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LTC/USD Gains after Abra CEO Explained Reasons for Switching to Litecoin

LTC/USD Gains after Abra CEO Explained Reasons for Switching to Litecoin: The cryptocurrency market finally saw some love on Tuesday, with Litecoin leading the way.

Litecoin saw a 15% gain following days of consolidation around the 118 support level. It briefly tested the 137 resistance level before pulling back a bit towards the end of the trading day. This level is important because it has acted as a support level twice before, once on March 18th, and once before that on January 11th.

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While the general bullish sentiment in the cryptocurrency market helped Litecoin advances, the reason why it became the winner of the crowd could be due to a Reddit Ask Me Anything session with Abra, a high-profile crypto startup backed by American Express.

During the session, Bill Barhydt, CEO of Abra, explained his reasons for switching to Litecoin for smart contracts. He said Abra has gone with Litecoin as the second asset class, after bitcoin, for their smart contract investing solution for 3 primary reasons: First, its commitment to bitcoin compatibility. Second, because of its slightly better scalability than bitcoin in terms of block size and block times. And finally due to its mining fees which are primarily a function of #2 although this is more of a short-term benefit. He expects mining fees to skyrocket if Abra successful.

Abra has raised $40 million in funding so far, including an undisclosed amount from American Express, Fidelity’s venture capital arm, and Foxconn, the Asian manufacturer of parts for Apple. It also recently expanded its offering from bitcoin and Ethereum to its current suite of 70 crypto and fiat currencies earlier this month.

If Litecoin is able to continue its new bullish sentiment, we could see a potential Double Bottom reversal chart pattern which could take the digital currency back up to the 50% Fibonacci retracement level and February high of $250.

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CrowdStrike Stock (CRWD): The Move No One Is Talking About But Everyone Should Watch

November 14, 2025 No Comments

CrowdStrike is one of the biggest names in cybersecurity. They protect computers, cloud systems, and now even AI models. The company keeps growing fast, keeps making moves with giants like Nvidia and Google, and keeps expanding its platform into places most investors are not watching yet.

That is why this blog exists. There is a lot happening behind the scenes with CrowdStrike. Some of it is obvious. Some of it is quiet. Some of it could shape the future of the stock in bigger ways than the headlines show.

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Nvidia (NVDA) $5 Trillion Milestone Is Still Shaking Up Wall Street – Is This The Peak Of The AI Boom Or Just The Beginning?

November 8, 2025 No Comments

After a period of unstoppable momentum, Nvidia (NVDA) is once again dominating headlines – and it’s no wonder Wall Street can’t look away. Once known primarily for gaming graphics, Nvidia has transformed itself into the beating heart of the AI revolution.

Its playbook, centered on innovation, scale, and ecosystem control, has turned the company into one of the most valuable and influential forces in tech history. But as investors cheer its meteoric rise, the question now looms: is Nvidia reaching new heights of sustainable growth, or is it flying too close to the sun?

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Netflix Stock (NFLX): Exciting 10:1 Split. Not-So-Exciting Earnings. What’s Under The Surface?

October 31, 2025 No Comments

Netflix is one of the most recognizable companies in the world. It has a massive audience, strong brand awareness, and a long history of reshaping how we watch TV. Recently, Netflix announced a 10:1 stock split. A split does not change the value of the company, but it lowers the price per share and often makes the stock feel more accessible to everyday investors.

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Beyond Meat Stock (BYND) $900 Million Debt Deal News: Lifeline Or Last Gasp Before Collapse?

October 24, 2025 No Comments

After months of steep declines and fleeting meme-fueled rallies, Beyond Meat (BYND) is once again in the spotlight – this time for its massive $900 million debt-for-equity deal. Once celebrated as the face of plant-based innovation, the company now finds itself fighting for survival amid collapsing sales, widening losses, and a heavily diluted shareholder base.

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Ferrari Stock (RACE) Plunged Hard. Is It A Short-Term Drop Or A Long-Term Decline?

October 16, 2025 No Comments

Ferrari. A name that evokes speed, luxury, and precision.
But lately, its stock has been running into some rough turns.

After hitting record highs earlier this year, Ferrari’s share price took a sharp dive following its Capital Markets Day. Investors were caught off guard. Expectations were sky-high, and the company’s updated targets didn’t quite match the market’s adrenaline.

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