Solana Overtakes BNB
In the Crypto market, the top 10 coins are the projects that are not just popular but also strong projects in the market. If we go through the market cap then Bitcoin is leading at the top followed by Ethereum and the next one is the stablecoin USDT. After this, we had B N B followed by Solana but now this scenario has been changed. It is chained and now Solana has overtaken the slot whereas BNB is one slot behind in the coin market cap website.
It is proof that Solana is doing great in the market and its community is growing in terms of investment after the ETF for Ethereum probably the next coin can be Solana. A good sign for those who have invested in Solana and holding the coins but still we cannot ignore the value of BNB because it is the coin of one of the leading exchanges.
While this time BNB is on 5th rank and Solana is on 4th more or less both are solid projects in the crypto market and Solana has been doing great in the last couple of months. The community is big and even though the coin price is not as big as the other one but still the overall market cap has grown which is good for the project and it is also because there are so many projects built on the Solana blockchain network. This blockchain is getting more attention in the market because of scalability and also transactions are settled in real time with very low transaction fees. This is the technology part of the chain which many people don't understand but as far as the investment is concerned this can be a good project for the long run.
If we get to see the ETF coming for Solana in future then just imagine what price we are going to see for the Salona coin in the market. This can be a significant value appreciation also over the period but again this is not financial advice and what I'm sharing is based on the market situation as of now and it's good to see that Solana has overtaken BNB according to the market cap.
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Nice article, it's no suprise to see that happen, Solana have been poised to do that for long now, it's indeed quiet fitting that it's the 4th placed cryptocurrency on coinmarketcap.