Latest news for FRNT Finl (OTC:FRFLF) Stock

FRNT Financial Inc is a next-generation institutional sales and trading platform. The company aims to offer new opportunities to permitted clients and institutional investors while maintaining a lean, technology-driven operation. It is focused on providing expertise and products that help institutional clients gain access to cryptocurrency trade opportunities. It has one segment focused around developing and offering its capital market trading platform to institutional investors.

FRNT Financial Inc

WIIM

Psyence Biomedical shares are trading lower after the company announced a $2M private placement.

RBC Capital analyst Jon Arfstrom reiterates Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Outperform and maintains $20 price target.

News

Price Target

Reiteration

Analyst Ratings

HBAN

RBC Capital Reiterates Outperform on Huntington Bancshares, Maintains $20 Price Target

CleanSpark Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) shares are bouncing around Monday morning. The company announced it surpassed its year-end operating hashrate guidance and <a href="https://www.benzinga.com/pressreleases/24/12/n42644639/cleanspark-exceeds-2024-year-end-guidance-of-37-ehs-and-accelerates-2025-guidance">accelerated its outlook for 2025</a>. 
What Happened: CleanSpark said it has achieved and exceeded the previously announced year-end target of 37 EH/s and now has 37.5 EH/s of operating hashrate after its newest data centers in Tennessee and Wyoming were energized last week. The company expects to exceed 50 EH/s in the first half of 2025.
CleanSpark noted that fleet efficiency has reached 17.7 J/Th and is expected to improve as the company continues its strategic growth plans. 
CleanSpark expects to achieve its growth targets through a mix of greenfield infrastructure development, organic growth via existing site expansion and strategic M&amp;A. All growth is expected to be funded with a portion of the proceeds of the company&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42558246/cleanspark-is-outpacing-bitcoin-mining-peers-wednesday-whats-going-on">most recent offering</a>.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42644568/institutional-crypto-adoption-for-real-this-time-says-messari">Institutional Crypto Adoption &#8216;For Real This Time,&#8217; Says Messari</a>
&#8220;Our teams have been hard at work throughout the entirety of this past year. We have delivered on our ambitious targets and expanded our hashrate nearly&nbsp;300%&nbsp;since the beginning of 2024. Achieving 37.5 EH/s with a fleet efficiency of 17.7 J/Th is a significant milestone, and we intend to continue adding highly efficient hashrate through the end of the year and into 2025,&#8221; said Zach Bradford, CEO and president of CleanSpark.
&#8220;Our growth and efficiency have resulted in a&nbsp;bitcoin&nbsp;treasury balance quickly approaching 10,000&nbsp;bitcoin, all of which we have mined. As we look to 2025, we intend to remain focused on&nbsp;bitcoin&nbsp;and mining efficiently utilizing operational excellence at scale.&#8221;
CleanSpark shares initially traded higher when the company announced the operating update. The stock began moving lower as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded lower early Monday. Bitcoin was down about 2.12% over a 24-hour period, trading around $94,950 at the time of publication.
CLSK Price Action: <a href="http://benzinga.com/quote/clsk">CleanSpark shares</a> were down 1.26% at $11.00 at the time of publication Monday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Guidance

Movers

$BTC

CLSK

What's Going On With CleanSpark Stock Monday?

