Market Ranger

2022-04-22 13:31:23 ​​ Crypto Fear & Greed Index

The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions:

• Extreme fear (red colour) can be a sign that investors are too worried. That could be a buying opportunity.

• When Investors are getting too greedy (green colour), that means the market is due for a correction. Open / Comment

2022-04-22 10:18:08 Crypto’s biggest cheerleaders.

The price of Bitcoin is down about 40% from its all-time high of $69,000 in November and the token remains stalled in a range. Hundreds of millions of dollars’ worth of digital-asset hacks are swamping headlines. Coinbase Global Inc.’s stock price is struggling even after the launch of its NFT marketplace. There’s also the looming specter of regulation. Taken together, it feels a lot more like a crypto-winter chill.

None of this has cooled venture capitalists’ enthusiasm for the industry. They poured roughly $5 billion into blockchain-related endeavors in the first quarter, double what they invested during the same period last year, according to data from PitchBook. Startups like blockchain developer Ava Labs Inc. and crypto exchange Blockchain. com are commanding multibillion dollar valuations in their latest funding rounds, with the latter planning an initial public offering as early as this year.

But is the attitude of venture capitalists the best barometer for assessing the industry’s long-term viability? The fact is, many of these firms are “crypto-native,” with nine out of the industry’s top 10 investors based on deal count specializing in crypto, according to an analysis of data from PitchBook. They need to keep believing, because for them it’s the only game in town.

When it comes to firms that raised crypto funds worth more than $1 billion in the last year, Andreessen Horowitz is the only one that doesn’t specialize in crypto. Paradigm, FTX Ventures, Haun Ventures, Hivemind and Electric Capital have all staked their entire reputations and investment strategies on crypto, so their commitment should be taken with a grain of salt. 

And even though Andreessen Horowitz isn’t completely crypto-focused, the firm seems to be making changes to better compete with web3-native VC firms that claim they hold greater appeal for founders because of their crypto knowledge. Andreessen Horowitz said Thursday that it is launching a research arm full of crypto experts to assist its portfolio companies.

A public debut from Blockchain. com this year could be a good test of whether the sentiments of the public market match the optimism of venture capitalists. That wasn’t the case when the company’s rival, Coinbase, completed a direct listing a year ago. The crypto exchange went public at a $100 billion valuation, but ended its rocky debut with a market capitalization of $86 billion. Coinbase’s current market value is now less than half that at $30 billion. That’s cold.

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**The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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2022-04-21 09:33:03 Atari Token Plunges 30% After Gaming Company's Shock Announcement.

│The gaming company is no longer associated with Atari Tokens, but is promising to release a new token to compensate investors. ATRI fell by 30% in nine hours.


Atari no longer has any affiliation with Atari Tokens, the gaming company has announced. In a surprise news release on April 18, Atari revealed it has terminated a wide-ranging partnership with ICICB Group.

Both companies had teamed up to launch the cryptocurrency, as well as Atari-branded hotels around the world.

This isn't great news for those who own ATRI tokens. CoinMarketCap data shows that, at the time of writing, the altcoin's value has plunged by 30% in the space of nine hours.

Atari insists it "remains enthusiastic about the potential for blockchain initiatives and continues to establish and pursue strategic ventures and partnerships in the space."
In an attempt to make existing token holders whole, the company announced that it plans to "create, distribute and solely manage a new proprietary token with a focus on gaming, community and utility."

A snapshot of all those who own ATRI was taken on Monday afternoon, and an exchange for new tokens is set to take place at a later date.

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**The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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2022-04-20 13:30:55 Stocks Are Struggling After Reporting Earnings. These 5 Could Soar.

The latest corporate earnings news isn’t giving stocks a lift, but it is still possible to find shares that can jump in response to profit reports. 

The companies on the list could be ripe for gains after earnings because while Wall Street has penciled in big profits, their stocks are down, so their prices may not reflect the full stream of profits ahead.


Nvidia (ticker: #NVDA) is one of the worst performers in the S&P 500 this year. It is down 26% so far in 2022, but analysts have raised their estimates for EPS for the calendar year by 9.4% since the end of December. 

