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Shiba Inu Crashes to $0.000008888 After Tremendous Bearish PeriodShiba Inu price analysis indicates that the price is tr...
06/01/2023

Shiba Inu Crashes to $0.000008888 After Tremendous Bearish Period

Shiba Inu price analysis indicates that the price is travelling low once again as the bears made a comeback today. The bulls had been at the upper position during the last few days by winning successively and rising to record highs repeatedly. But the trends are shifting as the price is now covering the downward range. The price has come down to the $0.000008888 level because of the successful bearish attempt. A further downfall is likely to continue if the bears remain in power.

The 1-day Shiba Inu price analysis shows that the price is flowing downwards after the bears made a comeback today. The SHIB confirms the downfall, as the price can be seen degraded to $0.000008888. The past week’s value improved the coin’s value, but the trends have also undergone a slight shift today. The bulls were in control, and the price rose above $0.000009293, but that movement initiated the fall.

The post Shiba Inu Crashes to $0.000008888 After Tremendous Bearish Period appeared first on Coin Edition.

Crypto Analyst Shares His Forecasts for BTC, ETH, BNB, LINK, MATIC, LTCThe global crypto market cap is down 1.27% over t...
06/01/2023

Crypto Analyst Shares His Forecasts for BTC, ETH, BNB, LINK, MATIC, LTC

The global crypto market cap is down 1.27% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. As a result, the total stands at $859.92 billion. In addition, the majority of prices in the crypto market have declined over the last 24 hours.

Toni Ghinea (), the crypto analyst, shared his 2023 Q1 forecasts for a handful of cryptos in a tweet yesterday. According to the analyst, BTC will trade below $15k, ETH will trade below $700 and BNB will trade below $180. His tweet also added that MATIC will trade below $0.40, LTC will trade below $30 and LINK will trade below $5.

Currently, the crypto market leader, Bitcoin (BTC), is down 0.67% over the last 24 hours. This has brought its price down to $17,695.31 at press time. Nevertheless, its price is still up 5.23% over the last 7 days.

The post Crypto Analyst Shares His Forecasts for BTC, ETH, BNB, LINK, MATIC, LTC appeared first on Coin Edition.

Buying Bitcoin 'will quickly vanish' when CBDCs launch — Arthur Hayes(BTC) holders looking to avoid Central Bank Digital...
03/01/2023

Buying Bitcoin 'will quickly vanish' when CBDCs launch — Arthur Hayes
(BTC) holders looking to avoid Central Bank Digital Currencies (CBDCs) may have gained a surprise ally — banks.
In his latest blog post, “Pure Evil,” Arthur Hayes, ex-CEO of crypto derivatives platform BitMEX, argued that banks may limit the impact of the CBDC “horror story.”

Dogecoin (DOGE) Pumps 3.3% After Congressman Declares DOGE is $100 a CoinYesterday, the Bahamian Police caught the culpr...
03/01/2023

Dogecoin (DOGE) Pumps 3.3% After Congressman Declares DOGE is $100 a Coin
Yesterday, the Bahamian Police caught the culprit behind one of the largest-scale financial crimes in the history of the United States, Sam Bankman-Fried of FTX, once the second-largest cryptocurrency exchange globally. As SBF is getting ready to fight extradition, the criminal charges filed by the United States include wire fraud, money laundering, and securities fraud conspiracy.
Meanwhile, the politicians of the U.S. Congress are thinking of ways to curb crypto and introduce regulation. During the “Investigating the Collapse of FTX, Part I,” the first congressional hearing for the FTX case, Congressman Ed Perlmutter, who’s serving as the U.S. representative for Colorado’s 7th congressional district, said, “I have ten Dogecoins (DOGE), alright? A year ago, for the sake of argument, 10 Dogecoins was worth $10,000, so a hundred bucks a coin.”
DOGE is Back on Track
However, the outspoken congressman acknowledged that DOGE today is worth not nearly as much. The 8th ranked Japanese guard-dog-themed memecoin is priced at $0.091033, according to CoinGecko.
Indeed, remarks made by Congressman Perlmutter ignited the canine coin for a mini bull run, while the DOGE Army caught inspiration for more memes. With 3.3% gains in the last 24 hours, DOGE is still licking its wounds after getting kicked around by the merciless bears of the crypto winter.
What’s Next for DOGE?
The congressman’s speech kept Crypto Twitter entertained, but some crypto enthusiasts also took it as a bullish signal. For instance, crypto validator White Marlin Staking said, “Dogecoin to $100, Congress confirmed it! It’s programmed in!”, while others cannot comprehend that these people are trying to pass regulation on crypto. Last but not least, other crypto lovers were just happy that Congress finally learned how to pronounce Dogecoin, after Do-Gee coin and Doggy Coin were dismissed by one of the more sophisticated individuals in the room.
The top dog memecurrency was created by Billy Markus back in 2009 as a joke. New Twitter Boss Elon Musk took it a step further, once saying, “fate loves irony,” hinting that a joke cryptocurrency like DOGE can eventually become the centerpiece of a new, decentralized financial system. As Mr. Musk took over Twitter, it’s likely DOGE will eventually become a default payment method in Twitter 2.0, as plans to make a Crypto Wallet for the micro-blogging platform were announced right after the acquisition

