Main to remember: Solana and Binance have different market positions: Solana attracts American institutional flows while Binance is backed by Asian capital. This shapes their performance. Solana is nearing Binance Coin in market cap. The Sol/BNB pair has been showing interesting movement, hinting at potential shifts in rankings.
The American flows favor Solana while Binance gets Asian support. Institutional flows impact their performance. Solana faces macro US oscillations, while Binance focuses on community expansion. Price action reflects these differences, with Solana experiencing solid gains but still below its peak, influenced by market conditions. Binance closely follows Bitcoin’s movements.
https://altcoin.observer/solanas-us-backing-vs-binances-asian-capital-who-will-win-this-battle/
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