ETF Edge on the rise of preferred stocks
[The stream is slated to start at 1:10 PM ET. Please refresh the page if …
Read More
Jim Cramer Says 'Buy Fear, Not Sell It,' Crypto Community Reacts
U.Today - Financial commentator and Mad Money host Jim Cramer has published a tweet about the U.S. government shutdown that is more than likely to happen this Saturday. It is...
Read More
Bitcoin (BTC) Hourly Death Cross Emerges: Details
U.Today - Bitcoin (BTC) is facing a bearish short-term indication, with a "death cross" appearing on its hourly chart. Bitcoin's 50-hour moving average has markedly fallen below...
Read More
Michael Saylor Issues Bitcoin Statement Amid Ongoing Crypto Market Turmoil
U.Today - Michael Saylor, Chairman of MicroStrategy business intelligence firm, dropped his usual post on X. The message reflects Saylor’s bullish disposition to Bitcoin...
Read More
Bitcoin Price Levels to Watch as Cryptocurrency Falls Monday After Strong Month
Key Takeaways Bitcoin was down Monday, giving back some of the gains posted during what …
Read More
Expert Trader Predicts When Bitcoin (BTC) Bulls 'Will Try to Make a Stand'
U.Today - Popular crypto trader known online by the nickname DonAlt shared an updated outlook on the price of Bitcoin (BTC). The price of the major cryptocurrency has lost over 14%...
Read More
Mystery 666 BTC Transfer Leads to Half Billion Bitcoin Puzzle
U.Today - While the crypto market continues to wipe out deposits on a large scale and liquidate overly greedy and late traders, large-scale cryptocurrency transfers involving...
Read More
DOGE Founder Reacts to Bitcoin, Dogecoin and Ethereum Sell-off
U.Today - Billy Markus, founder of Dogecoin (DOGE) known on social media as Shibetoshi Nakamoto, dropped a cryptic post on X. The post reflects his reaction to the rapid decline...
Read More
Bitcoin Comeback? Ex-Binance CEO CZ Teases New All-Time High
U.Today - Looking at the current situation on the cryptocurrency market, one can wonder how everything was "blooming and smelling" three days ago. Back then, Bitcoin (BTC) was...
Read More
Homes Are Changing Hands at Historically Low Rates. Here’s Why
Key Takeaways Just 25 of every 1,000 homes in the U.S. were sold in the …
Read More
John Kerry Labels 1st Amendment ‘Major Block’ to Curbing ‘Disinformation’
The Biden administration’s “climate envoy” John Kerry took heat recently for his comments about the …
Read More
Ready to Rumble?
Rumble, founded in 2013, is a video-sharing platform that promotes free speech by offering an alternative to mainstream social media sites. It aims to create a less-censored environment for content creators, particularly appealing to conservative audiences who feel mainstream platforms may restrict certain views. After the Joe Rogan interview with President Trump, which has caused an internet storm about this very topic, let's analyse Rumble to see if it's a worthy trade. The technicals suggest a megaphone pattern, which has higher probability of breaking to the upside. We remain below weekly moving averages but the compression suggests we could get a bullish move above this resistance and attempt to break the descending wedge pattern. There is not a lot of historical data on the chart but one can deduce the short term trend is bullish but we must remain cautious due to the larger time frame downtrend. Fundamentals Analysis The company went public in September 2022. Since then, Rumble has seen fluctuating stock performance with growth tied to political events and figures like JD Vance, who are vocal about censorship issues. Its growth projections are optimistic, supported by revenue initiatives like the Rumble Ad Center and new features such as livestreaming, which are expected to drive sequential revenue growth. However, Rumble's revenue figures have sometimes fallen short of analyst expectations, indicating ongoing monetization challenges. Rumble has gained support from figures like JD Vance, who has been outspoken about censorship issues. Vance's endorsement bolsters Rumble's position as a platform for free speech, appealing to those critical of mainstream tech censorship. Vance, as a political figure central to discussions around censorship, indirectly lends credibility and visibility to Rumble, potentially encouraging other users who are seeking a less regulated platform to join. This aligns with Rumble's unique market positioning and could fuel further growth, especially in a contentious election period. Conclusion The technicals indicate a recent uptrend may continue. My only concern would be the earnings report, growth hasn’t been the best of late so it may take a little while longer for their narrative to play out. But it’s a very pertinent narrative in the current political debate. Combined with Rumble's rising user base and expanding content the platform's relevance in the current political landscape, suggesting a bullish outlook for user and revenue growth over the next few quarters. If this topic becomes a hot topic and YouTube are put under pressure, we could get some bullish momentum behind this stock. Not financial advise.
Read More
O.XYZ Launches OSOL100 AI Index – The S&P 100 of Solana’s AI Ecosystem
Lahore, Pakistan, December 20th, 2024, Chainwire O.XYZ, the leading decentralized Super AI project, announces the launch of OSOL100, a first-of-its-kind AI index token designed to...
Read More
Scammers use memecoin ‘trending’ list to lure victims — Researcher
Scammers are using a “trending” list on memecoin analytics site GMGN to lure in unsuspecting …
Read More
WhiteBIT’s Institutional Focus Drives Trading Volume to Record $2.7 Trillion in 2024
Vilnius, Lithuania, December 20th, 2024, Chainwire Europe’s leading cryptocurrency exchange, WhiteBIT, concludes the year with notable achievements. The latest estimates...
Read More