Solana Marketplace passed BNB, securing 4th place
Solana's SOL token has overtaken Binance's BNB token to become the fourth largest cryptocurrency by market capitalization.
The SOL token rose by 7.56% to trade at $112.52 in the 24 hours to 1:50 pm UTC, surpassing the BNB coin. Solana's $49.36 billion market cap is 1.74% higher than BNB's $48.5 billion market capitalization, according to CoinMarketCap data.
Solana's price increase comes as the Crypto Fear and Greed Index hit an all-time high in November 2021, the day Bitcoin hit $69,000. The spike in the index came a day after Bitcoin surpassed $50,000 for the first time since December 2021.
Despite Solana Network's problems on February 6, SOL token managed to outperform BNB. Pyth's on-chain DAO constitution sparked the rally. This proposal aims to adopt the Pyth DAO Constitution as the decision-making framework of the Pyth DAO, a decentralized autonomous organization (DAO) that governs the Pyth network.
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This is a developing story, and more information will be added as it becomes available.
