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Solana Surges Past BNB in Market Cap, Targets $300
Solana has officially flipped BNB to become the fifth-largest cryptocurrency by market capitalization, powered by both technical and fundamental momentum.
Following last month?s spot ETF approval in the U.S., Solana has seen increased institutional and retail interest.
The network continues to lead the meme-coin boom, outperforming platforms like Base and BNB in terms of token launches and activity.
In terms of value bridged on-chain, Solana ranks third?behind only Ethereum and Tron, which benefits from its growing stable-coin presence across exchanges and payment platforms.
From a technical perspective, Solana has broken out of a bullish cup-and-handle pattern, opening up a price target of $280. A strong rally could even retest its all-time high of $295.
Source: https://x.com/RaydiumProtocol/status/1947374262362198334
https://www.theblock.co/solana-etf-live-chart
https://coinmarketcap.com
https://defillama.com/chains
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