Top Crypto Analyst Predicts 80% Ethereum Surge, Says Bull Market Definitely Not Over

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The Daily Hodl 14 July, 2021 - 10:11am 13 views

Where is Jeff Bezos launching from?

Jeff Bezos to launch himself into space on Blue Origin rocket in July. CAPE CANAVERAL, Fla. — Jeff Bezos' rocket company has gotten government approval to launch people into space, himself included. NBC NewsBezos' Blue Origin gets OK to send him, 3 others to space

When is the Blue Origin flight?

Blue Origin's New Shepard rocket is counting down for its first crewed flight on July 20, when it will launch company founder Jeff Bezos and three others into space, and you can watch the whole thing live. Space.comBlue Origin will launch billionaire Jeff Bezos into space on July 20. Here's how to watch.

When is Richard Branson going into space?

Richard Branson is going to space The space tourism company Virgin Galactic successfully launched its founder Richard Branson and five other crewmembers into suborbital space on July 11, 2021 in a milestone mission that marked the first fully crewed flight of its VSS Unity space plane. Space.comIn photos: Virgin Galactic's 1st fully crewed spaceflight with billionaire Richard Branson

A closely-followed analyst and trader is predicting a massive rally for Ethereum amid the prevailing bearish sentiment in the crypto markets.

The pseudonymous analyst known as Credible Crypto tells his 223,500 followers that Ethereum is poised for a strong surge that can potentially take the leading smart contract platform above $3,400.

At time of writing, Ethereum is trading at $1,881 and a move up to $3,400 represents gains of over 80%.

While Credible Crypto is bullish on Ethereum in the coming weeks, he believes that after the relief rally, Ethereum will give up all of its gains and more. According to the crypto trader, the sell-off will be a setup for Ethereum and altcoins in general for a bullish reversal.

The trader also emphasizes that in his opinion, the crypto bull market is definitely not over.

As for Bitcoin, Credible Crypto says he still believes in the long-term potential of the leading cryptocurrency.

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Can the Billionaire Space Race Lift these ETFs?

Yahoo Finance 13 July, 2021 - 05:43pm

Unlike Virgin Galactic’s SpaceShipTwo, Blue Origin’s New Shepard is a rocket with vertical landing and takeoff, which will take Bezos more than 62 miles above sea level, beyond the Kármán line that some organizations define as the edge of space. However, Richard Branson is officially an astronaut per NASA’s definition of space which starts at 50 miles above Earth’s surface.

These space flights by billionaires are expected to boost demand for space tourism. More than 1,600 people have already paid deposits to Virgin Galactic (SPCE), per FT. Elon Musk, founder of Tesla (TSLA) and SpaceX, is one of them. Virgin plans to start commercial space flights next year and increase to about 400 flights a year.

Virgin’s shares plunged yesterday after the company announced plans to raise up to $500 million for its spaceship fleet, but are still up more than 70% this year.

The global space industry could generate revenues of $1.1 trillion or more in 2040, per Morgan Stanley, thanks mainly to declining launch costs and increasing use of satellite based navigation.

Cathie Wood’s ARK Space Exploration & Innovation ETF (ARKX) is one of the most successful launches of 2021. The Procure Space ETF (UFO) is the first pure-play space ETF.  The SPDR S&P Kensho Final Frontiers ETF (ROKT) holds companies associated with exploration of outer space and deep sea.

To learn more about these ETFs, please watch the short video above.

What happened Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Wednesday. Although investors' concerns about U.S.-listed Chinese stocks have lingered since the Chinese government took action against DiDi Global (NYSE: DIDI) and other recently listed stocks last week, there was no immediately obvious trigger for Wednesday's decline.

As of 2 p.m. EDT, the stock's price was up more than 2%, which placed Apple's market capitalization at a staggering $2.5 trillion. Apple is reportedly preparing to boost shipments by 20% compared to 2020's levels. Apple is expected to debut its latest-generation iPhones in September.

