Today is Monday, August 22, 2022.
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Safe Cryptocurrency Investing
Current Market: While crypto prices have dropped, Hollings says that this is an opportunity to buy digital assets.
Risks: Hollings said higher cap cryptos such as Bitcoin are not as risky as some of the newer coins to hit the market.
Keep it Safe: Safe crypto investing involves a mixture of capital in reserve, some in top market coins, and some used for investing, according to Hollings.
Final Thoughts: What’s the right strategy for safe crypto investing in 2022? Find out by listening to a new episode of the Early Bird podcast.
Notable Earnings Today: Viomi Technology (Nasdaq: VIOT), Zoom Video Communications (Nasdaq: ZM), Jaguar Health (Nasdaq: JAGX), Palo Alto Networks (Nasdaq: PANW), DLocal (Nasdaq: DLO), Afya (Nasdaq: AFYA), Nordson (Nasdaq: NDSN), Flexsteel Industries (Nasdaq: FLXS), Mawson Infrastructure Group (Nasdaq: MIGI), Vivos Therapeutics (Nasdaq: VVOS).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: Island Brands (StartEngine), SharedChain (Netcapital), Honeyfund.com (StartEngine), MentalHappy (StartEngine).
Notable Economic Events Today: N/A.
Where the Housing Market Stands
The housing market in the U.S. in a state of sadness, with the trend impacting homebuilding stocks.
Stats: Housing starts dropped 9.6% in August. Meanwhile, the National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 points.
Challenges: Higher construction costs are rising. Demand for mortgages is also sinking, which is a bad sign.
Final Thoughts: Unless you like to buy on the dip, investors make want to avoid homebuilding stocks while the housing market is in ruins.
Equity Crowdfunding Spotlight: Farm to Flame Energy
Briefly describe your business. Farm to Flame Energy solves the problem of energy access, where 700 million people still do not have access to clean reliable and affordable electricity. They instead rely on diesel generators that cost three times the regular grid rates.
What are the terms of the investment for your campaign? Convertible Note, $8 million valuation cap for first $150,000. $10.5 million valuation cap for the remainder of the round, with a 20% discount into the next round. See Wefunder for details.
What makes your startup special? We always find a way to win. We persist and learn from our mistakes, and we don't stop. We have a team of founders who have raised over $2 million, built our commercial generator, and received financial backing from the U.S EPA and Georgia Pacific.
Trends to Watch
All Around Good: More Stocks Are Taking Part in Bounceback Rally (The Wall Street Journal)
How to Push Back: Can Ethereum Fight Back Against the US’ Sweeping Censorship Attempt? (CoinDesk)
Flashing Alert: Here’s 5 cryptocurrencies with bullish setups that are on the verge of a breakout (Cointelegraph)
Here We Go Again: Power Crunch in Sichuan Adds to Industry’s Woes in China (Bloomberg)
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