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.
- Cowen published a report sharing some conclusions from its December Casual Digital Gaming Monthly (CDGM) survey on Thursday.
- According to analysts Doug Creutz and Stephen Glagola, the data indicated “little change in positioning among the top mobile game publishers.”
- In addition, the experts highlighted Electronic Arts Inc. (NASDAQ: EA) as appearing well-positioned for a “big” quarter in mobile.
In a report issued Thursday, analysts at Cowen shared some conclusions from the firm’s December Casual Digital Gaming Monthly survey, which suggested positioning among the main mobile game publishers remains virtually unchanged. The experts believe the industry will consolidate, as increasing customer acquisition costs create higher barriers to entry.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The note continued, stating the analysts think the winning companies will likely be those with differentiated product portfolios. The report reiterated preference for Activision Blizzard, Inc. (NASDAQ: ATVI), which has plans to acquire King Digital Entertainment PLC (NYSE: KING).
Set For A ‘Big’ Quarter
According to Cowen’s research note, Electronic Arts' share rankings rose across the board, driven by robustness from "Star Wars: Galaxy Heroes" and "Madden NFL Mobile." Remarkably, "Madden NFL Mobile" displaced "Candy Crush Saga" from the third spot on iPhone in December.
In fact, the analysts calculate Electronic Arts may have seen ~50 percent sequential mobile revenue growth in its third fiscal quarter – results will be announced on January 26.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Image Credit: "EA Building RedwoodShores" by Eliot Lash - Own work. Licensed under CC BY-SA 3.0 via Wikimedia Commons.
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.