As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period. NFT Sales Surge Past $412 Million in […]
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On Saturday, March 2, the valuation of bitcoin cash witnessed a significant increase, climbing over 40% within a 24-hour span to reach a peak of $451 each. This upward trend is attributed to the anticipated halving event, set to happen in 16 days, and the forthcoming 2024 upgrade, which is expected to implement an adaptive […]
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Putting your money to work on Wall Street hasn’t been for the faint of heart since this decade began. Since the start of 2020, all three major stock indexes have traded off bear and bull markets in successive years, with the growth-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) taking the brunt of the volatility. After losing 33% of its value during the 2022 bear market, the widely followed Nasdaq has surged 54% since the curtain opened on 2023 (as of the closing bell on Feb. 29).
More importantly, this week represented a milestone for the Nasdaq: It officially joined the Dow Jones Industrial Average and S&P 500 in fully putting the 2022 bear market in the rearview mirror. In other words, the Nasdaq Composite climbed to a fresh all-time closing high and decisively declared itself to be in a bull market.
Yet in spite of this record close, amazing deals can still be found — especially when it comes to growth stocks.
What follows are four thrilling growth stocks you’ll regret not buying in the new Nasdaq bull market.
The first exceptional growth stock you’ll be kicking yourself for not scooping up while the Nasdaq Composite is still relatively early in the latest bull market cycle is payment processing titan Mastercard (NYSE: MA).
Interestingly enough, Mastercard’s biggest headwind also tends to be its most prominent catalyst. Financial stocks like Mastercard are cyclical. This is to say, they ebb and flow with the health of the U.S. economy. The thing is, periods of growth last substantially longer than recessions.
Whereas three-quarters of the 12 recessions since the end of World War II resolved in under a year, a majority of expansions have endured multiple years. Buying Mastercard stock and simply being patient will allow investors to take advantage of the natural expansion of the U.S. economy and consumer/enterprise spending over time.
Speaking of expansion, Mastercard is looking at the potential for sustained double-digit earnings growth for as far as the eye can see. It’s established itself as the clear No. 2 payment processor by credit card network purchase volume in the U.S. (the largest market for consumption globally), and shouldn’t have any trouble expanding organically or acquisitively into underbanked regions of the world, including Southeastern Asia, Africa, and the Middle East.
As I’ve pointed out, Mastercard’s sole focus on payment facilitation is another competitive edge. Although I have little doubt it would be successful as a lender, becoming one would expose the company to credit delinquencies and loan losses. Sticking with payment processing means not having to set aside capital for loan losses, which is a big reason why the company’s profit margin has stayed above 40%.
The valuation makes sense as well. While some investors might be scared off by a forward price-to-earnings ratio of 33, the company’s outsized earnings growth results in a price-to-earnings-growth ratio (PEG ratio) of less than 1.6. That means there’s plenty of upside left in Mastercard for patient, growth-seeking investors.
A second thrilling growth stock you’ll regret not purchasing in the young Nasdaq bull market is fast-growing adtech company PubMatic (NASDAQ: PUBM). Despite shares of PubMatic soaring this past week, abundant upside still remains for investors with a long-term mindset.
Similar to Mastercard, the biggest challenge facing PubMatic is the health of the U.S. economy. PubMatic operates a cloud-based programmatic ad platform that helps publishing companies sell their digital display space. It relies on the willingness of advertisers to spend to drive its business, which ultimately means that it needs the U.S. economy to grow.
But, as noted, periods of growth stick around considerably longer than economic contractions. Historically, this has given ad-driven businesses exceptional long-term pricing power.
What’s even more important than a broad-based macro tailwind is that PubMatic is perfectly positioned to capitalize on the digitization of ads in video, mobile, and connected TV. These three channels represent sustained double-digit growth opportunities through at least the midpoint of the decade, if not well beyond. CEO Rajeev Goel noted in the company’s fourth-quarter operating results, “We believe we are at the early stages of a period of significant multiyear revenue growth and market share expansion.”
The true turning point for PubMatic was the decision to build out its own cloud-based infrastructure, rather than relying on a third-party platform. As the company’s sales have scaled, it’s been able to hang on to more of its revenue. In short, it’s a recipe for higher margins over time.
