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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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Arthur Hayes, co-founder of BitMex, predicts Dogwifhat (WIF) will reach $2 after a 330% weekly rally, surpassing rivals Dogecoin (DOGE) and Shiba Inu (SHIB) in gains. The Solana-based memecoin's popularity surged following a quiet listing by Robinhood Europe, pushing its market cap over $1 billion. Influencers have further fueled its rise with guerrilla marketing campaigns.

Portfolio Pulse from Ivan Crnogatić

March 02, 2024 | 6:31 pm

Robinhood (NASDAQ:HOOD) has added Dogwifhat (CRYPTO: WIF) to its trading platform, resulting in a 28% increase in WIF's value and reaching a $1B market cap. The listing on Robinhood Europe and the potential for future listings on other major exchanges like Coinbase highlight the growing acceptance of meme coins in the cryptocurrency market. WIF, launched on Solana (CRYPTO: SOL) in December 2023, has seen substantial growth, with expectations of continued interest from retail traders.

Portfolio Pulse from Murtuza Merchant

March 01, 2024 | 1:39 pm

Pseudonymous trader Unipcs, known as 'Bonk guy,' updated his Bonk (CRYPTO: BONK) trade progress, revealing a fluctuation from $16,000 to $12.7 million, then to $3 million, and now $7.4 million. He gained fame for his significant profit from Bonk, a memecoin on the Solana network, which he insists is 'just the beginning.' His story highlights the extreme volatility in the cryptocurrency market, with Bonk being compared to Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

Portfolio Pulse from Ivan Crnogatić

March 01, 2024 | 12:11 am

The Solana blockchain's memecoins, including Dogwifhat (WIF), Bonk (BONK), Myro (MYRO), and Anita Max Wynn (WYNN), have shown significant gains, with Dogwifhat leading the rally. Solana (SOL) itself has seen its value increase, reaching $112, surpassing its April 2022 peak. The total value locked on Solana has also risen to $2.2 billion. Despite the gains, a trader highlighted the risks involved in investing in memecoins, pointing out issues like influencer manipulation and lack of developer commitment.

Portfolio Pulse from Khyathi Dalal

February 28, 2024 | 6:03 pm

Dogwifhat (WIF), a Solana-based memecoin, surged 34% to an all-time high of 77 cents with a trading volume of $180.9 million, positioning it fifth among meme coins by market cap. The broader crypto market rally, including Bitcoin surpassing $60,000, contributed to WIF's rise. With predictions of reaching a $1 billion market cap soon and potential listings on centralized exchanges, WIF's performance reflects the growing interest in meme coins. Solana's total value locked also increased, indicating a shift from Ethereum and Bitcoin to altcoins.

Portfolio Pulse from Khyathi Dalal

February 28, 2024 | 2:26 pm

Bitcoin (BTC) has seen a significant price increase, reaching $59,053, and is on track for its largest monthly gain since October 2021. This surge is driven by the excitement over the introduction of spot Bitcoin ETFs in the U.S. and the anticipation of Bitcoin's next halving event in April. The Grayscale ETF GBTC experienced a net outflow, while BlackRock's ETF IBIT saw a record single-day net inflow. Other cryptocurrencies like Ethereum (ETH), Solana (SOL), and Ripple (XRP) also saw value increases. Market sentiment is extremely optimistic, but there's a growing concern over a potential market correction.

Portfolio Pulse from Murtuza Merchant

February 28, 2024 | 12:28 pm

A trader achieved an unrealized gain of $582,000 by taking a long position on Dogwifhat (WIF), a cryptocurrency that has seen a significant price surge, outperforming established memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB). Dogwifhat's market capitalization nearly doubled in a week, and it's now being closely watched by traders and analysts. The crypto community is abuzz with speculation about potential listings on Binance and Coinbase.

Portfolio Pulse from Khyathi Dalal

February 27, 2024 | 8:18 pm

Solana's (CRYPTO: SOL) price has increased by 5.51% in the last 24 hours, reaching $109.21, continuing a positive trend with a 3.0% gain over the past week. The trading volume for Solana has surged by 70.0% over the same period, with its circulating supply now at 442.32 million. Solana's market cap ranks #5 at $48.18 billion.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 3:02 pm

MicroStrategy Inc (NASDAQ:MSTR) has purchased an additional 3,000 Bitcoin, increasing its holdings to 193,000 coins at an average price of $31,544 each. This acquisition, costing $155 million at an average price of $51,813 per Bitcoin, comes amid a surge in crypto investment product inflows, with Bitcoin-based products leading. The broader market saw almost $600 million in inflows, with Bitcoin accounting for over 85% of this. Other cryptocurrencies like Ethereum, Chainlink, and XRP also saw investments, while Solana experienced outflows. MicroStrategy's stock rose 13.98% to $784.

Portfolio Pulse from Murtuza Merchant

February 26, 2024 | 5:48 pm

The cryptocurrency market saw a slight recovery over the weekend, with the market cap increasing by 1.2% to $1.98 trillion. Bitcoin traded sideways, briefly dipping below $1 trillion in valuation, while Ethereum outperformed with a 2.4% gain. Shiba Inu remained in focus due to high burn rates and whale transfers. The MAGA memecoin rallied following Donald Trump's acceptance of Bitcoin. AI-related cryptocurrencies, including Bittensor and Render, gained on positive sentiment after Nvidia's earnings and comments on AI by Ethereum's Vitalik Buterin. Spot Bitcoin ETFs saw a slowdown in flows, while Reddit's IPO and investment in Bitcoin and Ethereum marked significant developments. The Nasdaq Composite and Dow Jones also saw gains, attributed to strong earnings and economic data.

Portfolio Pulse from Khyathi Dalal

February 25, 2024 | 3:03 pm

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