Solana (SOL) Overtakes Binance Coin (BNB) as Fourth Largest Crypto

• CoinMarketCap reports a 3.05% drop in BNB’s market valuation during the last 24 hours.
• The price and market capitalization of Solana are both in green, with price rising by 8.41%.

In keeping with the ecosystem’s ongoing expansion, Solana (SOL) has surpassed Binance coin (BNB) in market capitalization to become the world’s fourth biggest cryptocurrency. True enough, the two assets have been trading places, with CoinMarketCap reporting a 3.05% drop in BNB’s market valuation during the last 24 hours.

Solana has had a remarkable few weeks, and the latest milestone is only the latest in that stellar streak. According to DefiLlama, it surpassed Ethereum’s performance in the previous 24 hours, reaching a record DEX daily volume number. All through March, the network also saw a boom in a multitude of meme coins.

Massive Growth

There has been remarkable performance in the digital asset market since the beginning of the year. At one time, Bitcoin’s value reached $73,000, putting it in the lead. But in the last few days, a lot of tokens have had price corrections, which has led to a general decline in value.

Despite the downturn, one asset has really been doing very well. Finally, it has propelled it into the overall ranks, as Solana (SOL) has surpassed BNB in market capitalization to become the fourth biggest cryptocurrency in the world.

The price and market capitalization of Solana are both in green, with price rising by 8.41% and market cap by 6.58% in the last 24 hours. Also, currently trading at $195, SOL is getting closer to $200, a level it hasn’t seen since 2021. Recent gains have given reason for hope, even if it has a long way to go before it reaches its all-time high of $260. Conversely, the majority of assets have begun the weekend decline. 

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