Shares of Virgin Galactic Holdings (NYSE: SPCE) fell as much as 13.1% in trading on Wednesday, continuing a slide that's beaten down shares all week. The only announcement out from Virgin Galactic today was the scheduling of its second-quarter 2021 earnings announcement for Thursday, Aug. 5, after the market closes. The sell-off in Virgin Galactic shares began early this week after management filed to sell as much as $500 million in stock.

Prospective profit-takers took decided action today, but there may well be more of the same to come.

Shares of ChargePoint (NYSE: CHPT) crashed today, down by 10% as of 3:30 p.m. EDT, after the company announced it is conducting a secondary offering. The news comes just a few months after ChargePoint completed its merger with a special purpose acquisition company (SPAC). The secondary offering is being launched in order for existing shareholders, primarily early venture capital (VC) funds, to sell stock in an orderly fashion.

The confetti and decorations may have been taken down after New Year's Eve, but the party didn't stop for investors in FuelCell Energy (NASDAQ: FCEL) for another few weeks. Between unfavorable opinions of the stock echoing on Wall Street and the company's uninspiring first-quarter 2021 earnings report, the stock failed to rebound in April. Unlike fuel cell peers like Plug Power and Bloom Energy, which have successfully grown their top lines over the past few years, FuelCell Energy has struggled to grow revenue -- a worrying sign that investors were reminded of when the company reported Q1 earnings in March.

Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 900 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]

Every investor in United States Steel Corporation ( NYSE:X ) should be aware of the most powerful shareholder groups...

The S&P 500 has been rising all year, and to date has posted gains of more than 16%. After a more volatile start to the year, with strong swings up and down from January to the end of May, during which investors pulled back from the tech giants, the NASDAQ has joined the upward trend. Its year-to-date gain now stands at 14%, and like the S&P, sits just under a record high level. But how much room is there for further growth across the board? In an environment like this, investors need to take ca

In this article, we discuss the 15 best penny stocks to buy now. If you want to skip our detailed analysis of these companies, go directly to the 5 Best Penny Stocks to Buy Now. Many novice investors are bullish on penny stocks with growth potential for capital appreciation. All iconic stocks were once penny […]

Shares of home solar system provider Sunrun (NASDAQ: RUN) have been negatively impacted by two related headwinds so far in 2021, and the stock hasn't recovered. Through June 30, Sunrun shares were down 19.6% for the year, according to data provided by S&P Global Market Intelligence. Other solar stocks have bounced back, but investors potentially see an added risk with Sunrun.

Canopy Growth, the largest marijuana stock, has fallen after a post-election rally. And Canada is still dealing with coronavirus-related lockdowns. Is CGC stock a buy right now?

Today we will run through one way of estimating the intrinsic value of SunPower Corporation ( NASDAQ:SPWR ) by taking...

ClearBridge Investments, an investment management firm, published its “International Growth ADR Strategy” second quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge International Growth ADR Strategy outperformed its MSCI EAFE Index benchmark. The Strategy delivered gains across seven of the 10 sectors in which it was invested (out of 11 […]

The Chinese fintech company is back in compliance with the Nasdaq's listing requirements, giving traders a reason to cheer.

Shares of Compass Minerals International (NYSE: CMP) shot up this morning and gained as much as 17.9% as of 9:40 a.m. EDT. The otherwise boring company that primarily deals in salt and plant nutrients has made a discovery that has the potential to turn its fortunes around. On July 13, Compass Minerals announced the discovery of a lithium brine resource with nearly 2.4 million metric tons of lithium carbonate equivalent (LCE) at its solar evaporation site in Ogden, Utah.

On Sunday, Richard Branson blasted into space aboard the Virgin Galactic Unity spacecraft, officially marking the launch of the space tourism market. Virgin Galactic shares had rocketed higher in anticipation, but the reaction since has been muted. Secondary offerings typically have a negative impact on stocks because they add to the total float, meaning every investor has a slightly smaller piece of the overall pie.

