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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 5.38% decrease in price over the last 24 hours, continuing a negative trend with a 4.0% loss over the past week. The trading volume has decreased by 45.0%, while the circulating supply increased by 0.75%, leading to a current market cap ranking of #5 at $75.97 billion.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 3:02 pm

Crypto trader Avi Eisenberg is on trial for fraud and manipulation related to his October 2022 actions on the Mango Markets DeFi platform on the Solana blockchain. The case, which involves a $110 million extraction via the platform's MNGO token, could redefine legal and ethical standards in decentralized finance. The trial will explore complex issues of market manipulation within DeFi, with implications for future regulation.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 2:43 pm

Crypto analyst The Moon predicts the Chuck Norris-inspired memecoin CHUCK, built on Ethereum, could surge 1200% if it surpasses its next resistance level. Despite being on the verge of being overbought, the MACD indicates a bullish trend. CHUCK has a market cap of $4.16 million, liquidity over $400,000, and 42 billion tokens across 625 owners. It aims to be listed on CoinMarketCap and differentiates by being on Ethereum, unlike many memecoins on Solana.

Portfolio Pulse from Mehab Qureshi

April 09, 2024 | 9:30 am

The meme coin Dawkoins (DAW), inspired by Richard Dawkins, saw its trading volume double after Dawkins thanked the community for Solana (SOL) donations to his foundation. This surge in volume followed a recent price dip from its all-time high. Crypto analyst Moon predicts a potential 600% surge for DAW if current conditions persist and it breaks out above its current resistance.

Portfolio Pulse from Mehab Qureshi

April 09, 2024 | 7:21 am

Jeo Boden, a Solana-based meme coin parodying President Joe Biden, surged over 21%, briefly surpassing $1, and hitting a new all-time high with a market cap peaking above $700 million before settling around $600 million. Influencers and traders speculate further growth, especially if former President Trump mentions it, contrasting with its rival MAGA Memecoin's $300 million valuation. The coin's potential to outperform other meme coins like dogwifhat and even reach a $50 billion market cap is discussed amidst expectations of increased value as the presidential election approaches.

Portfolio Pulse from Ivan Crnogatić

April 08, 2024 | 10:12 pm

Cryptocurrency analyst Michael Van De Poppe shared his strategy for making millions in crypto by 2024, focusing on strategic portfolio management, picking promising altcoins, and the importance of timing in buying and selling, especially with Bitcoin and Ethereum. He predicts a potential correction in Bitcoin's price and suggests a significant future value for Ethereum, while cautioning against investing in overly hyped assets like Solana or meme tokens.

Portfolio Pulse from Ivan Crnogatić

April 08, 2024 | 8:26 pm

The Solana network is facing severe congestion due to a surge in spam transactions and meme coin activity, leading to delays and transaction failures. Developers are working on software patches and updates to address these issues. Despite the congestion, Solana has attracted significant attention and investment, partly due to its low transaction fees and the influx of new users drawn by meme coin activity. However, the network's current challenges could impact user experience and investor confidence if not resolved quickly.

Portfolio Pulse from Murtuza Merchant

April 08, 2024 | 5:27 pm

Crypto analyst Ali Martinez suggests the low crowd sentiment for Solana (SOL) presents a contrarian investment opportunity. Despite a recent downturn, Solana's year-to-date performance is up 74%, but it remains 32.3% below its all-time high. The broader cryptocurrency market, including meme coins, has shown positive trends in 2024.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 4:50 am

Dogecoin (DOGE) experienced a significant rally over the weekend, surpassing the $0.20 mark for the first time since April 2, with an 11.37% increase to $0.202750. Crypto analyst Ali Martinez and trader Yomi highlighted DOGE's potential for a new bull market, comparing its current pattern to the 2018-2021 trend. Additionally, the Solana-based meme coin Dogwifhat (WIF) also saw a notable increase, rising 9.52% to $3.6726.

Portfolio Pulse from Shanthi Rexaline

April 07, 2024 | 3:47 pm

The article discusses the impact of crypto on society, focusing on Friend.tech's upcoming airdrop, influencer Ansem's role in the crypto community, and broader concerns about the 'dumbing down of America.' Friend.tech, likened to a crypto version of Onlyfans, is gaining attention for its airdrop of $FRIEND tokens. Ansem, a prominent Solana supporter, is highlighted for his market influence. The piece also touches on societal shifts towards a service and information economy, as critiqued by Carl Sagan in 1995, suggesting crypto may be exacerbating these trends.

Portfolio Pulse from Ivan Crnogatić

April 07, 2024 | 2:54 pm

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