August 8, 2013 9:09 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Thursday, Maxim Group analyst Echo He upgraded the rating on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NASDAQ: SINA) from Hold to Buy, and named a $58.00 price target.In the report, Maxim Group noted, “Weibo may regain market share as an important collaborator of Alibaba (private). Starting in August, Alibaba blocked Tencent's (0700-HK - HK$360.20 - NR) WeChat from its platforms, mainly Taobao.com and Tmall.com. As a result, we believe Alibaba's online shoppers are not able to directly access WeChat to advertise shopping information and WeChat users are not able to directly access Alibaba with the same login. Meanwhile, Alibaba started to allow SINA's Weibo users to shop on its e-commerce platforms (Alibaba and Weibo may share back-stage user support). Given that WeChat has been the top competitor of Weibo— the fast growing WeChat popularity have negatively affected Weibo's user activities in the past few quarters, Alibaba's business preference will likely help Weibo recoup market share, starting from online shopping.”SINA Corporation closed on Wednesday at $73.60.
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