Analysis Crypto by Thebittimes.Com

With investors growing ever concerned with AI spending, Microsoft (MSFT) is looking to justify it, as experts are noting that ventures into the sector have $100 billion potential for the company. Indeed, it has become one of the biggest spenders on the technology, but yet to see a significant return. That is a common occurrence throughout Wall Street in 2024. Firms like Meta (META) and Amazon (AMZN) have not been shy about their desire to continue spending on AI development. The move looks to be a smart one, as they seek to compete with Nvidia (NVDA), a company on pace to be the first to break a $4 trillion market cap. Source: CNBC Also Read: Microsoft Stock (MSFT) FY25 Q1 Earnings: AI-Driven Growth Amid Cloud Strength Microsoft AI Spending Hinders Profits but Has Massive Potential, Expert Says Amid Donald Trump’s successful return to the White House, Nvidia officially surpassed Apple (APPL) as the most valuable company in the world. Indeed, the chipmaker has benefited greatly fro...

The end of the week saw a very important statistic come to light as Amazon has outearned Google in one key area amid AMZN’s continued gains to end the week. Indeed, the massive e-commerce company has displayed some positive performance in October’s last two weeks. The development will have Amazon challenging for increased supremacy within the information technology sector. Its stock was up 2.3% Friday, trading at the $188 mark as it looks to end the year strong, preparing for an impressive start when the calendar turns. Source: Reuters Also Read: Amazon AWS to Grow 20%? Why It Has AMZN Targeting $230 Amazon Beats Google in One Key Statistic as AMZN Looks to Surge 2024 has certainly been a positive year for several tech stocks across the board. With Nvidia (NVDA) surging almost 200% throughout that time, it has been followed by a host of stocks quick to embrace the AI demand boom. Yet, the market is still regarding companies that are taking more traditional routes. One that i...

Dogecoin (DOGE) has been in the news for its recent price and network activity uptrends. Over the past seven days, DOGE has surged by nearly 15% and 27% throughout the month. The asset has certainly grown over the years. Looking back, investing a dainty amount in DOGE a few years ago would translate to major gains. Also Read: Apple (AAPL) Stock Plummets: iPhone 16 Orders Slashed by 10M Units Dogecoin’s Growth Over The Years At press time, DOGE was trading at $0.1395 following a 2% spike in the past 24 hours. Despite its latest spikes, the OG meme coin remains 81% below its all-time high of $0.7376. Source Despite being viewed as a joke, Dogecoin has witnessed immense growth. Looking back, a small investment of $100 about five years ago in 2019 would have brought about life-changing gains for many. According to calculations, $100 would have turned into $5,400. That’s a 122% yearly return or a 5,300% total return. Also Read: Cryptocurrency: Top 3 Coins That May Hit All Time Hi...

Former Polygon VP of growth Arjun Kalsy believes that Polygon's integration of zero-knowledge roll-up technology would boost the network's adoption. Ethereum scaling solution, Polygon, has witnessed a lot of adoption through partnerships with major brands like Starbucks and Addidas, which has increased the network's popularity among cryptocurrency users. The former vice president of growth, Arjun Kalsy, breaks down how Polygon has attracted partnerships with major brands and how the project is driving mass crypto adoption.  Arjun Kalsy, before leaving Polygon late last year, led a team tasked with onboarding companies to promote the adoption of the Polygon network. According to Kalsy, talking to brands looking to pivot from Web2 to Web3 or adding elements of the decentralized world to their platforms was always enjoyable. The onboarding process involved several technical meetings where the Polygon network and its capabilities were scrutinized by these major brands, who ...