There are some fundamental milestones in the cryptocurrency market. One of these is the market cap sizes seen in cryptocurrencies. For some cryptocurrencies, this level is 1 billion dollars, while for others it continues as 5-10-50-100 billion dollars. It is known that this level is 100 billion dollars for the market’s high-volume altcoins. Considering the ATHs made by cryptocurrencies, it is known how important the mentioned levels are for large-volume altcoins. In this case, the top 5 altcoins may be under scrutiny on this subject, and two of them are much closer to the mentioned level compared to their competitors.
BNB Chain (BNB) Outlook
BNB, the native token of Binance, the world’s largest exchange by volume, is progressing faster each day towards reaching and even surpassing the 100 billion dollar market cap level. This potential is also in parallel with the accelerating progress of the Binance exchange.
Currently staying above a market value of 86 billion dollars at 586 dollars, BNB may be getting closer to the mentioned level. Looking at the innovations on the BNB Chain side, a major update named BEP 336 was announced on June 20, and it was stated that transaction fees decreased by 90% with this update.
Despite the decline in the last 7 days, the BNB price seems to have remained above the 560 dollar region even though it fell below the 590 dollar support level. If the bulls push the price up, the BNB price could rise again to 617 dollars and even reach 722 dollars.
Solana (SOL) Comments
Solana, which rose above 200 dollars in the past period and has rapidly declined since then, has a market cap of 61.8 billion dollars at the time of writing. Despite Solana’s volatile nature, it is known to have significant investor support.
In addition, meme coins that have recently made a mark on the Solana ecosystem also hold an important place in the market. Solana is trading at 131.16 dollars at the time of writing, following a 0.27% increase in the last 24 hours.
An event that occurred last night also brought Solana to the forefront. The first official Solana ETF application was made in Canada, and this held an important place in the market.
If Solana rises again in the future, it is stated that it could move to the 176 dollar level, which could mean a solid price recovery. With increased confidence in Solana and potential institutional investor support, Solana could reach the 100 billion dollar market level.
