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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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A 10x Research report suggests caution for Ethereum (ETH) investors, indicating that the recent ETF launch might lead to a sell-off rather than a rally. Historical patterns and several factors, including limited marketing efforts, low funding rates, and stagnant network growth, support this view. The report also highlights a potential shift in favor of Solana (SOL) over Ethereum.

Portfolio Pulse from Murtuza Merchant

July 23, 2024 | 6:39 pm

The integration of AI within the Web3 ecosystem is advancing, with Assisterr leading the charge by developing decentralized AI infrastructure. Assisterr's CEO, Nick Havryliak, emphasized the importance of democratizing AI benefits and highlighted the role of community-owned Small Language Models (SLMs) in competing with Big Tech. Assisterr has also developed AI agents for platforms like Solana and NEAR to improve developer efficiency.

Portfolio Pulse from Murtuza Merchant

July 23, 2024 | 3:36 pm

Cryptocurrency markets are trading relatively flat, with Dogecoin showing significant gains. Bitcoin's open interest has spiked, and veteran holders are not selling. Notable developments include Hong Kong launching Asia’s first Bitcoin Futures Inverse Product and significant liquidations in the market.

Portfolio Pulse from Khyathi Dalal

July 22, 2024 | 8:17 pm

Solana (SOL) has seen a price increase of 3.57% in the past 24 hours, reaching $181.31. Over the past week, the price has risen by over 17%, with trading volume climbing 63%. The circulating supply has decreased by 0.16%, bringing the market cap to $84.34 billion, ranking it #5.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 7:00 pm

The Coinshares report reveals sustained inflows into Bitcoin and Ethereum investment products, with Bitcoin attracting $1.27 billion and Ethereum $45 million last week. Despite positive sentiment in digital assets, blockchain equities faced outflows of $8.5 million.

Portfolio Pulse from Murtuza Merchant

July 22, 2024 | 11:40 am

The U.S. political landscape saw a major shift as Joe Biden dropped out of the 2024 presidential race, causing volatility in Trump-themed cryptocurrencies. MAGA Coin plunged 8%, while a Solana-based Donald Trump memecoin surged 53%.

Portfolio Pulse from Aniket Verma

July 22, 2024 | 3:47 am

Cryptocurrency markets are experiencing significant gains, with Bitcoin, Ethereum, and Dogecoin among the top performers. Bitcoin's open interest has reached its highest since June 23, and notable developments include a $230M hack at WazirX and BlackRock's BUIDL Tokenization Fund hitting $500M in assets. Analysts predict further gains for Bitcoin, Ethereum, and Solana.

Portfolio Pulse from Khyathi Dalal

July 19, 2024 | 8:23 pm

Dogwifhat (WIF), a Solana-based memecoin, surged over 8% in the last 24 hours, reaching a 1-month high, while other memecoins like Dogecoin, Shiba Inu, and Pepe saw declines. A prominent trader suggests WIF could see further gains if it holds above $2.20.

Portfolio Pulse from Aniket Verma

July 19, 2024 | 5:38 am

Cryptocurrency markets are trading lower following a $230 million hack on Indian crypto exchange WazirX. Bitcoin, Ethereum, and Dogecoin are among the notable cryptocurrencies experiencing declines. Key metrics show a decrease in large transaction volumes and daily active addresses, while exchange netflows have risen significantly. Analysts have mixed predictions for Bitcoin's short-term performance, with some seeing potential for a bullish August if Bitcoin holds above $62,750, while others predict a bearish retest.

Portfolio Pulse from Khyathi Dalal

July 18, 2024 | 8:23 pm

Cryptocurrency markets are slightly down despite Bitcoin ETF inflows peaking at a one-month high. Bitcoin, Ethereum, and Dogecoin have dipped, with notable statistics showing increased large transaction volumes and significant liquidations. Direxion has launched two new crypto ETFs, and Bitwise CIO predicts Ethereum to reach $5,000 in 2024.

Portfolio Pulse from Khyathi Dalal

July 17, 2024 | 8:21 pm

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