With its cash flow liable to soar in the coming years and the company’s board recently approving a $100 million share repurchase program, all signs point to healthy upside to come for PubMatic.
The third eye-catching growth stock you’ll regret not adding to your portfolio with the Nasdaq finally pushing to a new all-time high is biotech stock Exelixis (NASDAQ: EXEL). Though Exelixis has a concentrated drug portfolio that’s heavily reliant on sales from Cabometyx, there are numerous catalysts working in the company’s favor.
The most exciting development for Exelixis is potential label expansion opportunities for Cabometyx. Already approved to treat first- and-second-line renal cell carcinoma and advanced hepatocellular carcinoma, positive late-stage trials involving cabozantinib (the scientific name for Cabometyx) for patients with advanced pancreatic and extra-pancreatic neuroendocrine tumors, as well as patients with metastatic castration-resistant prostate cancer (in combination with Roche‘s Tecentriq), offer plenty of hope for expanded revenue streams in the years to come. Exelixis is working on dozens of clinical studies involving Cabometyx as a stand-alone or combination cancer treatment.
The abundant cash flow generated from the sale of Cabometyx has also allowed the company to reignite its internal growth engine. It’s developing and advanced a couple of novel therapies into early clinical trials, and has forged a few collaborations to develop cancer therapeutics. By the latter half of the decade, Exelixis should see a well-diversified drug portfolio.
Investors needing another reason to pounce on Exelixis’ stock need look no further than its exorbitant cash position. It closed out 2023 with $1.72 billion in cash, cash equivalents, and investments, which represents more than enough capital to fuel internal innovation, collaborations, and possibly even acquisitions.
The final piece of the puzzle with Exelixis is its inexpensive valuation. Between 2023 and 2027, Wall Street’s consensus expects Exelixis to nearly quadruple its earnings per share. A multiple of just 15 times forward-year earnings is a bargain for this drug developer.
The fourth thrilling growth stock you’ll regret not buying in the new Nasdaq bull market is none other than e-commerce behemoth Amazon (NASDAQ: AMZN). Despite a few money-based metrics and predictive indicators suggesting the U.S. could fall into a recession, Amazon looks perfectly positioned to thrive in the years to come.
Most investors are familiar with Amazon because of its world-leading online marketplace. If the U.S. were to dip into a recession, e-commerce sales would be expected to decline.
However, Amazon generates very little of its operating income and cash flow from its low-margin online marketplace. The bulk of the company’s cash flow and income originates from its ancillary operating segments, which includes Amazon Web Services (AWS), advertising services, and subscription services. These segments have shown no signs of slowing down.
AWS is the world’s leading cloud infrastructure service platform. Enterprise cloud spending is still in its relative infancy, which bodes well for Amazon to sustain double-digit growth from this all-important, high-margin segment. Even though AWS generates only a sixth of the company’s sales, it was responsible for 67% of Amazon’s $36.9 billion in operating income last year.
Meanwhile, advertising services has sustained at least a 22% year-over-year growth rate, looking back to the September 2022-ended quarter. Amazon is attracting in excess of 2 billion monthly visitors, many of which are motivated shoppers. This affords the company exceptional pricing power from merchants who want to get their message(s) in front of users.
Subscription services is maintaining a growth rate of at least 13% on a year-over-year basis, too. Amazon surpassed 200 million global Prime subscriptions in April 2021 and has likely added to this figure. Prime is an invaluable tool that helps keep users within its ecosystem of products and services.
You might also be surprised to learn that Amazon is historically inexpensive relative to its cash flow. Opportunistic investors can grab shares right now for less than 13 times forward-year cash flow, which is well below the multiple of nearly 23 times cash flow Amazon has averaged over the trailing-five-year period.
Should you invest $1,000 in Mastercard right now?
Before you buy stock in Mastercard, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Mastercard wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
*Stock Advisor returns as of February 26, 2024
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Sean Williams has positions in Amazon, Exelixis, Mastercard, and PubMatic. The Motley Fool has positions in and recommends Amazon, Mastercard, and PubMatic. The Motley Fool recommends Exelixis and Roche Ag and recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard. The Motley Fool has a disclosure policy.
