Author: Enos Mwangi

The stock market remained closed today Sunday, June 2nd as the month of May witnessed a bearish trend, with the Sensex and Nifty 50 breaking their three-month gaining streak to end the month in the red.  According to the Tradingview chart in our previous analysis, the Nifty 50 opened May at 22,567 and closed its monthly and weekly candlestick on Friday at 22,530, having recorded a monthly high as well as a 52-week high of 23,110. The Sensex, on the other hand, opened the month of May at 74,391, recorded a 52-week high and monthly high of 76,009, but closed…

Read More

The stock market saw a bearish May, with the Sensex and Nifty 50 breaking their three-month gaining streak to end May bearish. However, in the middle of the volatility, we have several stocks that emerged as the top gainers for the week and month ending 31st May. As evidenced by the Tradingview chart, Nifty 50 opened May at 22,567 and closed its monthly and weekly candlestick on Friday at 22,530, having recorded a monthly high as well as a 52-week high of 23,110. Nifty 50 Index: TradingView Sensex on the other hand, opened the month of May at 74,391 and…

Read More

The crypto space has a new star on the rise, Notcoin (NOT). Launched just over two weeks ago on May 16th, 2024, the NOT token hit major exchanges like OKX, MEXC and KuCoin, instantly catching traders’ attention. NOT is primarily associated with the TON blockchain and the community can mine Notcoin through a game on the Telegram platform, where they “mine” by clicking on an animated coin icon. At the time of writing, Notcoin is trading at $0.0120, up an incredible 152.94% over the last 7 days despite a drop of 4.67% in the last 24 hours alone. Its market…

Read More

On the fourth consecutive day of market decline, both Sensex and Nifty 50 closed significantly lower, continuing the recent trend of losses. The Sensex fell by 617 points, closing at 73,885.60, marking a 0.83% decrease. Similarly, the Nifty 50 dropped by 216.05 points, closing below the 22,500 mark at 22,488.65, reflecting a 0.95% decline. Throughout the day, Nifty 50 fluctuated between a high of 22,705.75 and a low of 22,417.00, while Sensex saw a range between 74,493.55 and 73,668.73. Sensex Index: TradingView Let us look at the top 10 Nifty 50 gainers for the day, having covered the overall top…

Read More

Litecoin (LTC), one of the pioneering crypto assets, is undergoing a potential bullish resurgence as its network activity and overall utility reach new heights. Data from the Litecoin Team in early May reveals that LTC has been the most dominant crypto on the BitPay payment processor all year, recording an impressive 41% market share. As of press time, Litecoin is trading at $83.84, up 0.08% in the last 24 hours but down 3.01% over the last 7 days. It has a market cap of $6.25 billion, ranking 21, and with a 24-hour trading volume of $317 million. LTC Price Chart;…

Read More

In today’s trading session, the Indian stock market experienced a notable pullback, with key indices closing nearly 1% lower. The BSE Sensex fell by 668 points to close at 74,502.90, marking a decline of 0.89%, while the Nifty 50 slipped by 183.45 points, closing at 22,704.70, down by 0.80%. Both indices fluctuated within tight ranges throughout the day, with the Sensex moving between 74,454.55 and 74,986.22 and the Nifty ranging from 22,685.45 to 22,825.50.  BSE Sensex Index: TradingView This downturn reflects broader concerns in the market, possibly triggered by domestic and international economic cues. Major stocks recorded losses today,…

Read More

The meme cryptocurrency Shiba Inu (SHIB) has been on a slash, surpassing Cardano to become the 10th largest crypto globally with a market cap of over $16 billion. SHIB’s price currently sits at $0.000028, up an impressive 5.26% in the last 24 hours, a drop from 16% in the same time frame and over 17% surge over the past 30 days. SHIB Price Chart: CoinMarketCap The recent rally may have been catalyzed by the U.S. SEC approving all Ethereum (ETH) exchange-traded funds (ETFs). As SHIB is an ERC-20 token built on the Ethereum blockchain, increased investor interest in Ethereum could…

Read More

Dogecoin (DOGE), the beloved meme-inspired digital asset, continues to make waves. According to the latest market data, DOGE is currently trading at $0.168, marking a 1.97% increase over the last 24 hours and an 18% surge in the last 30 days. DOGE Price Chart: CoinMarketCap With a market cap of $24.2 billion, Dogecoin holds its position as the 8th largest crypto asset by market cap. The trading volume over the last 24 hours stands at $1.5 billion. Also, the volume-to-market cap ratio, a key indicator of market activity and liquidity, sits at 5.96% for Dogecoin, suggesting a healthy level of…

Read More

The Indian stock markets had a relatively subdued session on Tuesday, with the benchmark indices Nifty 50 and Sensex ending nearly flat. The Nifty 50 closed at 22,888.15, down a marginal 0.19%, while the Sensex ended at 75,170.45, up 0.29% or 220.05 points. The indices displayed a narrow trading range, with the Nifty 50 fluctuating between 22,858.50 and 22,998.55 and the Sensex moving between 75,083.22 and 75,585.40 points. The flat close came on the back of mixed cues from global markets and profit-booking by investors after the recent rally. BSE Sensex Index: TradingView Let’s look at the overall top gainers…

Read More

BONK has been on a great surge in recent weeks and has proven that it’s not just an average memecoin. According to Coinmarketcap data, in the last 24 hours, BONK’s price has surged by 5.08% to read at $0.00003839, while its 7-day and 30-day gains stand at 23.17% and 41.96%, respectively, as of press time. With a market capitalization of $2,528,321,092, BONK now ranks as the 47th largest cryptocurrency by market cap. BONK Price Chart: Coinmarketcap The most interesting thing is that BONK’s trading volume has increased by 106.36% in the past 24 hours, reaching $960 million. This increase in…

Read More