+

Total Market Cap: $2.370T

24h Volume: $33.000B

BTC Dominance: 67.67%

Global Market Sentiment: 29

Average Market Correlation: 0.30

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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Beta

Solana

SOL
Rank #5
$116.40

-0.78%

Low:
$108.91
High:
$116.85
(24h)
Volume 24h
$3,635,863,360
-33.96%
Circulating Supply
515,919,242 SOL
Total Supply
ISSUE TO SOLVE
Max Supply
N.A
Market Cap
$59,498,844,631
Fully Diluted Market Cap
N.A
Indicators
Volatility
Annualized Volatility of the Daily Returns, over the last month.
75.88%
Market Correlation
Correlation Coefficient between crypto Daily Returns and the Total Crypto Markets Daily returns, over the last month.
0.55
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.
0.543
Market Dominance
2.52%
ATL/ATH
$0.69/$249.51
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.
41
Information for Solana
Last News related to Solana
What is Solana ?

Overview

Binance Coin (BNB) is the native cryptocurrency of the Binance platform, the world's largest cryptocurrency exchange by trading volume. Created by Binance in 2017, BNB was initially issued as an ERC-20 token on the Ethereum blockchain but later migrated to Binance's own blockchain, Binance Chain. BNB is used to pay for trading fees on the Binance exchange, participate in token sales on Binance Launchpad, and various other purposes within the Binance ecosystem, such as payment for goods and services.

Utility

Binance Coin (BNB) is primarily used to pay for trading fees on the Binance exchange at a discounted rate. It is also used for transaction fees on Binance Chain, participating in token sales through Binance Launchpad, and various other applications within the Binance ecosystem. Beyond Binance, BNB can be used for payments, travel bookings, entertainment, and financial services, further enhancing its utility as a versatile digital asset.

Security

Binance Chain, the blockchain that hosts BNB, uses a consensus mechanism called Delegated Byzantine Fault Tolerance (dBFT). This mechanism involves a set of validators who are elected by BNB holders to secure the network, validate transactions, and create new blocks. dBFT is designed to offer high throughput and low latency, ensuring efficient and secure transaction processing. Binance also employs stringent security measures across its platform, including advanced encryption and regular security audits, to protect user funds and data.

Supply data provided by CoinGecko API
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