Solana (SOL) Surpasses Binance Coin (BNB) As Fourth Largest Cryptocurrency – Algotech (ALGT) Projects Amazing Growth Ahead
Why Trust Cryptonews
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships.
Solana (SOL) continues to prove that it is the best coin to invest in today as it rises through the ranks in the crypto market, surpassing Binance Coin (BNB). Meanwhile, Algotech (ALGT) has become a favorite presale crypto.
Learn why Solana (SOL) has bypassed Binance Coin (BNB) and Algotech (ALGT) is leading the presale coins list.
TLDR
- Solana (SOL) continues to rise as crypto investors flock to it, and experts project a $120 target in February.
- Binance Coin (BNB) falls to fifth in the crypto market rankings after Solana (SOL) surpasses it.
- Algotech (ALGT) promises gradual gains to the end of the presale.
Solana (SOL) Overcomes Network Outage To Keep Price Rising And Investors Happy
On February 6, 2024, Solana (SOL) faced its first outage of the year that lasted five hours. Validators and developers got to work immediately looking for the problem and creating a solution. Despite the challenge, SOL crypto price surged from $95.55 to $101.24 the following day.
Having overcome this challenge, SOL crypto price surged between February 7 and February 14, moving from $101.24 to $116.98. The price surge was attributed to a rise in transactions, TVL on DeFi projects, and a surge in demand, causing a rise in market capitalization that saw Solana (SOL) surpass Binance Coin (BNB) for the number 4 position in the market.
Based on this information, investors are optimistic that SOL crypto price will keep rising. In the derivative markets, investors display their confidence in Solana (SOL) by investing up to $1 billion in Solana (SOL) options. Investors are optimistic it will keep rising and return favorable results.
Moreover, market experts suggest a bullish sentiment for Solana (SOL) and opine upward momentum and buyer dominance for the token, as per technical analysis. Consequently, Solana (SOL) price projections anticipate it will rise to $120 in February.
BNB Takes Advantage Of Bullish Market To Change Trajectory
On January 31, 2024, BNB Chain, a Binance blockchain network powered by Binance Coin (BNB), announced its strategic plan for 2024, indicating a consolidation of its ecosystem to focus on DeFi, gaming, and artificial intelligence projects for the year. Following the announcement, BNB coin price fell from $307 to $300 the next day.
However, between February 7 and February 14, the market turned bullish, allowing BNB coin price to rise from $302 to $334. In this period, Binance Coin (BNB) investors returned to the market, increasing demand for BNB as shown by the rising traded volumes. Despite the rising Binance Coin (BNB) price, Solana (SOL) surpassed its market cap, pushing it to the fifth position in the crypto market.
Despite the fall in rankings, Binance Coin (BNB) investors are optimistic that BNB coin price will keep rising as long as the market performs well. Furthermore, as Binance Coin’s (BNB) Chain strategy gets implemented, it will attract more projects, transactions, and value, increasing its price.
Experts suggest a bullish sentiment for Binance Coin (BNB) and predict it will rise to $350 by the end of February.
Algotech (ALGT) Presents A Profitable Future For Presale Investors
Algorithmic trading is a profitable endeavor requiring traders to gain specialized knowledge, experience, and the right tools. Algotech (ALGT), a decentralized trading platform, is an advanced, blockchain-based algorithmic trading tool for all traders, beginners, and experts.
Algotech (ALGT) stands out for its openness and incorporation of machine learning. Consequently, it automates trading strategies, ensuring traders earn profit consistently. An integral skill traders need to profit is market data analysis. Algotech (ALGT) condenses complex market information to deliver precise insights, enabling accurate and speedy decision-making. Moreover, Algotech (ALGT) incorporates robust risk mitigation strategies, ensuring traders manage their capital and grow it as they learn to navigate the platform.
Algotech (ALGT) offers ALGT, its native token, in a public presale. Initially, a private sale raised $1.1 million in two days, setting it up for success as a presale crypto. With the presale in Stage 1, Algotech (ALGT) is valued at $0.04 and will rise by 50% to reach $0.06 in the next stage.
Moreover, Algotech (ALGT) entices investors with iPhones, tablets, and Apple watches that traders can access the platform from. Investors who heed the call and buy Algotech (ALGT) now can anticipate a 275% gain at the end of the presale when it reaches the $0.15 launch price. Follow these links to learn more about Algotech (ALGT) presale.
- XRP Cuts Reserve Requirements by 90% to Allow Wallets with Lower Amounts
- Shiba Inu Burns Push SHIB Price Over $0.00003, Analysts Predict Another Zero Going Down by 2025
- XRP Surges Amid Bullish Wedge Pattern – Analyst Claims It Will Never Drop ‘Below $2 Again’
- XRP Overtakes Solana and Tether as Market Cap Reaches $139 Billion – Can XRP Hit $100 Next?
- Best Crypto to Buy Now December 2 – HBAR, KAIA, IOTA
Best Bitcoin & Crypto Wallet
More Articles
in numbers
