Main to remember
Solana approaches a market capitalization of $ 100 billion, creating a direct force test with Binance Coin. Can Sol Flip BNB This cycle?
Solana (soil) tore 14.65% this month, recovering the market capitalization of $ 100 billion that he lost earlier this year. Basically, Sol has added nearly $ 10 billion in market value compared to its base of $ 172.
Meanwhile, Binance Coin (BNB) only increased 9%. However, reaching a historic market capitalization of $ 120 billion and $ 900 per room. Conclusion: Sol still needs an increase in market capitalization by around 20% to correspond to BNB this cycle.
On a bullish note, the ground / BNB ratio closes in August 4.5% compared to a base of 0.21.
It is the first uptime month of soil against BNB since May, showing that it is starTing to flex the relative force and take momentum on the chain.
Source: TradingView (Sol / BNB)
In short, the radiation of a flip is not too far -fetched.
Technically, Solana would need an elevator of around 20% to score BNB, placing the objective of around $ 234 against $ 195. It is a solid decision, and the configuration for a real race begins to align.
However, it will not be easy. BNB criticized the consecutive aths, more recently $ 900 on August 22, queuing the resistance test of $ 210 of soil. In turn, prepare the ground for an appropriate force test through the rest of the Q3.
Is Binance Coin Gaming the market capitalization of Solana?
Solana scored $ 115 billion but could not hold, causing speculation.
Sol has withdrawn almost 5% of its $ 213 summit, destroying about $ 10 billion intraday, while chatter increased that BNB could rely on Wintermute to capture Solana and defend its market capitalization.
Even if it is “alleged”, the Sol / BNB ratio slipped 3%, signaling relative weakness and a rotation of liquidity towards BNB. In chain, daily active addresses are + 7% on BSC against -3% on Solana, strengthening the trend.
Source: Terminal artemis
And the divergence is deeper.
Through other measures, the Binance chain bents up the monthly outperformance, even if BNB only pumped 9% against the 14% soil over the same period. It puts a look at BNB more.
Conclusion: the theory of deletion does not hold. Solana always has a long road to return BNB, both in a chain and technically, leaving BNB as the stronger game at the top of the Q3 and Q4.
