+

Total Market Cap: $2.340T

24h Volume: $31.190B

BTC Dominance: 68.71%

Global Market Sentiment: 29

Average Market Correlation: 0.51

The Average Correlation of all crypto pairs. An Average Market Correlation close to 1 indicates that all crypto pairs are moving in the same direction. Such a situation can be observed during a significant market crash.
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CoinRisk
Beta

Binance Coin

BNB
Rank #4
$580.02

-0.03%

Low:
$568.02
High:
$580.24
(24h)
Volume 24h
$375,292,191
+4.98%
Circulating Supply
145,887,576 BNB
Total Supply
ISSUE TO SOLVE
Max Supply
200,000,000 BNB
Market Cap
$84,589,891,295
Fully Diluted Market Cap
$116,003,392,024
Indicators
Volatility
Annualized Volatility of the Daily Returns, over the last month.
37.89%
Market Correlation
Correlation Coefficient between crypto Daily Returns and the Total Crypto Markets Daily returns, over the last month.
0.41
Beta
The Beta coefficient is a measure of a crypto volatility and direction in comparison to the volatility and direction of the overall market. A positive Beta greater than 1 indicates that the crypto is more volatile than the market, while a beta less than 1 means it is less volatile.
0.248
Market Dominance
3.61%
ATL/ATH
$1.49/$729.40
Relative Strength Index
The Relative Strength Index (RSI) is an indicator that measures the rate of price changes by comparing the extent of recent gains to recent losses. It scales from 0 to 100 and is used to determine potential turning points in price behavior. A reading above 70 indicates that an asset may be due for a decrease in price, while a reading below 30 suggests a potential increase in price. The RSI calculated here is based on Daily returns over the last month.
42
Information for Binance Coin
Last News related to Binance Coin
What is Binance Coin ?

Overview

Solana (SOL) is a high-performance blockchain platform designed for decentralized applications and crypto-currencies. Launched in 2020 by Anatoly Yakovenko, Solana aims to provide fast, secure, and scalable blockchain solutions. It utilizes a unique consensus mechanism called Proof of History (PoH) combined with Proof of Stake (PoS) to achieve high throughput and low transaction costs. Solana's architecture supports thousands of transactions per second, making it one of the fastest blockchain networks in operation.

Utility

Solana's native cryptocurrency, SOL, is used to pay for transaction fees and computational services on the Solana network. SOL can be staked by holders to participate in the network's PoS consensus mechanism, earning rewards in return. The Solana platform supports a wide range of applications, including DeFi projects, NFTs, and Web3 applications. Its high throughput and low fees make it attractive for developers looking to build scalable and efficient blockchain-based solutions.

Security

Solana uses a combination of Proof of History (PoH) and Proof of Stake (PoS) to secure its network. PoH provides a cryptographic timestamp that verifies the order and passage of time between events, while PoS involves validators staking their SOL tokens to validate transactions and produce new blocks. This hybrid approach enhances the network's security, scalability, and efficiency. Solana's design also mitigates common blockchain vulnerabilities, ensuring robust protection against attacks and fraudulent activities.

Supply data provided by CoinGecko API
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