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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 a 3.24% price increase in the last 24 hours, contrasting with a 12% loss over the past week. Trading volume decreased by 24% while circulating supply increased slightly. Solana's market cap is ranked #5 at $65.41 billion.

Portfolio Pulse from Benzinga Insights

October 04, 2024 | 3:01 pm

Cryptocurrency markets, including Bitcoin and Ethereum, are experiencing declines amid geopolitical tensions. Notable developments include Franklin Templeton seeking SEC approval for a Bitcoin and Ethereum ETF, and Visa's partnership with BBVA for blockchain tokens. Analyst Ali Martinez highlights a key Bitcoin level for potential rebound.

Portfolio Pulse from Khyathi Dalal

October 03, 2024 | 7:08 pm

The ongoing Iran-Israel conflict has led to a drop in cryptocurrency market caps, with Bitcoin experiencing a 6% decline. However, historical patterns suggest a potential rebound. Santiment highlights the shift from FOMO to FUD among traders, and the CoinMarketCap Crypto Fear and Greed Index has entered the fear zone. Previous geopolitical conflicts have shown similar initial drops followed by recoveries in Bitcoin's price.

Portfolio Pulse from Khyathi Dalal

October 03, 2024 | 2:28 pm

Edward Snowden's claims about Solana's centralization have been challenged by Mert Mumtaz, CEO of Solana-based Helius. Mumtaz argues that Solana's network is decentralized and invites Snowden to a debate. The discussion has sparked interest in Solana's potential and its native token SOL.

Portfolio Pulse from Aniket Verma

October 03, 2024 | 3:39 am

Cryptocurrency markets, including Bitcoin, Ethereum, and Dogecoin, are experiencing a downward trend amid geopolitical uncertainties. Notable statistics show a decrease in large transaction volumes and a rise in daily active addresses. The crypto Fear and Greed Index is in the fear zone, and significant liquidations have occurred. Analysts are watching key support levels for Bitcoin, with potential for a rebound.

Portfolio Pulse from Khyathi Dalal

October 02, 2024 | 7:46 pm

Elon Musk's playful engagement with Dogecoin continues as he revives his promise to eat a McDonald's Happy Meal if the fast-food chain adopts Dogecoin. Meanwhile, Musk is being considered for a potential government role in a proposed 'Department of Government Efficiency,' humorously dubbed 'DOGE.' This has led to a surge in Dogecoin's price and trading volume.

Portfolio Pulse from Murtuza Merchant

October 02, 2024 | 6:26 pm

Cryptocurrency markets, including Bitcoin, Ethereum, and Dogecoin, are experiencing declines amid Middle East tensions. Despite this, traders see potential for a bullish trend, with increased large transactions and active addresses. Notable developments include Ripple's Dubai approval and Robinhood's crypto transfers in Europe.

Portfolio Pulse from Khyathi Dalal

October 01, 2024 | 7:23 pm

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