Streetbeat News

SOLUSD

Solana / US Dollar

https://solana.com/

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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Cryptocurrency markets are trading flat with Bitcoin and Dogecoin in the green, while Ethereum is down. Notable developments include increased large transaction volumes and Bitcoin ETFs seeing inflows. Analysts predict potential market movements for Bitcoin.

Portfolio Pulse from Khyathi Dalal

September 24, 2024 | 7:15 pm

Cat-themed cryptocurrency MEW defied the broader memecoin stagnation, gaining over 10% in 24 hours and increasing weekly gains to 34%. This contrasts with Dogecoin and Shiba Inu's losses. MEW's popularity surged due to social media engagement and listings on Revolut and Upbit.

Portfolio Pulse from Aniket Verma

September 24, 2024 | 4:45 am

Cryptocurrency markets are holding steady with Bitcoin and Dogecoin flat, while Ethereum sees gains. Bitcoin's price is near a key resistance level, and traders are watching for potential breakouts. Ethereum outperforms Bitcoin following a U.S. Federal Reserve rate cut.

Portfolio Pulse from Khyathi Dalal

September 23, 2024 | 7:44 pm

Kamala Harris' first public mention of cryptocurrencies on her campaign trail has sparked excitement among crypto enthusiasts. At a Wall Street fundraising event, she expressed support for emerging technologies like digital assets, leading to mixed reactions from industry observers. Bitcoin's price saw a temporary rally following her remarks.

Portfolio Pulse from Aniket Verma

September 23, 2024 | 9:44 am

Arthur Hayes, co-founder of BitMEX, expressed interest in Iggy Azalea's memecoin MOTHER due to favorable macroeconomic conditions. Bitcoin remained stable as the Japanese Yen weakened, prompting Hayes to consider trading meme coins. The MOTHER token, based on Solana, has grown significantly since its launch.

Portfolio Pulse from Aniket Verma

September 23, 2024 | 6:19 am

Anthony Scaramucci, CEO of SkyBridge Capital, has revealed a significant investment in Solana, predicting its major role in the tokenization revolution. He emphasized the potential of blockchain to reduce transaction verification costs, currently at $7 trillion annually. Solana is seen as a strong competitor to Ethereum, with advantages in transaction speed and cost.

Portfolio Pulse from Aniket Verma

September 23, 2024 | 4:31 am

Cryptocurrency markets are trading sideways with Ethereum outperforming Bitcoin. Bitcoin's price is below $63,000, and traders are watching for potential test zones. Ethereum's performance is strong, with a 3% gain. Bitcoin's RSI has broken out of its downtrend, and its dominance is falling, aligning with historical trends.

Portfolio Pulse from Khyathi Dalal

September 20, 2024 | 7:38 pm

Solana-based memecoins, including Dogwifhat and Bonk, saw significant gains, outperforming Ethereum-based Dogecoin and Shiba Inu, following the Federal Reserve's rate cut. Solana's native token SOL also rose by 3.60%.

Portfolio Pulse from Aniket Verma

September 20, 2024 | 4:50 am

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