Today is Monday, November 22, 2021.
Dogecoin Tops Bitcoin on Google Searches
Americans are searching for Dogecoin on Google more than any other cryptocurrency, including Bitcoin, according to research from financial advisor The Advisor Coach, as reported by Yahoo! News.
Details: The research indicated that Dogecoin is the most googled crypto in 23 states, including Florida, Illinois, and New Jersey. Bitcoin was the most searched coin in 10 states, while Ethereum was the most searched in 8 states.
Numbers: While most cryptos have surged in the past year, Dogecoin has stood out. A year ago, Dogecoin was worth less than 1 cent. Today, the price is around 22 cents.
Background: The acceptance of Dogecoin on different platforms, and a big push of the coin’s awareness on social media, has accelerated Dogecoin into the mainstream.
Final Thoughts: Predictions for Dogecoin are all over the place. Some say that coin will push to $1, whereas others are skeptical and just label it as a meme coin.
Notable Earnings Today: Zoom Video Communications (Nasdaq: ZM), Agilent Technologies (NYSE: A), Arrowhead Pharmaceuticals (Nasdaq: ARWR), IBEX (Nasdaq: IBEX), Keysight Technologies (NYSE: KEYS), Niu Technologies (Nasdaq: NIU), Urban Outfitters (Nasdaq: URBN), Cerence Inc. (Nasdaq: CRNC), Twist Bioscience Corp (Nasdaq: TWST).
Notable IPOs Today: Artemis Strategic Investment Corporation Class A Common Stock (Nasdaq: ARTE), TG Venture Acquisition Corp. Class A Common Stock (Nasdaq: TGVC), 8i Acquisition 2 Corp. Unit (Nasdaq: LAXXU), Marblegate Acquisition Corp. Class A Common Stock (Nasdaq; GATE), Monterey Bio Acquisition Corporation Common Stock (Nasdaq: MTRY), Home Plate Acquisition Corporation Class A Common Stock (Nasdaq: HPLT).
Notable Equity Crowdfunding Campaigns Ending Today: Hux Spirits (MainVest), Cycleboard (StartEngine).
Notable Economic Events Today: Chicago Fed national activity index (8:30 a.m. ET), Existing home sales (10:00 a.m. ET).
Report: Monster Dissecting Potential Constellation Brands Deal
Energy drink manufacturer Monster Beverage (MNST) is considering a combination deal with alcohol beverage producer Constellation Brands (NYSE: STZ), according to a report from Bloomberg on Sunday.
Details: According to the report, Monster Beverage has discussed a potential deal with advisors.
Numbers: Shares of Monster Beverage are down 1.43% this year, including a 4.22% decrease in the past 6 months. Meanwhile, Constellation Brands is up 8.61% in 2021.
Background: Monster Beverage reported earnings a few weeks ago and revealed that the company was dealing with a lot of supply chain challenges. However, the company also reported that demand is still very strong.
Final Thoughts: Keep an eye on Monster Beverage’s stock price on Monday.
Equity Crowdfunding’s Growth, Explained
There’s no denying the growth of equity crowdfunding, which involves average investors buying equity or giving a loan to a new startup.
These numbers really quantify that growth.
Over Time: The number of equity crowdfunding investors jumped from under 18,000 in January 2018 to over 250,000 in September 2021, according to research by KingsCrowd in October.
Pandemic Growth: The same KingsCrowd research pinpointed the exact time of growth, which was during the pandemic. In May 2020, the number of monthly investors in equity crowdfunding increased by 45%.
Bigger Picture: Overall, the entire online crowdfunding market is expected to grow 13.86% this year, according to data from Technavio Research.
Final Thoughts: With more retail investors discovering equity crowdfunding, the growth will likely continue.
Trends to Watch
Not a Pile of Junk: Are Asia’s junk bonds worth investing in after Evergrande? We ask 5 strategists (CNBC)
Comfortable Chair: Deutsche Bank supervisory board backs Wynaendts as new chair - memo (Reuters)
Winter is Coming: World Economy Face Winter With Threat of Pandemic, Supply Disruption, Inflation (Bloomberg)
An Idea: El Salvador to build cryptocurrency-fueled “Bitcoin City” (Associated Press)
Takeover: KKR makes €33bn buyout offer for Telecom Italia (Financial Times)
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