{"id":25285,"date":"2023-12-27T17:00:31","date_gmt":"2023-12-27T17:00:31","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bnb-surges-to-above-310-as-its-market-cap-flips-solana\/"},"modified":"2023-12-27T17:00:31","modified_gmt":"2023-12-27T17:00:31","slug":"bnb-surges-to-above-310-as-its-market-cap-flips-solana","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bnb-surges-to-above-310-as-its-market-cap-flips-solana\/","title":{"rendered":"BNB surges to above $310 as its market cap flips Solana"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677435756548-4e17a87b-ccf6-491c-a78c-01090ec4bbae-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677435756548-4e17a87b-ccf6-491c-a78c-01090ec4bbae-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677435756548-4e17a87b-ccf6-491c-a78c-01090ec4bbae-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677435756548-4e17a87b-ccf6-491c-a78c-01090ec4bbae-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">BNB price has jumped 5% in the past 24 hours and 20% this past week to trade above $310.<\/li>\n<li dir=\"ltr\">The gains see BNB dethrone Solana in terms of market cap as SOL price dips following recent rally.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/bnb\/\">BNB<\/a> is trading more than 5% up in the past 24 hours and 20% in the past week as the Binance coin stages a comeback after a recent slump. \u00a0This follows Solana\u2019s remarkable surge and eventual flippening of both XRP and BNB that saw the cryptocurrency reach prices last seen in April of last year.<\/p>\n<h2 dir=\"ltr\">BNB back above Solana<\/h2>\n<p dir=\"ltr\">As Solana slumped amid increased profit taking over the Christmas period, BNB\u2019s market value rose. The native <a href=\"https:\/\/coinjournal.net\/binance-coin\/\">Binance coin<\/a> is currently trading above $310, prices last witnessed in June. Its market cap at the time of writing is $47.9 billion, overtaking Solana that has slumped to $46.3 billion.<\/p>\n<p dir=\"ltr\">BNB price is seeing a potential bullish run for the first time since slumping amid last month\u2019s <a href=\"https:\/\/coinjournal.net\/news\/changpeng-zhao-resigns-from-binance-us-board\/\">bombshell resignation<\/a> of Binance founder and former CEO Changpeng Zhao. BNB also came under downside pressure after the crypto exchange agreed a $4.3 billion settlement with US authorities.<\/p>\n<p dir=\"ltr\">The events saw BNB price drop from highs above $266 to under $225, continuing its macro downtrend. Data from market platform CoinGecko shows the grind back higher has been less notable compared with some of the outperformers in the past few weeks.<\/p>\n<p dir=\"ltr\">But as Solana cools its upside, BNB bulls are looking to retest the year-to-date levels near $350. As crypto analyst Rekt Capital highlighted on December 26, BNB has \u201cbroken its macro downtrend\u201d. It suggests a potential bull rally.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BNB<\/a> has broken its Macro Downtrend<a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&amp;ref_src=twsrc%5Etfw\">#BNB<\/a> <a href=\"https:\/\/t.co\/PnvqNMK2QW\">pic.twitter.com\/PnvqNMK2QW<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1739676041612796073?ref_src=twsrc%5Etfw\">December 26, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">If the euphoria around the potential approval for a spot Bitcoin ETF nudges altcoins higher, BNB bulls could eye the all-time high above $686.<\/p>\n<p dir=\"ltr\">The BNB price of $311 as of December 27 is about 55% off that peak.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bnb-surges-to-above-310-reclaims-top-4-spot-from-solana\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) BNB price has jumped 5% in the past 24 hours and 20% this past week to trade above $310. The gains see BNB dethrone Solana in terms of market cap as SOL price dips following recent rally. BNB is trading more than 5% [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25285"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25285"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25286"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}