Connect with us

3 Blockchain Penny Stocks to Watch as Crypto Pushes Up in June

Crypto penny stocks are pushing up again, which ones are you watching?
The post 3 Blockchain Penny Stocks to Watch as Crypto Pushes Up in June appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Published

on

Why These 3 Crypto Penny Stocks Are Popular Right Now

Penny stocks operating in the crypto or blockchain market have become incredibly popular this year. In case you are not aware, these are companies that operate in either the production of blockchain tech, crypto mining, software, or anything relating to these categories. Over the past year, many have seen large price surges that have astonished investors.

There are a couple of reasons why blockchain penny stocks are so popular right now. First, with platforms such as Coinbase (NASDAQ: COIN), it has never been easier to get involved with crypto investing. With easier accessibility, now even the most novice traders can buy in. The next reason is that our world is slowly progressing into new uses for this technology. Some believe that one-day cryptocurrency could be the global system of transferring money and trading.

Currently, many banks and even hedge funds have taken positions with crypto. This has served to further legitimize cryptocurrency and blockchain technology. However, be aware that penny stocks engaging in crypto are subject to high volatility. High volatility can, however, be used as a short-term financial tool for many investors. With high speculation likely in the coming years, businesses are scaling up to match the hype.

Investing in Crypto Penny Stocks

By not fully buying into crypto’s such as Bitcoin, Ethereum, or DogeCoin, investing in crypto-related penny stocks is a less exposure option. This permits investors to have exposure to the crypto market excitement without taking on the same amount of risk that is often associated.

The most exposed crypto penny stocks are those that mine for coins. There are few of these, however, they do exist. The next ones to look at are those that work with blockchain technology or rather, ones that produce it. These are usually known as tech penny stocks however, they remain quite broad.

[Read More] Best Penny Stocks To Buy Now? 3 Reddit Stocks To Watch After AMC Pop

Mining is the act of using machines to collect Bitcoin, DogeCoin, Ethereum, Litecoin, and many others. There are large mining farms that use a lot of these machines to do so, as it is no easy task. Many businesses engaging in mining are often highly sought after, as they can have a high profit margin.

A more involved company usually tends to swing more with crypto prices than those less involved. This year, knowing what these companies do and how to trade them can be a great asset. Taking this all into account, here are three crypto penny stocks to add to your June watchlist.

3 Crypto Penny Stocks To Add Right Now:

Sos Ltd. ADR (NYSE: SOS)

Considering the recent rise in blockchain technology, SOS Limited is a company to check out. It deals directly with this new tech and specifically engages with big data accumulation and cloud network computing. As a business, it provides its customers with security for their data and information. Its clientele consists of emergency rescue services such as insurance, medical, auto, and financial care businesses.

Recently, SOS has also agreed to purchase 575 additional Ethrereum mining rigs. This will go to increasing profit margins for the company, as well as future expansion. By improving the company’s ETH hash rate, there is positive speculation on how much it can mine in the near future. Considering this, SOS stock could be one to keep an eye on.

As 2021 continues to progress, digital currencies and those companies engaging in crypto/blockchain technologies have an exciting future. Yandai Wang, CEO of SOS, commented: “We are optimistic about the future of cryptocurrencies and Ethereum in particular. This is part of our overall strategy to develop blockchain-based environments and services, which will be a core part of our growth in 2021 and beyond.”

ZW Data Action Technologies Inc (NASDAQ: CNET)

Another blockchain-related company is ZW Data Action Tech. This company engages in digital chain data analytics to help optimize client performance. This modern methodology takes a cloud-based approach to the blockchain ecosystem.

Its platform was developed in order to track and later provide data-based analysis for business marketing, operations, and consumption. By providing this information, the client can then tell where there could be improvement opportunities. This goes to help improve decision-making for small and medium-sized companies.

[Read More] 4 Crypto Penny Stocks to Watch Under $5 Right Now

In a competitive market, like we see today, CNET is giving an opportunity to those that need an advantage. It serves both domestic and international markets, vastly broadening its reach. Additionally, it has proven case studies that show its precision advertising and marketing services at work. These case studies also show that revenue growth is very possible for those who use its services.

Serving more than 3,000 customers worldwide, CNET has grown to a size of around 500 employees. Its annual revenue exceeds $30 million due to its success with small and medium enterprises. ZW Data states that it takes offline business online using its SaaS service. Given this information, what do you think of this blockchain penny stock? Is it worthy of being on your June watchlist?

