Solana coin (BNB), which has seen a continued rise in its ecosystem, has now surpassed Binance coin to be the 4th biggest cryptocurrency worldwide by market capitalization. In fact, both assets were swapping, and BNB saw its market capitalization fall by more than 5 percent over the last 24-hours, according to CoinMarketCap.
Solana’s most recent achievement continues a string of impressive weeks. According to reports, it recently achieved a DEX record daily volume, surpassing Ethereum’s performance in the past 24 hours. DeFi Llama. In addition, the network saw an explosion of meme coins throughout March.
Please Read This: Solana Daily DEX Volume Surpasses Record $3.5B
Solana is the 4th largest cryptocurrency in the world by market cap
Digital asset markets have shown impressive growth since January. Bitcoin led, with a peak of $73,000. Over the past few days, many tokens experienced price corrections, which have brought down prices across the board.
One asset, however, has thrived despite the correction. Finally, this has propelled it in overall rankings. Solana (SOL), has now flipped BNB into the 4th biggest cryptocurrency on the planet by market cap. Solana’s stellar performance has been accompanied by BNB’s market cap dropping 5% in the last 24 hour.
![Solana](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Solana-SOL-Flips-BNB-to-Become-4th-Largest-Cryptocurrency.jpg)
Please Read This: Solana [SOL] Post Halving Price Prediction
Solana’s token fell less than 1% in value over the previous day. The market cap has also seen minimal drops. SOL, which is trading for $190 is also getting closer to $200 in value. This is the first time that SOL has exceeded this mark since 2021. It is still far away from the all-time record of $260 but its recent performance gives reason for optimism.
The majority of assets started their weekend by dropping. BNB’s value, for example, has dropped by more than 5 percent in the last 24 hours. Bitcoin, which reached an all-time record on the 14th of March, has fallen to as little as $67,000. It is only a matter of time before we know how much the asset prices will correct.
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Source: watcher.guru