Rapid change and chaos: Elon Musk promised to find a new leader for TwitterAccording to journalists, Tesla investors are...
02/01/2023

Rapid change and chaos: Elon Musk promised to find a new leader for Twitter
According to journalists, Tesla investors are increasingly worried about how much time a businessman spends on changing the social network he bought.
Elon Musk intends to find a new CEO for the social network Twitter, which the American businessman bought last month. Reuters writes about this.
The billionaire made this statement on Wednesday, November 16, in a Delaware state court, where he testified because of the gigantic size of his salary at Tesla Inc. Litigation began after one of the shareholders accused Musk of unfairly enriching himself at the expense of the company by not doing business full time and not being present at the car factory. At the same time, as specified, the businessman receives $56 billion.
As journalists report, Tesla investors are increasingly worried about how much time Musk spends on changing the social network he bought. So, the first two weeks as the new owner of Twitter were marked by rapid change, chaos and a string of high-profile layoffs.
"After the acquisition, an initial burst of activity is needed to reorganize the company. But after that, I expect to reduce my time on Twitter," the businessman commented during a court hearing.
As specified, Musk not only spends his personal time on the social network, but also involved Tesla employees in solving certain problems in his new company. At the same time, he emphasizes that they were engaged in this during their non-working hours and "on a voluntary basis."
Musk said he hopes to complete the company's restructuring by the end of this week.
Earlier, the businessman wrote that he would manage Twitter until "it becomes strong," and this should take some time. At the same time, when asked in the comments, he clarified that he did not plan to be the CEO of the social network.
Recall that Elon Musk fired the developer of Twitter through a tweet. Programmer Eric Fronhoefer had an argument with the new boss and was fired within minutes.
The businessman also said that long texts will appear on the social network, the main feature of which is concise messages.

NVIDIA drops as HSBC says stock could plunge over 20%; initiates at ReduceBy Senad KaraahmetovicShares of NVIDIA (NASDAQ...
02/01/2023

NVIDIA drops as HSBC says stock could plunge over 20%; initiates at Reduce
By Senad Karaahmetovic
Shares of NVIDIA (NASDAQ:NVDA) are down more than 2% in pre-market Thursday after HSBC initiated research coverage with a Reduce rating.
Analysts are bearish on Nvidia stock over the next year. Their price target of $136 per share implies a downside risk of 23% relative to yesterday’s closing price.
“NVIDIA’s key products are its distinctive graphic chips (GPUs), which can be used for general-purpose processing and applications beyond high-end gaming. However, these face an inventory correction that we see extending into 1H23, longer than the market expects, on weak demand from a collapse in crypto mining and slowing server unit growth that we believe isn’t fully priced in,” they wrote in the initiation note.
Hence, the analysts added that the potential earnings downside is still not fully priced in. Their estimates sit 9% below consensus.
“Our most bearish scenario – weaker server demand – implies earnings downside of 11% to our base case. We’d become more constructive if NVIDIA can fully digest the graphic GPU inventory correction quickly.”
The analysts are more bullish on NVDA as far as the mid and long-term outlook for the stock is concerned. Nvidia is seen as a “leading supplier” of chips for autos, AI enterprise software, and metaverse applications.
“NVIDIA has a combined total addressable market (TAM) of USD400bn, but it relies mostly on AI, where it dominates the market with an 80% share, as revenue from software isn’t big enough for NVIDIA to have revenue targets despite the large TAM while automotive revenue accounts for just 3% of total FY23e (year ending January 2023e) sales,” the analysts added.
Nvidia stock closed at $176.74 yesterday.

New details and premiere date of Tesla Roadster supercar revealed  The Tesla Roadster electric car will be able to accel...
18/12/2022

New details and premiere date of Tesla Roadster supercar revealed

The Tesla Roadster electric car will be able to accelerate to 100 km/h in 1.9 seconds and reach speeds of over 400 km/h. It will have a range of about 1000 km.

The new Tesla Roadster will be the next production model of the brand. Electric supercar will go into production in July 2023. It became known about it to the site Autoevolution.

Journalists got hold of documentation with Tesla's plans for the next years. According to it, after Tesla Semi truck there will be not a Cybertruck pickup on the assembly line, as it was considered before, but supercar Roadster. The production model could debut within the next month.

