Tag: maintains

  • SoCalGas Maintains Steady Income Stream: $0.375 Dividend Confirmed for April


    LOS ANGELES, Jan. 30, 2025 /PRNewswire/ — The board of directors of Southern California Gas Company (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows:

    SoCalGas:

    Preferred Stock                                             

    $0.375 per share

    Preferred Stock, Series A                             

    $0.375 per share

     

    The dividends are payable on April 15, 2025, to shareholders of record on March 10, 2025.

    About SoCalGas
    SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters’ Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas.

      

    SoCalGas Logo (PRNewsfoto/San Diego Gas & Electric,Southern California Gas Company)

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/socalgas-declares-preferred-dividends-302364862.html

    SOURCE Southern California Gas Company



    SoCalGas, one of the largest natural gas utilities in the United States, has announced that it will be maintaining its steady income stream by confirming a $0.375 dividend for the month of April. This news comes as welcome relief to investors who rely on the utility company for a consistent source of income.

    Despite facing challenges in the energy industry, SoCalGas has remained resilient and continues to provide reliable service to its customers. The company’s commitment to maintaining its dividend payout demonstrates its financial stability and long-term growth potential.

    Investors can expect to receive the $0.375 dividend in their accounts in the coming weeks, providing them with a steady income stream during these uncertain times. SoCalGas’ dedication to delivering value to its shareholders is a testament to its strong performance and commitment to sustainable growth.

    Overall, SoCalGas’ confirmation of the $0.375 dividend for April is a positive sign for investors and a reflection of the company’s solid financial position. Investors can rest assured that their investment in SoCalGas will continue to provide them with a reliable source of income for the foreseeable future.

    Tags:

    SoCalGas, Southern California Gas Company, steady income stream, dividend, dividend confirmation, $0.375 dividend, April dividend, utility company, natural gas provider, California utility, financial news, income updates

    #SoCalGas #Maintains #Steady #Income #Stream #Dividend #Confirmed #April

  • Stifel Adjusts Price Target on International Business Machines to $271 From $246, Maintains Buy Rating -January 30, 2025 at 06:41 am EST



    Real-time Estimate


    Cboe BZX



    10:23:52 2025-01-30 am EST

    5-day change 1st Jan Change

    261.30 USD

    +14.29% Intraday chart for IBM +14.89% +18.13%

    January 30, 2025 at 06:41 am EST

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    © MT Newswires – 2025

    International Business Machines, Telefonica’s Unit Partner to Develop Security Systems Against Future Quantum Computing Threats


    10:21am

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    BofA Securities Adjusts Price Target on International Business Machines to $270 From $260, Keeps Buy Rating


    10:19am

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    IBM partners with Telefónica on quantum cybersecurity


    09:43am

    CF

    Fed chills, Apple thrills, and the ECB’s rate pills


    09:41am
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    Jefferies Adjusts International Business Machines Price Target to $270 From $245


    08:28am

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    Stocks Rise Pre-Bell as Investors Digest Key Tech Earnings; Asia, Europe Strong


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    BMO Capital Adjusts Price Target on International Business Machines to $280 From $260, Maintains Market Perform Rating


    07:02am

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    Evercore ISI Adjusts Price Target on International Business Machines to $275 From $240, Maintains Outperform Rating


    06:41am

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    Stifel Adjusts Price Target on International Business Machines to $271 From $246, Maintains Buy Rating


    06:41am

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    RBC Adjusts Price Target on International Business Machines to $276 From $250, Maintains Outperform Rating


    06:41am

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    Morgan Stanley Adjusts Price Target on International Business Machines to $228 From $217, Maintains Equalweight Rating


    06:41am

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    Goldman Sachs Adjusts Price Target on International Business Machines to $275 From $250, Maintains Buy Rating


    06:40am

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    IBM : Gets a Buy rating from Goldman Sachs


    06:26am

    ZD

    JPMorgan Adjusts Price Target on International Business Machines to $244 From $233, Maintains Neutral Rating


    06:22am

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    Earnings, Tech Nudge Wall Street Up Pre-Bell; Asia, Europe Higher


    06:22am

    MT

    Telefonica Tech and IBM Sign A Collaboration Agreement for Quantum-Safe Technology


    06:00am

    CI

    CAC40: attempts a rebound after three sessions in the red


    04:56am

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    IBM: EPS virtually unchanged in Q4


    03:40am

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    CAC 40: small rebound in sight despite techs and the Fed


    02:36am

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    Will Lagarde’s cuts wake the sleepy euro economy?


