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Showing posts with the label analysts

Broadcom (AVGO) Outgains Top 10 as Analysts Say Its Now 'Magnificent 8'

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The US stock market has certainly been struggling in recent weeks. However, that changed slightly Wednesday, with the Federal Reserve expected to leave rates unchanged. The day saw Broadcom (AVGO) outperform the top 10 companies by market cap, as one analyst said it was the newest member of the “Magnificent 8.” The company has emerged as one of the most talked-about stocks on the market throughout March. Indeed, the ongoing sell-off that has afflicted competitors like Nvidia (NVDA) has only strengthened its appeal to traders. Now, all eyes are on whether that downturn can help AVGO bridge the gap in the tech space. Source: Victor J. Blue / Bloomberg Also Read: Broadcom (AVGO) and 2 Other Stocks That May Surge in 2025 Broadcom to Create the Mag 8 Stocks? Why AVGO Has Wall Street’s Attention Like much of the tech sector, Broadcom entered 2025 with tremendous potential. Indeed, back in February, analysts were theorizing that AVGO could end up being the latest member of th...

Litecoin Price Prediction: LTC Surges 13% As Analysts Say Spot Litecoin ETF More Likely In 2025, While This Crypto Wallet ICO Heads For $10 Million

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The Litecoin price surged over 13% in the last 24 hours to trade at $123.55 as of 9:56 p.m. EST as investors go long on the altcoin. The jump in the LTC price comes as Bloomberg analysts say the probability of a spot Litecoin ETF (exchange-traded fund) getting approved in the US in 2025 is greater than the odds for any other crypto fund.  Our official alt coin ETF approval odds are out. Litecoin leads w 90% chance, then Doge, followed by Solana and XRP. We are only doing for 33 Act $IBIT-esque filings. But def poss to see futures or Cayman-subsidiary type 40 Act stuff get through as well. https://t.co/JSaNnifjbu — Eric Balchunas (@EricBalchunas) February 10, 2025 Both analysts posted on X, saying that the path toward a spot LTC ETF receiving approval may be the most straightforward since S-1 and 19b-4 forms have already been filed and acknowledged by the US Securities and Exchange Commission (SEC), while the regulator likely views Litecoin as a commodity as well. Litec...

Polygon, Arbitrum, and Pomerdoge garner attention from analysts 

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Analysts believe that Polygon (MATIC), Arbitrum (ARB), and Pomerdoge (POMD) have potential as sub-$1 tokens. This article explores the factors that could be driving their popularity and value. Polygon is championing scalability Polygon is an Ethereum sidechain aiming to scale the mainnet. It addresses congestion and offers faster, cost-effective transactions.  You might also like: Polygon Labs suggests assisting Celo’s transition to Ethereum layer 2 using CDK Its growing ecosystem of decentralized applications (dapps) and non-fungible tokens (NFTs) has, over the years, supported MATIC.  MATIC is down 80% from the 2021 peak, but supporters maintain a bullish outlook. Arbitrum leads in layer-2 Arbitrum is a layer-2 scaling solution on Ethereum that enhances speed, scalability, and cost efficiency while being secured by the mainnet.  You might also like: Optimism overtakes Arbitrum in daily transactions after Worldcoin launch Its competitive advantages includ...