4 Thrilling Growth Stocks You’ll Regret Not Buying in the New Nasdaq Bull Market was originally published by The Motley Fool
Nvidia (NASDAQ: NVDA) stock’s stunning rally since the beginning of 2023 was primarily driven by the rapid growth of the company’s data center business, which benefited from the booming demand for its artificial intelligence (AI) graphics cards.
In the company’s recently concluded fiscal year 2024 (which ended on Jan. 28), the data center business produced a record $47.5 billion in revenue, accounting for 79% of its top line. That was a massive increase of 217% from the year-ago period.
The data center business recorded a much stronger year-over-year increase of 409% in revenue to $18.4 billion in fiscal Q4, significantly outpacing the segment’s annual growth.
This suggests Nvidia’s data center business is still gaining momentum, which also explains why the company’s outlook for the current quarter was well ahead of consensus estimates. Nvidia expects revenue of $24 billion in the first quarter of fiscal 2025, which would be a 233% increase from the year-ago period.
Given that Nvidia relies on sales of chips that are being deployed in data centers for AI training and inference purposes, it can be easily concluded that this business segment can continue to be a major catalyst for the company.
However, investors shouldn’t ignore the progress Nvidia is making in its second-largest business segment — which was originally the company’s bread and butter before AI arrived — as it has the potential to supercharge the company’s already impressive growth.
Nvidia brought major innovation to personal computers (PCs) in 1999 when it introduced what it calls the world’s first graphics processing unit (GPU), an additional processor tacked on to a PC’s motherboard for running graphics-intensive workloads such as video games.
Nvidia’s GPU technology evolved over the years, and it is now being used in multiple industries ranging from automotive to digital twins to AI. But at the same time, the company continues to be a major player in the market for discrete PC graphics cards with a share of more than 80%. The good part is that this dominance is leading to robust financial gains for Nvidia.
The company generated $10.4 billion in revenue in fiscal 2024 from the gaming segment, an increase of 15% from the prior-year period. That’s a nice recovery considering that the gaming GPU market was not in great shape a year ago on account of poor PC sales and oversupply. However, Nvidia’s 56% year-over-year increase in gaming revenue in the fourth quarter of fiscal 2024 suggests that this market gained tremendous momentum.
One of the reasons why that’s happening is because of the recovery in the PC market. Market research firm Canalys estimates that PC sales could increase by 8% in 2024 following last year’s drop of 12.4%. AI is going to play a key role in this growth. According to IDC, AI-enabled PCs capable of running generative AI applications locally could gain solid traction from 2024 with shipments of 50 million units.
IDC predicts that annual shipments of such AI-enabled PCs could climb to an impressive 167 million units in 2027. Even then, this emerging niche will have a lot of room for growth as AI PCs are expected to account for 60% of overall PC shipments in 2027. For Nvidia, the adoption of AI PCs will unlock a massive growth opportunity, and the good part is that the company has already started capitalizing on this nascent market.
In its latest earnings release, Nvidia said that it enabled generative AI capabilities for an installed base of 100 million users who are using the RTX series of graphics cards.
Moreover, the company released new RTX 40 Super series graphics cards starting at $599 in January, which come equipped with generative AI capabilities. In a presentation in October 2023, Nvidia pointed out that 47% of its installed base of discrete GPU users were using RTX graphics cards. Meanwhile, only 20% of the installed base is using a graphics card more powerful than an RTX 3060, a chip that’s now more than three years old.
So, a big chunk of Nvidia’s user base can be expected to upgrade to its new, AI-capable GPUs as generative AI adoption gains steam. At the same time, the increase in the adoption of AI-enabled PCs suggests that there is a huge addressable opportunity for Nvidia to tap into.
Annual shipments of AI-powered PCs could hit 167 million units in 2027, as per IDC. The researcher also points out that these PCs will be equipped with dedicated chips to run generative AI workloads. Nvidia’s latest RTX 40 series GPUs come with Tensor Cores to enable AI workloads. These Tensor Cores offer between 242 and 1,321 tera operations per second (TOPS) of performance.
This puts Nvidia’s RTX 40 series GPUs in the category of advanced AI chips, IDC said. It said AI PCs equipped with a dedicated chip that offers more than 60 TOPS of performance are categorized as advanced AI PCs.
