Our dear friend SHIB, that mischievous child of the crypto bazaar, has swollen by a modest 8.9% in but a day-an ascent not unlike that of a cat stubbornly clawing its way up an unbecoming drapery.
Yet, in the shadows of this triumph, the Shibarium network, that vaunted layer-2 solution, confessed to a wound-a hack, no less. The irony, oh the irony! A network designed to fortify, itself breached. And yet, the total value locked (TVL) surged, as if the very act of vulnerability had become a perverse catalyst for growth. DeFi Llama, that silent chronicler of our times, reported a 40% jump to $2.28 million, a figure not seen since the halcyon days of June. 📈
Apparently, the crypto market is feeling as optimistic as Jenna Maroney after a good hair day, and ETH is ready to break out like Tracy Jordan from a meeting. Could $5,000 be the new “I want to go to there”?
Nvidia, that gluttonous goliath of GPUs, still lords over the AI wasteland like a mad prophet with a six-figure salary. But here comes Arista Networks, the networking underdog with a silver tongue and a PowerPoint that smells faintly of desperation. They claim to be the “glue” holding AI clusters together, but let’s be real: networking is just the duct tape of the tech apocalypse. Still, in a world where GPUs cost more than a down payment on a house, maybe duct tape is the new gold.
So, what’s behind this sudden *rocket launch* in price? Well, apparently, it’s the markets rising with the kind of optimism you’d see when someone finds an extra fry at the bottom of the bag. There’s talk of a potential Federal Reserve rate cut in September (because who doesn’t want a little discount on interest rates, am I right?).
At the stroke of quill to parchment, XRP pranceth with a 3.92% gain in the last 24 hours, reaching the sum of $3.16. Should it close in the verdant hue today, it shall mark the fourth consecutive day of its triumphant march. A 13% weekly rise, you say? ‘Tis a reversal of fortune in September, a month once deemed as bearish as a bear in a berry patch! 🌿
I’ve seen enough balance sheets to know the truth: both are playing the long game. But one is cheating. The other is waiting for the table to collapse.
While the allure of bull markets often leaves little room for those hunting for undervalued opportunities, today’s climate still harbors potential for the prudent investor who recognizes the veiled treasures amidst the prevailing exuberance. Therefore, let us examine three companies that merit closer scrutiny before they become merely another set of past successes in a market driven by fleeting enthusiasm.
Occidental is a big oil producer in the U.S., with assets in the Denver-Julesberg and Permian basins. It also drills offshore in the Gulf of Mexico, North Africa, and the Middle East. As an integrated energy company, it plays in upstream, midstream, and downstream-like a one-stop shop for oil and gas. Its profit margins are competitive with ExxonMobil and Chevron, even if its revenue isn’t. Size doesn’t matter if you know how to count. So it goes.
-it’s… Italian for ‘cloud’?”)
