Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»BNB lost ground to Solana. Here’s why it’s not all bad news.
ALTCOIN NEWS

BNB lost ground to Solana. Here’s why it’s not all bad news.

By Crypto FlexsDecember 23, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BNB lost ground to Solana.  Here’s why it’s not all bad news.
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: December 23, 2023


  • BNB now ranks below Solana in terms of market capitalization.
  • BNB has witnessed a surge in demand over the past four days.

AMBCrypto reports that Solana (SOL) has surpassed Binance Coin (BNB) to become the fourth-largest cryptocurrency by market capitalization.

This comes a day after SOL surpassed XRP to take fifth place. At press time, SOL had a market capitalization of $42 billion. BNB followed with a market capitalization of $41 billion.

BNB holds its own.

Despite falling in the ranking of cryptocurrencies by market capitalization, BNB has seen a 6% price increase in the last 24 hours. During the same period, trading volume increased by more than 25%.

Looking at the price movement of the coin on the 24-hour chart, we see that the upward trend began on December 18th. Since then, it has grown by 16%.

At press time, the coin was trading at $274, its highest price since June, according to data from CoinMarketCap.

The price surge since December 18th was driven by increased demand for BNB, which key momentum indicators accurately depicted.

The coin’s Relative Strength Index (RSI) and Money Flow Index (MFI) are at 71.49 and an overbought high of 69.57 at the time of writing.

At these values, these indicators show that BNB accumulation is significantly outpacing coin selling among day traders.

The Accumulation Distribution Line (ADL) has increased by 1% over the past four days, seeing a surge in demand for BNB.

ADL measures the underlying supply and demand for an asset, and it does this by determining whether traders are actually buying or selling the asset.

During periods of a strong uptrend or downtrend, ADL moves in the same direction as the price, confirming the current trend.

At the time of this writing, BNB’s ADL is $657.97 million, which has been trending upward along with the price since the price rally began on December 18th.


Is your portfolio green? Check out our BNB Profit Calculator


Additionally, the coin’s CMF (Chaikin Money Flow) has risen significantly since December 12th. At the time of reporting, it was observed to be 0.33, the highest level since October 2021.

Source: BNB/USDT on TradingView

The rise in BNB’s CMF over the past few days shows that buyers of the coin are actively entering the market with increasing liquidity, which is pushing the price up accordingly.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

When Bitcoin breaks $ 100k again, uniswap increases by 20%

May 10, 2025

Medical XRP: WELLGISTICS secures $ 50 million of credit for pioneering blockchain payments.

May 10, 2025

Solana Price rose 500% to the last optimistic time of this SOL indicator.

May 9, 2025
Add A Comment

Comments are closed.

Recent Posts

Marathon Digital Holdings Report Progress in April 2025 Bitcoin Mining

May 10, 2025

When Bitcoin breaks $ 100k again, uniswap increases by 20%

May 10, 2025

Ethereum Price Greenlit The Arprise 29% Eth Rally

May 10, 2025

Crypto Sleuth investigates the boring APE Heist’s attacker

May 10, 2025

Is it sustainable to lead Bitcoin price recovery to more than $ 100,000?

May 10, 2025

Medical XRP: WELLGISTICS secures $ 50 million of credit for pioneering blockchain payments.

May 10, 2025

Understanding MACD: An important tool for the initial market signal

May 10, 2025

Solana Price rose 500% to the last optimistic time of this SOL indicator.

May 9, 2025

Solana Price rose 500% to the last optimistic time of this SOL indicator.

May 9, 2025

The US Senator develops stable regulations by genius law.

May 9, 2025

PEPE overtakes Doge and pops up with 45% profit as whales grow.

May 9, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Marathon Digital Holdings Report Progress in April 2025 Bitcoin Mining

May 10, 2025

When Bitcoin breaks $ 100k again, uniswap increases by 20%

May 10, 2025

Ethereum Price Greenlit The Arprise 29% Eth Rally

May 10, 2025
Most Popular

Solana developers claim that Solana is now quantum resistant.

January 4, 2025

Solana, Memecoin see record-high institutional outflows amid slowing trading volumes: CoinShares

August 19, 2024

NVIDIA improves cyber security of important infrastructure through AI innovation.

February 16, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.