According to the scribes of fortune at crypto.news, on that red-blooded Tuesday, July 29, the token surged past a modest $0.023 only to tumble back to its humble abode around $0.0122, leaving behind confused investors scratching their heads like they just realized their favorite sitcom’s last season was a dud.
Let’s talk Carnival (ticker: CCL), the floating city-state of the cruise world. This company, buoyed by demand so persistent it must be hereditary, has watched its stock rise around 18% this year—well ahead of the S&P 500, that most unadventurous of benchmarks. Eight successive quarters of record revenue and an admirably plump bookings ledger stretching towards a future that looks, to Carnival at least, like one continuous deck party.
And what is a cruise except a floating controlled environment in which consumer confidence is measurable in buffet plates per hour?2 While sales of socks and sundries wane—all those would-be shoppers are now queuing for trivia night somewhere off Corfu—Carnival is, quite literally, full steam ahead.
Consider the oracular numbers: anticipation yawns towards $25 billion in revenue by 2025, with $2.00 expected in adjusted earnings per share (doubtless adjusted with the same precision a ship’s purser brings to the dessert table). All this while the broader travel industry’s fate remains subject to the benevolence of mischievous minor deities, such as Grobnar the God of Random Price Hikes.
Industry statistics, which are only accurate to the nearest expert guess, suggest 82% of those who have endured, er, enjoyed a cruise plan to return3. Carnival’s own management, speaking at their Q2 conclave, virtually beamed about bookings filling cabins all the way to 2026, and made it clear there was only so much cruise ship to go ’round. Scarcity, it turns out, is excellent for margins.
And should you be tempted to mutter “overvalued,” consider this: with a forward price-to-earnings multiple of 15, Carnival remains priced more like a humble soapmaker and less like a circus impresario. Analysts, who are to predictions what seers are to chickens’ entrails, expect earnings growth to pace at an annualized 21%. Of course, the only certainty about predictions is that time, like the tide, will one day put them out to sea.
Altcoin 1: SEI – Not Just Fast, It’s Panic Attack Fast 🚀
Apparently, the feds stormed a crypt-o-lord’s lair on April 15th, snatching up 20.2 shiny Bitcoins from some shady address linked to the Chaos hacker gang— sounds like a rock band, but no, it’s just hackers causing chaos, not the Rolling Stones. 🎸
They sold it for a measly $11 million to some company called Project Labrador Holdco, LLC. Because nothing says “serious business” like a name that sounds like a sci-fi movie. 🚀
Oh, great, another day in the wild west of DeFi 🤡. Konstantin Lomashuk, founder of Lido, decided to borrow 💸85 million USDT from Aave—because who wouldn’t want to play with other people’s money? He then sent 80 million to Amber Group, who deposited it onto a crypto exchange like it’s 2017 again 🤷♂️. Then, out … Read more
While the world watches Bitcoin [BTC] with the reverence of a Victorian audience at a pantomime, a far more intriguing drama unfolds in the Ethereum [ETH] realm—complete with clandestine coups, staked fortunes, and a dash of existential dread.
Should the enigmatic $XRP falter beneath the $3.15 sanctuary, an unsettling slide to $3 lurks—ah, the tantalizing whispers of dip-buyers everywhere! 🍿
Let’s set the stage: MARA made a big announcement, waving about the sort of money that would make your bank manager faint. In a classic tale of financial one-upmanship, they gave early buyers the option to grab an extra $200 million in what’s known as “convertible senior notes.” These are basically IOUs, but with fancier shoes and a clause to demand the last slice of pizza.
This dramatic ascent, I’m told, is all thanks to those institutional exchange-traded products and a fresh wave of treasury companies scooping up the asset like it’s the last canapé at a Coward soiree. And one of these firms, Bitmine Immersion Technologies, believes ETH is as undervalued as a witty remark at a dull dinner party. 🍾🤭