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    IBM : UBS reiterates its Sell rating


    01:55am

    ZD

    Wall Street: Fed without impact, Microsoft and Tesla disappoint


    01:35am

    CF

    Stocks to Watch : Tesla, IBM, Microsoft, Lam Research, Cargo Therapeutics


    07:16pm

    DJ

    International Business Machines Corporation, Q4 2024 Earnings Call, Jan 29, 2025


    Jan. 29

    IBM Q4 Non-GAAP Earnings, Revenue Increase; Shares Rise After Hours


    Jan. 29

    MT


    IBM: Dynamic Chart

    Logo IBM

    International Business Machines Corporation (IBM) is one of the world’s leading computer services companies. Net sales break down by activity as follows:

    – cognitive solutions and transaction processing software development (42.5%);

    – IT services (32.3%): consulting (management of logistic chains, financial performance, CRM, human resources, etc.), application management, systems integration, cloud computing, hosting, technical support services, etc.;

    – sale of IT infrastructure (23.6%): hybrid IT infrastructure solutions, microcomputers, servers, peripheral devices, networks, data storage equipment, etc.;

    – financing of computer equipment (1.2%);

    – other (0.4%).

    Net sales are distributed geographically as follows: the United States (40.9%), Americas (10.3%), Europe/Middle East/Africa (29.9%) and Asia/Pacific (18.9%).


    More about the company

    Sell

    Consensus

    Buy

    Last Close Price

    228.63USD

    Average target price

    229.80USD

    Spread / Average Target

    +0.51%

    Consensus

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    Stifel Adjusts Price Target on International Business Machines to $271 From $246, Maintains Buy Rating -January 30, 2025 at 06:41 am EST

    Stifel, a leading global investment bank, has adjusted its price target on International Business Machines (IBM) to $271 from $246 while maintaining its Buy rating on the stock. The updated price target reflects Stifel’s positive outlook on IBM’s future performance and growth potential.

    IBM, a multinational technology company known for its hardware, software, and services offerings, has been experiencing steady growth and innovation in recent years. Stifel’s decision to raise the price target is a testament to the company’s strong fundamentals and strategic direction.

    Investors interested in IBM should take note of this updated price target and consider the Buy rating from Stifel as a positive indicator of the company’s prospects. As always, it’s important to conduct thorough research and analysis before making any investment decisions.

    Tags:

    Stifel, International Business Machines, Price Target Adjustment, Buy Rating, Stock Market News, Investment Analysis, January 30 2025, Stifel Analyst Report, IBM Stock Price, Financial Forecasting

    #Stifel #Adjusts #Price #Target #International #Business #Machines #Maintains #Buy #Rating #January #EST

  • KeyBanc maintains $575 target on Microsoft stock post-analysis By Investing.com


    On Friday, KeyBanc Capital Markets reiterated its Overweight rating on Microsoft Corporation (NASDAQ:) with a steady price target of $575.00. The tech giant, currently valued at $3.32 trillion, maintains a “GREAT” financial health score according to InvestingPro analysis, with notably low price volatility and strong profitability metrics. The firm’s analysis highlighted a significant increase in Azure instances, indicating stronger than expected non-AI growth, due to a rise in CPU usage. Over the December quarter, which aligns with Microsoft’s fiscal second quarter, Azure instances saw a 17.3% sequential increase and a 28.0% rise year-on-year, marking multi-year highs for the cloud computing service. This growth aligns with Microsoft’s impressive overall revenue growth of 16.44% over the last twelve months, as reported by InvestingPro.

    The increase in Azure instances is noteworthy against the backdrop of concerns about capacity constraints potentially hindering growth. This surge is partly attributed to the launch of Microsoft’s Azure CPUs, which are estimated to have contributed 2.5% to the sequential growth and 2.8% to the year-on-year growth. Additionally, CPUs from Intel (NASDAQ:) and AMD (NASDAQ:) were significant contributors to this expansion. Collectively, these three sources accounted for 99.8% of the instance growth in the past quarter.

