![](https://rebelreach.blob.core.windows.net/25824/178128.png)
tl;dr
The meme coin sector surged by over 12% on Tuesday, outperforming major cryptocurrencies, while the CoinDesk 20 Index increased by 2.3% in the same period. Meme coins historically perform well when BTC, ETH, and SOL are trading near local highs. Due to lower liquidity trading pairs, meme coins exper...
The meme coin sector surged by over 12% on Tuesday, outperforming major cryptocurrencies, while the CoinDesk 20 Index increased by 2.3% in the same period. Meme coins historically perform well when BTC, ETH, and SOL are trading near local highs. Due to lower liquidity trading pairs, meme coins experience amplified peaks and troughs compared to major cryptocurrencies.
The rally in meme coins is attributed to traders diversifying profits from higher market cap assets like BTC and ETH. Several meme coins based on American politics have seen significant increases following a shooting incident involving presidential candidate Donald Trump. Meme coins perform well when BTC and ETH are rangebound near local highs and poorly during market downturns.
The varying liquidity levels contribute to the potential for significant shifts in meme coin values compared to larger tokens like BTC and ETH.
More about Banco De Chile
Banco De Chile Stock Analysis Banco De Chile Stock Analysis Summary
Banco De Chile, also known as Banco de Chile, is a leading provider of banking and financial products and services in Chile. The company is headquartered in Santiago, Chile.
Key Details
Sector: Finance
Industry: Commercial Banks
Stock Ticker: NEC
Market Cap: 12,206,409,000
Current Stock Price: $7.88
Previous Close: $8.08
EPS: $3.06
Volume: 5,711.6
Dividend Yield: 0.487%
Market Cap (in USD): $2,884,828,922,000
P/E Ratio: 24.32
Day Change: $0.12
Day Change (%): 1.18%
More about Riot Blockchain Inc
Riot Blockchain Inc, Riot Blockchain, Inc., focuses on the cryptocurrency mining operation in North America. The company is headquartered in Castle Rock, Colorado.
Industry: LIFE SCIENCES
Sector: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES
Employees: 3315251000
Price: $27.33
Dividend: None
P/E Ratio: 0.42
EPS: 1.448
Beta: 0.501
Market Cap: 286738000
52-Week High: $17.91
52-Week Low: $6.36
Volatility: 0.083
More about Bitfarms Ltd
Bitfarms Ltd - Technical Analysis Summary
Bitfarms Ltd operates in the technology sector, specifically in services related to computer programming, data processing, etc.
Key Financial Figures:
Market Cap: $1,144,436,000
Dividend Yield: Not Applicable
P/E Ratio: -0.4
EPS: 0.577
ROE: -0.638
Volume: 166,633,000
Current Price: $3.94
52-Week High: $0
52-Week Low: $0.674
More about CleanSpark Inc
CleanSpark Inc,CleanSpark, Inc. provides energy software and control technology solutions worldwide. The company is headquartered in Woods Cross, Utah.
Industry: REAL ESTATE & CONSTRUCTION
Sector: BLANK CHECKS
Market Cap: 4,338,645,000
Stock Price: 146.46
Dividend Yield: None
P/E Ratio: 0.13
EPS: 1.74
ROE: 0.224
Volume: 283,628,000
Beta: 26.6
Short Ratio: 0
Inst. Ownership: 1.628
More about Stronghold Digital Mining Inc
Stronghold Digital Mining Inc Summary
Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on mining Bitcoin in the United States. The company is headquartered in New York, New York.
Sector: Technology
Industry: Services-Computer Processing & Data Preparation
Market Cap: 54455000
Dividend Yield: None
EPS: -0.59
P/E Ratio: 9.24
ROI: -0.445
Volume: 85222000
Stock Price: 6.83
Bullish/Bearish: 0
Support Level: 0.594
More about Cipher Mining Inc
Stock Market Analysis: Cipher Mining Inc.
Cipher Mining Inc. is a bitcoin mining company headquartered in Houston, Texas. The company's stock details are as follows:
Sector: Real Estate & Construction
Industry: Blank Checks
Market Cap: 1.853 billion
Stock Price: $119.6
Dividend Yield: None
P/E Ratio: 0.05
EPS: 0.579
ROE: 0.122
Volume: 153,084,000
50-Day Moving Average: $6.58
200-Day Moving Average: $0
RSI: 1.199
More about Core Scientific Inc. Common Stock
Core Scientific Inc. Common Stock Summary
Core Scientific, Inc. provides blockchain and artificial intelligence (AI) infrastructure services in the United States. The company is headquartered in Austin, Texas.
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROCESSING & DATA PREPARATION
Market Cap: 542,047,000
Dividend Yield: None
Beta (3Y Monthly): None
PE Ratio (TTM): None
EPS (TTM): 1.323
Profit Margin: -0.491
Volume: 502,400,000
Stock Price: 6.75
52 Week Range: 0.171
More about Hut 8 Corp. Common Stock
Technical Analysis: Hut 8 Corp. Common Stock
Industry: Finance
Sector: Finance Services
Market Cap: 1.8 billion
EPS: -0.78
PE Ratio: 2.499
Current Ratio: 1.564
Volume: 157,304,000
50-Day Moving Average: 18.82
200-Day Moving Average: 5.56
Relative Strength Index (RSI): 2.307