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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Bitcoin surged to $69,670, nearing $70,000, driven by former President Trump's declaration to make it a national strategic asset if re-elected. The broader crypto market also saw gains, with Ethereum, Solana, and others rising. Bitcoin spot ETFs saw substantial inflows, particularly BlackRock's ETF, while Grayscale's experienced outflows. Ethereum ETFs had mixed results.

Portfolio Pulse from Murtuza Merchant

July 29, 2024 | 12:29 pm

Crypto analyst Raoul Pal predicts that Solana (SOL) will outperform Bitcoin (BTC) due to a bullish inverse head and shoulders pattern. Pal suggests a potential price target of $265 for Solana, indicating a more than 45% gain from its current value.

Portfolio Pulse from Bibhu Pattnaik

July 27, 2024 | 2:54 pm

Cryptocurrency markets are trading higher as the Bitcoin Conference awaits Donald Trump’s keynote speech. Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies have seen significant gains. Notable statistics include an increase in large transactions and daily active addresses. The Michigan state pension fund disclosed holdings in the ARK 21Shares Bitcoin ETF. Other developments include Franklin Templeton's partnership with SBI Holdings to launch a digital asset management company in Japan and concerns raised by Senator Warren over foreign-owned crypto mining operations in the US.

Portfolio Pulse from Khyathi Dalal

July 26, 2024 | 8:29 pm

Researcher Slorg highlighted that 30 celebrity meme coins launched on Solana in June have plummeted 94% on average. The best-performing coins are still down over 70%, and 50% of the coins have lost more than 99% of their value. The trend saw celebrities like Andrew Tate and Soulja Boy launching tokens, but most have failed to maintain their initial hype.

Portfolio Pulse from Khyathi Dalal

July 26, 2024 | 5:29 pm

Solana's (SOL) price increased by 5.83% in the past 24 hours, continuing its positive trend with an 8.0% gain over the past week. The trading volume has increased by 7.0%, and the market cap is ranked #5 at $83.70 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 3:00 pm

Cryptocurrency markets are experiencing a downturn, with Ethereum down 7% on the third day of spot Ethereum ETF trading. Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu have all seen significant declines. Notable statistics include a 24.4% drop in large transaction volume and a 826.3% plunge in exchange netflows. Analysts and traders are closely watching Bitcoin's price levels, with some predicting a potential end to the current 'mini-correction.'

Portfolio Pulse from Khyathi Dalal

July 25, 2024 | 8:09 pm

Solana (SOL) has seen a 24% monthly gain, outperforming Bitcoin and Ethereum. Analysts predict further price appreciation due to strong total value locked, whale movements, and potential Solana ETFs. Asset manager Franklin Templeton highlighted Solana's major adoption alongside Bitcoin and Ethereum.

Portfolio Pulse from Khyathi Dalal

July 25, 2024 | 6:02 pm

John Deaton, a pro-cryptocurrency attorney running for Senate against Elizabeth Warren, holds 80% of his net worth in Bitcoin and other cryptocurrencies like Ethereum, Solana, and XRP. His campaign has received significant funding from the pro-cryptocurrency lobby, including $1 million donations from the Winklevoss twins and Ripple.

Portfolio Pulse from Aniket Verma

July 25, 2024 | 11:30 am

Cat-themed meme coin, Cat In A Dogs World (MEW), surged 81% over the past week, outperforming other cryptocurrencies like Dogecoin, Shiba Inu, and Bitcoin. The rally is driven by first-time traders and small retail investors. Solana (SOL) also saw a 7% increase, with growing interest from major investment firms.

Portfolio Pulse from Aniket Verma

July 25, 2024 | 4:09 am

Cryptocurrency markets are mixed with Bitcoin and Dogecoin trading sideways, while Ethereum is down. Notable developments include Ferrari expanding crypto payments in Europe, Peter Thiel's investment in Pudgy Penguins, and Riot Platforms becoming the second-largest US-listed miner. Analysts highlight $66,000 as a crucial support level for Bitcoin.

Portfolio Pulse from Khyathi Dalal

July 24, 2024 | 8:17 pm

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