Nvidia controls 80% of the AI GPU market. If the company can maintain that share in 2027, it could sell a whopping 133 million AI GPUs for PCs that year. If Nvidia can maintain an average selling price of even $400 per AI GPU, which is significantly lower than the $599 starting price for the RTX 40 Super Series, it can generate a whopping $53 billion in annual gaming revenue in 2027.
That would be more than 5 times Nvidia’s gaming revenue in the latest fiscal year, suggesting that the company could still enjoy solid growth in a market that propelled it into the limelight years ago and was its bread and butter for a long time. Throw in the potential growth the company could witness in the data center business over the next five years, and it won’t be surprising to see it sustain its red-hot stock market rally in the long run.
That’s why investors would do well to buy this semiconductor stock while it is available at an attractive 33 times forward earnings, which is almost in line with the Nasdaq-100 index’s forward earnings multiple of 31.
Should you invest $1,000 in Nvidia right now?
Before you buy stock in Nvidia, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
*Stock Advisor returns as of February 26, 2024
Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.
Nvidia Is Making a Lot of Money Selling Artificial Intelligence (AI) Chips, but You May Be Surprised About How Much It Could Make From This Traditional Market was originally published by The Motley Fool
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, says bitcoin is “becoming an alternative currency on a global basis,” noting that “The world’s going towards intangible assets and bitcoin is the most significant in cryptos.” However, the strategist warned that as bitcoin’s price approaches $70,000, a key test for the cryptocurrency may come “when the U.S. […]
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The crypto market has shown an incredible performance over the past week. Bitcoin has sustained momentum and risen above the $60,000 level, reaching $64,000.
The levels reached at the end of February have suggested to many investors that March could be an even more impressive month for the current bullish rally.
However, no prediction is set in stone, as many factors could swing investors’ sentiments and move the trends in the opposite direction. At the moment, the crypto market seems to have taken a small pause to catch its breath.
The global crypto market reached a significant milestone for this bullish run a few days ago. As reported, the total crypto market cap hit $2T on February 27, an accomplishment not seen since April 2022.
As March begins, the market cap for the crypto market sits at $2.3 trillion, representing a 17.97% surge in the 7-day timeframe. This growth has surpassed the level established in early 2022 and potentially clears the path to the $2.4 trillion mark seen in December 2021.
Nonetheless, the market rise seemingly slowed down momentarily. The current market cap of $2.31 trillion represents a modest 1.32% decrease over the last day, according to CoinMarketCap data.
Similarly, the total crypto market trading volume was around $127.9 billion at writing time, registering a significant 35.77% drop from yesterday.
Trading volume chart in the last 24 hours. Source: CoinMarketCap
The data shows that Bitcoin and Ether have faced over 40% market activity decrease compared to the trading volume registered 24 hours ago. Similarly, some of the largest memecoins showed a slowdown in performance.
As the list below shows, Dogecoin (DOGE) registered a 5.9% price drop on the last day. Likewise, Shiba Inu’s (SHIB) price decreased by 5.8% in the same timeframe.
Price performance of the top ten cryptocurrencies in the last 24 hours. Source: CoinGecko
On the contrary, Solana (SOL) performed better on the last day than the top ten cryptocurrencies, registering a 4.1% price surge. SOL’s $134 price places it alongside DOGE as the best-performing cryptocurrencies among the top ten in the last seven.
Among the largest gainers on the last day, PEPE reversed yesterday’s 12% price drop after registering a 10.9% growth during the past 24 hours. Similarly, the dog-themed memecoins dogwifhat (WIF) and (BONK) registered a price increase of 20,66% and 6.65%, respectively.
Some analysts expect a significant halving-related drop in Bitcoin’s price. Meanwhile, the King of crypto has shown strong resistance above a massive support wall, as crypto analyst Ali Martinez suggests.
Over 1 million addresses are buying over 671,000 BTC within the $60,000 and $62,000 price range. Which, according to the analyst, highlights a strong investor confidence. This confidence could be a crucial support level and a cushion against a future price drop.
#Bitcoin holds above a massive support wall, with 1 million addresses buying over 671,000 $BTC within the price range of $60,334 to $62,155.
