Binance (BNB) and Solana (SOL) Jostle For Position As Market Sinks; New 1000x Crypto Presale Goes Viral

The fierce altcoin battle to take third place behind Bitcoin and Ethereum is heating up as Solana and Binance Coin both race to take the lead.

Solana (CRYPTO: SOL) and Binance Coin (CRYPTO: BNB) are both vying for third place among cryptocurrencies, behind Bitcoin and Ethereum.

Solana briefly overtook BNB last week, but the latter has since regained its position.

Two 1-Sol applications have been submitted to the SEC.

Solana rose 15% on Monday to $141.32.

Solana is still down 20% for the week.

Solana was among the fastest to recover from Monday’s market crash. It rose over 15% on Monday to $141.32 at the last check. However, Solana is still down over 20% over the last seven days. Bulls will need to push the coin back to the previous range and highs of $200.

Solana could be included in a crypto ETF this year, following Bitcoin and Ethereum.

Solana is one of the coins that could be included in a crypto ETF this year, following Bitcoin and Ethereum. Two 1-Sol applications have been submitted to the SEC.

Solana is now up seven days a week. Among the gainers, Cronos (CRYPTO: CRO) is up 10% and STEPN (CRYPTO: GMT) is up 5%.

See More: Best Cryptocurrency Scanners

Binance Coin outlook

Gensler’s recent comments could propel Binance Coin in Q3.

Binance Coin is down over 16% over the last seven days, despite positive news from the SEC.

Gensler recently cleared Binance Coin of recent allegations that it listed third-party coins as illegal unregistered securities. This news could propel BNB in the third quarter.

Binance Coin recently bounced off the key $400 level. Bulls are now expected to step in at these levels to propel Binance Coin back to $570 and higher in the coming weeks.

A recent quarterly token burn saw nearly $1 billion of Binance Coin removed from supply, which could lead to further bullish momentum.

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