Streetbeat News

SOLUSD

Solana / US Dollar

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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Cryptocurrency markets are experiencing a downturn, with Bitcoin, Ethereum, and Dogecoin seeing significant price corrections. Despite this, traders remain optimistic about a potential bounce, particularly for Bitcoin, which is showing signs of a bullish trend. Notably, Bitcoin's spot ETF saw a $79M outflow after a week of inflows.

Portfolio Pulse from Khyathi Dalal

October 23, 2024 | 9:01 pm

AI meme coin GOAT has surged significantly, achieving a 160% weekly gain and a listing on ByBit. This contrasts with Dogecoin and Shiba Inu's more modest performances. Large purchases of GOAT using Solana indicate strong investor interest.

Portfolio Pulse from Khyathi Dalal

October 23, 2024 | 2:35 pm

Popcat (POPCAT), a Solana-based meme coin, defied the declining trend in the meme coin market, achieving a 5.63% rise in 24 hours and a year-to-date gain of 15344%. This contrasts with Dogecoin and Shiba Inu, which saw declines. Popcat's success highlights significant demand and interest in Solana-based meme coins.

Portfolio Pulse from Aniket Verma

October 23, 2024 | 5:36 am

Cryptocurrency markets are trading sideways with Bitcoin hovering around $67,436.75. Traders emphasize the importance of the $66,500 support level, warning of a potential drop to $61,000 if it fails. Large transaction volumes have increased, while daily active addresses have decreased. Notable developments include investments in crypto channels and discussions on Bitcoin's role as an institutional asset.

Portfolio Pulse from Khyathi Dalal

October 22, 2024 | 7:55 pm

Satflow has launched a new decentralized exchange (DEX) focused on Bitcoin Ordinals and Runes trading, addressing the issue of mempool sniping. The platform offers 0% fees and liquidity incentives, aiming to become the go-to platform for professional traders. Satflow's launch follows a successful $7.5 million seed funding round.

Portfolio Pulse from Murtuza Merchant

October 22, 2024 | 3:55 pm

Feline-themed cryptocurrency MEW defied the broader meme coin market slump with a 6% spike, while Dogecoin and Shiba Inu saw declines. MEW's trading volume surged 353%, and its YTD gain reached 414%. The meme coin market's total cap contracted by nearly 2%.

Portfolio Pulse from Aniket Verma

October 22, 2024 | 4:29 am

Cryptocurrency markets, including Bitcoin and Ethereum, are trading lower despite strong ETF inflows. Bitcoin ETF inflows surged to over $2 billion amid rising Trump election odds. Traders remain optimistic about Bitcoin's potential, with some predicting bullish trends.

Portfolio Pulse from Khyathi Dalal

October 21, 2024 | 7:32 pm

Digital asset investment products saw a significant inflow of $2.2 billion last week, driven by optimism over a potential Republican victory in the U.S. presidential election. Bitcoin was the main beneficiary, with $2.13 billion in inflows. The U.S. accounted for the majority of these inflows, while other regions saw minor outflows. The upcoming U.S. elections are expected to be crucial for regulatory clarity in the cryptocurrency market.

Portfolio Pulse from Murtuza Merchant

October 21, 2024 | 3:29 pm

The AI-created meme coin GOAT has seen significant whale activity, with one investor making over $3 million in profit. The coin's value surged over 200% after a dip, drawing attention from traders and investors.

Portfolio Pulse from Khyathi Dalal

October 21, 2024 | 3:17 pm

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