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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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Viktor, a decentralized finance researcher, suggests altcoins may outperform Bitcoin due to recent market trends and past liquidation events. He highlights two scenarios for altcoins in the current market, leaning towards a favorable risk-reward ratio for altcoins compared to Bitcoin. Coinglass data on Bitcoin's liquidations and the performance of altcoins like Ethereum, Solana, Pepe, Dogecoin, and Dogwifhat support his view. The upcoming Benzinga event will further explore Bitcoin's role in the digital asset space.

Portfolio Pulse from Khyathi Dalal

May 03, 2024 | 3:50 pm

Cryptocurrency markets saw a rebound on Thursday, with Bitcoin and other major cryptocurrencies like Ethereum, Solana, Dogecoin, and Shiba Inu posting gains. Open interest in Bitcoin hit its lowest in two months, while notable developments included PayPal allowing U.S. users to buy cryptocurrencies and MicroStrategy launching a decentralized identity service. BlackRock anticipates renewed interest in Bitcoin ETFs. Top gainers included Arweave, Pepe, and Axelar. Analysts suggest Bitcoin needs to reclaim higher levels to confirm a positive trend.

Portfolio Pulse from Khyathi Dalal

May 02, 2024 | 8:09 pm

Ethereum surpassed the $3,000 mark following unchanged U.S. jobless claims data, with Pepe emerging as the top gainer among cryptocurrencies. Bitcoin also saw an increase, trading above $58,000. The global crypto market cap rose to $2.19 trillion, marking a 24-hour gain of 2.3%. Pepe led the gainers with an 18.2% increase, while Cronos experienced the largest loss at 2.2%.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 1:34 pm

Crypto analyst Ali Martinez suggests a potential 99% surge in Bitcoin's price based on historical MVRV data. The current MVRV ratio indicates it may be time to buy the dip. This analysis comes as Bitcoin and other cryptocurrencies like Ethereum, Solana, and Dogecoin face significant market challenges, with Bitcoin's value recently dropping below $58,000.

Portfolio Pulse from Benzinga Neuro

May 02, 2024 | 1:08 am

Alex Krüger, an economist and trader, shared insights on the cryptocurrency market, highlighting the Bitcoin ETF as a key driver of the current cycle. He noted Ethereum's underperformance despite benefits for stakers and airdrop farmers, and praised Solana for its appeal to retail traders but mentioned its network issues. Krüger also discussed the rise of meme coins and the market's volatility due to scammy launches, emphasizing that the crypto cycle is not over and opportunities still exist.

Portfolio Pulse from Khyathi Dalal

May 01, 2024 | 6:31 pm

Cryptocurrency markets experienced significant losses, with Bitcoin, Ethereum, Solana, and Dogecoin all dropping in value. The downturn is attributed to the FOMC meeting and poor ETF performances in the U.S. and Hong Kong. Over $400 million was liquidated in the market, marking the deepest retrace in this cycle. Despite the downturn, some traders see potential for a market-wide rally and note the accumulation of Bitcoin by a whale as a positive sign.

Portfolio Pulse from Khyathi Dalal

May 01, 2024 | 11:40 am

Prominent cryptocurrency trader Miles Deutscher shared his top 10 altcoins, emphasizing Ethereum's leadership in the DeFi sector and potential institutional interest. He highlighted the importance of diversification and risk management in crypto investments, mentioning a defensive position amid market fluctuations.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 4:07 pm

Cryptocurrency trader Michael van de Poppe predicts an upcoming altcoin season, emphasizing the importance of market rotations and strategic trading to maximize returns. He highlights the strength in altcoins like Solana and meme coins following the Bitcoin Halving, suggesting a shift towards these alternatives. Van de Poppe also sees Ethereum leading the altcoin charge and considers Chainlink an attractive investment at its current valuation.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 2:45 pm

Bitcoin ETFs experienced significant outflows, with ARKB and GBTC leading the trend with $31.34 million and $24.66 million in outflows respectively. The total net outflow reached $51.53 million on Monday, continuing a three-week trend totaling $435 million in outflows. BlackRock's iShares Bitcoin Trust (IBIT) remained stagnant. The U.S. saw the majority of these outflows, with Grayscale's GBTC accounting for $440 million. Despite this, inflows for the year hit a record $13.6 billion. Altcoins like Solana, Litecoin, and Chainlink saw inflows, indicating a diversification in investor interest.

Portfolio Pulse from Murtuza Merchant

April 30, 2024 | 11:20 am

Bernstein analysts maintain a $150K Bitcoin price target by 2025 despite slow ETF inflows, citing $12 billion in net inflows since spot bitcoin ETFs launch and strong Bitcoin miner performance. They predict positive outcomes for Ethereum ETFs, potentially boosting ETH and Layer-2 tokens like Arbitrum, Optimism, and Polygon. They also highlight the growth potential in crypto niches and project a total crypto market cap of $7.5 trillion in 18-24 months.

Portfolio Pulse from Ivan Crnogatić

April 30, 2024 | 7:19 am

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