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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 (SOL) has seen an 11% increase over the past week, with predictions of significant growth in the upcoming crypto cycle. Raoul Pal, CEO of Real Vision, highlighted Solana's potential, comparing it to Ethereum's performance in the previous cycle and forecasting a surge between 235% and 570% from current levels. The rise in Solana addresses and total value locked indicates increased adoption and user engagement. Daily transactions on Solana have surpassed those on Ethereum and other major blockchains, with a notable increase in daily active addresses and value moved on-chain.

Portfolio Pulse from Khyathi Dalal

March 12, 2024 | 5:13 pm

Bitcoin ETFs have seen remarkable inflows totaling over $55 billion in assets within two months of their launch, with ProShares Bitcoin Strategy ETF (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) ranking high among all ETFs for year-to-date inflows. Digital asset investment products have surged in popularity, with record inflows and trading turnover, and the U.S. leading in contributions. Bitcoin remains the primary focus, but other digital assets like Solana and Ethereum also saw significant movements.

Portfolio Pulse from Murtuza Merchant

March 11, 2024 | 5:53 pm

Cryptocurrency-related stocks are trading higher due to an increase in Bitcoin's value, positively impacting the broader crypto market.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:00 pm

Solana (SOL) is trading higher by 8.1% amid overall strength in the cryptocurrency market, particularly due to a surge in Bitcoin's price to a new all-time high. The increase in Solana's price reflects the market's recognition of its potential due to its high throughput and low transaction fees. Additionally, the launch of Bitcoin spot ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), has attracted significant interest, further boosting sentiment in the crypto space.

Portfolio Pulse from Henry Khederian

March 07, 2024 | 7:16 pm

ZynCoin, a cryptocurrency inspired by Zyn Nicotine pouches, has seen a remarkable surge of over 4,000% in three weeks, reaching a market cap of $80 million. Available on Ethereum and Solana networks, it's gained traction as a 'culture coin' among social media traders and has been compared to other meme coins like Pepe. Despite its success, concerns about trademark and intellectual property issues loom. Mechanism Capital has invested $577,000 in ZynCoin, signaling confidence in its potential despite the risks associated with meme coins.

Portfolio Pulse from Khyathi Dalal

March 07, 2024 | 6:54 pm

The meme coin 'Jeo Boden' (BODEN) saw a dramatic increase, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB), with over 100x returns in a single day. This surge comes amid a broader interest in meme coins, with Solana (SOL) becoming a popular platform for such tokens. Despite the gains, investors are cautioned about the high volatility and speculative nature of meme coins.

Portfolio Pulse from Mehab Qureshi

March 07, 2024 | 8:05 am

The resurgence of memecoins like Shiba Inu, Dogecoin, Dogwifhat, and Bonk is driven by technical developments, increased token burns, and community engagement. Dogecoin is enhancing its blockchain for more use cases, while Shiba Inu's token burn and Shibarium platform boost its utility. Solana-based memecoins, Bonk and Dogwifhat, benefit from investor interest and Solana's support for memecoin culture.

Portfolio Pulse from Murtuza Merchant

March 06, 2024 | 8:00 pm

'Dogecoin Rival' WIF, a Solana-based meme cryptocurrency, surged 34% in a single day, outperforming Dogecoin and Shiba Inu. WIF's market capitalization exceeded $2 billion just three months after its launch, making it a leader in the meme coin category. The surge is attributed to its listing on the Binance trading platform.

Portfolio Pulse from Mehab Qureshi

March 06, 2024 | 10:28 am

Solana (CRYPTO: SOL) has seen a 21% increase in the past week, despite a 1.4% drop in the last 24 hours, trading around $127. It briefly surpassed BNB Chain's market cap, with trading volumes surging by 75.5% to $6.9 billion. Solana announced token extensions, enhancing use cases for enterprises. Its total value locked is $2.7 billion, with significant contributions from Marinade, Jito, and Marginfi. Technical charts and traders suggest a bullish outlook, potentially reaching $200 if Bitcoin's price remains stable. The anticipation of an Ethereum ETF could further boost Solana's rally.

Portfolio Pulse from Khyathi Dalal

March 05, 2024 | 8:52 pm

'BONK Killer' MILLI, operating on the SEI network, surged over 70% in a single day, outperforming other meme cryptocurrencies like Dogecoin, Shiba Inu, and BONK. MILLI's market cap approached $2.5 million with a trading volume of $522,075. The token's success is attributed to strong community support and a unique brand identity. Meanwhile, Dogecoin and BONK saw declines, while Shiba Inu increased by 6%. The MILLI team also addressed investor concerns, aiming to restore token distribution and liquidity.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 5:16 pm

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