Streetbeat News

SOL

Emeren Group, Ltd.

Industry

Solar

Emeren Group Ltd is solar project developer, owner, and operator. The Company specializes in solar project lifecycle, construction management, and financing services.

Open

1.33

Mkt cap

6.1M

Volume

1.2M

High

1.43

P/E Ratio

-23.80

52-wk high

3.00

Low

1.04

Div yield

N/A

52-wk low

1.04

The value of Solana (CRYPTO: SOL) has increased by 80% in the past 30 days, largely due to the testnet launch of its scaling solution, Firedancer. Despite concerns over potential selling pressure following the transfer of large amounts of SOL to other wallets, the launch of Firedancer seems to have retained investor confidence. Solana has outperformed its competitor Ethereum (CRYPTO: ETH), which increased by less than 11% over the past month.

Portfolio Pulse from Mehab Qureshi

November 02, 2023 | 5:54 am

Bitcoin's price surge above $35,000 has led to gains in meme coins and altcoins, including Shiba Inu, Floki, Dogecoin, and Pepe. The U.S. Federal Open Market Committee maintained the benchmark fed funds rate range at 5.25%-5.50%. Bitcoin's price reached a new 18-month high, surpassing $35,500.

Portfolio Pulse from Mehab Qureshi

November 02, 2023 | 4:55 am

SkyBridge Capital, founded by Anthony Scaramucci, reported record-breaking monthly returns in October, largely due to investments in Bitcoin and Solana. However, the company's reputation suffered due to its association with Sam Bankman-Fried, the former CEO of crypto exchange FTX, who is currently facing trial for fraud and misuse of customer funds. FTX's venture arm acquired a 30% stake in SkyBridge in September 2020, which Scaramucci plans to repurchase, subject to bankruptcy court approval.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 4:59 am

The market for tokenized versions of U.S. Treasuries has seen a nearly 600% increase this year, jumping to $698 million from about $100 million at the start of the year. This growth is attributed to new entrants and expansion of existing platforms. Ethereum (ETH) network has recently outpaced the Stellar (XLM) network in terms of the value of Treasury tokens on-chain. Newer entrants like Polygon (MATIC) and Solana (SOL) have also garnered over $40 million of assets combined.

Portfolio Pulse from Benzinga Neuro

October 31, 2023 | 6:56 am

Solana-based meme coin BONK has outperformed Dogecoin and Shiba Inu in the last 24 hours. BONK, launched on December 25, 2022, appreciated by over 3,300% to a peak of $0.00000487 in January 2023. Currently, BONK is trading at $0.0000006757, while DOGE and SHIB are up 0.25% and 0.10% respectively. Amidst the rally fueled by the Bitcoin ETF, BONK has emerged as the top meme coin performer today, generating a trading volume of over $20.5 million.

Portfolio Pulse from Mehab Qureshi

October 31, 2023 | 6:10 am

The US and Israel are escalating efforts to curtail cryptocurrency transfers to Hamas, implicating Bitcoin, Dogecoin, and Ethereum as funding streams. Investor Peter Schiff expressed skepticism about the demand for a new Bitcoin ETF. Crypto analyst Bluntz predicted a major Solana breakout. Dogecoin co-creator Billy Markus expressed hopes for a significant Bitcoin price surge, while another analyst predicted a potential rise for Dogecoin to $1 in the next year.

Portfolio Pulse from Benzinga Neuro

October 29, 2023 | 10:20 am

Jim Cramer, a television host known for his controversial takes on the stock market, had warned against investing in cryptocurrencies in December 2022. However, those who ignored his advice and invested in Bitcoin, Ethereum, Solana, Litecoin, and Coinbase Global would have seen significant returns over the last 10 months. An ETF that tracks Cramer's recommendations inversely, the Inverse Cramer Tracker ETF, was also launched earlier this year.

Portfolio Pulse from Chris Katje

October 27, 2023 | 4:55 pm

Crypto analyst Bluntz predicts a major breakout for Solana (CRYPTO: SOL) and a potential rally for Ethereum (CRYPTO: ETH). He believes that if Solana breaks its multi-month accumulation range resistance, it could trigger a substantial price increase. He also noted that Ethereum has upheld its $1,550 support level and presented a bullish higher-low setup, which could signal an impending rally.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 3:35 am

The article lists the cannabis stocks that gained and lost on October 23, 2023. Notable gainers include Zoned Props, MJ Holdings, and Rocky Mountain High. Significant losers include EVIO, Pharmadrug, and Global Compliance.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 9:30 pm

In Monday's pre-market session, several industrial stocks saw significant movement. Gainers included Textainer Group Hldgs (TGH), Navios Maritime Hldgs (NM), Jayud Global Logistics (JYD), Mynaric (MYNA), Nocera (NCRA), and NET Power (NPWR). Losers included Li-Cycle Holdings (LICY), WANG & LEE Group (WLGS), Turbo Energy (TURB), Globus Maritime (GLBS), Emeren Group (SOL), and ShiftPixy (PIXY).

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 1:06 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.