Penny_Stocks_to_Watch_ZW Data Action Technologies Inc. (CNET Stock Chart)

Borqs Technologies Inc. (NASDAQ: BRQS)

Borqs Technologies is the last crypto penny stock on this list. It is a leader in both software and products for IoT and operates through customizable and scalable Android-based smart devices. Additionally, BRQS provides cloud computing services for system optimization and increased performance.

See: How To Trade Penny Stocks

Currently, the company is in recovery from COVID-19 related financial troubles. However, shares have grown substantially in the past week. In 2021 BRQS decided to funnel a large amount of capital from new and existing customers into the “Huzhou 5G Project” research and development center. With 5G on the rise, its engagement in this new tech could be a lucrative decision. While being a 5G penny stock is not its only claim to fame, it could become a larger part of its business model soon.

It has a diverse software and IP portfolio and has developed an intellectual property library that covers chipset software, Android enhancements, domain-specific usage, and system performance optimization. This can be applied to both small and large volume products. With this in mind, investors may want to keep an eye on BRQS stock in the coming months.

Penny_Stocks_to_Watch_Borqs Technologies Inc. (BRQS Stock Chart)

Blockchain Penny Stocks Are All the Rage Right Now

Blockchain penny stocks continue to see increased popularity right now. This is due to a variety of reasons including the increased price of cryptocurrencies like Bitcoin, DogeCoin, Ethereum, and more, as well as the influence of Reddit and meme stocks on the crypto world.

[Read More] 4 Hot Penny Stocks For Your Reopening Watch List In June 2021

While these penny stocks can be extremely volatile, understanding your investment strategy will always help to stay ahead of the game. With all of this in mind, which blockchain penny stocks are you watching right now?

The post 3 Blockchain Penny Stocks to Watch as Crypto Pushes Up in June appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Continue Reading

International

There will soon be one million seats on this popular Amtrak route

“More people are taking the train than ever before,” says Amtrak’s Executive Vice President.

Published

on

While the size of the United States makes it hard for it to compete with the inter-city train access available in places like Japan and many European countries, Amtrak trains are a very popular transportation option in certain pockets of the country — so much so that the country’s national railway company is expanding its Northeast Corridor by more than one million seats.

Related: This is what it's like to take a 19-hour train from New York to Chicago

Running from Boston all the way south to Washington, D.C., the route is one of the most popular as it passes through the most densely populated part of the country and serves as a commuter train for those who need to go between East Coast cities such as New York and Philadelphia for business.

Veronika Bondarenko captured this photo of New York’s Moynihan Train Hall. 

Veronika Bondarenko

Amtrak launches new routes, promises travelers ‘additional travel options’

Earlier this month, Amtrak announced that it was adding four additional Northeastern routes to its schedule — two more routes between New York’s Penn Station and Union Station in Washington, D.C. on the weekend, a new early-morning weekday route between New York and Philadelphia’s William H. Gray III 30th Street Station and a weekend route between Philadelphia and Boston’s South Station.

More Travel:

According to Amtrak, these additions will increase Northeast Corridor’s service by 20% on the weekdays and 10% on the weekends for a total of one million additional seats when counted by how many will ride the corridor over the year.

“More people are taking the train than ever before and we’re proud to offer our customers additional travel options when they ride with us on the Northeast Regional,” Amtrak Executive Vice President and Chief Commercial Officer Eliot Hamlisch said in a statement on the new routes. “The Northeast Regional gets you where you want to go comfortably, conveniently and sustainably as you breeze past traffic on I-95 for a more enjoyable travel experience.”

Here are some of the other Amtrak changes you can expect to see

Amtrak also said that, in the 2023 financial year, the Northeast Corridor had nearly 9.2 million riders — 8% more than it had pre-pandemic and a 29% increase from 2022. The higher demand, particularly during both off-peak hours and the time when many business travelers use to get to work, is pushing Amtrak to invest into this corridor in particular.

To reach more customers, Amtrak has also made several changes to both its routes and pricing system. In the fall of 2023, it introduced a type of new “Night Owl Fare” — if traveling during very late or very early hours, one can go between cities like New York and Philadelphia or Philadelphia and Washington. D.C. for $5 to $15.

As travel on the same routes during peak hours can reach as much as $300, this was a deliberate move to reach those who have the flexibility of time and might have otherwise preferred more affordable methods of transportation such as the bus. After seeing strong uptake, Amtrak added this type of fare to more Boston routes.

The largest distances, such as the ones between Boston and New York or New York and Washington, are available at the lowest rate for $20.

Read More

Continue Reading

International

The next pandemic? It’s already here for Earth’s wildlife

Bird flu is decimating species already threatened by climate change and habitat loss.

