The Daily Breakdown digs into another round of Crypto Corner, going over Dogecoin, Solana, and USDC — with a closer look at SOL’s chart.
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What’s Happening?
We’re continuing our talk about the ins and outs of the crypto market, helping investors to get more familiar with the 100+ cryptoassets offered by eToro. Many of these names may be familiar to investors today, where we’ll discuss Dogecoin, Solana, and USDC.
DOGE: Currently trading near $0.245 with a market cap of roughly $37 billion.
Dogecoin launched in 2013 as a light-hearted, peer-to-peer payment system, originally forked from Bitcoin. It has no supply cap and is mined via Proof-of-Work. Though its founders stepped away years ago, Dogecoin remains popular for tipping online and community-driven causes — like the 2014 Jamaican Olympic bobsled team fundraiser. Dogecoin is decentralized and has an open-source protocol that utilizes consensus for transaction validation.
Solana: Currently trading near $225 with a market cap of roughly $122 billion.
Launched in 2020, Solana was designed to support scalable, user-friendly decentralized applications. It’s a high-performance, permissionless Layer 1 blockchain that uses Proof-of-History and Proof-of-Stake to achieve speeds of over 65,000 transactions per second. The SOL token is used for transaction fees, staking, and interacting with on-chain programs.
Solana supports a wide range of applications — including DeFi, NFTs, gaming, and Web3 platforms — and has seen rapid ecosystem growth from both retail and institutional adoption.
USDC: Currently trading near $1 with a market cap of roughly $72.3 billion.
USDC is a fiat-backed stablecoin created by Circle and Coinbase through the Centre Consortium. USDC is designed to maintain a stable value, with 1 USDC being backed with 1 US dollar on the bank of the issuer. Its primary strength lies in its transparency and regulatory compliance.
USDC’s technology enables it to function as a “digital dollar,” leveraging the speed and security of blockchain for global transactions. It is available on multiple blockchains and this multi-chain presence allows users to move funds quickly and at low cost — bypassing traditional banking hours and international transfer fees.
Check out these three crypto offerings — and many more — on eToro’s Discover page and consider adding them to your watchlist.
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The Setup — Solana
We looked at the technical setup for Doge earlier this week, so let’s take a closer look at the charts for Solana.
Solana rallied up toward the $250 area in late 2021 before a precipitous decline sent it tumbling lower. After another strong rally, support formed in the $120 to $140 region throughout 2024 and 2025, and now SOL is pushing higher once again. While the $250 area remains resistance, bulls are hoping that narrative changes — if Solana can get back to this zone.
What Wall Street’s Watching
On the back of Oracle’s massive post-earnings rally, Broadcom also jumped higher on the day, climbing almost 10% in Wednesday’s session and sending shares to record highs. If that sounds familiar, it’s because shares rallied 9.4% to new highs on Friday on its earnings reaction. Now trading with a market cap near $1.75 trillion, dig into the company’s fundamentals.
Shares of Opendoor Technologies soared in after-hours trading after the company announced Kaz Nejatian — who recently served as the COO for Shopify — as its new CEO, and said co-founder Keith Rabois will return to the board. OPEN stock has been an active lately, with the 20-day average trading volume soaring to 382 million shares as of Wednesday’s close.
Chewy stock tumbled on Wednesday, falling more than 16% on the day. That’s despite the firm delivering a top- and bottom-line beat and raising its full-year revenue outlook above analysts’ expectations. Check out the chart for CHWY.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.