Small-cap stocks tend to get hit harder during a downturn and rise faster during a recovery. It's why small-cap stocks are outperforming their mid-cap and large-cap brethren over the past year: Since the market collapse in March 2020 at the onset of the pandemic, small caps have gained 127%, mid caps are up 120%, and large caps added 96%. This could be the real summer of recovery, so long as the government doesn't step in to upset things again, meaning the gains already enjoyed by small-cap stocks were just the first phase of their growth.

These stocks have dividend yields that are at least three times as high as the yields on 10-year U.S. Treasury notes.

It's time to stop freaking out about space billionaires

Mashable 13 July, 2021 - 03:30pm

If you wanted to ride on the first scheduled jet flight out of the U.S., on October 17, 1958, you had to be buddies with a wealthy tycoon. Juan Trippe, founder of Pan Am, stuffed the maiden voyage of his first Boeing 707, from New York to Paris, with friends and VIPs. Given that his friends included Vanderbilts and Whitneys, this was likely the highest net worth on any plane ever at that point — unless you count that time nine years prior when Howard Hughes, billionaire owner of TWA and Trippe's nemesis, took his famous one-mile flight on the Spruce Goose.

You can hear echoes of Trippe and Hughes' rivalry in the jockeying between space billionaires Richard Branson and Jeff Bezos. Branson took his first flight on Virgin Galactic's SpaceShipTwo Sunday, months earlier than planned, a week ahead of Bezos boarding Blue Origin's New Shepard rocket. Blue Origin responded with a snarky tweet noting that New Shepard has larger windows and actually goes higher than the 62-mile-high line marking the start of space. Meanwhile Elon Musk, the other space billionaire, couldn't resist inserting himself into the drama by surprising Branson in his kitchen at 3 a.m. and booking a flight on Virgin Galactic.

With such soap opera shenanigans, it's no surprise many observers on Twitter rolled their eyes. The same argument deployed against the Apollo moon shots in the 1960s — space is too expensive when we have problems at home — were rolled out again. (Never mind that the Pentagon's bloated $705 billion budget is more than eight times larger than the entire planet's spending on space.) This time the argument came layered with an extra assumption, that the Virgin Galactic vs. Blue Origin vs. SpaceX race represents nothing more than rich boys playing with their toys.

However, that argument makes about as much sense as claiming that Juan Trippe ordered his first batch of Boeing 707s just so he could go on joyrides with his rich friends. In fact, what the Pan Am vs. TWA rivalry did in the 1950s would change air travel forever. The more Boeings they bought, the more ticket prices plummeted. The more people could afford to fly, the more service scaled up, until a trip to Paris was no longer completely out of reach for a U.S. middle-class household budget.

That's the long-term plan for these companies' orbital rides too, with the added challenge of building infrastructure in our solar neighborhood so that we don't have to come back to Earth so soon. (Imagine if Trippe and Hughes also had to create Paris from scratch.) Space tourism isn't all about providing joyrides for the rich and famous (Tom Hanks and Lady Gaga are among the celebrities who have signed up for $250,000 Virgin Galactic tickets); it's about using that revenue as seed money for our brave new cislunar world.

I have previously argued that the space economy in the next century will mint trillions of dollars to the benefit of us all; this is how it begins. Jeff Bezos noted way back in his high school valedictorian speech that more space-based industry will take the pressure off Earth's environment, and he was right about that. Industries like Big Pharma may do better making its products in zero G — and solar satellites can provide the entire planet with clean energy in one fell swoop. In the long run, growing the space economy might be capitalism's single best response to our climate emergency.

Does this mean Bezos, Branson, and Musk are immune to criticism? Absolutely not. We can walk and chew gum at the same time. I've written about how Bezos' wealth has turned him into a raging asshole (to his own detriment; Blue Origin might have gotten off the ground faster if he'd had a better handle on how disgruntled his employees were). Branson demanded a bailout for his airline, Virgin Atlantic, even as he furloughed its staff. And Musk, of course, seems to spend as much of his life being a Twitter troll who pisses off the cryptocurrency crowd as he does doing actual business.

