Streetbeat News

SOLUSD

Solana / US Dollar

https://solana.com/

Industry

Digital Currency

Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps). Native to Solana's blockchain is the SOL token which provides network security through staking as well as a means of transferring value.

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Solana (SOL) has experienced a 3.86% price drop in the past 24 hours, continuing a week-long decline of 10%. Trading volume has decreased by 56% over the past week, while circulating supply increased by 1.17%. SOL's market cap is currently ranked #5 at $64.49 billion.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 7:01 pm

Cryptocurrency markets are trading lower due to the U.S. government moving 10,000 BTC to an unknown wallet and the latest CPI data release. Bitcoin, Ethereum, and Dogecoin saw notable declines. Despite the price drop, experts remain bullish on Bitcoin, citing increased large transaction volumes and institutional accumulation.

Portfolio Pulse from Khyathi Dalal

August 14, 2024 | 8:20 pm

Crypto trader Marty Party highlights Solana (SOL) as the most reliable DeFi platform for earning daily yields of 0.8-1.2% in concentrated liquidity ranges. He contrasts this with Ethereum (ETH), which has higher costs and lower yields. Marty encourages learning about Liquidity Pool (LP) yield for passive income.

Portfolio Pulse from Khyathi Dalal

August 14, 2024 | 4:13 pm

Cat-themed meme coin Popcat has surged 6813% this year, challenging the dominance of dog-themed tokens like Dogecoin and Shiba Inu. The Solana-based cryptocurrency has a market cap of half a billion dollars. Another feline-themed coin, Mog Coin, has also seen significant gains. Meanwhile, dog-themed tokens have lagged behind.

Portfolio Pulse from Aniket Verma

August 14, 2024 | 3:39 am

Cryptocurrency markets are trading higher with notable gains in Bitcoin, Ethereum, and other major cryptocurrencies. Bitcoin whale transactions have spiked, and there are possible renewed Mt.Gox distributions. Analysts have mixed predictions on Bitcoin's next moves, with some seeing potential for a significant rally and others warning of a possible downturn if poor CPI data emerges.

Portfolio Pulse from Khyathi Dalal

August 13, 2024 | 8:19 pm

Crypto trader Altcoin Sherpa analyzed Solana, Popcat, and AI-related crypto coins, suggesting their current lows may be good opportunities to accumulate. Sherpa has a short-term neutral stance on Solana, predicting $120-$150 as a good accumulation area. Popcat's key area is $0.41-0.46, and AI coins have a bearish market structure. Bittensor below $200 may be of interest.

Portfolio Pulse from Khyathi Dalal

August 13, 2024 | 5:39 pm

Cryptocurrency markets are trading relatively flat as markets await an interview between Elon Musk and Donald Trump. Notable developments include a $650M crypto fraud scheme uncovered by the SEC, and Bitcoin miner Marathon Digital raising $250 million to buy more Bitcoin. Bitcoin's price remains the same as at the end of February, with traders predicting potential price movements based on support levels and geopolitical tensions.

Portfolio Pulse from Khyathi Dalal

August 12, 2024 | 8:14 pm

Cryptocurrency markets are trading marginally higher with Bitcoin, Ethereum, and Dogecoin showing gains. Notable developments include a new Trump-themed coin, a CBOE application for Bitcoin ETF options, and Putin's approval of crypto mining in Russia. Analysts predict Bitcoin could reach $100,000 by the end of 2024.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 8:17 pm

Industry researcher Michael Nadeau presents a bullish case for Bitcoin and other cryptocurrencies, citing market corrections, funding rate resets, and macroeconomic factors like anticipated Federal Reserve rate cuts. The market sentiment mirrors late 2020, suggesting a potential rally.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 3:41 pm

Solana's (CRYPTO: SOL) price has decreased by 3.32% over the past 24 hours to $154.34, continuing its downward trend over the past week. The trading volume has decreased by 12.0% over the past week, while the circulating supply has increased by 0.52%. Solana's market cap is currently ranked #5 at $72.00 billion.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 3:02 pm

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