    KeyBanc’s analysis suggests that the substantial growth in Azure instances is predominantly driven by CPU-based services, which may indicate that AI-related capacity constraints have not been fully resolved. The report emphasizes that while the number of instances has increased notably, the growth in GPU availability, particularly for advanced applications, may still be limited.

    The firm remains optimistic about non-AI Azure revenue, projecting a $250 million increase over consensus estimates for Azure revenue in the second fiscal quarter of 2025. This optimism is rooted in the stronger performance of non-AI Azure services compared to AI-related revenues. The data points to a robust increase in instances towards the end of the previous year, mainly from Intel, AMD, and in-house CPUs, while the GPU segment might still face sourcing challenges. With Microsoft’s upcoming earnings report just 5 days away, InvestingPro subscribers can access 15+ additional exclusive insights and a comprehensive Pro Research Report that provides deep-dive analysis of Microsoft’s financial health and growth prospects.

    In other recent news, Microsoft and Kopin Corp have been the focus of recent developments in the tech industry. UBS analysts suggest a modest improvement in cloud infrastructure spending, with Microsoft poised to benefit significantly from the ongoing shift from on-premise systems to cloud services. However, UBS anticipates limited immediate upside for Azure, Microsoft’s cloud service. Meanwhile, Kopin Corp has expressed interest in the U.S. Army’s recompetition process for Microsoft’s Integrated Visual Augmentation System (IVAS) production contract, which has led to a Buy rating from Lake Street Capital Markets analyst.

    Microsoft also announced the immediate resignation of Christopher D. Young, Executive Vice President of Business Development, Strategy, and Ventures. The company has not announced immediate changes to its executive team or business strategy following Young’s departure. Additionally, Microsoft stands to gain from the Stargate Project, an investment initiative aimed at expanding AI infrastructure in the United States, which is expected to invest up to $500 billion over the next four years.

    Moreover, a $100 billion joint venture in the AI sector has been announced, involving SoftBank (TYO:) Group Corp., OpenAI, and Oracle Corp (NYSE:). The venture aims to fund AI infrastructure, with a goal to raise funding to at least $500 billion. Microsoft Corp ., and Nvidia Corp . (NASDAQ:), among others, will provide technology support for this venture. These are recent developments in the tech industry.

    This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.





    KeyBanc maintains $575 target on Microsoft stock post-analysis

    KeyBanc has reiterated its target price of $575 on Microsoft stock following a thorough analysis of the company’s financials and market conditions. The firm believes that Microsoft’s strong performance in cloud computing and software services will continue to drive growth in the coming quarters.

    The tech giant has been a standout performer in the technology sector, with its Azure cloud platform and Office 365 suite of productivity tools leading the way. Microsoft’s recent acquisition of LinkedIn has also been seen as a strategic move to further strengthen its position in the market.

    KeyBanc’s target price of $575 represents a significant upside potential from Microsoft’s current trading price, indicating that the firm remains bullish on the stock’s long-term prospects. Investors who are looking for a solid tech investment may want to consider adding Microsoft to their portfolio based on KeyBanc’s analysis and target price.

    Tags:

    1. Microsoft stock analysis
    2. KeyBanc target price
    3. Investing.com post-analysis
    4. Microsoft stock forecast
    5. KeyBanc analyst report
    6. Microsoft stock price target
    7. Investing.com stock news
    8. Microsoft stock performance
    9. KeyBanc investment recommendation
    10. Microsoft stock update

    #KeyBanc #maintains #target #Microsoft #stock #postanalysis #Investing.com

  • Kia Rookie Ladder: Alex Sarr maintains No. 1 spot before upcoming test


    Ladder leader Alex Sarr (left) and rookie teammate Bub Carrington are playing big minutes in Washington’s rotation.

    • Get NBA League Pass TODAY >

    Movement was limited this week on the Kia Rookie Ladder, with Stephon Castle climbing a spot, No. 1 pick Zaccharie Risacher slipping a couple and Portland’s Donovan Clingan returning with some heavy work on the boards.

