tl;dr

Fantom protocol has rebranded to Sonic Labs, signaling a shift in focus towards developing Decentralized Applications (DApps) and introducing the fastest Ethereum Virtual Machine (EVM) called Sonic. The transition includes the introduction of a new native token, S token, and a planned incentive prog...

Fantom protocol has rebranded to Sonic Labs, signaling a shift in focus towards developing Decentralized Applications (DApps) and introducing the fastest Ethereum Virtual Machine (EVM) called Sonic. The transition includes the introduction of a new native token, S token, and a planned incentive program. Notable supporters and investors of Sonic Labs include prominent figures from the crypto industry.

The successful transition comes amidst preparation to launch the fastest Ethereum Virtual Machine (EVM) dubbed Sonic. According to the description provided on the Sonic Labs splash page, Sonic is a Layer-1 platform with a secure gateway to Ethereum.

Sonic Labs plans to gain support by introducing a massive incentive program. Unlike Fantom which utilized FTM as its native token, Sonic will use the S token. This new token will enter the ecosystem via a massive airdrop, simplified staking, incentive programs and other means. Though the transition from Fantom to Sonic Labs is complete, the launch of Sonic is not coming until the 4th quarter. Some of the top supporters and investors of Sonic Labs are CEO of Compound Robert Leshner, CEO of Aave Stani Kulechov, CEO of Frax Finance Sam Kazemian, and some others.

In the broader Ethereum landscape, SEC-approved Ethereum ETFs are experiencing substantial outflows after an initial period of strong performance. Directed Acyclic Graph (DAG) protocol Fantom has made a significant move that will change its trajectory going forward. The protocol announced on its official X page that it has fully rebranded to Sonic Labs. Noteworthy, the name of the X page is no longer Fantom but now “Sonic Labs.”

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Caterpillar Inc. (often shortened to CAT) is an American Fortune 100 corporation that designs, develops, engineers, manufactures, markets, and sells machinery, engines, financial products, and insurance to customers via a worldwide dealer network.

Industry: Technology, Construction Machinery & Equipment

Market Cap: $169.31 billion

Current Price: $15.65

Dividend Yield: 5.2%

P/E Ratio: 22.12

52-Week Range: $132.66 - $168.00

Relative Strength Index (RSI): 0.168

Revenue: $66.99 billion

EPS: $337.62

Debt-to-Equity Ratio: 0.537

Price/Earnings to Growth Ratio (PEG): -0.004

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NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.

Sector: Manufacturing, Semiconductors & Related Devices

Market Cap: 287.85B

Current Price: $68.43

Change: 0.016 ( 1.71%)

Relative Strength Index (14): 3.234

Bollinger Bands (20, 2): 0.534

Revenue (ttm): $79.77B

EPS (ttm): $135.95

Dividend Yield: 6.5%

Beta: 2.621

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Stock Analysis: Coinbase Global Inc.

Stock Analysis: Coinbase Global Inc.

Company: Coinbase Global Inc.

Business: Provides financial infrastructure and technology for the crypto economy.

Headquarters: Wilmington, Delaware.

Sector: Finance

Industry: Finance Services

Market Cap: $55.095 billion

Current Price: $43.82

Dividend Yield: None

P/E Ratio: 5.12

EPS: 15.83

Beta: 0.357

Volume: 3,777,835,000

Average Volume: 267.11

Relative Volume: 3.27

Market Cap/Revenue: 1.156

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MicroStrategy Incorporated Summary

MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.

Sector: TECHNOLOGY

Industry: SERVICES-PREPACKAGED SOFTWARE

Market Cap: $28,635,967,000

Dividend Yield: None

EPS: -10.66

P/E Ratio: 32.62

Profit Margin: -0.174

Revenue: $489,592,000

Net Income: $1,959.82

Debt/Equity: -0.775

Current Ratio: -0.055

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Marathon Digital Holdings Inc,

Marathon Digital Holdings, Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company is headquartered in Las Vegas, Nevada.

Industry: REAL ESTATE & CONSTRUCTION

Sector: PATENT OWNERS & LESSORS

Market Cap: 5562420000

Current Price: 12.29

Dividend Yield: None

P/E Ratio: 1.6

EPS: 2.402

Beta: 0.956

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200-Day Moving Average: 2.231

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Riot Blockchain Inc Summary

Riot Blockchain, Inc. focuses on cryptocurrency mining operations in North America. The company is headquartered in Castle Rock, Colorado.

Industry

Life Sciences

Primary Product

In Vitro & In Vivo Diagnostic Substances

Revenue

$302,242,000

Stock Price

$24.53

Dividend

None

EPS

0.38

P/E Ratio

1.295

Beta

0.311

Volume

280,017,000

Market Cap

$17.55

Dividend Yield

6.36%

Price Change (52 weeks)

-0.088

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 12 Nov 24
 12 Nov 24
 12 Nov 24