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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GameStop meme coin has generated significant profits for traders, with one making $2.8 million and another $1.4 million. The gains highlight the volatile yet lucrative nature of meme coin investments. The upcoming Roaring Kitty livestream and an interview with the Robinhood CEO are drawing significant attention.

Portfolio Pulse from Khyathi Dalal

June 07, 2024 | 4:38 pm

Veteran trader Capo of Crypto predicts a strong performance for altcoins in June, driven by the success of Bitcoin spot ETFs and the upcoming launch of Ethereum spot ETFs. Despite recent underperformance, altcoins like Ethereum, Solana, and Polkadot could see renewed interest and investment.

Portfolio Pulse from Khyathi Dalal

June 07, 2024 | 2:54 pm

Keith Gill, known as 'Roaring Kitty,' has a 20% chance of becoming a billionaire by June 7, 2024, according to Polymarket users. Gill's $583 million position in GameStop (GME) stock saw a significant increase, with GME stock rising 47% to $46 and further to $61 in after-hours trading. However, GME's Q1 earnings report revealed a loss, causing a decline in Gill's chances. The GME meme coin on Solana (SOL) and the KITTY meme coin have also seen significant surges.

Portfolio Pulse from Murtuza Merchant

June 07, 2024 | 11:06 am

Rapper Iggy Azalea launched the MOTHER token on the Solana blockchain and mocked Ethereum co-founder Vitalik Buterin. Despite Buterin's criticism of celebrity meme coins, MOTHER token surged by 1305.7% in value. Uniswap CEO Hayden Adams commented on the situation, emphasizing the broader value of blockchain technology.

Portfolio Pulse from Murtuza Merchant

June 07, 2024 | 10:40 am

An investor turned $777k into $9.4M in just 8 days by investing in a memecoin themed on rapper Iggy Azalea. The token, called MOTHER, has seen significant gains and social media traction. The Solana-based coin has a market cap of over $213 million.

Portfolio Pulse from Aniket Verma

June 07, 2024 | 9:52 am

A Solana-based memecoin promoted by Hulk Hogan suffered a $15 million loss in market cap after Hogan allegedly deleted social media posts promoting the cryptocurrency. The value of the $HULK token plummeted from $17 million to $2 million within minutes. Hogan later clarified that the posts were not from him.

Portfolio Pulse from Aniket Verma

June 07, 2024 | 5:40 am

Kitty-themed cryptocurrency Kitty AI surged 65% in anticipation of a YouTube livestream by 'Roaring Kitty,' with trading volume more than doubling. GameStop shares also saw significant gains, closing 47% higher.

Portfolio Pulse from Aniket Verma

June 07, 2024 | 3:05 am

Cryptocurrency markets are slightly down despite strong ETF inflows for the last 17 days. Bitcoin is attempting to break the $72-$73K resistance level. Robinhood announced the acquisition of Bitstamp for $200M. Notable statistics include high Bitcoin open interest and low long liquidations. Standard Chartered predicts Bitcoin could reach $150K by year-end if Trump wins.

Portfolio Pulse from Khyathi Dalal

June 06, 2024 | 8:26 pm

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' predicts Bitcoin will reach $350,000 by August 2024. He also expressed confidence in Ethereum and Solana, while criticizing U.S. leadership. Despite his bold claims, the forecast appears unrealistic given Bitcoin's current price trajectory.

Portfolio Pulse from Aniket Verma

June 06, 2024 | 5:13 am

Cryptocurrency markets are trading higher, with notable gains in Bitcoin, Ethereum, and Dogecoin. Bitcoin ETFs have seen significant inflows, and analysts predict potential price increases if key support levels hold. BlackRock's Bitcoin ETF has surged 50% since launch, and Coinbase has introduced smart wallets to simplify crypto onboarding.

Portfolio Pulse from Khyathi Dalal

June 05, 2024 | 8:11 pm

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