Promising Cathie Wood Stocks to Watch Out For
Some Cathie Wood stocks have been showing bullish signs, rising. The stock market is affected by inflows, demand, and institutional sentiment. The cryptocurrency has also been showing a slight recovery above asset prices over the past seven days.
Over the years, ArkInvest and Cathie Wood stocks have gained popularity, with large increases in previous years. These rallies attracted the attention of many traders due to the public nature of holdings, sales and other related activities. This year, the stock market gained momentum due to the impact of the technology move, which led to an increase in prices. Here are some Cathie Wood stocks you should keep an eye on.
Block Inc. (SQ)
Jack Dorsey-backed payments company to obstruct Cathie Wood stocks are among those gaining momentum among traders. One of the asset’s key drivers is the company’s expansion project to reach more users. Over the past 24 hours, SQ has changed hands at $64.49, up 1.74%. Despite midweek fluctuations, weekly figures also remain in the green. This new positive outlook for Block comes amid a previous downtrend. The asset’s price has fallen 10.7% this year.
Coinbase (COIN)
Digital asset exchange Coinbase remains top-ranked among Cathie Wood stocks and has attracted the attention of bulls over the past six months. Coinbase This week, the cryptocurrency market has shown the potential to erase previous losses as it has been rocking. The asset has climbed over 2.5% this week, but has seen red zone levels in daily trading. This year, COIN It is up 28% after its price skyrocketed in the first quarter of 2024.
The biggest driver for Coinbase is the price of Bitcoin and other digital assets. If macro factors change, the expected shift in the market could lead to another uphill climb for COIN.
Tesla (TSLA)
Shares of electric carmaker Tesla have surged in recent months as it looks to erase year-to-date losses. TSLA is up 0.23% today and 7% over the past seven days. Monthly figures are up 12% as inflows pick up after a downturn.
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David is a financial news writer with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has a talent for keeping up with breaking news. Staying on top of trends, David is knowledgeable about regulations, partnerships, crypto assets, stocks, NFTs, etc. He reported in various fields such as. Away from the financial markets, David cycles and rides horses.
The content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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