Stir-fried, soaring 200% in the day! Musk drove the dogecoin market in one sentence, and the performance of six concept stocks increased greatly.
Source: Data Treasure
Author: Liu Junling
Dogecoin’s highest intraday increase was over 200%.
After Bitcoin stood at a record high of $62,000 this week, the cryptocurrency market once again set off a "storm".On April 16th, dogecoin opened higher and higher. According to Huobi. com, the zero price of dogecoin was 0.13 USD/piece, and by 9: 00 pm, the highest price soared to 0.47 RMB/piece, with the highest increase of 235.03% in the day. Judging from the historical market, the price of dogecoin at the beginning of this year was only 0.0046 USD, and the latest price has increased by more than 6000% compared with the beginning of this year. If you ride a rocket, it can be said that it is the asset with the biggest investment income this year.
At present, dogecoin’s current surge is attributed to elon musk, the "opinion leader" of the currency circle and CEO of Tesla. Musk posted a tweet on Thursday night, which read "Dogs Bark on the Moon". After the tweet was released, the price in dogecoin rose rapidly. Earlier, on April 1st, Musk issued a document saying that the Space X rocket would bring dogecoin to the real moon in the future, and dogecoin rose by 30% that day. In the currency circle, the "slang" related to the moon implies that the currency price is soaring, and there are various indications that Musk is optimistic about the development of dogecoin.
The soaring price in dogecoin has triggered the collapse of the trading platform.Shortly after the release of Musk’s Twitter, Robinhood, the most popular online brokerage in the United States, announced that the virtual currency transaction was seriously interrupted due to "unprecedented demand" and resumed related functions on the same day.Coincidentally, the trading platform Coinbase also broke down on the 17th, and some cryptocurrency deposits and withdrawals were delayed, which has now been fixed.
Irrational speculation against dogecoin has aroused many market concerns. David Kimberley, an analyst at Freetrade, said that people buy dogecoin not because they think it has any meaningful value, but because they want others to join in and push up the price, and then they can sell it and make money quickly. When everyone does this, the bubble will eventually burst, and it is impossible to determine when this will happen. Considering that a small number of people often hold a large number of positions in the virtual currency market, as long as one person sells, it will trigger an avalanche of the whole market.
Cryptographic currency ETFs have successively launched three Ethereum ETFs, which will be listed next Tuesday.
On Friday, local time, the Canadian asset management company Purpose Investment announced that the Purpose Ethereum ETF (transaction code ETHH) founded by the company has been approved by the Canadian regulatory authorities and will directly invest in Ethereum for physical settlement. Almost at the same time, Canada’s CI Global Asset Management also issued a statement, claiming that the world’s first Ethereum ETF-CIGALAXY Ethereum ETF (transaction code ETHX) will be launched next week, and both companies also announced the release of the world’s first Ethereum ETF.According to the official announcement, the Ethereum ETF(ETHR) launched by another company, EvolveFundsGroup, has been approved, and all three Ethereum ETFs will be listed on the Toronto Stock Exchange (TSX) next Tuesday.
In February this year, the world’s first bitcoin ETF was listed in Canada. Purpose Investment, a Canadian asset management company, issued the Purpose Bitcoin ETF, with a total transaction amount of US$ 145 million on the first day, making it one of the top ten most active securities traded on the Toronto Stock Exchange that day.The market speculates that Ethereum, as the second largest cryptocurrency in the world, is as hot as Bitcoin ETF.
Analysts believe that James Seyffart, an ETF research analyst at Bloomberg, said: "There are many people who oppose encrypted ETFs, but this product has many benefits. ETF allows people to invest in the cryptocurrency ecosystem while maintaining the traditional financial ecosystem. " He said, "I think they will succeed because there is a clear demand for these encrypted assets in the traditional financial ecosystem, and ETFs are more efficient than closed-end funds and trusts currently traded in the United States and Canada."
Digital currency concept stocks floated across the board on Friday.
According to the statistics of Securities Times and Data Treasure, there are 63 digital currency concept stocks in the A-share market.. On Friday, 62 stocks rose, only one fell slightly, with an average increase of 4.14%. Shares of Guangdian Express and Royal Bank rose daily, with New Cape up 16.86%, Qitian Technology up 13.6%, and 11 other stocks up more than 5%. This week, digital currency’s concept stocks continued to rise, with 12 stocks rising by more than 10%. Royal Bank shares ranked first with a weekly increase of 39.23%, and gained three daily limit boards during the week.
From the perspective of capital flow, digital currency concept stocks had a large net inflow of funds on Friday, with a total net inflow of main funds of 2.047 billion yuan.. Among them, Guangdian Express and Royal Bank received a net inflow of 499 million yuan and 423 million yuan respectively, while Chutianlong and Lacarra received a net inflow of more than 100 million yuan. One week, the main capital flowed into Royal Bank, which ranked first, with a total net inflow of 1.435 billion yuan, ranking second among all A shares.
Digital currency concept stocks favored by the main funds have better performance.Among the top 15 concept stocks with net inflow in a week, 10 released the first quarter performance forecast or the first quarter report, all of which were pre-increased, among which Gao Weida ranked first in the first quarter with a net profit growth of 602.02%.The net profit growth of Huijin, Zhidu, Hailian Jinhui, Huamei Holdings and Jingbei Guimu was all above 100%.
The concept leader Guangdian Express also released a pre-increased performance forecast, and it is estimated that the profit will be 187 million yuan to 216 million yuan, up 30% to 50% year-on-year.According to the data of Guangdian Express Dragon and Tiger List, on Friday, it won a net purchase of 26.9574 million yuan from Shenzhen Stock Connect and a net purchase of 17.2934 million yuan from an institution-specific seat. The company actively participated in the research and development work of the central bank digital currency, including supporting the transfer of digital currency and bank accounts on smart terminals, the collection of money by merchants in digital currency and the use of personal digital wallets.
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