Due to the massive Solana (SOL) price increase in 2023, the altcoin has nearly flipped the market cap of XRP, the fourth biggest cryptocurrency.

Solana currently has a market cap of $32.9 billion, slightly less than the $33.1 billion of XRP. If SOL surpasses it, it can move toward BNB, which has a market cap of $39 billion.

BNB Bounces From Range Low

The BNB price has traded in a long-term horizontal range since the start of 2022. While the price has moved above and below these levels several times, it never managed to sustain the movement, falling inside the confines of the range again.

More recently, BNB fell below the range low in October (green circle. However, it reclaimed it shortly afterward and has increased since. The upward movement caused a reclaim of the range low of $215. The BNB price now trades inside an intermediate resistance area.

Traders utilize the

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Author: Valdrin Tahiri

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