Solana's SOL token overtook Binance's BNB token to become the fourth largest cryptocurrency by market cap. SOL token surpassed BNB coin, rising by 7.56% in 24 hours to $112.52. According to CoinMarketCap data, Solana's market cap of $49.36 billion is 1.74% larger than BNB's market cap of $48.5 billion.

Solana's price increase occurred on the same day that the Crypto Fear and Greed Index reached its highest value in history in November 2021, when Bitcoin reached $69,000. The index's rise comes after a day in which Bitcoin surpassed $50,000 for the first time since December 2021.

SOL token managed to outperform BNB despite the Solana network being disrupted on February 6. The on-chain approval of the Pyth DAO Constitution may have accelerated the rally. This proposal sought to ratify the Pyth DAO Constitution as the decision-making framework for the Pyth DAO, the decentralized autonomous organization (DAO) that governs the Pyth Network.

Despite the recent outage, the SOL token has gained 19.99% in the last seven days. SOL is currently down 57% from its all-time high of $260.06.

Solana Mobile's Chapter 2 smartphone reached 100,000 pre-orders in less than 30 days on February 12. In comparison, it took Solana almost a year to sell its first Solana Saga smartphone.

Following this milestone, the pre-order period to purchase the new Solana phone for $450 will end on February 14, Solana Mobile X (formerly known as Twitter) announced on its account. Smartphones will start shipping in early 2025.

The BNB token is struggling to gain momentum following Binance's ongoing regulatory challenges. On February 12, Binance founder Changpeng Zhao's trial date was postponed from February 23 to April 30. Zhao is currently free on $175 million bail and lives in the United States.

Do you think Solana's success is sustainable? We are waiting your comments.#Solana#BNB #Cryptocurrency