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.
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Udall "can't believe how high that stock is trading now," but he said it belongs to another group that has not corrected yet. That group includes Electronic Arts Inc. (NASDAQ: EA) and Take-Two Interactive Software, Inc. (NASDAQ: TTWO), both of which are trading up this year."We'll see if that can continue," Udall added. "The next big title is probably going to be 'Star Wars'-related. This could put a crimp in some of the other companies."All of the new "Star Wars" games -- including "Star Wars: Battlefront" -- are being developed by Electronic Arts.As for Activision, Udall is looking ahead to the next generation."Imagine what these guys could do if we get a VR-type system in the future," he said.More Durable Than Zynga
Global Equities Research analyst Trip Chowdhry had high praise for Activision."I think this is a durable company," Chowdhry told Benzinga. "It's not like Zynga, which was built on concepts. It's a durable business. It's not a fly-by-night like many companies that came into being [recently]."Chowdhry said a correction could happen but believes that would offer a buying opportunity to investors.Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.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.
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