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Solana surges past Binance Coin – Will it flip XRP next?
As the cryptocurrency market continues to evolve, a new development has taken place. Solana’s price has risen by 58.75%, allowing it to surpass Binance Coin in terms of its market capitalization. This significant gain has sparked conversations about whether SOL can take on XRP and potentially flip it.
Solana’s impressive performance over the past few weeks has caught attention, with many traders taking notice of this upward trajectory. In contrast, XRP has seen stagnant price movements, accompanied by mixed on-chain signals. These signals include elevated exchange supply and a decline in short-term holder activity.
It is essential to note that Solana’s robust trading volumes and positive on-chain metrics provide evidence of the market sentiment heavily leaning in its favor. On the other hand, XRP may be encountering challenges due to stagnant price action and mixed signals.
The outcome of this battle will depend on broader market trends, ecosystem developments, and investor sentiment. If Solana continues its upward momentum while capitalizing on its scalability and network activity, a flippening of XRP could become a reality.
It is possible that the outcome may hinge on the aforementioned factors.
Source: ambcrypto.com
