Posts

Showing posts with the label market value

XRP wipes out $19 billion of market value in a week

Image
XRP is currently suffering a sharp correction in the final stretch of September, losing $18.94 billion in market value over the past seven days. The token dropped from a weekly high of $3.13, with a market cap of $187.24 billion, to $2.81 and $168.30 billion, marking a decisive break below the $3 psychological threshold losing 10.22% in value, as per data retrieved by Finbold from CoinMarketCap . XRP 1-week market cap. Source: CoinMarketCap The pullback coincided with a broader market sell-off that saw more than $1.5 billion in crypto positions liquidated between September 24 and 25, the largest single-day altcoin liquidation event in over a year. Much of the pressure came after Ethereum broke below the $4,000 threshold, triggering cascading liquidations across majors, with XRP caught in the crossfire. In the last 24 hours, XRP’s trading volume spiked 36.7% to $7.19 billion, though the activity was dominated by selling pressure. Notably, 58% of liquidations...

Nvidia (NVDA) Stock Plummets 9%: Experts Say There's One Key Reason

Image
Entering the year, there were few companies that had the kind of expectations Nvidia had. However, two months into 2025, it has failed to live up to that high bar. Now, all eyes are on what could be causing the volatile price movement. As Nvidia (NVDA) dropped another 9% this week, experts say there is one key reason why. There had always been debates on the company’s ability to continue outperforming expectations. Although it has done just that in its Q4 earnings report, traders did not react the way many would expect out of its stellar financials. Yet, there may be one thing holding the stock back. Source: Fortune Also Read: Nvidia (NVDA) Sets Earnings Record, So Why Hasn’t The Stock Followed? Nvidia Falls Monday as Experts Say Stock Could Struggle for One Key Reason With the company’s Q4 earnings set to be revealed, we projected that Wall Street would likely not flock to the company. Indeed, with the bar continually raised, the exceptional financial report saw the stock b...

Broadcom (AVGO) to Join $1T Club as Stock Still Has 47% Upside

Image
Although we are less than two months into the year, the stock market has certainly underperformed. There is no shortage of companies struggling as geopolitical tensions loom large. However, Broadcom (AVGO) is approaching a unique milestone as it may be set to join the $1 trillion club while still boasting a 47% upside for its stock price this year. Currently, the company has a market value of $952 billion and is sitting just outside the top 10. Interestingly, the semiconductor stock is worth more than major companies like Eli Lilli (LLY), JPMorgan Chase (JPM), Visa (V), and even Walmart (WMT). Yet, with stacked competition, could AVGO make good on its potential this year? Source: AFP 2023 / JEWEL SAMAD Also Read: Broadcom (AVGO) Stock Bucks Trend, Jumps 6%: Here’s Why Broadcom Looks Poised for $1 Trillion Club as Stock Still Has Room to Increase It has been a pretty good year for Broadcom. The stock is up more than 55% in that time and has increased more than 643% over the last five ye...