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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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Altcoin Sherpa, a cryptocurrency analyst, expressed optimism about the altcoin market, highlighting potential breakouts for Render (RNDR) and bullish sentiment for Solana (SOL) and RSS3. Conversely, Pentoshi offered a cautious short-term outlook, expecting a pullback and consolidation for altcoins. The Bitcoin halving event's impact on altcoins is anticipated.

Portfolio Pulse from Murtuza Merchant

March 27, 2024 | 7:13 pm

Solana (CRYPTO: SOL) has seen a decrease of 3.47% in its price over the last 24 hours, now at $185.29, despite a weekly uptrend of 6.0%. The trading volume dropped by 56.0%, while the circulating supply slightly increased by 0.16% to 444.31 million. Solana's market cap ranks #5 at $82.08 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 3:00 pm

A trader lost $138,000 in 35 minutes attempting to 'snipe' a newly launched coin, PUNDU, using Solana (SOL) tokens withdrawn from Binance. The strategy backfired due to 'sniper selling', leading to a rapid price decline and a significant loss.

Portfolio Pulse from Murtuza Merchant

March 27, 2024 | 1:15 pm

Richard Dawkins, known for coining the term 'meme', received a cryptocurrency named after him, Dawkoin, as a birthday present. Elon Musk, CEO of Tesla and a cryptocurrency enthusiast, acknowledged this with a laugh. Dawkoin, which credits Dawkins as the 'father of MEMEs', has a total supply of 1 billion and can be bought by converting Solana (SOL) on the Raydium platform. Investors are advised to be cautious with meme coins like Dawkoin due to their speculative nature.

Portfolio Pulse from Ramakrishnan M

March 26, 2024 | 7:12 am

Book of Meme (BOME), a meme coin in the Solana ecosystem, has seen a dramatic increase in price, soaring over 22,000% in just 10 days. Factors contributing to this surge include a rise in open interest among derivatives traders, a notable short squeeze, and increased derivatives volume. Binance is investigating potential insider trading related to BOME, and the crypto community is anticipating the debut of Book of Meme 2.0 (BOME2) on LBank.

Portfolio Pulse from Bibhu Pattnaik

March 23, 2024 | 2:16 pm

Solana (CRYPTO: SOL) has seen a significant price drop of 10.35% in the last 24 hours, bringing its price down to $168.65. This decline is part of a negative trend over the past week, with a total loss of 7.0% from its previous price of $181.92. The trading volume for Solana has decreased by 63.0% over the past week, while its circulating supply has increased by 1.44% to over 444.08 million. Currently, Solana's market cap ranks it 5th at $74.93 billion.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 3:00 pm

Bitcoin and Ethereum experienced declines, with Bitcoin falling below the $65,000 mark and Ethereum trading below $3,500. The global crypto market cap dropped by 3.3% to $2.46 trillion. Fantom emerged as the top gainer, while Ondo was the biggest loser among the cryptocurrencies mentioned.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 1:36 pm

Luke Martin shared his experience creating a meme coin on the Solana blockchain, emphasizing fairness and avoiding typical pitfalls like rug pulls. Despite his efforts, the coin experienced a rapid rise and decline, leading to mixed feelings about the process. The article also highlights the current meme coin hype, with established coins like Dogecoin and Shiba Inu remaining strong, while newcomers face volatility. The crypto community's fascination with meme coins continues amidst Bitcoin's price movements and the upcoming Halving event.

Portfolio Pulse from Khyathi Dalal

March 21, 2024 | 4:15 pm

Bitcoin experienced a 13% drop from its all-time high of $73,737.94, now trading around $64,000. Factors include excessive leverage, Ethereum's performance and speculation around an Ethereum ETF, negative inflows into Bitcoin ETFs, and the rise of meme coins on the Solana blockchain. These elements have contributed to the current market instability.

Portfolio Pulse from Murtuza Merchant

March 20, 2024 | 3:35 pm

Bitcoin and Ethereum saw gains, with Bitcoin surpassing the $64,000 mark and Ethereum trading above $3,300. Pepe emerged as the top gainer in the last 24 hours, while dogwifhat was the biggest loser. The global crypto market cap increased to $2.41 trillion, a 0.3% gain. The Fed's policy decision is anticipated today, with no change in interest rates expected.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 2:37 pm

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