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 bullish, with Bitcoin nearing $70,000, driven by BlackRock's Bitcoin ETF accumulating $1 billion. Key developments include Bitcoin's dominance reaching a 3-year high and Robinhood's Bitstamp deal. Market movements may be influenced by the upcoming U.S. election.

Portfolio Pulse from Khyathi Dalal

October 18, 2024 | 7:27 pm

Solana's price has risen by 5.01% in the last 24 hours, reaching $155.94, with a weekly increase of over 7%. The trading volume has increased by 3%, and the circulating supply has grown by 0.1%. Solana's market cap is ranked #5 at $73.31 billion.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 7:00 pm

Cryptocurrency markets are experiencing a down day, with Bitcoin, Ethereum, and Dogecoin consolidating recent gains. Despite the downturn, traders are optimistic about a new bull cycle. Bitcoin ETFs have seen significant purchases, while Bitcoin's price is approaching a critical resistance level.

Portfolio Pulse from Khyathi Dalal

October 17, 2024 | 7:40 pm

Bitwise CIO Matt Hougan predicts a strong comeback for Ethereum in 2025, viewing it as a 'contrarian play' despite current challenges. Ethereum remains a preferred blockchain for stablecoins and DeFi, with large institutions favoring it for public blockchain projects.

Portfolio Pulse from Khyathi Dalal

October 17, 2024 | 3:16 pm

Cryptocurrency markets are experiencing a bullish trend, with Bitcoin, Ethereum, and Dogecoin showing significant gains. Bitcoin's market dominance is at its highest since 2021, and traders predict new all-time highs in the coming weeks. Notable developments include Tesla's potential exit from Bitcoin and discussions on crypto regulation.

Portfolio Pulse from Khyathi Dalal

October 16, 2024 | 7:48 pm

Cryptocurrency markets are trading flat after a spike, with Bitcoin reaching $68K. Notable developments include Metaplanet's Bitcoin purchase and high Bitcoin spot ETF inflows. Analysts predict potential bullish momentum for Bitcoin.

Portfolio Pulse from Khyathi Dalal

October 15, 2024 | 8:53 pm

Anthony Scaramucci discusses the current state of the cannabis industry, noting its shift from rapid growth to consolidation due to oversaturation and increased regulation. He contrasts this with the cryptocurrency market, which he views as having more transformative potential. Scaramucci advises cannabis investors to adjust expectations as the industry matures.

Portfolio Pulse from Javier Hasse

October 15, 2024 | 5:49 pm

Lesser-known memecoins BOOK OF MEME and Cat In A Dogs World Token emerged as top performers amid a bullish market sentiment, with Solana-based BOOK OF MEME surging over 28% and Cat In A Dogs World Token rising 22%. The overall meme coin market capitalization increased by over 6%, driven by a broader market rally.

Portfolio Pulse from Aniket Verma

October 15, 2024 | 4:09 am

Cryptocurrency markets are experiencing a rise, with Bitcoin, Ethereum, and Dogecoin seeing significant gains. This is attributed to expectations of Chinese economic stimulus. Bitcoin has crossed the $65,000 mark, prompting discussions about its entry into a FOMO zone. Despite the bullish sentiment, traders are advised to exercise caution as market corrections are expected.

Portfolio Pulse from Khyathi Dalal

October 14, 2024 | 7:44 pm

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