    Washington’s Alexandre Sarr hung onto the top spot for a second week with highlights at both ends. The 7-footer from Bordeaux, France, ranks fourth in points, second in rebounds, fifth in assists, second in blocked shots and 10th in steals among rookies.

    Here are updates on this season’s top newcomers:


    Weekly recap

    Sarr and fellow Washington rookies Bub Carrington and Kyshawn George have combined to play 1,898 minutes, way out in front of any other team’s group of newbies. The Wizards are only the seventh team since 1997-98 to deploy three or more rookies at least 25 minutes or more per game.

    Yves Missi is no one-off, as far as hoops skills in his household. His parents played for Cameroon’s national men’s and women’s teams. His brother Steve Mondou-Missi played at Harvard a decade ago. As Missi told Andscape: “Basketball has always been something in my family. … My brother was good. My parents, according to them, they were super good.”

    Tough turf toe: OKC’s Ajay Mitchell had to have surgery on his right big toe, and according to the team will be reevaluated in 10-12 weeks.

    It’s not what NBA lottery picks dream about, but Houston’s Reed Sheppard made the most of a challenging situation: He wound up being named NBA G League Player of the Week after averaging 30.7 points and eight assists per game for the Rio Grande Valley Vipers. The Rockets had sent him there for reps, to get comfortable running a team and to seek shots he wasn’t getting in limited minutes with them. Said Sheppard: “The biggest thing was just getting my confidence back, going down and being able to get up and down the court. Kind of play free, play loose, really, just play the game of basketball and enjoy it.


    Storyline to watch

    No spell stops the wall. The Wizards’ rookie crew has already been feeling the effects of NBA scheduling, and it soon dials up further still. After facing Phoenix on Thursday, Washington hits the road for six games against the West in 10 nights. The Wizards return home for a back-to-back, then head out again to open February with three more on the road. And Carrington already said: “I’ve never played this [many] games, never played this [many] minutes as well. So it’s definitely taken a toll.


    Latest ranking

    (All stats through Tuesday, Jan. 14)

    1. Alexandre Sarr, Washington Wizards

    Season stats: 11.7 ppg, 6.6 rpg, 1.6 bpg
    Last Ladder: No. 1
    Draft pick: No. 2

    Sarr’s shooting and scoring have dipped from his East Rookie of the Month work in December, but his rebounds and assists are up. Against Minnesota, he contributed 13 points, hit 3-of-5 from the arc and had two steals and two blocks.


    2. Yves Missi, New Orleans Pelicans

    Season stats: 9 ppg, 8.2 rpg, 1.4 bpg
    Last Ladder: No. 2
    Draft pick: No. 21

    It didn’t happen when their teams met Friday — Joel Embiid missed yet another game — but the Sixers’ center had looked forward to facing his young fellow Cameroonian. “I can’t wait to kick his ass, but I’m happy for him,” Embiid told Andscape. “He has a chance to be really good. Right now, he’s doing what he’s supposed to do. But I would also hope that he keeps working on his game because I think there’s way more to come.”


    3. Jaylen Wells, Memphis Grizzlies

    Season stats: 11.7 ppg, 3.4 rpg, 1.7 apg
    Last Ladder: No. 3
    Draft pick: No. 39

    Snapshots of Wells’ ability to pester opponents’ top scorers were on display in the Grizzlies’ 127-125 victory at Minnesota. The rookie’s 13-point performance on 4-of-13 shooting loomed large because he helped limit the Timberwolves’ Anthony Edwards to 15 points on, yes, 4-of-13 shooting that included five 3s without a make.


    4. Stephon Castle, San Antonio Spurs

    Season stats: 11 ppg, 2.4 rpg, 3.6 apg
    Last Ladder: No. 5
    Draft pick: No. 4

    Castle had a resurgent performance in San Antonio’s victory over the Lakers on Monday. He scored 23 points on 10-of-16 shooting in 36 minutes, with four rebounds and a pair of steals. “A lot of people focus on what he can’t do instead of what he can,” Spurs interim coach Mitch Johnson said. “And what he can do is impact the game in so many ways. Nights like this are just the beginning for him.”


