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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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SEC Commissioner Hester Peirce has suggested that the inclusion of staking features in Ethereum ETFs could be reconsidered in the future. This comes as Ethereum ETFs are set to debut for trading soon. Peirce's comments are significant as they indicate potential regulatory flexibility, although not all SEC Commissioners may share her views.

Portfolio Pulse from Murtuza Merchant

July 17, 2024 | 5:45 pm

GameStop Corp. (NYSE:GME) and Kitty-themed memecoins surged higher due to high short interest and speculation of a short squeeze. GameStop's stock closed 5.85% higher, while the GameStop (CRYPTO: GME) and Kitty AI (CRYPTO: KITTY) memecoins saw significant gains.

Portfolio Pulse from Aniket Verma

July 17, 2024 | 3:54 am

Cryptocurrency markets are trading higher with notable gains in Bitcoin, Ethereum, and Dogecoin. Long liquidations have spiked, and Bitcoin open interest has surged. Ethereum ETFs are expected to attract significant inflows. Analysts predict potential explosive growth in September/October if historical patterns repeat.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 8:24 pm

Solana's (SOL) price increased by 3.89% in the past 24 hours, continuing a positive trend with a 14.0% gain over the past week. Trading volume climbed 27.0%, and the circulating supply increased by 0.28%. SOL's market cap is now $74.97 billion, ranking it #5.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 7:00 pm

Citi projects up to $5.4 billion in inflows for upcoming spot Ethereum ETFs in the U.S., but cautions that actual inflows and returns could be lower than expected. The ETFs are set to begin trading next Tuesday after SEC approval. Ethereum prices have surged 11% to $3,400 in anticipation.

Portfolio Pulse from Ivan Crnogatić

July 16, 2024 | 1:55 pm

Solana (SOL) is outperforming Ethereum (ETH) in terms of token listings, daily active addresses, and NFT transactions. Experts predict bullish short-term price action for SOL, with potential to surge towards $174. SOL has seen a 10.7% gain over the past week.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 1:04 pm

Prominent crypto trader Altcoin Sherpa predicts a meme coin supercycle, but it will differ from the 2021 run-up. Instead of a few coins seeing massive gains, a larger number of mid-cap coins are expected to perform well. Investors should focus on the meme coin sector as a whole.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 12:31 pm

Influential crypto analyst Ali Martinez predicts a bullish run for Solana (SOL), forecasting a rise to $174 due to a 'W' pattern formation. This prediction is supported by other analysts and recent ETF filings by VanEck and 21Shares. Solana is currently trading at $154.20.

Portfolio Pulse from Aniket Verma

July 16, 2024 | 7:59 am

Cryptocurrency markets are trading higher following a failed assassination attempt on former President Donald Trump. Bitcoin, Ethereum, and Dogecoin are among the top gainers. Notable statistics include increased transaction volumes and active addresses. Key developments include a recovery in spot ETF demand and comments from BlackRock's CEO on Bitcoin's legitimacy.

Portfolio Pulse from Khyathi Dalal

July 15, 2024 | 8:23 pm

Bitcoin's recent surge to $63,000 has shifted market sentiment to a bullish bias. Key traders highlight the importance of holding $60,000 for further gains. The biggest cryptocurrencies, including Bitcoin, Ethereum, and Solana, have rallied double digits over the past week.

Portfolio Pulse from Khyathi Dalal

July 15, 2024 | 8:16 pm

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