BNB coins are on the rise, with PancakeSwap (CAKE), Mantra (OM), and Space ID (ID) making significant moves recently. CAKE saw a surge of 55% as BNB's market cap reclaimed its leading position over Solana, benefitting from a revived interest in the ecosystem.
OM continues to dominate the Real World Assets (RWA) sector, reaching new all-time highs amidst a broader 144% sector surge. Meanwhile, ID is showing signs of a recovery following a challenging month, with a potential golden cross formation that could propel it higher, further bolstering the performance of BNB coins.
PancakeSwap (CAKE) experienced a remarkable 55% surge in the past week as BNB's market cap surpassed Solana. This surge was fueled by active promotion from Binance founder CZ and BNB's shift towards an "AI-first" strategy, driving up demand for BNB coins.
Mantra (OM) also saw a significant 27% rise in the last seven days and a remarkable 94% increase over the past month, solidifying its position as a key player in the Real World Assets (RWA) sector. As OM hits new all-time highs, the bullish momentum remains strong, with the potential to surpass $8 in the near future.
In the Digital Identities sector, Space ID (ID) recorded an 11% gain in the past week, signaling a potential turnaround from its recent decline. ID's market cap stands at $273 million, with indications of a golden cross formation that could drive further gains. If this bullish signal materializes, ID may target the $0.37 resistance level, with the possibility of reaching $0.47, its highest point since mid-January. However, a reversal in the trend could lead to a dip to $0.28, with additional support levels at $0.25 and $0.23.