Category: Crypto
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Solana Surpasses Binance Coin To Claim 4th Spot In Market Valuation, Trader Recorded Notable Losses
Solana’s SOL token has made significant strides in the cryptocurrency market, surpassing Binance Coin (BNB) to secure the 4th rank in terms of market valuation. This shift comes on the heels of a notable price spike over the weekend, further fueled by the growing frenzy surrounding meme coins on the blockchain, including $WIF, $BONK, and the latest addition, $BOME. With SOL’s market value now exceeding $90 billion, the token experienced a remarkable 10% increase in value for the day, reaching its highest level since December 2021 at $209 per token. This surge in activity underscores the increasing prominence of Solana
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Benqi’s $QI Token Hits New Highs Amidst Bullish Momentum
Amidst a mixed day for cryptocurrencies, $QI (BENQI) has emerged as a standout performer, marking new post-breakout highs and showcasing a remarkable 12% gain. This surge in price brings $QI closer to its target of $0.24365, with a substantial upside potential of over 612%. One key factor driving the positive sentiment surrounding $QI is the significant increase in Total Value Locked (TVL) within the Benqi Lending protocol. Over the past month alone, the TVL has surged by an impressive 50%, surpassing the $330 million mark. The unutilized lending funds, often referred to as the Total Value Locked (TVL) in lending
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