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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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Dogwifhat (WIF), a meme coin on the Solana blockchain, surged 32% after Elon Musk tweeted a photo of his dog in a St. Patrick's Day hat, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB). The tweet led to increased trading activity for meme coins on Solana, with WIF's volume hitting $568 million, surpassing BONK. DOGE and SHIB saw smaller gains of 3% and 8%, respectively.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 4:28 am

Over $700 million in cryptocurrencies including Bitcoin, Ethereum, and others were liquidated in 24 hours as Bitcoin's value dipped below its previous all-time high. MicroStrategy plans to offer $525 million in convertible senior notes to purchase more Bitcoin as its price nears $70,000.

Portfolio Pulse from Bibhu Pattnaik

March 16, 2024 | 8:53 pm

A cryptocurrency trader, Blockgraze, sold 25% of their Dogwifhat (WIF) holdings for $1.65 million, converting the proceeds into Solana (SOL). Despite the global crypto market's downturn, Dogwifhat has seen significant gains, with its valuation reaching $3 billion. The token's resilience is highlighted by its recent $650,000 fundraising for a Las Vegas sphere display. Additionally, an NFT featuring the 'dog with hat' is being auctioned, currently bidding at 6.942 ETH.

Portfolio Pulse from Khyathi Dalal

March 15, 2024 | 6:36 pm

Cryptocurrency market sees a significant decline with Ethereum and Bitcoin leading the losses, trading below key levels of $3,700 and $68,000 respectively. Conflux emerges as the top gainer, while Bitcoin SV records the largest loss. The global crypto market cap drops by 6.2% to $2.57 trillion.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 1:34 pm

Cryptocurrencies traded mixed after the Labor Department's Bureau of Labor Statistics reported a 0.6% increase in the producer price index, indicating higher than expected inflation. This led to a sell-off in cryptocurrencies, with Bitcoin, Ethereum, and Dogecoin experiencing varied price movements. Grayscale moved $400 million in Bitcoin to Coinbase, contributing to market volatility. Over 161,570 traders liquidated positions worth $547.19 million. Analysts predict a bright future for Bitcoin, expecting its value to reach $500K as spot ETF inflows increase.

Portfolio Pulse from Mehab Qureshi

March 15, 2024 | 3:36 am

Franklin Templeton's report highlights the growing relationship between meme coins and the Solana blockchain, noting the increased adoption and usage of Solana due to its popularity among meme coins like BONK. The report points out the significant rise in Solana's daily active user addresses and its impressive 695% growth over the last year, outperforming Ethereum and other cryptocurrencies.

Portfolio Pulse from Chris Katje

March 14, 2024 | 10:10 pm

The 'Jeo Boden' meme coin, inspired by a humorous misspelling of U.S. President Joe Biden's name, surged 252% in value on the Solana blockchain, leading to a broader interest in meme coins including Dogecoin and Shiba Inu. This trend coincides with Bitcoin reaching new price highs, indicating a growing interest in cryptocurrency investments. A notable investor, Barkery, turned a $260 investment into $423,000 by trading BODEN tokens.

Portfolio Pulse from Murtuza Merchant

March 14, 2024 | 4:47 pm

Cryptocurrency prices experienced fluctuations following the release of U.S. Producer Price Index data, with Ethereum falling below $4,000 and Bitcoin dropping below $73,000. Bittensor and ApeCoin were among the top losers, while dogwifhat led the gainers. The global crypto market cap increased by 2.1% to $2.76 trillion.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 1:32 pm

Dogwifhat (CRYPTO: WIF), a meme coin built on the Solana blockchain, has raised over $650,000 to feature its image on the Las Vegas Sphere's digital screen, owned by Sphere Entertainment Co (NYSE:SPHR). This campaign has contributed to Dogwifhat reaching a new all-time high of $2.68. The coin's visibility on one of Las Vegas's largest screens is expected to further increase its popularity and market capitalization, which currently stands at $2.65 billion.

Portfolio Pulse from Chris Katje

March 13, 2024 | 9:51 pm

Solana's (CRYPTO: SOL) price has increased by 8.09% in the last 24 hours, reaching $161.41, continuing a positive trend with a 23.0% gain over the past week from $129.94. Despite a 17.0% decrease in trading volume, the circulating supply has grown by 0.98% to over 443.53 million, with a current market cap ranking of #5 at $71.61 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 7:00 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.