Meanwhile, it's as clear as a space telescope that this trio of wealthy white dudes need to pay more than they are currently paying in taxes. Back when Trippe and Hughes were buying Boeings in the 1950s, they were on the hook for 91 cents out of every dollar over their first million. There were deductions and loopholes then as now, of course, and it's estimated that the actual top effective tax rate in the 1950s was a less sky-high 46 percent.

Still, that was a lot more helpful to all of us than the average 3.4 percent tax rate the richest Americans — including Musk and Bezos — paid on $400 billion in new wealth between 2014 and 2018, according to a ProPublica investigation of IRS files. With the pandemic lifting billionaires' wealth by $1.6 trillion, there's even more of a crying need to legislate that these guys pay their fair share.

Again, this would not impede their space activities, and would actually benefit their business in the long run by creating more customers. America's rising middle class in the 1950s, aided by government investment, was the source of its booming economy. We have enough data now to know that trickle-down economics is not a thing, not on this or any planet.

So no, we shouldn't freak out about space billionaires who are at least helping to build out the infrastructure of the future. But they too can walk and chew gum at the same time, using their immense wealth to lift more of us off the planet at the same time as they contribute to our social security and our infrastructure. Their increasingly sprawling wealth can pay for universal healthcare even as we explore the universe. Branson, Bezos, and Musk can boldly go where air pioneers went before — by sending larger checks to the IRS.

Blue Origin and Virgin Galactic: their space tourism flights explained

The Planetary Society 13 July, 2021 - 12:35pm

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The Planetary SocietyJul 13, 2021

On Sunday, July 11, Richard Branson’s Virgin Galactic kicked off the first of two back-to-back space tourist flights. Blue Origin’s New Shepard launch vehicle will lift off a little over a week later on July 20.

Because the flights are so close together, newcomers may find it a little confusing to get the details straight. Basically, Virgin Galactic and Blue Origin are competing for the same goal: to launch passengers and science experiments into suborbital space. This means that both vehicles cross the boundary into outer space but don’t attain orbit, mostly because of the speed at which they’re traveling.

With their first fully crewed launches, both companies hope to create a larger market for space tourism, in which passengers — usually civilians, not trained astronauts — purchase seats in exchange for a recreational flight. It’s unclear how much tickets will sell for in the future since current prices are much higher, but in Blue Origin’s case, they’ve climbed into the millions.

Blue Origin’s New Shepard is made up of a booster rocket and capsule, so its launch and landing procedures are more in line with those of a typical rocket launch.

VSS Unity reaches about 86 kilometers (about 54 miles) at its highest point. New Shepard flies up to 105 kilometers (about 65 miles).

Where space “begins” is very murky territory. It starts at different altitudes, depending on who you ask.

NASA and the U.S. military consider space to start at roughly 80 kilometers (50 miles) above Earth's surface. However, the Fédération Aéronautique Internationale (FAI), which oversees air sports and human spaceflight records, considers the Kármán Line — 100 kilometers (about 62 miles) above Earth’s surface — to be the start of space. Many other organizations also consider the Kármán Line to be the beginning of space, though even the placement of the 100-kilometer threshold has been debated by scientists.

The SpaceShipTwo flight on July 11 fit two pilots and six passengers; New Shepard flies without a pilot and will fit six passengers.

Providing you have the money for a ticket, it doesn’t take long to train to become an astronaut with either company: just three days for Virgin Galactic and four days for Blue Origin.

Passengers are initially paying $250,000 for a seat on VSS Unity; the first seat on the upcoming New Shepard flight was auctioned off for $28 million. Some passengers on that flight aren’t customers, however — Wally Funk, a “Mercury 13” pilot, was invited to fly on New Shepard as an “honored guest.”

During its July 11 flight, VSS Unity carried tubes of Arabidopsis thaliana plants on behalf of NASA. The tubes, which have been returned to Earth, will allow scientists to study the effects of microgravity on the samples.

Read more: Human spaceflight

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