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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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Solana (CRYPTO: SOL) has seen a decrease of 3.9% in its price over the last 24 hours, marking a continuation of its downward trend with a total decrease of 12.0% over the past week. The current price is $136.62, down from $153.2. The trading volume for Solana has dropped by 33.0%, and its circulating supply decreased by 0.3% to 447.28 million, placing its market cap ranking at #5 with a value of $61.11 billion.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 3:02 pm

Bitcoin (BTC) is facing a potential downturn, with analysts warning of a 'second danger zone' similar to post-2016 halving corrections. A significant Bitcoin whale deposited $77.67 million worth of BTC into Kraken, indicating possible profit-taking and a forthcoming price correction. Meanwhile, Altcoin Sherpa predicts a 267% surge in Solana (SOL) by the end of 2024, alongside potential gains in AI-focused cryptocurrencies Fetch.ai (FET) and Render (RNDR). The article also discusses the state of meme coins, suggesting a possible consolidation and resurgence.

Portfolio Pulse from Kaustubh Bagalkote

April 29, 2024 | 3:10 am

The article discusses the current state and future prospects of meme coins in the cryptocurrency market, highlighting the skepticism from venture capitalists (VCs) and the impact of meme coins on the crypto industry's legitimacy. It mentions specific cryptocurrencies like Bitcoin (BTC), Apecoin (APE), Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), Bonk (BONK), and Solana (SOL), providing insights into their performance and the broader implications for the crypto market.

Portfolio Pulse from Ivan Crnogatić

April 28, 2024 | 9:10 pm

Cryptocurrency strategist Altcoin Sherpa predicts Solana (SOL) will surge 267% to over $500 by the end of 2024. He also sees potential in AI-focused cryptocurrencies Fetch.ai (FET) and Render (RNDR), suggesting they could be good buys after short-term pullbacks. Currently, SOL is trading at $136, with FET at $2.11 and RNDR at $7.95, all experiencing recent declines.

Portfolio Pulse from Bibhu Pattnaik

April 28, 2024 | 12:47 pm

Crypto analyst Crypto Dog predicts a bullish run for memecoin Jeo Boden (BODEN) and NEAR Protocol (NEAR), citing a breakout for BODEN and bullish signs for NEAR based on AI narratives. BODEN has seen a twenty-fold increase since March, and NEAR is expected to lead in the coming weeks. BODEN recently hit a new all-time high with a market cap over $700 million, while NEAR outperforms Bitcoin and Solana.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 2:18 pm

Eddy Lazzarin, CTO of a16zcrypto, criticized meme coins on X, arguing they distort public perception of crypto's potential, likening it to a risky casino. The debate highlights concerns over adoption, regulatory actions, and developer behavior. Mike Dudas and Jesse Walden offered counterpoints, discussing meme coins' popularity and comparing their impact to deceptive projects. The discussion reflects broader industry challenges and the search for balance between innovation and investor protection.

Portfolio Pulse from Murtuza Merchant

April 25, 2024 | 5:15 pm

Solana (CRYPTO: SOL) has seen a price increase of 3.22% in the last 24 hours, reaching $158.14, with an 18% increase over the past week from $131.71. Despite a 54% drop in trading volume and a slight decrease in circulating supply to 447.05 million, SOL's market cap ranks #5 at $70.29 billion. The volatility and price movement are illustrated with Bollinger Bands in the provided chart.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 3:01 pm

Ian Cummings, a gaming veteran with experience at Electronic Arts, Zynga, and FanDuel, has led the development of Photo Finish LIVE, a play-to-earn virtual horse racing game under Third Time Entertainment. The game, which utilizes Solana blockchain for its NFTs, offers a new Web3 experience for horse racing enthusiasts, allowing players to race, breed, and stake horses. Cummings aims to attract a broad audience, leveraging his extensive background in gaming. The game has partnered with Churchill Downs, Inc. for a Virtual Kentucky Derby event, aiming for further growth and expansion, including a mobile app launch and obtaining a gambling license in more countries.

Portfolio Pulse from Chris Katje

April 22, 2024 | 8:18 pm

Melania Trump announced the launch of a $245 customizable Mother's Day necklace, 'Her Love & Gratitude,' which includes a limited-edition digital collectible on the Solana blockchain. This move marks her continued interest in digital art and blockchain technology, following her previous ventures such as a Solana-powered NFT platform and digital art collections. Solana's price saw a slight decrease of 0.28% at the time of the announcement.

Portfolio Pulse from Benzinga Neuro

April 22, 2024 | 1:54 am

The cryptocurrency market experienced significant events this week, including Bitcoin's fourth halving, a shift in Raoul Pal's crypto portfolio favoring Solana over Ethereum, a notable increase in Shiba Inu's token burn rate, and a lack of response to Elon Musk's Dogecoin tweet. Despite these developments, Bitcoin's price saw a slight increase, and predictions suggest a potential rebound.

Portfolio Pulse from Navdeep Yadav

April 21, 2024 | 1:02 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.