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector.
<h3 class="wp-block-heading">Omega Healthcare Investors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OHI#NYSE">OHI</a>)</h3>
<ul>
<li>Dividend Yield: 7.08%</li>
<li>Wells Fargo analyst Connor Siversky assumed an Overweight rating and raised the price target from $40 to $43 on Oct. 1. This analyst has an accuracy rate of 65%.</li>
<li>Truist Securities analyst Michael Lewis maintained a Hold rating and raised the price target from $33 to $39 on Sept. 4. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On Oct. 30, Omega Healthcare Investors reported better-than-expected third-quarter financial results and raised its FY24 adjusted FFO guidance.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">latest OHI news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="910" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085216/image-188.png" alt="" class="wp-image-704244" style="width:688px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085216/image-188.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085216/image-188-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085216/image-188-768x709.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">OUTFRONT Media Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUT#NYSE">OUT</a>)</h3>
<ul>
<li>Dividend Yield: 6.60%</li>
<li>Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and raised the price target from $17 to $18 on Dec. 18. This analyst has an accuracy rate of 76%.</li>
<li>Barrington Research analyst James Goss maintained an Outperform rating with a price target of $21 on Nov. 13. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On Nov. 12, Outfront Media posted mixed quarterly results.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">latest OUT news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="892" height="833" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085251/image-189.png" alt="" class="wp-image-704245" style="width:575px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085251/image-189.png 892w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085251/image-189-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085251/image-189-768x717.png 768w" sizes="(max-width: 892px) 100vw, 892px" /></a></figure>
<h3 class="wp-block-heading">LTC Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTC#NYSE">LTC</a>)</h3>
<ul>
<li>Dividend Yield: 6.50%</li>
<li>Wells Fargo analyst Connor Siversky assumed an Equal-Weight rating and raised the price target from $36 to $37 on Oct. 1. This analyst has an accuracy rate of 65%.</li>
<li>Wedbush analyst Richard Anderson reiterated an Outperform rating and a price target of $40 on Sept. 20. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: LTC named Wendy Simpson Executive Chairman Of The Board, promoted Pam Kessler and Clint Malin to co-Chief Executive Officers, and Cece Chikhale Tto Chief Financial Officer, effective Dec. 31.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"> trend in LTC stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085334/image-190.png" alt="" class="wp-image-704248" style="width:623px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085334/image-190.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085334/image-190-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23085334/image-190-768x716.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42616196/jim-cramer-likes-walmart-recommends-buying-this-very-very-good-financial-stock">Jim Cramer Likes Walmart, Recommends Buying This &#8216;Very, Very Good&#8217; Financial Stock</a></li>
</ul>

Dividends

Pre-Market Outlook

Markets

Trading Ideas

Wall Street's Most Accurate Analysts Spotlight On 3 Real Estate Stocks Delivering High-Dividend Yields

XBIT

Trading Halt: Halted at 8:55:10 a.m. ET - Trading Halt: Halt News Pending

Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) shares are trading higher premarket on Monday. On Sunday, the company disclosed securing around <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42639115/faraday-future-secures-30-million-financing-to-strengthen-the-companys-core-business-and-continued" rel="noreferrer noopener">$30 million in cash financing commitments</a>.
The financing comprises $7.5 million pre-funded in the fourth quarter of 2024 and $22.5 million in new cash commitments structured as unsecured convertible notes and warrants.
The Convertible Notes have a conversion price of $1.16 per share, while the Warrants are exercisable at $1.392 per share, subject to adjustments.
The underlying shares are currently unregistered and not immediately tradable. The financing remains subject to customary closing conditions.
The funds will support the development of Faraday X (FX). The company is targeting the mainstream U.S. EV market with plans to deliver its first two FX prototype mules to Los Angeles later this month.
Product development and testing will commence at the company's Hanford, CA, manufacturing facility.
FFIE CEO Matthias Aydt said, "The new funding lays a solid foundation for both FF and its new brand as the Company approaches the end of 2024 and enters the new year."
"I am optimistic about the opportunities that this new funding will bring, including supporting the ongoing production of our FF 91 2.0 and the growth of the FX brand."
Last month, the company announced the launch of a development phase after its first FX <a target="_blank" href="https://www.benzinga.com/news/global/24/11/42092678/whats-going-on-with-faraday-future-intelligent-electric-stock" rel="noreferrer noopener">prototypes&nbsp;arrived at its headquarters</a>.
Price Action: FFIE shares are up 12.07% at $1.3000 premarket at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41541997/revving-up-in-the-middle-east-faradays-new-uae-headquarters-solidifies-ev-expansion-strategy" target="_blank" rel="noreferrer noopener">Revving Up In The Middle East: Faraday's New UAE Headquarters Solidifies EV Expansion Strategy</a></li>
</ul>
Photo Courtesy of Faraday Future Intelligent Electric

Equities

Financing

Small Cap

FFIE

Why Is Faraday Future Intelligent Electric Trading Higher On Monday?

