UBS has lowered its price target for VAT Group AG to CHF350 from CHF370, maintaining a Neutral stance due to a lack of near-term recovery in semiconductor capital expenditures. The firm notes flat or declining memory chip prices and anticipates no significant profit improvement in H1 2025, with a potential market recovery not expected before summer 2025. This cautious outlook reflects broader challenges in the semiconductor industry, impacting VAT Group's financial performance.
UBS has maintained a Buy rating on De Grey Mining (DEG:AU) with a price target of AUD2.20, citing promising early-stage results from the Hemi Gold project that indicate potential underground mining and production rates of 200-250 kozpa. The findings suggest opportunities for expanding production and extending the mine's life, although the exploration phase to integrate these results with the existing Detailed Feasibility Study will take several years. UBS also notes that the current share price leaves room for competitive bids, potentially including partial cash offers.
UBS has maintained a Buy rating on De Grey Mining (DEG:AU) with a price target of AUD2.20, citing promising early-stage results from the Hemi Gold project that indicate potential underground mining and production rates of 200-250 kozpa. The findings suggest opportunities for expanding production and extending the mine's life, although the exploration phase to integrate these results with the existing Detailed Feasibility Study will take several years. UBS also notes that the current share price leaves room for competitive bids, potentially including partial cash offers.
Crypto analyst Dima James suggests that Dogecoin could rally to as high as $80 in the current market cycle, with a peak expected between February 11th and May 7th, 2025. He notes that year 4 has historically been significant for DOGE, predicting a strong performance due to increased adoption and technological advancements.Meanwhile, Trader Tardigrade indicates that Dogecoin may have found a local bottom, with signs of a potential bullish reversal as it trades around $0.33, up over 12% in the last 24 hours.
Dogecoin (DOGE) has experienced a decline, dropping to $0.26 after peaking at $0.48, but has recently risen above $0.30. The cryptocurrency is currently trading below moving average lines, indicating a bearish trend, with key resistance at $0.43 and support at $0.26. A break above the moving averages could signal a potential uptrend, while failure to maintain support may lead to further declines.
Wall Street will have a half-day session on December 24, closing early at 1 p.m. (EST) ahead of Christmas, when the NYSE and Nasdaq will be closed. Motilal Oswal recommends an overweight strategy on banks and IT, with Zomato and ICICI Bank as top picks, while the market cap of the top 10 companies has shrunk by ₹4.95 lakh crore, heavily impacting TCS and Reliance. Zomato's stock has surged over 43% in six months, outperforming the Sensex, and is expected to remain in focus as market triggers like F&O expiry and global cues influence trends this week.
Virtuals (VIRTUAL), a tokenized AI project, has surged over 20,000% year-to-date and is experiencing significant whale activity, according to Santiment. Despite recent market corrections, high-net-worth investors are accumulating VIRTUAL and other altcoins like Usual (USUAL), Gnosis (GNO), Aave (AAVE), and Floki (FLOKI). Bitcoin's drop below $100,000 has sparked a "buy the dip" mentality, with discussions around this strategy reaching an eight-month high.
Hyperliquid is rapidly emerging as a leader in the decentralized exchange space, capturing over 50% of the decentralized futures trading market. Its unique Layer 1 blockchain, powered by the HyperBFT consensus algorithm, enables high-speed trading with up to 200,000 transactions per second. Analysts predict significant growth potential, with price forecasts ranging from $41.93 to $651.48, driven by its innovative technology and favorable market conditions.
The Australian Securities and Investments Commission (ASIC) has initiated legal action against Binance Australia for alleged violations of counter-terrorism financing and anti-money laundering laws, marking a pivotal moment in cryptocurrency regulation. This case could lead to significant penalties for Binance, impacting its operations and investor confidence both locally and internationally. As regulators worldwide observe, the outcome may set a precedent for stricter compliance measures across the cryptocurrency industry, emphasizing the need for robust frameworks to protect investors and ensure market integrity.
SUI is experiencing a strong bullish comeback, approaching the critical $4.98 resistance level, which, if breached, could trigger significant upward momentum and new price highs. The token has risen above the 100-day Simple Moving Average, indicating a shift in market sentiment, while the Relative Strength Index shows strong buying pressure. However, failure to break this resistance may lead to consolidation or a pullback, suggesting potential seller control.
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