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Solana, the local crypto token of the blockchain platform Solana Network, has recently surpassed Binance Coin. In this respect, Solana has reportedly secured the 4th position among the crypto assets in terms of ranking. Santiment, a prominent market intelligence company, disclosed the respective development on its official X account.
📈 Solana has made history today surpassing Binance Coin to move into the #4 spot in crypto for the 1st time in its 4+ years of trading. Expect the two assets to be in close proximity to one another, but SOL's +35% growth vs. BNB's +10% the past 2 weeks gives SOL the momentum. pic.twitter.com/Y9R3Wv5mv1
— Santiment (@santimentfeed) July 26, 2024
Solana Obtains 4th Spot in Crypto Ranking by Surpassing Binance Coin
In its recent X post, Santiment emphasized the importance of this event. As per the market intelligence firm, this development has taken place for the first time in more than 4 trading years. This landmark development denotes a testament to the increasing adoption of Solana. In addition to this, it also highlights the growing trust in the overall blockchain technology of Solana.
Over the recent 2 weeks, a more than thirty-five percent growth has been seen in Solana’s performance. In this way, the SOL token has significantly outpaced above ten percent increase of Binance Coin in the meantime. The respective value jump has permitted Solana to go beyond the Binance coin. This is an achievement that mirrors the crypto market’s dynamic nature. Both the tokens will predictably see fierce competition.
The Crypto Asset Has the Potential to Continue an Upward Trajectory
Even then, the recent performance of Solana signifies its resilient market status and potential to make further growth. Contrarily, Binance Coin maintains its position as a resilient contender within the crypto market. However, Santiment asserted that Solana has a good place in the market with great potential to continue an upward trajectory.