Streetbeat News

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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Solana (CRYPTO: SOL) experienced an 8% surge on Monday, trading above $100. The increase is attributed to a rise in daily active addresses and meaningful applications on its network. Solana's volume exceeded $3 billion after a 75.6% rally. Daily active addresses for Solana surpassed those of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). New Solana-focused firm Anza was launched, aiming to contribute to the network's development. Kamino, a Solana-based venue, now trades NFT products. Analysts are bullish on Solana, predicting it will converge on Ethereum's success rapidly, with price targets suggesting further gains.

Portfolio Pulse from Khyathi Dalal

January 30, 2024 | 5:58 pm

Solana's (CRYPTO: SOL) price has increased by 9.69% in the last 24 hours, reaching $105.22, and has seen a 29.0% gain over the past week. The coin's all-time high is $259.96. Trading volume has risen by 8.0% over the past week, and the circulating supply has increased by 1.42% to over 435.50 million. Solana's current market cap is $45.86 billion, ranking it #5.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 3:00 pm

Anthony Scaramucci, founder of Skybridge Capital and former White House official, criticized Senator Elizabeth Warren's stance on cryptocurrency, calling her 'absolutely repulsive and hypocritical.' He labeled Warren and SEC's Gary Gensler as the 'axis of regulatory evil' for their approach to crypto regulation. Scaramucci believes Warren's perspective could harm the unbanked and those outside the U.S. who can't trust their currencies or banks. He also expressed bullish views on Bitcoin, predicting a significant price increase post the upcoming halving event. Scaramucci reported Skybridge Capital's cryptocurrency investments, including Bitcoin, Ethereum, and Solana, have seen a 130% rise.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 7:36 am

A new GameStop memecoin ($GME) on the Solana blockchain achieved a market cap of over $14 million within 24 hours of its launch. The memecoin, which pays tribute to the GameStop saga, saw a significant drop in value after its Twitter profile was banned but has since recovered to a $6.5 million market cap and was listed on Poloniex. The trend of Solana memecoins achieving high valuations quickly is noted, with examples like Dogwifhat, Myro, and Anita Max Wynn. The future of the GameStop token and its potential to rival established memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) is uncertain.

Portfolio Pulse from Ivan Crnogatić

January 29, 2024 | 8:27 pm

The Solana-based memecoin Wen (CRYPTO: WEN) reached a market cap of over $150 million within three days of trading, following an airdrop to over a million users. Wen surpassed the market cap of another Solana memecoin, Myro (CRYPTO: MYRO). A trader made $1.6 million by buying Wen early and selling a portion of it. Jupiter (CRYPTO: JUP), Solana's largest DEX aggregator, is also planning an airdrop for eligible users.

Portfolio Pulse from Khyathi Dalal

January 29, 2024 | 6:13 pm

Solana's ecosystem activity has surged, with new addresses reaching 10.13 million in January 2024. This has led to a 9% increase in Solana's price over the past week and a 300.7% gain over the past year. Analysts predict further growth, with targets of $140 and $113 if it holds above $94. Trading volumes have also increased, surpassing those of other top cryptocurrencies like Dogecoin and Shiba Inu. Unibot announced a new Solana ecosystem token, UNISOL, which will generate revenue in SOL.

Portfolio Pulse from Khyathi Dalal

January 29, 2024 | 3:37 pm

Solana (CRYPTO: SOL) has seen a 4.25% price increase over the past 24 hours to $91.73, despite a 2.0% decline over the past week from $92.6. The coin is below its all-time high of $259.96. Trading volume has decreased by 24.0% over the past week, and the circulating supply has slightly dropped to 433.26 million. Solana's market cap is currently ranked #5 at $39.68 billion.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:01 pm

Cryptocurrency analyst Bluntz predicts that Dogwifhat (CRYPTO: WIF), a Solana-based meme token and Dogecoin rival, will surge beyond $1. WIF has already experienced a 5,535% increase in value after being listed on exchanges like Binance and KuCoin. Bluntz's analysis, based on the Elliott Wave theory, suggests WIF is in the second phase of a five-phase surge. Messari CEO Ryan Selkis and BitMEX co-founder Arthur Hayes have shown interest in WIF. Meanwhile, Bitcoin (CRYPTO: BTC) saw a slight decrease in price.

Portfolio Pulse from Mehab Qureshi

January 26, 2024 | 10:00 am

Altcoins have experienced a price drop following the approval of a spot Bitcoin ETF, with analysts viewing the correction as a buying opportunity. The altcoin market cap surged 68.9% since the filing of BlackRock's iShares Bitcoin Trust (IBIT), but Ethereum (ETH) underperformed by -17%. Bitcoin's market cap dominance increased post-FTX collapse, while altcoins' market share decreased. Top altcoins include Ethereum, Binance Coin (BNB), XRP, Dogecoin (DOGE), Cardano (ADA), and Solana (SOL). Analysts predict a potential surge for altcoins after a final high and full reversal to new lows.

Portfolio Pulse from Khyathi Dalal

January 25, 2024 | 10:22 pm

Solana (CRYPTO: SOL) introduced token extensions to its Solana Program Library (SPL) token standard, aiming to provide solutions for businesses with a focus on security, compliance, and ease of use. The extensions offer features beneficial for stablecoins, RWAs, and payments. Early adopters include Paxos and GMO-Z.com Trust Company Inc. Analysts and investors are bullish on SOL, with predictions of a rally to $125-$150. Solana has outperformed Bitcoin in the past two months, with a 50.9% gain.

Portfolio Pulse from Khyathi Dalal

January 25, 2024 | 6:29 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.