BNB Surpasses XRP as Third-Largest Crypto, Eyes Ethereum’s Position
BNB has experienced significant growth, increasing by 6.3% over the past 24 hours and 26.5% in the last week, reaching a market value of approximately $184 billion. This surge allows BNB to surpass XRP, now valued at $172 billion.
Market Position
- Ethereum remains the second-largest cryptocurrency with a market cap of $541 billion.
- For BNB to challenge Ethereum's position, its price would need to reach around $3,900.
BNB Price Analysis
- BNB is in a long-term bullish trend according to the weekly chart.
- A breakout above $1,150 could trigger an extended rally towards $3,900, indicating a 237% potential upside.
- A rejection from the current trendline might lead to a correction towards $600, with further bearish moves targeting $200-$300.
- RSI is near 76, suggesting overbought conditions that may cause short-term pullbacks.
- The MACD indicates strong upward momentum.
BNB Surpassing ETH?
- BNB's rise reflects capital rotation within the crypto market as investors look beyond major players like Bitcoin and Ethereum.
- If Binance maintains its growth trajectory, BNB could close the gap with Ethereum and emerge as a viable smart contract platform.
Note: The information regarding the Bitcoin Hyper (HYPER) presale was removed due to promotional content.