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DOTUSD

Polkadot's (CRYPTO: DOT) price has decreased by 4.9% in the last 24 hours, reaching $6.98, continuing a negative trend with a 15.0% loss over the past week. Trading volume has decreased by 70.0%, while the circulating supply has increased by 0.51%, resulting in a current market cap ranking of #13 at $9.21 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 7:02 pm

XRPUSD

XRP (CRYPTO: XRP) has seen a 3.03% price drop in the last 24 hours, continuing a negative trend with a 9.0% decrease over the past week. The trading volume has fallen by 64.0%, while the circulating supply has risen by 0.54% to over 54.34 billion, which is 54.34% of its max supply. XRP's market cap is currently ranked #6 at $29.98 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 7:01 pm

BTCUSD

The Bitcoin halving event in April 2024 is expected to reduce miner rewards from 6.25 to 3.125 BTC, potentially impacting Bitcoin's price. Analysts predict a 'blow off top' in 2025 and a possible $20 trillion market cap for crypto. However, historical patterns suggest Bitcoin could dip to $34,000 by the next halving. The community is focused on the halving's effect on prices, with some seeing current market consolidation as a prelude to a bull market.

Portfolio Pulse from Khyathi Dalal

January 18, 2024 | 7:00 pm

AVAXUSD

Avalanche (CRYPTO: AVAX) has seen a 6.11% price drop over the past 24 hours, continuing a weekly decline of 14%. The trading volume has decreased by 67%, while the circulating supply increased by 0.33%. Avalanche's market cap ranking is currently #10, valued at $12.36 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 7:00 pm

IONS

Ionis Pharmaceuticals (NASDAQ:IONS) has received mixed evaluations from 8 analysts over the last three months, with ratings ranging from bullish to bearish. The average 12-month price target is $52.75, up 21.74% from the previous $43.33, with a high estimate of $62.00 and a low of $28.00. Analysts from firms including Piper Sandler, B of A Securities, Needham, Stifel, Goldman Sachs, and Morgan Stanley have updated their ratings and price targets, reflecting changes in market conditions and company performance. Ionis Pharmaceuticals specializes in antisense technology and has launched several drugs, including Spinraza and Qalsody. Despite a strong market position indicated by its market capitalization, the company has seen a -9.74% decline in revenue growth and has challenges with net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 6:00 pm

ETHUSD

On Wednesday, 7,635.20 Ether (ETH) valued at $18.85 million was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -8.51% for Ether, indicating a deflationary trend, especially with the upcoming Ethereum 2.0 upgrade expected to further reduce the issuance rate.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 6:00 pm

META

NVDA

Mark Zuckerberg, CEO of Meta, announced that by the end of the year, Meta will possess approximately 350,000 Nvidia H100 GPUs and around 600,000 H100 equivalent GPUs, including other models.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:56 pm

HD

Home Depot (NYSE:HD) has seen a 3.12% rise in short interest since the last report, with 9.86 million shares sold short, representing 0.99% of available shares. It would take 2.56 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Home Depot has less short interest compared to its peers, with an average of 6.29% in the peer group.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 5:45 pm

LNG

Cheniere Energy (AMEX:LNG) has delivered an average annual return of 13.53% over the past 10 years, turning a $1000 investment into $3,571.08 today. With a current market cap of $38.78 billion, the stock has outperformed the market by 3.61% on an annualized basis.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 5:02 pm

SAVE

Spirit Airlines is reportedly exploring balance-sheet options following the collapse of its merger with JetBlue. The company is planning to engage with advisers to tackle its debt challenges, according to sources cited by The Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:59 pm