I am a conservation biologist who studies emerging infectious diseases. When people ask me what I think the next pandemic will be I often say that we are in the midst of one – it’s just afflicting a great many species more than ours.

I am referring to the highly pathogenic strain of avian influenza H5N1 (HPAI H5N1), otherwise known as bird flu, which has killed millions of birds and unknown numbers of mammals, particularly during the past three years.

This is the strain that emerged in domestic geese in China in 1997 and quickly jumped to humans in south-east Asia with a mortality rate of around 40-50%. My research group encountered the virus when it killed a mammal, an endangered Owston’s palm civet, in a captive breeding programme in Cuc Phuong National Park Vietnam in 2005.

How these animals caught bird flu was never confirmed. Their diet is mainly earthworms, so they had not been infected by eating diseased poultry like many captive tigers in the region.

This discovery prompted us to collate all confirmed reports of fatal infection with bird flu to assess just how broad a threat to wildlife this virus might pose.

This is how a newly discovered virus in Chinese poultry came to threaten so much of the world’s biodiversity.

H5N1 originated on a Chinese poultry farm in 1997. ChameleonsEye/Shutterstock

The first signs

Until December 2005, most confirmed infections had been found in a few zoos and rescue centres in Thailand and Cambodia. Our analysis in 2006 showed that nearly half (48%) of all the different groups of birds (known to taxonomists as “orders”) contained a species in which a fatal infection of bird flu had been reported. These 13 orders comprised 84% of all bird species.

We reasoned 20 years ago that the strains of H5N1 circulating were probably highly pathogenic to all bird orders. We also showed that the list of confirmed infected species included those that were globally threatened and that important habitats, such as Vietnam’s Mekong delta, lay close to reported poultry outbreaks.

Mammals known to be susceptible to bird flu during the early 2000s included primates, rodents, pigs and rabbits. Large carnivores such as Bengal tigers and clouded leopards were reported to have been killed, as well as domestic cats.

Our 2006 paper showed the ease with which this virus crossed species barriers and suggested it might one day produce a pandemic-scale threat to global biodiversity.

Unfortunately, our warnings were correct.

A roving sickness

Two decades on, bird flu is killing species from the high Arctic to mainland Antarctica.

In the past couple of years, bird flu has spread rapidly across Europe and infiltrated North and South America, killing millions of poultry and a variety of bird and mammal species. A recent paper found that 26 countries have reported at least 48 mammal species that have died from the virus since 2020, when the latest increase in reported infections started.

Not even the ocean is safe. Since 2020, 13 species of aquatic mammal have succumbed, including American sea lions, porpoises and dolphins, often dying in their thousands in South America. A wide range of scavenging and predatory mammals that live on land are now also confirmed to be susceptible, including mountain lions, lynx, brown, black and polar bears.

The UK alone has lost over 75% of its great skuas and seen a 25% decline in northern gannets. Recent declines in sandwich terns (35%) and common terns (42%) were also largely driven by the virus.

Scientists haven’t managed to completely sequence the virus in all affected species. Research and continuous surveillance could tell us how adaptable it ultimately becomes, and whether it can jump to even more species. We know it can already infect humans – one or more genetic mutations may make it more infectious.

At the crossroads

Between January 1 2003 and December 21 2023, 882 cases of human infection with the H5N1 virus were reported from 23 countries, of which 461 (52%) were fatal.

Of these fatal cases, more than half were in Vietnam, China, Cambodia and Laos. Poultry-to-human infections were first recorded in Cambodia in December 2003. Intermittent cases were reported until 2014, followed by a gap until 2023, yielding 41 deaths from 64 cases. The subtype of H5N1 virus responsible has been detected in poultry in Cambodia since 2014. In the early 2000s, the H5N1 virus circulating had a high human mortality rate, so it is worrying that we are now starting to see people dying after contact with poultry again.

It’s not just H5 subtypes of bird flu that concern humans. The H10N1 virus was originally isolated from wild birds in South Korea, but has also been reported in samples from China and Mongolia.

Recent research found that these particular virus subtypes may be able to jump to humans after they were found to be pathogenic in laboratory mice and ferrets. The first person who was confirmed to be infected with H10N5 died in China on January 27 2024, but this patient was also suffering from seasonal flu (H3N2). They had been exposed to live poultry which also tested positive for H10N5.

Species already threatened with extinction are among those which have died due to bird flu in the past three years. The first deaths from the virus in mainland Antarctica have just been confirmed in skuas, highlighting a looming threat to penguin colonies whose eggs and chicks skuas prey on. Humboldt penguins have already been killed by the virus in Chile.

