance, the mechanism behind their occurrence, and their impact on Bitcoin's valuation and overall crypto ecosystem.
After seeing many posts suggesting that PEPE could reach $1 or even $10 by 2025, I felt compelled to explain why this is unlikely and merely a fantasy. While PEPE is fun and popular, talking about such high prices can mislead newcomers to cryptocurrency. For PEPE to hit $1 with its current supply, it would need a market cap of $420.69 trillion. To put this in perspective, Bitcoin's market value is around $1.22 trillion. So, PEPE would need a market cap about 400 times higher than Bitcoin's. According to a 2023 report, the total money in circulation globally is roughly $40 trillion, including physical money and savings. Even if 90% of PEPE's supply was burned, it would still need a market cap of $42 trillion to reach $1, which exceeds the total global money supply. The only scenario where PEPE could reach $1 is if the US dollar experienced hyperinflation like the Zimbabwean dollar did, leading to extreme devaluation. However, let's hope it never reaches that level. Thankfully, cryptocurrencies like Bitcoin serve as assets and stores of value, offering protection against government economic mismanagement.
We hope you found this post helpful and consider following for more insights.
Binance Inscriptions Marketplace Airdrop: Trade to Share Over $1,000,000 Worth of Rewards!
Binance Inscriptions Marketplace Airdrop: Trade to Share Over $1,000,000 Worth of Rewards!
2024-02-22 14:00

BTC/FDUSD
53,562.01
+3.98%
This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,
Binance Inscriptions Marketplace is thrilled to introduce a limited-time activity, where users who complete qualified trade(s) at Binance Inscriptions Marketplace during the Activity Period will stand a chance to share over $1,000,000 worth of tokens, contributed by RATS, AINN, BDIN, MMSS, BIDP, BRC20.com, ORNJ, NEWU, MUBI, INDS, DEPD, ROUP and ITNP.
Activity Period: 2024-02-22 13:00 (UTC) to 2024-04-03 23:59 (UTC)
How to Participate
Step 1: Click [Join Now] on the activity page to participate. Users will only have to opt-in once for the entire duration of the activity.
Step 2: For each Airdrop Week during the Activity Period, complete at least one successful trade (buy or sell) on a featured token at Binance Inscriptions Marketplace to qualify for the respective airdrop rewards, as per the table below.
Breakdown of the Rewards Pool:
Airdrop Week
Airdrop Week’s Start and End Dates and Times
Airdrop Week’s Featured Tokens
Airdrop Week Prize Pool
Airdrop Week Trading Requirement
Reward per Winner** in Each Airdrop Week
1
2024-02-22 13:00 (UTC) to 2024-02-28 23:59 (UTC)
RATS
$24,000 in RATS
Complete at least one trade (buy or sell) on RATS or AINN at Binance Inscriptions Marketplace during the Airdrop Week.
1st - 24th Places: $1,000 in RATS each
25th - 124th Places: $1,000 in AINN each
AINN
$100,000 in AINN
2
2024-02-29 09:00 (UTC) to 2024-03-06 23:59 (UTC)
BDIN
1.6M BDIN*
To be announced on @Web3WithBinance at least one day.