IKNA

Trading Halt: Halt status updated at 8:55:00 AM ET: Quotation Resumption: News and Resumption Times

AILE

iLearningEngines shares are trading lower after the company announced it voluntarily filed for Chapter 11 Bankruptcy,

RBC Capital analyst Gregory Renza reiterates Jasper Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JSPR#NASDAQ">JSPR</a>) with a Outperform and maintains $68 price target.

Jasper Therapeutics, Inc. - Class A Common Stock

JSPR

RBC Capital Reiterates Outperform on Jasper Therapeutics, Maintains $68 Price Target

Truist Securities analyst Michael Lewis maintains National Health Investors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NHI#NYSE">NHI</a>) with a Hold and lowers the price target from $78 to $72.

Truist Securities Maintains Hold on National Health Investors, Lowers Price Target to $72

RAPT

RAPT Therapeutics shares are trading higher after the company announced a partnership with Shanghai Jemincare Pharmaceutical for an exclusive license agreement to develop and commercialize RPT904, a novel anti-IgE monoclonal antibody.

Macro Economic Events

Econ #s

Economics

USA Core Durable Goods Orders (MoM) For November -0.1% Vs 0.2% Prior

RBC Capital analyst Steven Shemesh reiterates Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) with a Outperform and maintains $130 price target.

OLLI

RBC Capital Reiterates Outperform on Ollie's Bargain Outlet, Maintains $130 Price Target

USA Durables Excluding Defense (MoM) For November -0.3% Vs 0.5% Prior

U.S. stocks settled higher on Friday, with the Dow Jones index surging almost 500 points during the session.
Even as the major indices recorded gains on Friday, all three averages fell last week. The Dow dipped around 2.3% to record its third losing week in a row. The S&amp;P 500 declined about 2%, while the Nasdaq Composite fell around 1.8% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Jay McCanless
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Reiterated a Neutral rating on Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a price target of $164 on Dec. 19. This analyst sees around 19% upside in the stock.</li>
<li>Recent News: On Dec. 18, Lennar reported worse-than-expected fourth-quarter financial results.</li>
</ul>
Analyst: Andres Sheppard
<ul>
<li>Analyst Firm: Cantor Fitzgerald</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained an Overweight rating on Archer Aviation Inc. &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) and raised the price target from $10 to $13 on Dec. 18. This analyst sees around 34% upside in the stock.</li>
<li>Recent News: On Dec. 12, Archer announced a partnership with Anduril to develop hybrid VTOL military aircraft and reported raising an additional $430 million in equity capital.</li>
</ul>
Analyst: Doug Anmuth 
<ul>
<li>Analyst Firm: JP Morgan</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained an Overweight rating on Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and raised the price target from $250 to $280 on Dec. 18. This analyst sees around 24% upside in the stock.</li>
<li>Recent News: Amid peak holiday shopping, Amazon.com recently announced that its operations will remain unaffected despite a strike initiated by workers at seven of its U.S. facilities.</li>
</ul>
Analyst: Jessica Reif Ehrlich
<ul>
<li>Analyst Firm: B of A Securities</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Buy rating on Fox Corporation &nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) and increased the price target from $50 to $55 on Dec. 18. This analyst sees around 11% surge in the stock.</li>
<li>Recent News: On Dec. 17, Fox announced its digital presence reached 2.4 billion total multiplatform views in November.</li>
</ul>
Analyst: Aaron Rakers
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) and decreased the price target from $175 to $140 on Dec. 19. This analyst sees around 55% upside in the stock.</li>
<li>Recent News: On Dec. 18, Micron reported first-quarter revenue of $8.71 billion, missing the consensus estimate of $8.72 billion.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42616196/jim-cramer-likes-walmart-recommends-buying-this-very-very-good-financial-stock">Jim Cramer Likes Walmart, Recommends Buying This &#8216;Very, Very Good&#8217; Financial Stock</a></li>
</ul>

Long Ideas

ACHR

AMZN

FOXA

This Analyst With 86% Accuracy Rate Sees Around 24% Upside In Amazon.com - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Macro Notification

General

USA Durable Goods Orders (MoM) For November -1.1% Vs 0.3% Prior

Truist Securities analyst Jamie Cook reiterates AGCO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGCO#NYSE">AGCO</a>) with a Buy and lowers the price target from $116 to $109.

