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Myra (CRYPTO: MYRA), a new Solana-based memecoin, has seen a dramatic increase in value, surging 69,000% within 24 hours of trading, achieving a market cap of over $5 million. Despite not being listed on any centralized exchanges, its trading volume exceeded $4.5 million. Myra's success follows the trend of other Solana memecoins like Bonk (CRYPTO: BONK) and Myro. Market participants speculate on Myra's potential growth, with some predicting it could reach a $10 million market cap. A trader was reported by Lookonchain to have made significant profits trading MYRA shortly after its launch.

Portfolio Pulse from Ivan Crnogatić

January 15, 2024 | 8:09 pm

SEIUSD

Sei's cryptocurrency (CRYPTO: SEI) price has risen 6.49% in the last 24 hours to $0.76, continuing a weekly upward trend with a 5.0% gain. Despite a 56.0% drop in trading volume over the week, the circulating supply increased by 6.83% to 2.42 billion. Sei's market cap is now ranked #47 at $1.88 billion. The volatility of Sei's price can be observed through the Bollinger Bands in the provided chart.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 7:03 pm

STXUSD

Stacks (CRYPTO: STX) has seen a price drop of 4.01% in the last 24 hours, continuing a weekly decline of 18%. The volatility of STX is highlighted by the widening of Bollinger Bands in the provided chart. Trading volume has decreased by 90% over the past week, while the circulating supply increased by 1.07% to 1.44 billion, approximately 78.94% of the max supply. Stacks's market cap is currently ranked #42 at $2.30 billion.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 7:03 pm

ETHUSD

On Sunday, 6,712.08 Ether (ETH) valued at $17M was burned due to EIP-1159, which introduced a fee model where a base fee per transaction is permanently removed from circulation. This event contributes to Ethereum's transition towards becoming a deflationary currency, especially with the anticipated Ethereum 2.0 upgrade that is expected to reduce the issuance rate from 4% to 0.5-1% per year. The net annualized issuance rate for Ether was -7.01% yesterday.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 6:00 pm

CTSH

Cognizant Tech Solns (NASDAQ:CTSH) is analyzed in comparison to its competitors in the IT Services industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, Gross Profit, and Revenue Growth are evaluated. Cognizant's ratios are generally lower than the industry average, suggesting potential undervaluation. However, its lower ROE and revenue growth may indicate inefficiencies and a challenging sales environment. The company has a strong financial position with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 4:00 pm

CTAS

Cintas (NASDAQ:CTAS) is evaluated against competitors in the Commercial Services & Supplies industry. The analysis shows Cintas has a high P/E, P/B, and P/S ratios, suggesting a premium valuation. Its ROE is below the industry average, indicating potential inefficiency. However, Cintas has strong EBITDA, gross profit, and a lower debt-to-equity ratio, signaling robust cash flow and a favorable financial position. The company's revenue growth is lower than the industry average, which may point to a decline in sales performance.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 4:00 pm

JPM

$1000 invested in JPMorgan Chase (NYSE:JPM) 10 years ago would now be worth $2,906.14, with the stock outperforming the market with an average annual return of 11.26%. JPMorgan Chase currently has a market cap of $488.44 billion. The article highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 3:31 pm

ETCUSD

Ethereum Classic (CRYPTO: ETC) has seen a 4.31% price drop in the last 24 hours, now at $26.56, despite a 35% increase over the past week from $19.65. The trading volume surged by 99% over the week, and the circulating supply rose by 0.6% to 143.20 million, which is 67.96% of the max supply. ETC's market cap is currently ranked #25, valued at $3.80 billion.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 3:03 pm