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Showing posts with the label profit

Trader turns $18M into $29M betting on Donald Trump’s victory

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An anonymous trader made $11 million of “pure profit” betting on Donald Trump’s victory on Polymarket , the leading prediction market. On November 6, the Republican candidate consolidated its long-awaited victory against Kamala Harris for the Democrats, settling the bet. With the “Presidential Election Winner 2024” bet closed, traders who were still holding “Yes” shares for Donald Trump or “No” shares for the other candidates were finally able to collect their prize within the difference between $1 and the average price paid per share, below that mark. In particular, Polymarket ’s official account shared the results of an anonymous user who made over $11 million of “pure profit.” The trader purchased $18.02 million of shares at an average of $0.61, receiving $19.43 million in return. Picks for you 'Trump will break' Bitcoin promis...

Shiba Inu: How Much Could Your $1,000 Be Worth if SHIB

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The Shiba Inu (SHIB) market has been eagerly waiting for the meme coin to hit the 1-cent mark. But at the rate at which the asset is currently moving, it might take longer than expected. Amidst the array of predictions, An analyst predicted that SHIB could reach $0.003 if Bitcoin (BTC) rises to a high of $150,000. Also Read: Telsa (TSLA) Q3 Earnings to Arrive This Week: What to Expect Predicting Shiba Inu’s Future: Will It Reach $0.003? Image Source: Watcher Guru It should be noted that BTC is currently trading at $67,575.09. The king coin will have to rise by a staggering 121% in order to reach $150,000. Despite this, several institutions have been sharing bold predictions. Standard Chartered believes that Bitcoin can surge to this high by this year. Bernstein affirmed that the world’s largest currency will rise to $150,000 in 2025. Source If BTC hits this milestone by next year, SHIB could follow suit and achieve the $0.003 mark. This will be a major uptick for the meme co...

Alphabet (GOOGL) Emerging as Best High Growth Nasdaq Stock?

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There is certainly a case to be made for Alphabet (GOOGL) emerging as the best high-growth Nasdaq stock that is turning a profit in 2024. The Magnificent Seven stock has continued to prove its value, posting a five-year net income growth of more than 20% and thriving this year. Google has continued to embrace the new direction of the tech sector. Therefore, interest in its stock has reflected this move. As it continues to embrace artificial intelligence (AI) and cloud-based computing, the argument for its superiority within Nasdaq stocks becomes all the more undeniable. Source: bankrate Also Read: Alphabet (GOOGL): Analysts Say Google is a Buy-Now Stock Alphabet Thriving as Magnificent 7 Stock Eyes Continued Success This Year In a recent report from Truist Financial, Alphabet saw its target price increase to $220. Moreover, that came from the firm placing a buy rating on GOOGL as the stock faces a potential increase of almost 33% from its previous close. These factors reinforce the ret...