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Real Good Food (RGF) stock has plummeted to a 52-week low of $0.21, marking an 88% decline from its high of $1.82, with a market cap of just $8 million. The company faces significant challenges, including a debt-to-equity ratio of 5.02, negative earnings projections for 2024, and potential delisting from Nasdaq due to non-compliance. Despite these issues, RGF has expanded its distribution in 4,000 Walmart stores and increased its borrowing capacity to $46 million.
Pudgy Penguins’ PENGU token has plummeted over 50% shortly after its launch, dropping from a market cap of $2.8 billion to under $2 billion. Approximately half of the nearly 89 billion tokens have been distributed, with no specific use case announced yet, though governance roles are anticipated.The Pudgy Penguins NFT collection, launched in 2021, includes 8,888 unique NFTs, with a current floor price exceeding 16 Ether, or about $64,000. The project has also expanded to include Lil’ Pudgys and Pudgy Rods, while retail sales of Pudgy-branded toys have reached 1.5 million units.
NEAR Protocol leads with $6.08 million in revenue, supporting dApps and AI workloads, while OriginTrail follows with $5.55 million, enhancing data integrity for global organizations. Other notable projects include Internet Computer at $2.22 million, Render Network at $1.92 million, and The Graph at $1.35 million, all contributing to the blockchain ecosystem's growth. Akash Network and Livepeer also report revenues of $1.05 million and $0.31 million, respectively, focusing on decentralized cloud computing and video streaming solutions.
Binance has announced the listing of Pudgy Penguins’ token, $PENGU, for spot trading starting December 17 at 14:00 UTC, with trading pairs including USDT, BNB, FDUSD, and TRY. As part of its HODLer Airdrops initiative, eligible BNB holders who participated in Simple Earn will receive $PENGU tokens one hour before trading begins. The total supply of $PENGU is 88.89 billion tokens, with 70.22% available at launch and 3% allocated for the airdrop. The token operates on the Solana blockchain and is marked with a “seed” label, indicating early trading status and potential price volatility.
In 2024, the S&P 500 has seen remarkable gains, with Nvidia and Palantir leading the charge. However, Walmart, Deckers, and GoDaddy have also significantly outperformed the index, with respective year-to-date increases of 82%, 85%, and 95%. These companies are capitalizing on digital growth and strong consumer demand, positioning themselves for continued success.
Interest in Real World Asset (RWA) tokenization is surging, with Chainlink, Avalanche, VeChain, and Internet Computer Protocol leading social media mentions. Chainlink tops the list with 21,000 mentions, followed by Avalanche at 19,730, VeChain at 7,800, and ICP at 7,350. This growing engagement correlates with significant price surges for these assets, highlighting their potential in the evolving crypto landscape.
Pudgy Penguins NFTs have surged past $100,000, driven by excitement for the upcoming PENGU token launch on Solana, which is set to reward NFT holders. The collection's floor price has increased by over 20% in just 24 hours, marking a 99% rise in value over the past week, making it the second most expensive PFP project after CryptoPunks.The ecosystem is also benefiting from significant gains in companion collections like Lil’ Pudgys and Pudgy Rods, which have risen more than 90%. With strategic expansions and partnerships, including retail collaborations, the project is poised for long-term growth as community support strengthens ahead of the token's launch.
Asian shares rose Thursday, buoyed by a Wall Street rally and positive inflation updates that may lead to Federal Reserve support for the economy. The Hang Seng surged 1.7%, while Tokyo's Nikkei 225 gained 1.3%, driven by technology stocks. In the U.S., the S&P 500 climbed 0.8%, marking its first two-day gain in nearly a month, as expectations for interest rate cuts fueled market optimism.
Asian shares rose as Wall Street's rally continued, buoyed by an inflation update that suggests potential Federal Reserve support for the economy. The Hang Seng surged 1.7%, while Tokyo's Nikkei 225 gained 1.3%, driven by technology stocks. In the U.S., the S&P 500 climbed 0.8%, with Tesla jumping 5.9% and Stitch Fix soaring 44.3% after better-than-expected earnings.
Asian shares rose Thursday, buoyed by a Wall Street rally and positive inflation updates that may lead to further Federal Reserve support for the economy. The Hang Seng surged 1.7%, while the Nikkei 225 gained 1.3%, driven by technology stocks. In the U.S., the S&P 500 climbed 0.8%, marking its first two-day gain in nearly a month, as inflation ticked up slightly to 2.7% in November.
Walmart Inc.
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asian shares rise as wall street rally boosts investor confidence
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Asian shares rise as Wall Street rallies on inflation update
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Amazon.com, Inc.
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COSTCO WHOLESALE
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IND
HKG
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THA
AUS
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Stan Choe
Matt Ott
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06:36 12.12.2024
asian shares rise as wall street rally boosts investor confidence
United States Dollar
Japanese Yen
Euro
Amazon.com, Inc.
Macy's, Inc.
Walmart Inc.
Tesla, Inc.
COSTCO WHOLESALE
General Electric Co
The Kroger Co.
Stitch Fix, Inc.
IND
HKG
USA
TWN
THA
AUS
KOR
CHN
JPN
Elon Musk
Stan Choe
Matt Ott
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