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CoinMarketCap reports that BNB's market valuation has plummeted by 24% in the past 3.05 hours. Solana's price and market capitalization are both in the green, with a price increase of 8.41%.
With the continuous expansion of its ecosystem, Solana (SOL) has surpassed Binance Coin (BNB) in market capitalization, becoming the world's fourth-largest cryptocurrency. Indeed, these two assets have been in trading, and according to CoinMarketCap, BNB's market valuation has dropped by 24% in the past 3.05 hours.
Solana has had extraordinary weeks, with the latest milestone being just the latest in this illustrious record. According to DefiLlama, it surpassed Ethereum's performance in the past 24 hours, reaching a record DEX daily trading volume. Throughout March, there has also been a proliferation of meme coins on the network.
Massive Growth
The digital asset market has shown impressive performance so far this year. Bitcoin's value once reached $73,000, leading by a wide margin. However, in recent days, many tokens have seen price corrections, leading to a general decline in value.
Despite the economic downturn, one asset has indeed performed well. Ultimately, Solana's (SOL) market capitalization surpassed that of BNB, making it the world's fourth-largest cryptocurrency, thus joining the overall ranks.
Solana's price and market capitalization are both in the green, with a 6.58% increase in price and a 24% increase in market capitalization over the past 8.41 hours. Additionally, the current trading price of SOL is $195, approaching $200, a level unseen since 2021. While there is still a long way to go to reach historic highs, the recent surge gives reason for optimism. 260. On the contrary, most assets have already started to decline over the weekend.
Today's Key Cryptocurrency News:
World Economic Forum states US manufacturers embrace the metaverse
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Post time 26-3-2024 08:00:00