Snowflake (#SNOW) stock has fallen 43% for the year, but its 2022 EPS estimates have more than doubled. 

Advanced Micro Devices (AMD) stock has dropped 35% for the year, but estimates for its 2022 EPS are up 20%. 

Zillow Group (#ZG) stock is down 28% this year, but expectations for its EPS for 2022 are up more than twofold. 

Pool Corporation (#POOL) stock has fallen 27% for the year, while expectations for its EPS for the year are up almost 8%.

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**The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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2022-04-20 08:18:07 Open / Comment

2022-04-20 08:16:40 Ethereum’s Highly-Anticipated Upgrade Will Be Later Than June.

One of the leading Ethereum software developers said the blockchain network’s much-anticipated technical upgrade known as the Merge will likely be completed a few months after June. 

The comment helps to establish a possible timeline for the completion after Ethereum passed another major test on Monday. The network’s developers had launched a mainnet shadow fork to stress test the new upcoming software.   

The Merge will enable the blockchain to move from the proof-of-work consensus mechanism, which uses energy-intensive specialized computers to validate transactions and secure the network, to proof-of-stake. The new mechanism allows Ether holders or stakers to operate as validators to perform those tasks. 

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**The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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2022-04-19 14:30:37 ​​4 Cheap Food Stocks With Big Earnings Growth.

The key for investors may be finding the producers whose growth will stand out this year, while not paying a premium for it.

Average analyst estimates call for most consumer staples companies to notch more modest earnings-per-share percentage growth in 2022, in the single-digits year over year. That makes sense: The pandemic boost is fading, food prices have risen, and consumers don’t have stimulus checks to spend at the grocery store this year, as they did in 2021.

Yet there are still some companies that may see stronger growth this year. Barron’s screened for food producers with a market capitalization of at least $1 billion, whose consensus estimates imply double-digit percentage growth for per-share earnings in 2022 from the year before. We then excluded the companies with less than a 20% expected increase, and the stocks trading at more than 35 times forward earnings. That left us with four names.

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**The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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2022-04-19 09:31:26 Billions Are Being Wagered on Breakthrough Ethereum Revamping.

One of the biggest bets in all of crypto is being wagered on the autonomously-run DeFi platform Lido Finance. 

Nearly $10 billion, or around 3.22 million Ether tokens, has been deposited on the decentralized finance protocol in anticipation of a successful completion of a long-awaited upgrade of Ethereum. The years-in-the-making software revision -- referred to as the Merge, targeted for later this year -- is supposed to dramatically cut energy use, eventually boost performance and possibly returns on what is arguably the most important blockchain network. 

The big bet is being made through a fairly common crypto practice known as staking, which allows owners a way of earning passive income without having to sell their tokens. The staked coins are used to help validate transactions and secure the network in exchange for rewards based in part on the amount of new tokens minted and fees collected.

* A screenshot of the Lido Finance website. Open / Comment

2022-04-18 12:31:02 ​​ Crypto Fear & Greed Index

The crypto market behaviour is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions. There are two simple assumptions:

• Extreme fear (red colour) can be a sign that investors are too worried. That could be a buying opportunity.

• When Investors are getting too greedy (green colour), that means the market is due for a correction. Open / Comment

2022-04-18 09:08:32 Crypto 'Altcoin Season' Returns as Bitcoin Dominance Fades.

• Index of 100 tokens outperforms Bitcoin over the last month
• Investors look to diversify away from just the largest coins

Smaller, lesser-known tokens are outperforming Bitcoin in another “altcoin season” as the world’s largest digital asset has seen its dominance wane in recent weeks. An index of 100 coins is on pace to outperform Bitcoin for the second straight month, amid surges in Solana, Cardano, Avalanche and others. Meanwhile, many crypto firms are seeing greater client interest for these smaller tokens, with BlockFi last weekend noting a “flip” by its retail clients toward alternative coins.  

Bitcoin’s share of the market has fallen to about 40% from 65% at the start 2020, according to CoinMarketCap data.

*Source

**The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk, you should conduct your own research when making a decision. Open / Comment