AGCO

Truist Securities Reiterates Buy on AGCO, Lowers Price Target to $109

GTBP

GT Biopharma shares are trading higher. Roth MKM initiated coverage on the stock with a Buy rating and set its price target at $11.

Agnico Eagle Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/AEM#TSX">AEM</a>)&nbsp;("Agnico Eagle") announced today that it has completed a transaction with ONGold Resources Ltd. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/ONAU#TSXV">ONAU</a>) ("ONGold") which resulted in Agnico Eagle acquiring 8,700,000 common shares ("Common Shares") of ONGold.
On November 25, 2024, Yamana Gold Ontario Inc. ("Yamana"), a wholly-owned subsidiary of Agnico Eagle, and 10215825 Manitoba Ltd. (the "Buyer"), a wholly-owned subsidiary of ONGold, entered into an asset purchase agreement, pursuant to which the Buyer agreed to purchase certain assets from Yamana in exchange for, among other things, the issuance of Common Shares to Agnico Eagle (the "Transaction"). On December 20, 2024, the Transaction was completed, which resulted in Agnico Eagle acquiring 8,700,000 Common Shares.
Agnico Eagle currently owns 8,700,000 Common Shares, representing approximately 15.0% of the issued and outstanding Common Shares on a non-diluted basis. Prior to the closing of the Transaction, Agnico Eagle did not own any Common Shares.
In connection with closing of the Transaction, Agnico Eagle and ONGold entered into an investor rights agreement pursuant to which ONGold granted Agnico Eagle certain rights, provided that Agnico Eagle maintains certain ownership thresholds in ONGold, including: (a) the right to participate in equity financings and top-up its holdings in relation to dilutive issuances in order to maintain its pro rata ownership interest in ONGold at the time of such financing or acquire up to a 19.99% ownership interest in ONGold; and (b) the right (which Agnico Eagle has no present intention of exercising) to nominate one person (and in the case of an increase in the size of the board of directors of ONGold to eight or more directors, two persons) to the board of directors of ONGold.

TSX:AEM

TSXV:ONAU

Agnico Eagle Acquires 8.7M Shares Of ONGold, Secures 15% Stake; Granted Rights To Boost Holdings Up To 19.99%

<a href="https://www.globenewswire.com/Tracker?data=3IO2gUzW7Cw-Q-FQqDZQbgLiiQ15aDUo_4CXaPHofKgijz46bDoLlvDH-Fk4Z6ygMULR9uH-DRpTw3HQ5bSqk1TB6EK6oPj8GjxiZBN4BQc=">OptimizeRx Corp.</a> (the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRX#NASDAQ">OPRX</a>), a leading provider of healthcare technology solutions helping life sciences companies reach and engage healthcare professionals (HCPs) and patients, today announced that William J. Febbo, Chief Executive Officer (CEO) and Board Member, will be departing the Company, effective as of December 31, 2024, to pursue other opportunities. Mr. Febbo will provide the Company with advisory services through March 31, 2025. The Company's Board of Directors has retained a search firm to assist in this transition.

Management

OPRX

OptimizeRx CEO William Febbo To Depart, Announces Appointment Of Stephen Silvestro As Interim CEO, Effective As Of December 31, 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The surge in meme coins has prompted plenty of debate in both crypto circles as well as among more conservative investors. Indeed, the <a href="https://twitter.com/TheStalwart/status/1766868841332637850?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1766868841332637850%7Ctwgr%5Eccfe9d6a502e54a519cd8f932ab8e61140f5af49%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cryptotimes.io%2F2024%2F03%2F11%2Fmeme-coin-mania-speculation-vs-opportunity%2F">unique appeal</a> these tokens have for investors looking for high-risk, high-reward bets has many speculators and traders attracted to these assets. Most conservative investors tend to view these tokens as not worth investing in. In many respects, I find myself in this camp.



