Solana is targeting a $100 billion market cap, challenging Binance Coin’s approximately $120 billion status. Solana’s recent rise of nearly $10 billion puts it on an upward momentum, with expectations for further growth.
The SOL/BNB ratio showed a bullish trend, climbing by 4.5% in August. To match BNB, Solana needs to reach a price of approximately $234, indicating the potential for a significant market shift.
Despite Solana’s recent successes, Binance Coin remains strong, hitting new all-time highs. The competitive dynamics suggest that while Solana is gaining ground, it still faces tough challenges from Binance to claim a higher market position.
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