This accumulation zone highlights strong investor confidence and could serve as a crucial level of support for #BTC, potentially… pic.twitter.com/lmghohWR1U
— Ali (@ali_charts) March 1, 2024
At writing time, the flagship cryptocurrency trades at around $62,052.71, which only accounts for a 1% decrease from the day before. BTC has increased over 21.8% in the last week, and it’s only 10.34% lower than its all-time high (ATH) of $69,000 registered in November 2021.
Likewise, it’s worth noting that Ether (ETH) has been showing a robust performance in the past few days amid the volatile crypto market. Maintaining its price range in the past 24 hours, the ‘king of altcoins’ registered only a 1.8% price decrease from yesterday. ETH currently trades at $3,411.88, representing a notable 16.2% rise in the past week.
Bitcoin performance in the 1-day chart. Source: BTCUSDT on TradingView.com
Featured image from Unsplash.com, Chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Finally, after two long years, things are picking back up in the crypto world. Since the beginning of the year, the total crypto market has grown by 35%, just 20% off from eclipsing its all-time high of $2.8 trillion in late 2021.
With such a significant jump, it’s reasonable to worry that crypto’s momentum may sputter, making an investment today too risky. However, when looking at the data, it appears crypto’s bull market has yet to hit a local peak.
In other words, while some gains may be behind us, there’s still plenty of potential in the crypto market. Let’s look at three charts showing how crypto’s best days remain ahead.
Since it makes up around half of the value in crypto, evaluating Bitcoin‘s (BTC -0.84%) current position can provide context on the market’s overall position. This is a chart of Bitcoin’s Market Value to Realized Value, better known as MVRV. Developed by analysts David Puell and Murad Muhmudov, MVRV divides Bitcoin’s market value by its realized value.
Market value is calculated by multiplying Bitcoin’s circulating supply by its current price. It is the same as the market capitalization. On the other hand, realized value is calculated by determining the price of each Bitcoin the last time it was involved in a transaction. This can provide a more granular insight into market dynamics, as it removes the generalization that every Bitcoin in circulation was purchased at the most recent price.
By dividing the two, we get the MVRV value and a better glimpse into Bitcoin’s current position. In fact, MVRV has historically proven to be a timely indicator of when the crypto market as a whole has topped or bottomed. With its current value at just 2.3, Bitcoin is far from levels of around 3.5 when bull markets tend to start losing steam.
As one of the most popular crypto platforms in the world, we can extrapolate trading data from Coinbase Global (COIN 1.38%) to better understand the state of affairs in crypto. Similar to Bitcoin’s MVRV, trading volume on Coinbase shows there is still room for the crypto market to grow.
Based on the graph, it’s abundantly clear that investors have yet to make their way back to crypto. We can see that during the last bull market of 2021, trading volume on the platform surpassed more than $548 billion in Q4 alone. As of the most recent earnings report, total trading volume sits at just $154 billion, levels last seen when crypto was in the middle of a brutal crypto winter.
Data source: The Motley Fool.
Until these numbers get closer to that of the last bull market, there’s little reason to believe crypto’s recent surge is just scratching the surface. Even then, since crypto has historically notched new all-time highs with each bull-market cycle, don’t be surprised if the total volume in this cycle outdoes previous records.
Still in its beginning stages, decentralized finance (DeFi) is one of the most prominent use cases of cryptocurrencies and blockchain technology. Composed of non-fungible tokens (NFTs), stablecoins, lending protocols, and much more, the DeFi economy is brimming with innovative applications pushing the boundaries of finance.
There are several blockchains that make up DeFi. As of today, Ethereum (ETH -0.95%) dominates the space, but dozens of others are vying for market share.
With so many blockchains contributing to the DeFi economy, tracking its value can be a meaningful proxy to measure the crypto market’s progress and position. Currently in an uptrend due to the recent resurgence, the collective value of DeFi currencies is around $85 billion today.
Yet, this is still considerably off of its all-time high hit during the last bull run that peaked in November 2021. At the time, DeFi amassed a whopping value of more than $175 billion.
In a similar vein to trading volumes, it is safe to assume that due to DeFi’s burgeoning potential, it should surpass previous records. Should this prove to be the case, then there is plenty of catching up to do before we can even begin to consider crypto’s bull market to have peaked.
RJ Fulton has positions in Bitcoin, Coinbase Global, and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, and Ethereum. The Motley Fool has a disclosure policy.
