Crypto Market Cap Evolution Shows Diverging Trends Among Top Digital Asset
The crypto market continues to evolve as shifts in market capitalization among major digital assets reflect both investor sentiment and fundamental developments.
A recent analysis from CryptoQuant provides a closer look at how top crypto have performed in terms of market cap and drawdowns over the past several months.
BNB, XRP, and Ethereum Show Diverging Trends
One of the most notable shifts has been Binance Coin (BNB) reclaiming its position as the fifth-largest cryptocurrency by market capitalization. BNB’s market cap rose to approximately $92 billion, surpassing Solana (SOL), which now sits at $74 billion.
This shift follows a strong rally in SOL during late 2024, largely fueled by growth in its meme coin ecosystem. However, the…
