FreshForex analysts believe that Solana (SOL) has recently demonstrated impressive growth results in the cryptocurrency market and has every chance to displace BinanceCoin (BNB) in its ascent to the top of the Olympus.

Solana is a public blockchain and a direct competitor to Ethereum. What sets Solana apart is its use of a unique fast blockchain synchronization algorithm, Proof of History (PoH).

On January 26th, SOL's daily in-network transaction volume reached 26.9 million, and the Solana network surpassed the number of active Bitcoin users for the first time.

The analytics team of broker FreshForex reported that the SOL token is currently in fifth place in the capitalization ranking. The fourth place is taken by BinanceCoin (BNB), the third by Tether (USDT), the second by Ethereum (ETH), and the leader of the rating is Bitcoin (BTC).

At the same time, analysts emphasized that, on the wave of success, Solana has every opportunity to displace BinanceCoin and take the fourth position in the rating. This will ensure the future support and success of the token's further growth.

"More and more traders will trust the coin and buy this asset," the analysts said.

In January 2024, a FreshForex client closed SOL/USD trades with a total profit of $38,752.

In 2023, the SOL/USD crypto pair grew by more than 1,000%.

FreshForex offers its users 24/7 trading access to 70 crypto pairs with leverage up to 1:100.