Solana (SOL) has reached a new 22-month high, demonstrating a remarkable 28% uptrend over the past month. However, the Solana-based meme coin, Bonk Inu (BONK), has captured investors’ attention with its explosive performance last month.
According to CoinGecko data, BONK has achieved a staggering 102% price uptrend in the last 7 days and an impressive 103% increase in the past month, reaching a trading price of $0.00002510 and attaining a 3-month high.
In addition, the meme coin has experienced significant growth in market capitalization, reaching $1.6 billion and surpassing renowned tokens such as Pepe Coin (PEPE) to secure the 66th position among all cryptocurrencies, highlighting the growing interest in BONK as the cryptocurrency market experiences a resurgence of bullish sentiment fueled by Bitcoin’s (BTC) price uptrend.
Accumulating data from blockchain company Lookonchain shows the growing interest in Bonk Inu. In addition to the 50% increase in a single day, one wallet reportedly accumulated 98 billion BONK ($1.54 million) from the centralized crypto exchange (CEX) Binance just before the price increase.
According to Lookonchain, the SmartMoney wallet currently holds 319.44 billion BONK tokens worth approximately $7 million, enjoying a profit of $2.9 million, which could have further contributed to the price surge in the past 24 hours.
As of the latest update, the trading volume of Bonk Inu stands at $794,842,219 in the last 24 hours, demonstrating a substantial 74.30% increase compared to the previous day. This surge in trading volume indicates a recent rise in market activity surrounding the meme coin, reflecting growing investor participation and attention.
As the token enjoys one of its best trading months since its launch, crypto analyst Altcoin Sherpa expressed positive sentiment towards Bonk Inu, highlighting its potential for further growth.
Altcoin Sherpa stated that Bonk Inu looks promising due to its relative underperformance compared to other meme coins, coupled with a notable uptrend pattern. The analyst wouldn’t be surprised to see Bonk Inu target previous highs and make further gains, although he suggested that a potential pullback may occur.
As the analyst suggests, the $0.00001940 price level may serve as a crucial support level for the BONK token in the event of a potential pullback or price correction. This level is significant as it would help maintain the current uptrend pattern observed on its daily chart.
However, suppose this support level fails to hold. In that case, it’s possible that BONK could see a further price decline towards the $0.00001500 level, which acts as the ultimate support before a potential drop to the $0.00001350 mark, key for the token’s prospects as it represents the last line of defense to prevent a fully formed downtrend in the cryptocurrency’s performance.
On the other hand, when analyzing the BONK/USD 1-W chart, it is important to note that there are no prominent resistance levels. The chart above shows thin lines known as “wicks” above the candlesticks of the token since its launch on December 15th.
This suggests that no significant obstacles prevent the token from reaching its all-time high of $0.0005487. The ability to maintain its current uptrend or potentially experience renewed bullish sentiment after a pullback will determine whether BONK can surpass this previous high.
Featured image from Shutterstock, chart from TradingView.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
When investors think of the financial markets, the first thing that likely comes to mind is the stock market.
But there is a bigger, less-flashy counterpart to the equity market: the bond market. At the heart of the fixed income space lies U.S. Treasurys, one of the safest investments in the world.
“We have not paid attention to the Treasury market because it was a market for foreigners or for the Fed,” said Priya Misra, fixed income portfolio manager at J.P. Morgan Asset Management. “Now it’s a market for all of us, and it’s giving you better yield. So it’s something which we should not ignore.”
Buyers of U.S. Treasurys have been changing, with major players including China, Japan and the Federal Reserve seeing their respective holdings decline in recent years. The shift could have broad implications for the U.S. economy.
“What we’re observing is that [the new buyers] are a lot more price sensitive,” said Anders Persson, global fixed income chief investment officer at Nuveen. “They’re just not quite as sticky.”
Watch the video above to find out more about why major buyers are fleeing the U.S. Treasury market, the impact on yields and the economy at large, and how investors can best navigate the market going forward.
The top three meme tokens — dogecoin, shiba inu, and bonk — have captured double-digit gains over the past day, rising between 23.3% to 37.5% against the U.S. dollar. Dogecoin has risen 29.9% and nears crossing the $0.13 threshold. Dogecoin, Shiba Inu, and Bonk Spark Meme Coin Frenzy With Major Gains They say every dog […]
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