    5. Zach Edey, Memphis Grizzlies

    Season stats: 9.9 ppg, 7.5 rpg, 1.1 bpg
    Last Ladder: No. 4
    Draft pick: No. 9

    Houston’s Steven Adams, into whose shoes Edey has slipped, praised the younger, bigger man to The Commercial Appeal. “Really good potential. Obviously, limitless. He’s just young. He has to learn this game of the NBA.”


    The Next 5

    6. Tristan da Silva, Orlando Magic

    Season stats: 8.8 ppg, 4.1 rpg, 1.7 apg
    Last Ladder: No. 7
    Draft pick: No. 18

    The teammate he helped replace, Paolo Banchero, is back and said this of the rookie: “He can kind of fit out there with anybody, any lineup. He finds his way on both sides of the ball.

    7. Bub Carrington, Washington Wizards

    Season stats: 8.9 ppg, 4.3 rpg, 4.1 apg
    Last Ladder: No. 8
    Draft pick: No. 14

    Tops all rookies in total minutes and assists, third in steals, fifth in shots and eighth in points.

    8. Zaccharie Risacher, Atlanta Hawks

    Season stats: 10.5 ppg, 3.5 rpg, 1.2 apg
    Last Ladder: No. 6
    Draft pick: No. 1

    Continues as a nominal starter, one reason Atlanta’s bench is among the league’s best. His replacements bring more aggressiveness.

    9. Ryan Dunn, Phoenix Suns

    Season stats: 7.2 ppg, 3.2 rpg, 0.9 apg
    Last Ladder: No. 9
    Draft pick: No. 28

    Bringing a bit of grit to the Suns’ slick starters, pending a possible Jimmy Butler trade. “With me being in a starting lineup and getting a lot of minutes, I didn’t expect that for myself,” Dunn said.

    10. Donovan Clingan, Portland Trail Blazers

    Season stats: 5.6 ppg, 6.5 rpg, 1.5 bpg
    Last Ladder: Not ranked
    Draft pick: No. 7

    Big week for the Blazers’ young big man, averaging 7.7 points, 11.7 boards and 1.7 blocks. He took some lumps vs. Brooklyn on Tuesday with a blow to the face and a late-game ankle injury.

    * * *

    Steve Aschburner has written about the NBA since 1980. You can e-mail him here, find his archive here and follow him on X.

    The views on this page do not necessarily reflect the views of the NBA, its clubs or Warner Bros. Discovery.





    In the latest edition of the Kia Rookie Ladder, Alex Sarr has managed to maintain his No. 1 spot before an upcoming test that will surely challenge his position.

    Sarr, who has been a standout performer since the beginning of the season, has continued to impress with his scoring, rebounding, and defensive skills. His ability to impact the game on both ends of the floor has been a key factor in his rise to the top of the rookie rankings.

    However, with a tough stretch of games on the horizon, Sarr will face some stiff competition that will put his skills to the test. It will be interesting to see how he responds to the increased pressure and whether he can maintain his position at the top of the ladder.

    As the season progresses, the race for the top spot in the rookie rankings is heating up, and it will be fascinating to see how Sarr and his fellow rookies perform in the coming weeks. Stay tuned for updates on the Kia Rookie Ladder as the competition intensifies.

    Tags:

    Kia Rookie Ladder, Alex Sarr, No. 1 spot, upcoming test, NBA rookie rankings, rookie players, basketball news, top rookie player, Alex Sarr performance, 2021 NBA draft, rookie of the year contender, rising star Alex Sarr.

    #Kia #Rookie #Ladder #Alex #Sarr #maintains #spot #upcoming #test

  • Top meme coins Shiba Inu and PEPE rally as crypto market maintains bullish momentum


    • Meme coins Shiba Inu and PEPE have seen double-digit gains in the past 24 hours.
    • SHIB could rally to $0.0000299 if it validates a rounded bottom move.
    • PEPE could rally to tackle its all-time high of $0.0000280 after overcoming a key trendline resistance.