That said, there&rsquo;s no denying the sort of impact Bitcoin&rsquo;s (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) recent rise has had on all digital assets. Meme tokens are surging, and the meme mania we saw in 2021 appears to be back in full force.



For those who may be looking for signs that this mania can continue, let&rsquo;s dive into what signs exist that suggest it is as rampant as many suggest right now.



<h2>Capital Inflows Into ETFs Are Soaring</h2>



In the recent crypto frenzy, an astounding <a href="https://www.linkedin.com/pulse/crypto-mania-fuels-record-inflows-520-million-floods-blackrock-lloyd-toa3e?trk=article-ssr-frontend-pulse_more-articles_related-content-card">$520 million flooded</a> into BlackRock&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/blk-stock-quote/">BLK</a>) Bitcoin ETF in one day, fueling the digital currency&rsquo;s surge past $72,000. The influx into the fund underscores the significant role ETFs play in Bitcoin&rsquo;s soaring rally, attracting a diverse group of investors. The influx of capital broadened access to Bitcoin, aligning with predictions and providing new investment opportunities for various market players.



Stephane Ouellette, CEO of FRNT Financial (OTCMKTS:<a href="https://investorplace.com/stock-quotes/frflf-stock-quote/">FRFLF</a>), <a href="https://fortune.com/2024/02/28/what-is-price-of-bitcoin-etf-blackrock-record-high/">noted the significant impact</a> of BTC ETFs on the rally. Around 20% of investment advisers had approval to include the product, a process expected to unfold over a year. Now sitting at $69,000, it took about five days for the token to reach its two-year peak and close the gap between its all-time high. The vigorous activity caused outages at crypto exchange Coinbase (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/">COIN</a>) and signaled just how impressive institutional investor interest is in digital assets.



Bitcoin has surged over 55% year-to-date, outperforming other assets, even after its remarkable rise last year. According to JPMorgan (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) strategists, including Kenneth Worthington, the approval of new funds contributed significantly to its 2023 surge. In tandem with Bitcoin&rsquo;s rally, the $6.5 billion IBIT has witnessed 32 consecutive days of inflows. 



At the same time, Fidelity&rsquo;s FBTC has also <a href="https://fortune.com/2024/03/03/bitcoin-etf-mania-blackrock-fidelity/">seen consistent daily inflows since its launch,</a> accumulating $4.48 billion in net inflows overall. These inflows underscore the increasing demand for spot Bitcoin ETFs, emphasizing the appeal of trading assets through ETFs and the longstanding investor interest in Bitcoin funds.



It&rsquo;s unclear how much of the interest around higher-risk and more speculative meme coins is being driven by institutional investors. But with more capital flowing into this sector and greater liquidity seen on various exchanges, it&rsquo;s a broadly bullish sign mainstream investors are catching onto the crypto trade. For meme coin traders and speculators, that&rsquo;s a good thing.



<h2>Simple Price Appreciation From the Top Down</h2>



Bitcoin has <a href="https://qz.com/bitcoin-price-record-halving-event-etfs-1851304695">continued to surge to record highs</a> ahead of its upcoming halving event, surging above $72,000 for the first time this week. I would argue this incredible momentum seen from the world&rsquo;s largest cryptocurrency is driving top-down interest for all cryptocurrencies right now. 



As Bitcoin and other mega-cap cryptos continue to surge, investor interest in other high-growth digital assets continues to grow. We&rsquo;re seeing pretty broad-based positive moves in this space, suggestive of the idea that capital is flowing to all corners of the crypto market. For meme coin investors, this flood of interest has certainly been a good thing.



Now, not all investors will want to move out on the risk spectrum to the corner of the market that meme coins occupy. Indeed, these assets are best viewed as trading and speculative vehicles. Accordingly, the ties between this sort of top-down behavior may be weak, at best.



