Binance Coin outshines SOL and ETH – Is $100B market cap next?

• BNB has seen a 13% enhance in DEX quantity, a improvement that has positively impacted its value motion. 
• The altcoin has outperformed each Solana and Ethereum in latest on-chain exercise.

Binance Coin [BNB] has seen a 13% enhance in decentralized change (DEX) quantity, a improvement that has positively impacted its value motion. 

Over the previous week, BNB has cleared three main resistance zones and is now approaching its early-February excessive of $640.

A 50% spike in buying and selling quantity confirms robust capital inflows, whereas the BNB/BTC pair has hit a yearly excessive, signaling rising relative energy in opposition to Bitcoin.

Nonetheless, with RSI nearing the overbought territory, merchants ought to monitor potential exhaustion indicators for a doable short-term cooldown.

Supply: TradingView (BNB/BTC)

Notably, in contrast to Solana and Ethereum – each posting two-year lows in opposition to Bitcoin – BNB has gained dominance. 

This divergence is mirrored in DEX quantity, the place Binance Sensible Chain [BSC] noticed $2.544 billion (up 13%), whereas Solana and Ethereum recorded 20% declines, dropping to $1.183 billion and $1.348 billion, respectively. 

Supply: DefiLlama

Curiously, the shift extends past buying and selling quantity. Whereas Solana’s Complete Worth Locked (TVL) has dropped to pre-election ranges of $8.66 billion as a result of de-staking, Binance’s DeFi ecosystem has seen regular progress, with TVL rising to $6.53 billion. 

With BNB outpacing high-cap rivals in DEX quantity and staking exercise, is a return to its $100 billion market cap now inside attain?

BNB’s path to reclaiming a $100 billion market cap

A breakout above $700 may assist BNB regain its $100 billion market cap standing. Sturdy capital inflows and a bullish construction assist a near-term transfer towards $670, assuming market situations stay secure.

Nonetheless, at press time, the RSI indicated that BNB was approaching overbought ranges, growing the danger of profit-taking.

If patrons preserve momentum, $670 may flip right into a assist degree, enabling additional good points.

Supply: TradingView (BNB/USDT)

In any other case, a retracement to $620 and even $600 could also be on the playing cards earlier than one other breakout try.