    Top meme coins Shiba Inu (SHIB) and PEPE rallied above 10% on Friday as the crypto market looked strong heading into the weekend. A massive surge in open interest in both tokens indicates rising investors’s optimism.

    PEPE and SHIB mark gains following open interest surge

    Meme coins SHIB and PEPE are among the top gainers in the crypto market on Friday, each rallying above 10% in the past 24 hours.

    SHIB sustained a 10% gain in the past week, with its trading volume hitting $1 billion for the first time since December 22. The surge in trading volume indicates rising investor activity on centralized exchanges.

    Coinglass data reveals that SHIB saw a surge in exchange net inflows, which increased to nearly $20 million in the past 24 hours. The rise in inflows suggests investors may be looking to book profits with the recent market recovery.

    SHIB Exchange Netflows

    SHIB Exchange Netflows. Source: Coinglass

    However, SHIB’s open interest remains at elevated levels, rising from 3 trillion SHIB on January 1 to over 22 trillion SHIB at press time — a more than 600% increase. This indicates heightened optimism and potential for increased volatility.

    On the daily chart, SHIB is attempting to validate a rounded bottom pattern but faces resistance at the $0.0000249 level. This resistance is strengthened by the 50-day Simple Moving Average (SMA).

    A high volume move above $0.0000249 and establishing it as a support level could see SHIB rally to $0.0000299 — just below the $0.0000300 psychological level. The target is obtained by measuring the pattern’s height and projecting it upward from the potential breakout point.

    SHIB/USDT daily chart

    SHIB/USDT daily chart

    A daily candlestick below $0.0000200 will invalidate the thesis.

    PEPE could tackle its all-time high resistance at $0.0000280

    PEPE has seen increased buying activity as it recorded net outflows of over $40 million across top exchanges in the past seven days.

    Its open interest also saw an uptick during the week, reaching a one-year high of 28.99 trillion PEPE on Tuesday.

    Following the rising OI, PEPE broke above a descending trendline resistance extending from December 9 and is looking to overcome the 50-day Simple Moving Average (SMA) hurdle.

    If it holds this trendline as a support level and surge above the SMA hurdle, it could clear the resistance at $0.0000218 and rally toward its all-time high of $0.0000280.

    PEPE/USDT daily chart

    PEPE/USDT daily chart

    A daily candlestick close below $0.0000166 will invalidate the thesis and send PEPE toward the $0.0000120 level.

    Meanwhile, several other meme coins have rallied in the past 24 hours, including DOGE, BONK and FLOKI, rising nearly 10%.




    The meme coin craze continues as Shiba Inu and PEPE rally alongside the broader cryptocurrency market. Both coins have seen significant gains in recent days, with Shiba Inu up over 20% and PEPE up over 30%.

    Shiba Inu, often referred to as the “Dogecoin killer,” has been gaining popularity among retail investors due to its low price and meme status. The coin has seen a surge in interest on social media platforms like Reddit and Twitter, driving up its price and market cap.

    PEPE, on the other hand, is a newer meme coin that has been gaining traction in the crypto community. The coin is based on the popular Pepe the Frog meme and has been embraced by meme enthusiasts looking for the next big thing in the meme coin space.

    Both Shiba Inu and PEPE are benefiting from the overall bullish momentum in the crypto market, with Bitcoin and Ethereum hitting new all-time highs. As more investors flock to the crypto space, meme coins like Shiba Inu and PEPE are likely to continue to see gains in the coming days and weeks.

    It’s important to note that meme coins can be highly volatile and speculative investments, so investors should exercise caution and do their own research before diving into these coins. However, for those looking to ride the meme coin wave, Shiba Inu and PEPE are certainly two coins to keep an eye on as they continue to rally in the bullish crypto market.

    Tags:

    • meme coins
    • Shiba Inu
    • PEPE
    • crypto market
    • bullish momentum
    • cryptocurrency
    • digital assets
    • meme tokens
    • crypto rally
    • altcoins
    • blockchain technology
    • cryptocurrency news
    • digital currency trends
    • meme coin investments
    • Shiba Inu price
    • PEPE token rally
    • crypto market analysis

    #Top #meme #coins #Shiba #Inu #PEPE #rally #crypto #market #maintains #bullish #momentum

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