But I think it&rsquo;s true that there&rsquo;s something to the idea that &ldquo;crypto go up&rdquo; reflects some of the broad-based sentiment driving these meme coins higher right now. It&rsquo;s party on, and meme coin investors are partying the hardest right now.



<h2>Leveraged Short Liquidations</h2>



Some of the recent volatility we&rsquo;ve seen across the board in the crypto sector can certainly be tied to buying and selling activity in this space. Indeed, that&rsquo;s what moves most markets, though leveraged positions play a role in shaping how quickly a given asset moves (its volatility). In the crypto world, leverage is rampant, and it&rsquo;s partly what makes these assets so darn volatile over short timeframes.



Recent data from <a href="https://www.coinglass.com">Coinglass</a> shows just how rampant this leverage has been across various digital assets. Short liquidations have exceeded long liquidations during this recent rally, meaning short-sellers are seeing their leveraged bets blow up. This leads to higher prices, spurring further short liquidations and an upward spiral in prices.



To a large degree, these sorts of liquidations are a key driver many investors aren&rsquo;t necessarily focused on. Yes, there&rsquo;s a flood of capital coming into this sector. But when traders are levering up their positions up to 100x, near-term moves can be significant, especially when these bets unwind.



<h2>Bottom Line on Meme Coins</h2>



I&rsquo;m remaining on the sidelines for now when it comes to meme coins. I&rsquo;m going to acknowledge that meme coin mania is alive and well, and wish all speculators and traders well. But this just isn&rsquo;t an asset class for investors who value capital preservation. So, take out the popcorn and enjoy the action. This year is shaping up to be an interesting one, that&rsquo;s for sure.



On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/03/crypto-trends-2024-3-signs-that-meme-coin-mania-is-back/">Crypto Trends 2024: 3 Signs That Meme Coin Mania Is Back</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Crypto Trends 2024: 3 Signs That Meme Coin Mania Is Back

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The surge in meme coins has prompted plenty of debate in both crypto circles as well as among more conservative investors. Indeed, the <a href="https://twitter.com/TheStalwart/status/1766868841332637850?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1766868841332637850%7Ctwgr%5Eccfe9d6a502e54a519cd8f932ab8e61140f5af49%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cryptotimes.io%2F2024%2F03%2F11%2Fmeme-coin-mania-speculation-vs-opportunity%2F">unique appeal</a> these tokens have for investors looking for high-risk, high-reward bets has many speculators and traders attracted to these assets. Most conservative investors tend to view these tokens as not worth investing in. In many respects, I find myself in this camp.



That said, there&rsquo;s no denying the sort of impact Bitcoin&rsquo;s (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) recent rise has had on all digital assets. Meme tokens are surging, and the meme mania we saw in 2021 appears to be back in full force.



For those who may be looking for signs that this mania can continue, let&rsquo;s dive into what signs exist that suggest it is as rampant as many suggest right now.



<h2>Capital Inflows Into ETFs Are Soaring</h2>



In the recent crypto frenzy, an astounding <a href="https://www.linkedin.com/pulse/crypto-mania-fuels-record-inflows-520-million-floods-blackrock-lloyd-toa3e?trk=article-ssr-frontend-pulse_more-articles_related-content-card">$520 million flooded</a> into BlackRock&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/blk-stock-quote/">BLK</a>) Bitcoin ETF in one day, fueling the digital currency&rsquo;s surge past $72,000. The influx into the fund underscores the significant role ETFs play in Bitcoin&rsquo;s soaring rally, attracting a diverse group of investors. The influx of capital broadened access to Bitcoin, aligning with predictions and providing new investment opportunities for various market players.



Stephane Ouellette, CEO of FRNT Financial (OTCMKTS:<a href="https://investorplace.com/stock-quotes/frflf-stock-quote/">FRFLF</a>), <a href="https://fortune.com/2024/02/28/what-is-price-of-bitcoin-etf-blackrock-record-high/">noted the significant impact</a> of BTC ETFs on the rally. Around 20% of investment advisers had approval to include the product, a process expected to unfold over a year. Now sitting at $69,000, it took about five days for the token to reach its two-year peak and close the gap between its all-time high. The vigorous activity caused outages at crypto exchange Coinbase (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/">COIN</a>) and signaled just how impressive institutional investor interest is in digital assets.



