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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

A trader transformed an $8,673 investment in a hamster-themed meme coin, Hammy (HAMMY), into $1.26 million in two months, showcasing the high-reward potential of investing in lesser-known crypto tokens. The trader initially bought 24.8 million HAMMY with 60 Solana (SOL) and sold half of their holdings for a significant profit while retaining the rest, which remains valuable. This story highlights the volatile yet lucrative nature of the crypto market, especially within emerging blockchains like Solana.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 2:51 pm

Apatheticwhale, a self-proclaimed meme coin millionaire, shared his strategy for making millions with meme coins, involving creating numerous aged Ethereum and Solana accounts to accumulate 2-4% of several promising projects. He credits his wealth to this method, having applied it successfully to cryptocurrencies like Shiba Inu, Pepe, BabyDoge, and Dogecoin, which he still holds a significant amount of.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 2:12 pm

Cryptocurrency markets saw a downturn despite strong ETF inflows on Friday, with major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin trading lower. The market experienced significant liquidations and a drop in exchange outflows. Noteworthy developments include Bitcoin reaching one billion transactions and regulatory attention from the SEC towards Robinhood's crypto business. Analyst Max Keiser highlighted Bitcoin's role in the U.S. economy's challenges.

Portfolio Pulse from Khyathi Dalal

May 06, 2024 | 8:32 pm

Cryptocurrency trader Lark Davis cautions that Bitcoin could still face a correction despite bullish indicators like MACD bull cross and RSI breakout. He notes Bitcoin's strength and potential for a rally, but warns investors not to get overly confident. Davis also discusses the altcoin market, highlighting Ethereum's Layer-2 networks, competition among top blockchains like Cardano, Polkadot, and Avalanche, and the rise of meme coins such as Shiba Inu and Pepe.

Portfolio Pulse from Khyathi Dalal

May 06, 2024 | 5:55 pm

Joe McCann, founder of Asymmetric, expressed a bullish outlook on Solana (SOL), citing its high throughput, low transaction costs, and the upcoming 'Fire Dancer' update aimed at increasing transaction capacity. He compared Solana's potential impact on the crypto market to the role of meme coins and discussed the concept of 'financial nihilism' among younger generations. The discussion anticipates further exploration at the Benzinga Future of Digital Assets event.

Portfolio Pulse from Murtuza Merchant

May 06, 2024 | 4:20 pm

Solana (CRYPTO: SOL) has seen a 3.61% increase in its price over the last 24 hours, reaching $153.34, continuing a positive trend with a 12.0% gain over the past week from $136.88. Despite a 7.0% decrease in trading volume, the circulating supply has risen by 0.22% to 447.44 million, with Solana's market cap ranking at #5, valued at $68.99 billion.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 3:00 pm

The article discusses the reasons behind the growing fatigue among cryptocurrency investors, highlighting the emotional rollercoaster caused by the volatile crypto market. It mentions Tesla's adoption of Dogecoin (DOGE), the performance of Bitcoin (BTC), and the rise of meme coins like dogwifhat (WIF) and Solana (SOL). Despite the market's ups and downs, the article advises against giving up on crypto, citing long-term trends and offering tips from experienced traders on managing the emotional challenges of crypto investing.

Portfolio Pulse from Ivan Crnogatić

May 05, 2024 | 6:53 pm

Over the weekend, meme coins experienced significant gains, led by Dogwifhat (WIF), with Dogecoin (DOGE), Floki (FLOKI), and Pepe (PEPE) also posting double-digit increases. The rally was attributed to sustained strength in the cryptocurrency market, influenced by the Federal Reserve's rate decision and dovish comments by Jerome Powell. Reports of Tesla accepting Doge for payments on its online shop contributed to the momentum, alongside predictions of a bull run for Doge by crypto analyst Ali Martinez.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 8:44 pm

Cryptocurrency markets rallied with Bitcoin surpassing $60,000, driven by positive macro data and market sentiment. Major cryptos like Ethereum, Dogecoin, and others saw gains. Liquidations totaled $139.22 million, with significant exchange inflows and outflows reported. Spot Bitcoin ETFs experienced a net outflow, while Bitcoin whales accumulated 47,000 BTC. Developments include potential benefits of Hong Kong's Spot Bitcoin ETFs and delayed decisions on Bitcoin-related ETFs by the SEC. Analysts predict further gains if Bitcoin surpasses $67,000.

Portfolio Pulse from Khyathi Dalal

May 03, 2024 | 7:47 pm

Cryptocurrencies are experiencing an uptick in trading values due to a risk-on sentiment spurred by recent US jobs data.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 7:27 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.