While Advanced Micro Devices Inc.’s (AMD) shares have seen substantial growth in the past month due to a cryptocurrency mining boom, two analysts warn that investors could be disappointed should mining die down, MarketWatch reported June 20.
In the past month, AMD’s stock has gained around 30 percent thanks to the graphic processing units (GPUs) produced by the company, which have established themselves as effective hardware for crypto mining.
Some analysts, however, have expressed concern that the recent success of AMD’s stock may not last long if crypto mining quiets down, or if miners choose GPUs by other manufacturers.
Stacy Rasgon, an analyst from Bernstein, claims that over the course of the recent cryptocurrency boom, AMD’s GPUs have benefited miners, though the devices were originally designed for gaming.
AMD six month stock price.
ETH jumped in price by 10% within the last 24 hours, exceeding $400 per coin. The cryptocurrency is growing steadily over the past month amid upcoming updates and the explosive growth of the DeFi market.
The last month, never mind the last few days, have been rather trying for cryptocurrencies. Bitcoin, at the head of the ecosystem, has fallen substantially, but overall, it is the smaller cryptos, with lower market caps, that appear to have taken the brunt of the bearish turn.
Cornell university science professor, Emin Gun Sirer has predicted that EOS will be a victim of an enormous hack.
After a series of tweets earlier this week, Emin Gun Sirer believes that the hackers will take advantage of the vulnerability of EOS in the near future.
News This week the Bitcoin Cash (BCH) community had found that two trademark filings for the phrase ‘Bitcoin Cash’ were registered with the United States Patent and Trademark Office (USPTO) over the past year.
The price actions of Bitcoin and Ethereum have failed to break out of their bearish trends this past month – and investors are preparing for lower support levels in the near future. Positive market conditions could likely lead to an influx of first-time investors as well as veterans adding to their positions at the bottom.
Around Christmas time, investors in the majority of cryptocurrencies thought they were being spoiled and would soon be able to splash out on extravagant gifts as the value of the currencies shot up to amazing highs – but over the past few months, we have seen the market correcting itself back down to typical levels.
The markets still can’t shake off the grip of the bears. Over the past few weeks we have seen retraction after retraction, values are down and with it, so is enthusiasm. June promised to bring us salvation but now, as we enter the latter half of the month, all we see is negativity built upon negativity.
The popular privacy coin has been one of the worst performers in the past month, especially since the pullback in early May. It has been steadily dropping in BTC value since late April, and it raises the question, why? Privacy Isn’t Selling, Apparently Monero is a staple in the cryptocurrency community, where most people involved in the space have, at the very least, a modicum of respect for the project.
Factom has started to experience another turbulent month in June as prices drop further this past week. Over the…
The post Price Analysis: Factom Creates New Yearly Lows As Prices Find Short Term Support Against Bitcoin appeared first on Invest In Blockchain.
Ontology, the NEO-based high-performance blockchain / distributed trust and collaboration platform, has been churning out updates and announcements…
The post Here’s What Ontology Has Accomplished In The Past Month — And It’s A Lot appeared first on Invest In Blockchain.
This past April, news. Bitcoin. com reported on the Bitcoin futures markets offered by the two derivatives giants Cboe and CME Group and how contract volumes were steadily rising. This month, while BTC-spot prices slide to significant lows, both futures products from these two companies are still seeing increased demand for contracts.
South Korea just ruled that bitcoin is a legally recognizable asset, which is good news for investors, but not such good news for convicted criminals that had managed to hold onto their cryptocurrency in the past.
Over the past month, we’ve watched and listened as a grassroots movement to create an XRP symbol has taken shape within the XRP community. In tweets, forums and blogs, members underscored that Ripple is just one entity using XRP to solve real business problems around the world, and in this way, using Ripple’s name or … Continued
The post Growing Support for an XRP Symbol appeared first on Ripple.
Peter Brandt is bullish on Coinbase. The investing savant shared his opinion on X that Coinbase shares have nowhere to go but up. Brandt identified an inverted head and shoulders pattern on the Coinbase stock chart, a significant indicator in…
The world’s largest Bitcoin mining company is set to geographically diversify business, leading to a gradual decrease in production costs. Shares of Bitcoin (BTC) mining company Marathon Digital (MARA) rallied 11.
Fejiro Hanu also revealed that the shares will be managed by a Nigerian Securities and Exchange Commission-licensed trusted third party to ensure complete transparency.
The SEC has accepted Valkyrie’s spot Bitcoin ETF filing for review. The fund would trade under “BRRR,” a reference to a popular meme in the Bitcoin community.
The surge in the crypto exchange’s share price was driven largely by investors who saw the decision as a representing a rejection of the SEC’s argument in the lawsuit it filed against Coinbase in June, the report said.