Bitcoin has surged over 55% year-to-date, outperforming other assets, even after its remarkable rise last year. According to JPMorgan (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) strategists, including Kenneth Worthington, the approval of new funds contributed significantly to its 2023 surge. In tandem with Bitcoin&rsquo;s rally, the $6.5 billion IBIT has witnessed 32 consecutive days of inflows. 



At the same time, Fidelity&rsquo;s FBTC has also <a href="https://fortune.com/2024/03/03/bitcoin-etf-mania-blackrock-fidelity/">seen consistent daily inflows since its launch,</a> accumulating $4.48 billion in net inflows overall. These inflows underscore the increasing demand for spot Bitcoin ETFs, emphasizing the appeal of trading assets through ETFs and the longstanding investor interest in Bitcoin funds.



It&rsquo;s unclear how much of the interest around higher-risk and more speculative meme coins is being driven by institutional investors. But with more capital flowing into this sector and greater liquidity seen on various exchanges, it&rsquo;s a broadly bullish sign mainstream investors are catching onto the crypto trade. For meme coin traders and speculators, that&rsquo;s a good thing.



<h2>Simple Price Appreciation From the Top Down</h2>



Bitcoin has <a href="https://qz.com/bitcoin-price-record-halving-event-etfs-1851304695">continued to surge to record highs</a> ahead of its upcoming halving event, surging above $72,000 for the first time this week. I would argue this incredible momentum seen from the world&rsquo;s largest cryptocurrency is driving top-down interest for all cryptocurrencies right now. 



As Bitcoin and other mega-cap cryptos continue to surge, investor interest in other high-growth digital assets continues to grow. We&rsquo;re seeing pretty broad-based positive moves in this space, suggestive of the idea that capital is flowing to all corners of the crypto market. For meme coin investors, this flood of interest has certainly been a good thing.



Now, not all investors will want to move out on the risk spectrum to the corner of the market that meme coins occupy. Indeed, these assets are best viewed as trading and speculative vehicles. Accordingly, the ties between this sort of top-down behavior may be weak, at best.



But I think it&rsquo;s true that there&rsquo;s something to the idea that &ldquo;crypto go up&rdquo; reflects some of the broad-based sentiment driving these meme coins higher right now. It&rsquo;s party on, and meme coin investors are partying the hardest right now.



<h2>Leveraged Short Liquidations</h2>



Some of the recent volatility we&rsquo;ve seen across the board in the crypto sector can certainly be tied to buying and selling activity in this space. Indeed, that&rsquo;s what moves most markets, though leveraged positions play a role in shaping how quickly a given asset moves (its volatility). In the crypto world, leverage is rampant, and it&rsquo;s partly what makes these assets so darn volatile over short timeframes.



Recent data from <a href="https://www.coinglass.com">Coinglass</a> shows just how rampant this leverage has been across various digital assets. Short liquidations have exceeded long liquidations during this recent rally, meaning short-sellers are seeing their leveraged bets blow up. This leads to higher prices, spurring further short liquidations and an upward spiral in prices.



To a large degree, these sorts of liquidations are a key driver many investors aren&rsquo;t necessarily focused on. Yes, there&rsquo;s a flood of capital coming into this sector. But when traders are levering up their positions up to 100x, near-term moves can be significant, especially when these bets unwind.



<h2>Bottom Line on Meme Coins</h2>



I&rsquo;m remaining on the sidelines for now when it comes to meme coins. I&rsquo;m going to acknowledge that meme coin mania is alive and well, and wish all speculators and traders well. But this just isn&rsquo;t an asset class for investors who value capital preservation. So, take out the popcorn and enjoy the action. This year is shaping up to be an interesting one, that&rsquo;s for sure.



On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/03/crypto-trends-2024-3-signs-that-meme-coin-mania-is-back/">Crypto Trends 2024: 3 Signs That Meme Coin Mania Is Back</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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