Current Crypto asset Market Updates as of September 18: BNB Surpasses Solana with a Surge to an All-Time High of 1K USD, Is the BSC Memecoin Season Approaching?
The price of BNB digital currency has officially surged beyond the $1,000 threshold, overtaking Solana and igniting enthusiasm within the memecoin sector on BSC. This achievement is supported by solid statistics. As of today, the price of BNB crypto asset is approximately $1,015, while BTC remains stable at $116K following the Fed’s 25bps rate reduction. Coupled with a remarkable 148% daily increase in memecoin trading volumes on BSC, this signals the beginning of a significant crypto market shift.
There’s no doubt, the rally in BNB cryptocurrency price serves as an indicator. With BNB’s current trading market capitalization of $138B surpassing Solana’s $134B, as reported by CoinGecko, it has reclaimed its position at #5.
(source – CoinGecko)
Despite criticisms regarding decentralization on both chains, BSC’s 21 validators versus Solana’s recurrent outages indicate that BSC is simply operating more efficiently right now. DeFiLlama places BSC’s TVL at $7.9B, a daily increase of 2.69%, while Solana’s growth is a mere 0.99%. This is a clear indicator of strength.
(source – BSC TVL, DefiLlama)
The movement in BNB digital currency price mirrors its trajectory in 2021 when it tripled following its ATH due to coin burns and Binance’s vigorous expansion efforts. Now, with Binance likely nearing the conclusion of its DOJ oversight, there’s substantial momentum.
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BNB Digital currency Price Reaches $1K While BSC Surpasses Solana in Actual Usage as Memecoin Excitement Returns
The token supply crunch is no laughing matter, with 139 million cpp_widget coin=”bnb” cta_text=”Buy with Best Wallet” cta_link=”https://99bitcoins.com/goto/bestwallet”] presently in circulation, every quarter, more supply diminishes. It’s a strategy that Solana’s ecosystem has yet to emulate. Additionally, institutions prefer predictability—something that BSC can deliver.
We’re witnessing a surge of memecoin activity on BSC. Tokens like Broccoli and Four have surged overnight, driven by a new memecoin narrative fueled by low transaction fees and BNB’s peak price.
(source – Broccoli, CoinGecko)
Daily transactions on BSC have exceeded $2.5B, a clear indication of genuine capital flow. According to CoinGlass, over $11M in BNB short positions were liquidated overnight, and the Fear & Greed index is now at a neutral level, setting the stage perfectly for the next phase.
(source – Coinglass)
In summary? September appears promising. The Fed’s rate cut opens up available volume, and with BNB leading the price surge, the BSC memecoin cycle may very well make a comeback this year.
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Will MYX Finance or Toshi Crypto Land in New Coinbase Listings?
Every trader craves the excitement of new listings on Coinbase, and this week’s buzz centers on two contenders: MYX Finance and Toshi Crypto. Both projects have been gaining popularity on decentralized exchanges, fueling BUY PANIC as traders speculate on which may secure a coveted place on Coinbase’s next crypto announcement roster.
Historically, listings on Coinbase have led to massive surges, commonly with tokens spiking by 50-100% within hours as retail investors flood in. Could MYX Finance or Toshi Crypto emerge as the next breakout tokens to ride this momentum?
Read the full story here.
The post Latest Crypto market Update Today, September 18: BNB Overtakes Solana as It Blasts Four-Digits 1K USD Price All-Time High, BSC Crypto Memecoin Season Coming? appeared first on 99Bitcoins.
