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wait is this the start of the BSC memecoin season 🚀?! what’s with BNB hitting 1K USD, surpassing
The surge in BNB’s price dominance over Solana, fueled by BSC’s market activity, indicates a shifting landscape within the crypto space, potentially
The price of BNB crypto surpassed $1,000, overtaking Solana, with BSC seeing a surge in excitement. BNB’s price is about $1,015, while Bitcoin remains at $116,000 post a Fed-induced price drop. BSC’s daily volume spiked by 148%, indicating a potential market shift. BNB’s market cap now exceeds Solana’s at $138 billion. Both BSC and Solana face decentralization criticisms, but BSC’s performance is currently stronger.
(Source – Coingecko)
BNB’s recent price movement reflects its 2021 cycle, marked by chip burns and Binance’s expansion. With Binance enhancing surveillance, momentum is building. BNB’s supply contraction, with 139 million in circulation and disappearing supply, is a factor Solana lacks. BSC is witnessing increased activity, with notable coins performing well due to BNB’s influence and cost-effectiveness.
(Source – Broccoli, Coingecko)
BSC’s daily volume surpassing $2.5 billion signals significant capital movement. Short BNB positions worth over $11 million were recently reinstated, while Fear & Greed index is neutral, setting the stage for the next market move. The outlook for
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