Bitcoin briefly dipped below $100,000 but quickly rebounded, with analysts like CryptoCon predicting a continued upward trend. Following a recent surge to $109,000, the next target is approximately $162,000 by February 2025, with potential for even higher milestones around $254,100. Corrections are seen as minor in the context of a strong bull market.
Prothena's stock surged nearly 40% after promising results from a midstage study of its Parkinson's treatment, prasinezumab, partnered with Roche. Although the drug missed its primary goal, it showed a delay in motor worsening, particularly in patients using levodopa, suggesting potential for future trials. Analysts estimate Prothena could earn up to $275 million in royalties, despite concerns about the drug's modest efficacy and administration challenges.
Solana (SOL) has shown resilience in the crypto market, recently trading around $217 after reaching an all-time high of $263 in November 2024. Analysts suggest it could rally towards $300 if it breaks resistance levels near $230, supported by strong developer activity and real-world integrations.In contrast, IntelMarkets (INTL) is emerging as a promising AI-driven platform in decentralized finance, attracting significant investor interest with its innovative trading strategies and low entry price. With a presale raising over $5 million, INTL is positioned for substantial growth, potentially outperforming established players like Solana.
UBS has initiated coverage of Palantir Technologies with a Neutral rating and an $80 price target, citing strong fundamentals but challenging valuation at 49x revenue and 124x free cash flow for 2025 estimates. While the company is well-positioned for AI-driven growth, analysts prefer to wait for a better entry point due to the steep valuation, despite projecting revenue growth of 28% in 2025. Palantir's impressive performance has attracted significant investor interest, with shares up 333% year-to-date.
A trader transformed a $3,800 investment in Shiba Inu (SHIB) into over $6 million by selling 250 billion tokens, retaining 2.15 trillion tokens valued at approximately $52 million. Another trader achieved a 628x return on a $2,500 investment, potentially earning $1.58 million. Meme coins like SHIB have enabled significant profits, but they also carry high risks due to their reliance on trends and lack of intrinsic value. Investors are advised to only invest what they can afford to lose and conduct thorough research.
Coinbase Advanced experienced a remarkable 191% increase in trading volumes and a 77% rise in users in 2024, driven by a surge in derivatives trading, which soared approximately 10,950%. Spot trading also grew by 47%, fueled by bullish sentiment following President-elect Donald Trump's election and new token listings, including various memecoins. Coinbase's stock surpassed $300 for the first time since 2021, reflecting the platform's robust performance in the evolving cryptocurrency market.
UBS analysts have identified top stocks in the "enabling technology" sector, which is part of their global equity focus list. This sector is recognized for its significant role in driving innovation and societal progress, particularly through mobile technology in emerging markets.
UBS analysts have identified top stocks in the "enabling technology" sector, highlighting their significance as indicators of innovation and societal progress. This selection emphasizes the critical role of mobile technology in supporting emerging markets and driving advancements.
December 2024 is poised to be a pivotal month for cryptocurrency, with Qubetics ($TICS) leading the charge after raising over $7.2 million in presale. Solana (SOL) has captured 20% of Ethereum’s market cap, showcasing its speed and low costs, while Fantom (FTM) introduces the Sonic Protocol, processing 10,000 transactions per second and enhancing Ethereum compatibility. These developments highlight the growing potential and innovation within the crypto space.
Franklin Templeton has filed for a dual crypto index ETF to track Bitcoin and Ether, coinciding with Bitcoin's stabilization at the critical $100K support level. Analysts predict that the SEC may approve this ETF alongside similar proposals from Bitwise and Hashdex in 2025, bolstered by recent regulatory appointments and a favorable market outlook. The proposed fund will focus solely on Bitcoin, Ether, cash, and cash equivalents, aiming to replicate the CF Institutional Digital Asset Index without engaging in staking or income-generating activities.

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