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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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Bitcoin investor Fred Krueger argues that Bitcoin is the only cryptocurrency worth buying, dismissing the top 20 cryptocurrencies as 'jokes' despite their combined market cap of over $500 billion. He criticizes Ethereum for underperformance and legal issues, Tether for lack of upside, and Binance Coin for centralization and leadership issues. Other cryptocurrencies like Solana, USDC, Ripple, and meme coins like Dogecoin and Shiba Inu are also dismissed for various reasons.

Portfolio Pulse from Khyathi Dalal

June 03, 2024 | 7:25 pm

Roaring Kitty's return has led to a significant surge in GameStop (GME) stock and related meme coins. An investor made an unrealized profit of $300,000 on Ethereum-based GME tokens. GameStop shares rose by 22%, and GME tokens on various blockchains saw substantial gains.

Portfolio Pulse from Murtuza Merchant

June 03, 2024 | 5:38 pm

Notcoin (NOT) and Toncoin (TON), cryptocurrencies linked to Telegram, saw significant gains with NOT becoming the fourth-most traded crypto. NOT's trading volume spiked 141% to $4.43 billion, surpassing Solana (SOL) and Dogecoin (DOGE). The surge is attributed to the success of a Telegram-based game and the growth of the TON ecosystem.

Portfolio Pulse from Aniket Verma

June 03, 2024 | 7:51 am

Bonk (BONK), a Solana-based memecoin, has corrected since its peak last week, but an analyst suggests this could be a confirmation signal for further upside. Despite the pullback, BONK has been one of the top market gainers recently, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB).

Portfolio Pulse from Aniket Verma

June 03, 2024 | 6:23 am

Keith Gill, known as 'Roaring Kitty,' posted on social media, causing a significant surge in GameStop-themed cryptocurrency GME and other 'Kitty'-themed coins. GameStop Corp. (NYSE:GME) shares traded slightly lower in after-hours trading.

Portfolio Pulse from Aniket Verma

June 03, 2024 | 2:59 am

Cryptocurrency markets experienced sideways trading with Bitcoin, Ethereum, and Dogecoin showing minimal price changes. Liquidations decreased by 15% and trading volume was down by 5%. Analysts predict continued sideways movement for Bitcoin, while Ethereum could see significant gains by year-end. Coinbase's trading revenue is under pressure due to crypto market maturity.

Portfolio Pulse from Ivan Crnogatić

May 31, 2024 | 8:34 pm

Solana (SOL) has experienced a 3.1% price decrease over the past 24 hours, continuing a downward trend of -2.0% over the past week. Trading volume has decreased by 46.0%, while circulating supply has increased by 2.15%. SOL's market cap is currently ranked #5 at $75.99 billion.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 7:01 pm

The 're-staking' trend in the cryptocurrency market has attracted over $18 billion in assets, driven by investors seeking higher returns. Seattle-based EigenLayer has been a key player, with its platform's assets surging from $400 million to $18.8 billion in six months. Despite the potential risks, the practice continues to gain popularity amid broader optimism in the crypto market.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 12:28 pm

Ripple CEO Brad Garlinghouse predicts the emergence of ETFs for XRP, Solana, and Cardano, following the approval of Bitcoin and Ethereum spot ETFs. He highlights regulatory challenges and criticizes the SEC's lack of clarity. Ripple's ongoing legal battle with the SEC could impact the approval process for an XRP ETF.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 5:57 am

Cryptocurrency markets traded mostly sideways on Thursday, with Bitcoin showing slight gains while Ethereum and Dogecoin disappointed. Notable developments include Elon Musk advising Donald Trump on crypto policy and IBIT overtaking GBTC as the biggest Bitcoin ETF. Technical analysts highlight key resistance and support levels for Bitcoin.

Portfolio Pulse from Ivan Crnogatić

May 30, 2024 | 10:01 pm

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