Rating
★★★★★
Average 4.9 / 5 out of 1B
Rank
1st, it has 777k monthly views
Comics
One Piece
Author(s)
ODA Eiichiro    
Genre(s)
Action, Comedy, Drama, Fantasy, Manga, Shounen    
Type
Manga
Tag(s)
Chapter, Chapters, Comic, Comics, Manga, Original, Volume, Volumes    

Summary

As a child, Monkey D. Luffy dreamed of becoming the King of the Pirates. But his life changed when he accidentally gained the power to stretch like rubber…at the cost of never being able to swim again! Now Luffy, with the help of a motley collection of nakama, is setting off in search of “One Piece,” said to be the greatest treasure in the world…

Writer
Reiju
A huge anime and manga nerd that only functions after having a Starbucks coffee. Stay updated with the latest anime and manga developments by following us!

About
Read One Piece Manga Online / Best & Free Manga Online in High Quality.

One Piece (Japanese: ワンピース Hepburn: Wan Pīsu) is a Japanese manga series written and illustrated by Eiichiro Oda. It has been serialized in Shueisha’s Weekly Shōnen Jump magazine since July 22, 1997, and has been collected into 94 tankōbon volumes.

Showing posts with label crypto stocks. Show all posts
Showing posts with label crypto stocks. Show all posts
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Crypto Stocks Gain as Bitcoin Price Sets New Record This Holiday

Yesterday's Bitcoin (BTCUSD) price increase had a similar effect on the prices of investment products associated with cryptocurrencies. Most of them were hit with a pleasant initial jolt in prices as news of the cryptocurrency's new price record price made its way to the markets. By the end of the day, some had shed their gains, but an overhang of celebration for Bitcoin's price jump remains in their price. To be sure, Bitcoin price has been on an upswing for most of this year. After being the doldrums for most of 2019, the cryptocurrency has racked up gains of over 197% this year. The figure makes it the best-performing asset this year, even ahead of the S&P 500 Index. But the prices of companies and investment products associated with cryptocurrencies haven't always followed Bitcoin's price trajectory. This is partly because they have varying degrees of exposure to cryptocurrency markets. Companies that hold Bitcoin or are involved in mining the cryptocurrency benefitted from a surge of investor interest yesterday. Others, which are riding the Bitcoin and blockchain bandwagon, not so much. Here are some stocks and investment products that witnessed an increase in prices due to the Bitcoin price jump.

 


The recently introduced Bitwise 10 Crypto Index Fund (BITW) had a record opening last week. Bitcoin's price increase provided its shares with further momentum, and its price surged by as much as 19% from its opening price to $140 per share. It has retrenched slightly since then but is still up by 18% from the day's start. Bitwise claims that its fund is an easy way for investors to access Bitcoin. But the firm has also cautioned that the fund could trade at a significant and varying price premium to the actual asset. That warning is a much-needed disclaimer, considering volatility of crypto markets and varying demand patterns for crypto exposure by investment firms. Interestingly, BITW competitor Grayscale Bitcoin Trust (GBTC), another bitcoin holding company that trades in OTC markets, did not witness a similar price jump today. GBTC has a volatile price history. During the 2017 run-up in Bitcoin prices, GBTC shares traded for a premium of as much as 100% to the actual Bitcoin price at crypto exchanges. But the gains of today's price action accrued to BITW instead of GBTC. Hut 8 Mining Corp. (HUTMF), Marathon Patent Group, Inc. (MARA), and Canaan Inc. (CAN) are Bitcoin mining companies headquartered in Canada, the United States, and China, respectively. Bitcoin prices directly affect their operations because an increase in price generates demand for their mining machines and Bitcoin holdings. During the crypto price bubble of 2017, Bitmain – the world's biggest miner – recorded profits of $952.6 billion on the back of increased demand for cryptocurrency mining machines. While the current rally is expected to produce similar demand for Bitcoin from institutional investors, it will not result in production of more Bitcoin since the cryptocurrency's quantity is halved every four years. Canaan's share price jumped by as much as 15% in the morning before falling back. The Beijing-based company reported losses last quarter due to declining demand for its machines. Hut 8 Mining's price ended the day with an increase of 6% from the day's start. The Canadian company also reported losses last quarter. Whether the price increase reverses the business prospects for both companies remains to be seen. Marathon Patent's share price jumped by 7% after markets opened. By day's end, its gains were approximately 1.16%. The Nevada-based miner has already forecast upbeat revenue and profits in the coming quarters. MicroStrategy Incorporated (MSTR) is, perhaps, the most obvious stock to benefit from Bitcoin's rise. Its stock price began rising after closing the previous day and within 30 minutes of opening was already up by approximately 8.5% from its closing price. It lost some value but still ended the day 13.33% above its closing price from the previous day. The software company, which some analysts liken to a Bitcoin holding company, recently raised $650 million from the bond market to purchase Bitcoin as part of its treasury management strategy.