OPINION: Ether to hit $5,000 early next year as analysts are generally bullish for Christmas
Coinstash co-founder Mena Theodorou said in a report this week that Bitcoin's record ‘has fuelled traders’ hopes for a sustained and potential Christmas rally in the cottage season’. And according to the data, cryptocurrencies have risen around Christmas in eight of the last 10 years. In addition, Nexo analyst liya Kalchev predicts that the price of ethereum should reach $5,000 by early 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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According to market sources, the initial public offering (IPO) of smart ring manufacturer Oura in the US stock market has reportedly been oversubscribed by approximately four times.
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Smart ring manufacturer Oura's IPO was oversubscribed by approximately four times, planning to issue 50 million shares at a maximum price of $44 per share, aiming to raise up to $2.2 billions, with a fully diluted valuation of about $15 billions. Against the backdrop of companies like Holtec Nuclear withdrawing their IPO plans due to market conditions, Oura is expected to become the first major IPO in nearly three months to raise over $1 billion, injecting new vitality into the long-dormant U.S. IPO market.
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