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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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Cryptocurrency markets are experiencing an uptick in prices and positive sentiment due to major banks disclosing Bitcoin holdings and a meme coin rally. Notable developments include increased Bitcoin derivatives trading volume, a surge in large transaction volumes, and significant gains in cryptocurrencies like Dogecoin and Pepe. Analysts predict a 'GME moment' for Bitcoin, indicating potential volatility and halts in ETFs, MSTR, and miner stocks.

Portfolio Pulse from Khyathi Dalal

May 13, 2024 | 8:34 pm

Crypto analyst Alex Kuptsikevich warns that Bitcoin falling below $60,000 could trigger widespread panic selling due to a series of lower lows and highs, miner sell-offs, and fears of tighter regulation. A rise above $65,000 could signal a positive turn. Ethereum, Solana, and Dogecoin saw increases following Bitcoin's brief surge past $63,000. The market faces pressure from falling consumer sentiment, economist forecast misses, and upcoming token unlocks.

Portfolio Pulse from Benzinga Neuro

May 13, 2024 | 12:17 pm

Cryptocurrency markets are currently facing a downturn, with Bitcoin barely holding onto the $60,000 level amid various challenges including falling consumer sentiment and a significant amount of token unlocks. Major cryptocurrencies have seen declines, with Bitcoin, Ethereum, Dogecoin, and others experiencing drops in their values. Despite this, there's a notable increase in Bitcoin's large transaction volume and exchange inflows/outflows. Additionally, Bitcoin ETFs have seen net inflows, and there are predictions of Bitcoin's price reaching $1M by 2030. Analysts suggest that Bitcoin may have one more significant upward move before topping out, with altcoins expected to outperform.

Portfolio Pulse from Khyathi Dalal

May 10, 2024 | 8:16 pm

Cryptocurrency markets are experiencing slight gains amid news of Donald Trump accepting crypto donations and Market Vector's launch of the Meme Coin Index. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show marginal increases. Notably, exchange netflows have significantly dropped, and major U.S. banks are exploring tokenized asset settlements. Robinhood analysts express optimism for crypto volumes, and there's a positive outlook for the approval of Spot Ether ETFs.

Portfolio Pulse from Khyathi Dalal

May 09, 2024 | 8:09 pm

Crypto trader Altcoin Sherpa is focusing on U.S. politics-related meme coins such as TRUMP, USA, and BODEN, alongside considering an investment in Dogecoin (DOGE) for future gains. Sherpa's strategy is to capitalize on the heightened interest in political meme coins during the election season, expecting significant returns from these investments compared to other crypto sectors.

Portfolio Pulse from Khyathi Dalal

May 09, 2024 | 5:38 pm

Cryptocurrency markets remained stagnant with Bitcoin, Ethereum, Dogecoin, and others trading slightly down. Notable developments include FTX's plan to repay customers with interest, a major trading firm's $1B Bitcoin ETF purchase, and Hong Kong's launch of a $128M Crypto ETF Liquidity Fund. Analysts remain optimistic about Bitcoin's potential, predicting significant price targets despite current market consolidation.

Portfolio Pulse from Khyathi Dalal

May 08, 2024 | 8:03 pm

Pseudonymous crypto trader Kevin predicts a challenging period for altcoins, despite the first-ever 'weekly golden cross' of the 50 SMA crossing the 200 SMA, potentially signaling significant market movements. Kevin specifically mentions Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Avalanche (AVAX) as part of his analysis. Another trader, Michaël van de Poppe, remains heavily allocated in altcoins, emphasizing patience for a market reversal.

Portfolio Pulse from Khyathi Dalal

May 08, 2024 | 3:03 pm

Solana (CRYPTO: SOL) has seen a price decrease of 4.72% in the last 24 hours, now at $147.95, despite a 20% uptrend over the past week. Its trading volume dropped by 44%, while the circulating supply slightly increased, maintaining its market cap ranking at #5 with $66.49 billion.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:00 pm

Glauber Contessoto, known as "SlumDOGE Millionaire", highlighted Solana's (SOL) significant price increase over the past year. A year ago, investing $250K in Solana would have yielded $1.65M today, marking a 6.6x increase. Solana's price saw a massive surge from historical lows post-FTX implosion, becoming the fifth-largest cryptocurrency by surpassing XRP. Despite a slower growth in 2024, bullish sentiment remains, with predictions of reaching new highs.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 8:59 am

Cryptocurrency markets are experiencing slight declines with major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin trading flat or down. Notable developments include a buying spree by high net worth Bitcoin holders and a significant holding of $831 million in Bitcoin ETFs by Susquehanna International Group. Analysts see more ETF inflows as key to restarting the bull run, with a focus on the potential impact of spot Bitcoin ETFs and the upcoming halving event.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 9:14 pm

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