Solana Skyrockets Above $200 as Bitcoin Lags Behind (Market Watch)

Solana (SOL) is making headlines in the cryptocurrency market as its price skyrockets above $200, outperforming other altcoins and even surpassing Binance Coin (BNB) to become the world’s fourth-largest cryptocurrency by total market capitalization. In the past 24 hours, SOL has seen a remarkable increase of over 11%, firmly establishing itself as the top performer among the top 10 cryptocurrencies. Meanwhile, Bitcoin (BTC) is testing the important resistance level at $68K after experiencing a slight dip in the past week. While the market sentiment remains in a state of extreme greed, the fear and greed index has shown a slight decline from 88 points to 77 points. Although some altcoins, like SOL and Render (RNDR), are thriving in the current market resurgence, others, such as Ribbon Finance (RBNB), have seen a decline in value. With Solana gaining momentum, there is a clear shift in ecosystem focus towards this layer-one network.