SharpLink (SBET) Mirrors Optimism for ETH, as Analyst Sees $4,000 Price Surge
We recently published a list of . In this article, we are going to take a look at where SharpLink Gaming, Inc. (NASDAQ:SBET) stands against other best-performing stocks on Wednesday.
SharpLink Gaming rose for a second day on Wednesday, adding 9.09 percent to finish at $37.07 apiece, as investors gobbled up shares on expectations that Ethereum prices will soar as high as $4,000.
Assuming the cryptocurrency hits the amount, it would mark a 48-percent upside from the $2,700 price currently. Ethereum touched the $2,800 price at intra-day trading on Wednesday, but slight profit-taking pulled its share price slightly lower.
In a post on X, futures market trading expert Peter Brandt showed a trading chart showing that Ethereum is ready to fly.
'All dogs have their days—woof woof $ETH,' he captioned.
The strong confidence spilled over into SharpLink Gaming, Inc. (NASDAQ:SBET), which expects to become the largest Ethereum treasury holder.
A digital kiosk showing the diverse range of sports betting options available.
Just recently, SharpLink Gaming, Inc. (NASDAQ:SBET) announced that it successfully raised worth $425 million through a private placement, led by Consensys Software Inc. alongside other investors.
According to SharpLink Gaming, Inc. (NASDAQ:SBET), proceeds from the program will be allocated for the establishment of the Ethereum treasury.
Overall, SBET ranks 8th on our list of best-performing stocks on Wednesday. While we acknowledge the potential of SBET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
Se produjo un error al recuperar la información
Inicia sesión para acceder a tu portafolio
Se produjo un error al recuperar la información
Se produjo un error al recuperar la información
Se produjo un error al recuperar la información
Se produjo un error al recuperar la información
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
President Trump approves partnership between U. S. Steel and Nippon Steel
United States Steel (X) and Nippon Steel (NPSCY) together with its wholly owned subsidiary Nippon Steel North America, announced that President Trump has approved the companies' historic partnership that will unleash unprecedented investments in steelmaking in the United States, protecting and creating more than 100,000 jobs. On May 30, 2025, the partnership was celebrated by thousands of steel workers with President Trump at U. S. Steel's Irvin Plant of Mon Valley Works in West Mifflin, Pennsylvania. In addition to President Trump's Executive Order approving the partnership, the Companies have entered into a National Security Agreement with the U.S. Government. The NSA provides that approximately $11B in new investments will be made by 2028, which includes the initial investment in a greenfield project that would be completed after 2028. The NSA also includes commitments related to governance, domestic production, and trade matters. Along with President Trump's Executive Order, the companies have completed the U.S. Department of Justice review process. With those approvals, all necessary regulatory approvals for the partnership have now been received, and the partnership is expected to be finalized promptly. Confident Investing Starts Here:
Yahoo
2 hours ago
- Yahoo
Trade With China Is Becoming a One-Way Street
President Trump is trying to further open up China's market to U.S. companies as Beijing's appetite for the rest of the world's exports is diminishing
Business Wire
2 hours ago
- Business Wire
Prime Success Responds to Sinovac Biotech's False and Misleading Claims
HONG KONG--(BUSINESS WIRE)--Prime Success L.P., (together with its affiliates, 'Prime Success' or 'we'), a significant shareholder of Sinovac Biotech Ltd. (NASDAQ: SVA) ('Sinovac' or the 'Company') with ownership of approximately 8% of the Company's outstanding shares, today issued the following letter in response to the Company's recent false and misleading claims relating to the upcoming Special Meeting of Shareholders (the 'Special Meeting') scheduled for July 8, 2025. The full text of the letter is below and available at Dear fellow Sinovac shareholders, Prime Success, L.P. (together with its affiliates, 'Prime Success' or 'we'), a significant shareholder of Sinovac Biotech Ltd. (NASDAQ: SVA) ('Sinovac' or the 'Company'), continues to be disappointed by the current Board's ('1Globe Activist Board') distortion of the facts about what is at stake at the upcoming Special Meeting of Shareholders (the 'Special Meeting') scheduled for July 8, 2025. In our June 10 letter we addressed several of the 1Globe Activist Board's misstatements and are taking the opportunity to remind all shareholders why the 1Globe Activist Board cannot be trusted: 1. Prime Success is insisting that a dividend be distributed – for all shareholders The 1Globe Activist Board's false comments are just not credible – why would any investor be against receiving a dividend? The 1Globe Activist Board wants you to believe that Prime Success is the reason that dividends have not been distributed, but we are not the Company and are not on the Board, and dividend distribution decisions are not ours to make. We can only continue to advocate on behalf of all shareholders that they should be made. Under the leadership of a SAIF Partners IV L.P. ('SAIF') nominated Board — composed of seasoned professionals with proven governance experience, deep operational insight, and a track record of building real, lasting value — we are confident that the pattern of internal conflict and ongoing litigation fueled by the 1Globe Activist Board can be broken, and shareholders can look forward to more future dividends. But that will not be possible with the 1Globe Activist Board in power as they have made clear they prioritize endless litigation over the Company's long-term success. 2. The 1Globe Activist Board is deliberately baiting shareholders by setting the dividend distribution date for one day after the Special Meeting. We call upon the Company to make dividend distribution before the Special Meeting The 1Globe Activist Board deliberately set the dividend date for one day after the Special Meeting which creates the false impression that shareholders must vote for the incumbents to receive the dividends. But the upcoming Special Meeting will determine the Company's future direction and the long-term interests of all shareholders. We call on the 1Globe Activist Board to allow for a fair, pro rata distribution of dividends and to move the date of the dividend distribution to before the Special Meeting so the meeting can refocus on its proper purpose: electing a competent Board. 3. The 1Globe Activist Board distorts historic facts to aggrandize 1Globe and smear legitimate investors Let's compare facts against rhetoric of the 1Globe Activist Board. Over the past seven years, what have we contributed to the Company? The critical lifeline investments from Prime Success and Vivo Capital, LLC, combined with management's determined efforts, enabled Sinovac to seize a pivotal opportunity: the development of CoronaVac. This initiative ultimately resulted in the delivery of billions of doses to over 60 countries, generating substantial revenues while saving countless lives. Without the success of CoronaVac, there would not be any sizable dividend to distribute now. In contrast, what has 1Globe done for the Company? It has initiated multi-jurisdictional litigation against Sinovac, leading to a waste of company resources. The 1Globe Activist Board's mischaracterization of 1Globe and Prime Success' relative contribution to Sinovac and its shareholders reveals its deeply partisan nature. 4. Shareholders: looking forward, it's time to focus on what truly matters – the future of your investment in Sinovac Sinovac needs a Board that will roll up its sleeves and run the business, guiding the Company forward on a stable, productive path. The slate put forward by SAIF, consisting of representatives from all shareholders owning more than 5% of the Company's equity stake, many of whom possess deep industry experience, achieves exactly that. We urge all shareholders to focus on the future and choose the leadership that will best secure our Company's success in the years to come. We look forward to continuing to make our case for change to our fellow shareholders and encourage them to wait for and read SAIF's proxy materials before voting for the Special Meeting on July 8, 2025. Sincerely, Prime Success, L.P. About Prime Success, L.P. Prime Success is an investment vehicle established by Advantech Capital specifically to invest in Sinovac and Sinovac Life Sciences; Advantech Capital is a private equity fund established in 2016 with a focus on innovation-driven growth opportunities in China.