A colony of king penguins.
Remote penguin colonies are already threatened by climate change. AndreAnita/Shutterstock

How can we stem this tsunami of H5N1 and other avian influenzas? Completely overhaul poultry production on a global scale. Make farms self-sufficient in rearing eggs and chicks instead of exporting them internationally. The trend towards megafarms containing over a million birds must be stopped in its tracks.

To prevent the worst outcomes for this virus, we must revisit its primary source: the incubator of intensive poultry farms.

Diana Bell does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Read More

Continue Reading

Uncategorized

NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

One month after the inflation outlook tracked…

Published

on

NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

One month after the inflation outlook tracked by the NY Fed Consumer Survey extended their late 2023 slide, with 3Y inflation expectations in January sliding to a record low 2.4% (from 2.6% in December), even as 1 and 5Y inflation forecasts remained flat, moments ago the NY Fed reported that in February there was a sharp rebound in longer-term inflation expectations, rising to 2.7% from 2.4% at the three-year ahead horizon, and jumping to 2.9% from 2.5% at the five-year ahead horizon, while the 1Y inflation outlook was flat for the 3rd month in a row, stuck at 3.0%. 

The increases in both the three-year ahead and five-year ahead measures were most pronounced for respondents with at most high school degrees (in other words, the "really smart folks" are expecting deflation soon). The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) decreased at all horizons, while the median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—declined at the one- and three-year ahead horizons and remained unchanged at the five-year ahead horizon.

Going down the survey, we find that the median year-ahead expected price changes increased by 0.1 percentage point to 4.3% for gas; decreased by 1.8 percentage points to 6.8% for the cost of medical care (its lowest reading since September 2020); decreased by 0.1 percentage point to 5.8% for the cost of a college education; and surprisingly decreased by 0.3 percentage point for rent to 6.1% (its lowest reading since December 2020), and remained flat for food at 4.9%.

We find the rent expectations surprising because it is happening just asking rents are rising across the country.

At the same time as consumers erroneously saw sharply lower rents, median home price growth expectations remained unchanged for the fifth consecutive month at 3.0%.

Turning to the labor market, the survey found that the average perceived likelihood of voluntary and involuntary job separations increased, while the perceived likelihood of finding a job (in the event of a job loss) declined. "The mean probability of leaving one’s job voluntarily in the next 12 months also increased, by 1.8 percentage points to 19.5%."

Mean unemployment expectations - or the mean probability that the U.S. unemployment rate will be higher one year from now - decreased by 1.1 percentage points to 36.1%, the lowest reading since February 2022. Additionally, the median one-year-ahead expected earnings growth was unchanged at 2.8%, remaining slightly below its 12-month trailing average of 2.9%.

Turning to household finance, we find the following:

  • The median expected growth in household income remained unchanged at 3.1%. The series has been moving within a narrow range of 2.9% to 3.3% since January 2023, and remains above the February 2020 pre-pandemic level of 2.7%.
  • Median household spending growth expectations increased by 0.2 percentage point to 5.2%. The increase was driven by respondents with a high school degree or less.
  • Median year-ahead expected growth in government debt increased to 9.3% from 8.9%.
  • The mean perceived probability that the average interest rate on saving accounts will be higher in 12 months increased by 0.6 percentage point to 26.1%, remaining below its 12-month trailing average of 30%.
  • Perceptions about households’ current financial situations deteriorated somewhat with fewer respondents reporting being better off than a year ago. Year-ahead expectations also deteriorated marginally with a smaller share of respondents expecting to be better off and a slightly larger share of respondents expecting to be worse off a year from now.
  • The mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 1.4 percentage point to 38.9%.
  • At the same time, perceptions and expectations about credit access turned less optimistic: "Perceptions of credit access compared to a year ago deteriorated with a larger share of respondents reporting tighter conditions and a smaller share reporting looser conditions compared to a year ago."

Also, a smaller percentage of consumers, 11.45% vs 12.14% in prior month, expect to not be able to make minimum debt payment over the next three months

Last, and perhaps most humorous, is the now traditional cognitive dissonance one observes with these polls, because at a time when long-term inflation expectations jumped, which clearly suggests that financial conditions will need to be tightened, the number of respondents expecting higher stock prices one year from today jumped to the highest since November 2021... which incidentally is just when the market topped out during the last cycle before suffering a painful bear market.

Tyler Durden Mon, 03/11/2024 - 12:40

Read More

Continue Reading

Trending