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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 Solana-based memecoin, has seen a 23.2% increase in the past 24 hours, ranking it 5th by market capitalization among memecoins. This surge is attributed to Bitcoin's rise above $52,000. WIF's market cap has reached $461.6 million, surpassing other popular memecoins like Floki and Memecoin. Solana memecoins now represent $1.4 billion of the total $22.8 billion memecoin market cap. Despite lacking real-world utility, these coins attract traders for speculative gains. Joe Ayoub, a crypto expert, referred to WIF as the 'Doge of this cycle.'

Portfolio Pulse from Khyathi Dalal

February 14, 2024 | 7:40 pm

Solana (CRYPTO: SOL) has seen a 3.0% increase in price over the last 24 hours, reaching $109.9, with a 19.0% increase over the past week from $94.23. The coin's all-time high is $259.96. Trading volume for Solana has surged 93.0% over the past week, and its circulating supply has risen by 0.18% to 437.31 million, placing its market cap ranking at #5 with $48.16 billion.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 3:01 pm

A new Dogecoin doppelganger on the Solana network experienced a 9400% increase in value in a single day, with a market cap of $160,690. This surge comes amid Solana's 71.9% increase in December, positioning it as a potential Ethereum killer. The Solana Mobile's announcement of the 'Two' phone for 2025, expected to offer special airdrops and access to Solana-based apps, has also contributed to the network's allure. However, the new Dogecoin's low liquidity of $24,600 suggests potential volatility and challenges for investors.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 7:53 am

Raoul Pal predicts Bitcoin could reach $250,000, Ethereum could hit $15,000-$20,000, and Solana could rise to $750-$1,000 in the next 18 months due to currency debasement and the transformative potential of digital assets. He discussed these views with Anthony Scaramucci, highlighting the importance of cryptocurrencies in preserving wealth amidst global financial system issues.

Portfolio Pulse from Murtuza Merchant

February 12, 2024 | 5:49 pm

Dogwifhat (CRYPTO: WIF), a meme coin on the Solana blockchain, has seen a 50% increase in value over three days, outperforming other top meme cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). The coin's trading volume expanded by 72%, indicating growing trader interest. Bitfinex announced the listing of WIF, further boosting its visibility. Solana (CRYPTO: SOL) also experienced a 6.4% increase, contributing to the positive sentiment around WIF. Analysts and social media users are predicting further gains for WIF, drawing parallels with other successful meme coins.

Portfolio Pulse from Khyathi Dalal

February 09, 2024 | 9:59 pm

Bitcoin has surged past $47,000, a 16% increase since Jim Cramer's skeptical tweet on Jan. 22. The rise defies Cramer's prediction and has been accompanied by a shift in market sentiment from neutral to greed. Technical indicators and analysts suggest further gains, especially with the upcoming halving event. Other cryptocurrencies like Ethereum and Solana have also seen increases in value. The broader market rally, including a historic S&P 500 high, adds to the bullish sentiment in digital assets.

Portfolio Pulse from Khyathi Dalal

February 09, 2024 | 3:18 pm

Solana (SOL) experienced a 5% increase despite a recent outage, with improving sentiment and rising trading volume indicating bullish sentiment among traders. The outage was quickly resolved, showcasing the community's trust in the network. Significant weekly inflows of $13.4 million into Solana, as reported by Coinshares, further highlight its growing investor interest. Matthew Dixon of EVAI Crypto Ratings predicts a positive outlook for Solana, expecting it to rally higher.

Portfolio Pulse from Khyathi Dalal

February 08, 2024 | 9:51 pm

Cryptocurrency analyst Moustache predicts a 70% upside for altcoins based on the Gaussian channel turning green, a signal historically indicating positive momentum. Altcoins have also broken out of a two-year Falling Wedge, entering a bullish consolidation phase. Despite Bitcoin ETF's lackluster impact, altcoins like Solana (SOL) and Chainlink (LINK) are gaining attention, with predictions of a Q1 Altcoin Hype Cycle and a potential market cap continuation towards $2.2T.

Portfolio Pulse from Khyathi Dalal

February 06, 2024 | 10:07 pm

The GameStop-inspired meme coin (GME) surged 150% in two days, with trading volumes hitting $14.4 million. This rally is attributed to a report predicting GameStop's positive Q4 2023 earnings and early profitability. Meanwhile, GameStop's stock (NYSE:GME) increased by 3.7%. Other meme coins on Solana, such as Dogwifhat and Bonk, experienced declines. The surge in GME coin's value has sparked discussions in the crypto community, with significant attention from crypto whales and speculation about its future potential.

Portfolio Pulse from Khyathi Dalal

February 06, 2024 | 9:29 pm

Solana (CRYPTO: SOL) experienced a five-hour outage due to a bug in the v1.17.20 update, causing its native token, SOL, to drop from around $96 to below $94. The outage, which is not the first for the blockchain, underlines ongoing stability issues. Engineers have since resolved the problem, and the network is operational again. A detailed investigation into the root cause is underway.

Portfolio Pulse from Murtuza Merchant

February 06, 2024 | 4:15 pm

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