Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Is Solana planning to convert BNB in ​​February? The odds are:
ALTCOIN NEWS

Is Solana planning to convert BNB in ​​February? The odds are:

By Crypto FlexsFebruary 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is Solana planning to convert BNB in ​​February?  The odds are:
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: February 11, 2024


  • Market indicators indicate that SOL’s rally may continue.
  • Conversely, BNB may witness a price correction.

According to CoinMarketCapSolana’s value has surged more than 125% in the past seven days, making it one of the highest gainers among the top altcoins.

At the time of this writing, SOL was the 5th largest cryptocurrency, trading at $109.06, with a market capitalization of over $47.6 billion.

Due to the recent upward trend, SOL and Binance Coin (BNB) Market capitalization decreased to 600 million.

If this upward trend continues, SOL could soon surpass BNB as the fourth largest cryptocurrency by market capitalization.

Will Solana upset BNB?

AMBCrypto checked Solana’s daily chart to see whether SOL will maintain its bullish momentum.

In particular, SOL’s MACD suggested that bulls were still leading the market.

Both the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) recorded upward trends, indicating that continued price rises were highly likely.

Solana TradingView

Source: TradingView

Derivatives market conditions also looked optimistic for Solana.

According to AMBCrypto analysis of Santiment data, SOL’s Binance funding rate was in the green at press time, showing that derivatives investors are actively buying.

Open interest also increased along with the price. Whenever this happens, it means that the current price trend is likely to continue.

Source: Santiment

What is BNB doing?

Since we are discussing the price action of SOL, it is also important to look at the state of BNB to see the broader picture. BNB’s weekly chart was also in the green, but its growth rate was not as high as SOL’s.

According to CoinMarketCap, BNB is up more than 7% over the past seven days. At press time, it had a market capitalization of over $48 billion and was trading at $323.61.

However, it is surprising that despite the price rally, the sentiment surrounding the coin has turned bearish. BNB’s Weighted Sentiment plummeted on February 10, according to data from Santiment.

Source: Santiment

To see if investor lack of confidence in BNB could lead to a price correction, AMBCrypto looked at the daily charts.

The price of BNB touched the upper Bollinger Band limit, suggesting a possible price correction. Another bearish indicator is the Money Flow Index (MFI), which recorded a slight decline.


read Solana (SOL) Price Prediction 2024-25


On the other hand, BNB’s Chaikin Money Flow (CMF) remained strong. So it seemed likely that Solana would overtake BNB.

However, the cryptocurrency market is notorious for its unpredictability, so it will be interesting to see what happens to both tokens in the coming week.

Source: TradingView

Next: Bitcoin turns bullish. Is it separate from altcoins?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

The Senate encryption bill adds a provision for treating tokenized stocks as securities.

September 7, 2025

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 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

The Senate encryption bill adds a provision for treating tokenized stocks as securities.

September 7, 2025

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025
Most Popular

Ethereum options are expected to see strong market sentiment towards the end of April.

April 8, 2024

Grayscale, DCG oppose Genesis plan to liquidate $1.6 billion in trust shares.

February 12, 2024

The LP wallet of the Telegram game Super Sushi Samurai reached $4.6 million due to a bug that allowed users to double their funds.

March 21, 2024
  • 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.