At first 1000 cars will be produced in limited edition Founders Series.

Tesla Roadster will be assembled at the plant in Fremont (California). Earlier, Elon Musk has confirmed that the sports model will begin production in 2023. According to him, at first they will collect 1,000 cars limited edition Founders Series for $ 250,000, and the basic version for $ 200,000 will appear later.

Recall that the new Tesla Roadster will get three electric motors with a combined output of more than 1,000 hp. The coupe will be able to accelerate to 100 km/h in 1.9 seconds and to 200 km/h - in 4.2 seconds. The maximum speed will exceed 400 km/h.

The top speed will exceed 400 km/h

Cruising range of the electric car will be about 1000 km. Also Elon Musk announced a high-speed version with rocket boosters, able to accelerate to a hundred in 1.1 seconds.

Focus previously reported that Volkswagen is preparing an electric crossover with a range of about 700 km.

Musk is no longer the richest man in the world  SpaceX and Tesla founder Ilon Musk, who recently bought the social netwo...
18/12/2022

Musk is no longer the richest man in the world

SpaceX and Tesla founder Ilon Musk, who recently bought the social network Twitter, is no longer the richest man in the world, according to Bloomberg. Bernard Arnault, head of the Louis Vuitton Moët Hennessy Group, is now in first place.

It is noted that since January, Musk's fortune has decreased by more than $100 billion, to $ 163 billion. Bloomberg estimates Arnault's fortune at $170.8 billion.

Musk's fortune began to decline the day before and after the purchase of the social network Twitter. According to Bloomberg, in April, he "shocked" the world when he offered to buy it for $44 billion. Against this background, shares of Tesla began to lose value as Musk had to sell a significant portion of the manufacturer of electric cars.

Musk topped the billionaire ranking in 2021, displacing Amazon founder Jeff Bezos from first place. At one point, the billionaire's fortune was estimated at $350 billion.

On December 7, Musk was already losing the lead in the ranking, he was also displaced by Arno. But later the businessman managed to rise to the first position again.

Recall that according to media reports, most of the world's famous brands have reduced spending on advertising in Twitter to a minimum or refused to use the social network. This happened after Musk massively dismissed employees from the company's advertising department. After that, communication between Twitter clients and the company's office deteriorated significantly.

Tesla prepares large electric minivan: first images and details   The Tesla Robovan is based on the Cybertruck pickup an...
18/12/2022

Tesla prepares large electric minivan: first images and details

The Tesla Robovan is based on the Cybertruck pickup and will be produced at a plant in Texas. The electric car will have passenger and cargo versions.

Tesla has started development of the Robovan minivan. The electric car can be presented at the beginning of 2024. This became known to journalists of the site The Drive.

Along with passenger minivan there will be offered a cargo one.

The possible appearance of Tesla Robovan was hinted at several times by Elon Musk. In his opinion, a practical convertible minivan for passenger and cargo transportation would be very useful.

Once Elon Musk wrote on Twitter that the minivan would be built on the platform of the Tesla Cybertruck pickup. Thus, the development of the model could be made cheaper. Like the Cybertruck, the Tesla Robovan will be produced at a plant in Texas.

Most likely, the Tesla Robovan will have two modifications - a passenger van and a cargo van. Particular hopes are pinned precisely on the last version, because the demand for commercial electric cars is now quite high - they are actively purchased by delivery services and small businesses.

It will not be as powerful and long-range as the top-of-the-line Tesla Cybertruck, but it will have a range of at least 400 km, like the base version of the pickup.

Musk sold nearly $4 billion worth of Tesla stock again  Tesla CEO Elon Musk on Wednesday disclosed another $3.6 billion ...
17/12/2022

Musk sold nearly $4 billion worth of Tesla stock again

Tesla CEO Elon Musk on Wednesday disclosed another $3.6 billion from the sale of his company stock, increasingly embarrassing investors.

This was reported by Reuters, citing the U.S. securities firm's report.

Tesla's share price has halved so far this year and hit two-year lows.

The report shows that Musk sold 22 million shares of the world's most expensive automaker in three days between Monday and Wednesday.

The sale is the second major stake Musk has held since acquiring Twitter for $44 billion in October. It's unclear whether the sale is related to the Twitter acquisition, but it has irritated investors who feel he is directing his attention and resources to Twitter rather than Tesla.

"It doesn't add confidence to the business or tell you what its focus is," said Tony Sycamore, an analyst at brokerage IG Markets, where Tesla is a popular stock among small investors.

According to Refinitiv, 13.4 percent of Tesla stock owned by Musk is down from about 17 percent a year ago. The most recent stock sale came a month after Musk sold $4 billion worth of stock a few days after the Twitter deal closed.

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