Solana slips as BNB reclaims 4th position in cryptocurrency rankings

Cryptocurrencies

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Solana has dropped to fifth place in cryptocurrency rankings by market cap, recently eclipsed by BNB.

This follows a significant 120% rally in December in which Solana's market cap surpassed that of Binance’s BNB.

However, Solana's price retreated post-Christmas, dropping below $100 and then hovering just over $101 for several hours.

As of the article's publication, Solana was trading for $105, a decline of approximately 14% from its annual high of $123, which it reached on December 26.