Binance Coin outshines SOL and ETH – Is $100B market cap next?
Journalist Share this article BNB has seen a 13% increase in DEX volume, a development that has positively impacted its price action. The altcoin has outperformed both Solana and Ethereum in recent on-chain activity. Binance Coin [BNB] has seen a 13% increase in decentralized exchange (DEX) volume, a development that has positively impacted its price action. Over the past week, BNB has cleared three major resistance zones and is now approaching its early-February high of $640. A 50% spike in trading volume confirms strong capital inflows, while the BNB/BTC pair has hit a yearly high, signaling growing relative strength against Bitcoin. However, with RSI nearing the overbought territory, traders should monitor potential exhaustion signals for a possible short-term cooldown. Source: TradingView (BNB/BTC) Notably, unlike Solana and Ethereum – both posting two-year lows against Bitcoin – BNB has gained dominance. This divergence is reflected in DEX volume, where Binance Smart Chain [BSC] saw $2.544 billion (up 13%), while Solana and Ethereum recorded 20% declines, dropping to $1.183 billion and $1.348 billion, respectively. Source: DefiLlama Interestingly, the shift extends beyond trading volume. While Solana’s Total Value Locked (TVL) has dropped to pre-election levels of $8.66 billion due to de-staking, Binance’s DeFi ecosystem has seen steady growth, with TVL rising to $6.53 billion. With BNB outpacing high-cap rivals in DEX volume and staking activity, is a return to its $100 billion market cap now within reach? BNB’s path to reclaiming a $100 billion market cap A breakout above $700 could help BNB regain its $100 billion market cap status. Strong capital inflows and a bullish structure support a near-term move toward $670, assuming market conditions remain stable. However, at press time, the RSI indicated that BNB was approaching overbought levels, increasing the risk of profit-taking. If buyers maintain momentum, $670 could turn into a support level, enabling further gains. Source: TradingView (BNB/USDT) Otherwise, a retracement to $620 or even $600 may be on the cards before another breakout attempt. Share