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Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of Finance at Birmingham Business School (BBS).This is the third installment of the Coin Professor column, which provides Decrypt readers with important insights from the published academic literature on cryptocurrencies. This week, we’ll take a closer look at how cryptocurrencies are priced.One of the most important questions in any market is, “What factors drive the expected return on an asset?” This age-old question has been studied thousands of times by academics, investment banks, traders, and stock market hedge funds.One of the most popular research results, which helped Eugene…
Dogecoin (DOGE) is expected to hit a new yearly high “any minute now,” according to a bullish price analyst. DOGE is currently testing key demand levels after falling 23% from its local high of $0.13. Members of the cryptocurrency community remain bullish on the asset and predict future appreciation. One analyst is particularly focused on DOGE’s current year-to-date high, saying it could be broken soon.DOGE analyst Mr. Crypto shared his bullish outlook and said Dogecoin could start its next rally “at any time.” Mr. Crypto’s technical analysis highlights a major support level, suggesting that the current price could rise sharply.Dogecoin…
Suzanne Cordeiro / Shutterstock / Suzanne Cordeiro / ShutterstockCryptocurrency is still a relatively new concept and has not been fully adopted by the majority of society. Whether you embrace the idea of decentralized currencies or not, there’s one infamous cryptocurrency that you’ve probably heard of. It’s Dogecoin.Read more: 5 alternative investments recommended by experts: How they work and when to investTry This: 6 Subtle Genius Moves All Wealthy People Make With Their MoneyDogecoin (DOGE) is a peer-to-peer open source cryptocurrency. It is considered an altcoin and was launched in December 2013 using the image of a Shiba Inu named Kabosu…
Benzinga and Yahoo Finance LLC may earn commissions or revenue from some items through the links below.Incumbent Vice President and Democratic candidate Kamala Harris has positioned herself as a supporter of cryptocurrencies and artificial intelligence, and the move is being discussed as a move to appeal to younger crypto-supporting voters.This is in direct contrast to President Biden’s approach, which last year included signing an executive order establishing 30 new federal regulatory standards for AI.Don’t miss:”Together, we will invest in America’s competitiveness and America’s future,” Harris said at the Cipriani Wall Street fundraiser. “We will protect consumers and investors while encouraging…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. Cardano and Ripple are struggling for direction as RCO Finance heads towards a potential 3,000% upside on a clear bullish path. Cardano (ADA) and Ripple (XRP) are struggling for clear price direction as bulls and bears pull in opposite directions. Meanwhile, RCO Finance (RCOF) has a clear bullish path to a 3,000% rally. What could be driving this potential rise? And how can crypto enthusiasts enjoy this surge? Let’s find out! Cardano experiences widespread movement despite new updates ADA…
Fundamentals over hype — that’s what Tesla (TSLA) gave investors after the EV maker’s disappointing robot taxi event exposed the disconnect between the stock’s lofty valuation and reality. That’s a lesson.A lack of details about rollout plans or regulatory approvals, and no mention of more affordable regular EVs, left Wall Street hoping for more.CFRA’s Garrett Nelson likened the event to “watching a movie with lots of plot twists and special effects, and by the end you walk away scratching your head.”It’s safe to say that analysts scratching their heads was probably not the reaction Musk was hoping for when he…
Cover image (via U.Today) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. According to CoinMarketCap, some coins returned to the red zone over the weekend.Top coins by CoinMarketCapXRP/USDThe XRP rate…
Investors are selling Dogecoin (DOGE) and Shiba Inu (SHIB) dog tokens as the memecoin rally subsides. Investors are now focused on growth and stability, and undervalued gambling gems are catching their attention. Crypto Casino Roll Block (RBLK) is rapidly gaining market share in the online gambling industry and is expected to soar at least 100x by the end of 2024. Dogecoin’s memecoin crown under threat Dogecoin has managed to maintain some of its gains heading into 2024, but the movement in recent months has been nothing short of underwhelming. Dogecoin’s price continues to decline every time it rises more violently…
FTX Real Estate will distribute billions of dollars, but the price impact will be smaller than some investors…(+) ExpectationsNurPhoto (from Getty Images) As the FTX saga and long shadow continue to dominate the cryptocurrency discussion, the recent news that the long-awaited bankruptcy distribution has been approved has understandably become a headline-generating event. Nearly two years after the exchange implosion, one year since Samuel Bankman Fried’s criminal indictment and conviction, and the release of $14 billion to $16 billion from his bankruptcy estate, market analysts are The stock price target has been revised upward. With reports that 98% of FTX creditors…
Good times are still on Wall Street. That momentum will be put to the test during the intensifying fiscal year-end season. The S&P 500 index closed at a record high Friday, buoyed by strong quarterly results from the club that owns Wells Fargo & Co. and other major financial firms, reinforcing views on the health of the U.S. economy. The index rose 1.1%, marking its fifth consecutive week of positive growth. Meanwhile, the Dow Jones Industrial Average rose 1.2% for the week and closed at a record high Friday. The tech-heavy Nasdaq Composite Index rose 1.1% and is now just…