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Komodo completes first peer to peer, AMM-free fundraise in the industry
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Bullish all the way? MicroStrategy doubles down on its Bitcoin bet
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8 expert predictions ahead of Coinbase s hotly anticipated IPO next week ilee@insider.com (Isabelle Lee)
Many view it as a significant milestone for the cryptocurrency space.
Insider compiled views from eight experts on what it could mean for rapidly growing digital currency market.
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Adding to the excitement, the cryptocurrency trading giant reported a whopping $1.8 billion revenue in the first quarter of the year on Tuesday, compared to the $1.3 billion for all of 2020.
On the back of the eye-popping earnings, DA Davidson analyst Gil Luria increased his price target by 125% to $440 from $195. The analyst derived his adjusted price target from a 20x multiple based on the company s expected revenue this year.
Analysis
There’s no denying the fact that Theta is one of the most discussed cryptocurrency projects on the market in 2021, so much so that the Theta token has already made its way into the top 10 list of cryptocurrencies by overall market capitalization, in what feels like almost no time at all.
In its most basic sense, Theta can be thought of as a decentralized video streaming platform that has been built using a blockchain framework. The platform seeks to mitigate many of the problems being faced by the traditional video streaming sector, allowing for the relay of high-quality video content at relatively low costs.
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