Those invested in AMP Ltd (ASX: AMP) shares for the dividends have likely been bitterly disappointed over the last few years.

Aside from a special dividend paid in 2020, the S&P/ASX 200 Index (ASX: XJO) company hasn’t handed investors a portion of its profits since 2019.

Previously, the financial services provider said it would reinvestigate potential dividends following its demerger.

But, with its plan to split now scrapped, when might investors hear word of a dividend from AMP? Let’s take a look.

When might AMP shares next pay a dividend?

The last few years have been tough on AMP and its share price. The company’s stock has tumbled 77% over the last five years. It’s trading at $1.13 today.

For those who missed it, the company’s downfall was seemingly spurred by the financial services royal commission. The decision to drop its dividends in financial year 2018 and ditch them entirely in financial year 2019 only exacerbated the pain.

Ultimately, the embattled company came up with a plan to return to growth by splitting in two. AMP noted it would review its capital management strategy and dividends following the demerger.

It was to break into AMP Limited and AMP Capital’s private markets business, the latter dubbed Collimate Capital.

If that name sounds familiar, it’s likely because the business was recently sold for around $2 billion. Thus, the demerger won’t be going ahead.

So, when will the company consider paying dividends now? Well, that’s ultimately a mystery.

However, it’s expecting to hand most of the proceeds of the Collimate Capital sale to shareholders.

That will likely see AMP undergoing an on-market share buyback or capital return. The latter could take the form of a special dividend, reports The Motley Fool’s Brendon Lau.

Additionally, the company’s annual general meeting this Friday might provide more answers on future dividends. As might its half-year results, set to drop in August.

It might be worth keeping hopes low for now, though.

Back in January, my Fool colleague James Mickleboro reported broker Citi wasn’t expecting AMP shares to pay a dividend until financial year 2024.

The post When might the dividend drought break for AMP shares? appeared first on The Motley Fool Australia.

More reading

• What was the highest ever AMP share price?
• Why this top broker says the AMP share price is 27% over-valued
• Top brokers name 3 ASX shares to sell next week
• Could the worst now be over for the AMP share price?
• Top brokers name 3 ASX shares to sell today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Looking for dividend shares to buy this month? Then have a look at the ones listed below that have been given buy ratings and tipped to pay big dividends.

Here’s what you need to know about these dividend shares:

Australia and New Zealand Banking Group (ASX: ANZ)

This banking giant could be a dividend share to buy. Particularly given the positive outlook for interest rates in Australia and its solid performance so far in FY 2022. In respect to the latter, ANZ recently released its half-year results and reported cash earnings from continuing operations of $3,113 million. This represents a 4% increase over the prior corresponding period.

In response to its half-year update, the team at Citi maintained their buy rating and $30.75 price target on the bank’s shares.

In addition, the broker has pencilled in fully franked dividends per share of 147 cents in FY 2022 and then 170 cents in FY 2023. Based on the current ANZ share price of $25.85, this implies yields of 5.7% and 6.6%, respectively, over the next two years.

BHP Group Ltd (ASX: BHP)

Another ASX dividend share to look at is mining giant BHP. It is one of the world’s largest miners with a portfolio of world class operations across a number of commodities.

Thanks to strong commodity prices, these operations are generating high levels of free cash flow. And with BHP’s balance sheet remaining robust, the majority of this free cash flow is likely to find its way to shareholders in the form of dividends.

Citi is also very positive on BHP and has a buy rating and $56.00 price target on its shares.

It recently commented that there is “too much cash flow to ignore.” The broker expects this to underpin fully franked dividends per share of ~$4.86 in FY 2022 and then ~$4.89 in FY 2023. Based on the current BHP share price of $46.99, this implies yields of 10.3% and 10.4%, respectively.

The post Experts name 2 ASX dividend shares to buy with big fully franked yields appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares I have supreme confidence in: fund manager
• Is the Telstra share price cheap compared to other ASX 200 shares?
• Already down 7% in 2022, is the ANZ share price cheap?
• How big is the BHP dividend yield going to be in 2022 and 2023?
• Which ASX 200 mining share has the highest dividend yield in May?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Shares of several U.S.-based electric vehicle (EV) companies are moving higher today and investors can probably thank Rivian Automotive (NASDAQ: RIVN) for that. Shares of Rivian jumped as much as 11.2% in early trading today, and that helped the stocks of other EV names, including Lucid Group (NASDAQ: LCID) and Nikola (NASDAQ: NKLA), to also move higher by 6% and 6.8%, respectively. 

All three stocks cooled down somewhat after the early jumps. As of 12:20 p.m. ET, shares of Rivian, Lucid, and Nikola were holding gains of 8.6%, 1.6%, and 2.2%, respectively. And there was good reason as to why Rivian remained the strongest of the group. 

So what

After the entire EV sector has seen recent stock declines driven by manufacturing and cost headwinds, Rivian CEO RJ Scaringe injected some new confidence with a filing yesterday showing he just bought more than $1 million worth of his company’s stock. Investors often say that there can be many reasons to sell, but there’s only one reason why an insider adds to holdings of their company’s common stock — they expect it will move higher. 

In a note that seems to support Scaringe’s thoughts, widely followed Morgan Stanley analyst Adam Jonas just maintained the equivalent of a buy rating on Rivian shares. Though the analyst lowered the stock’s price target from $85 to $60 per share, that still represents an increase of more than 140% above Monday’s closing price. 

Now what

Earlier this year, Rivian and Lucid both sharply reduced vehicle production targets for 2022. But both also just maintained those reduced projections when they reported first-quarter results. Rivian had said that even though it had the equipment and processes in place to produce 50,000 of its electric vehicles this year, it only expects to make 25,000 due to parts shortages from supply chain constraints. 

In the Morgan Stanley note, Jonas said he doesn’t even expect Rivian to hit that target. He believes the company may only produce 15,500 vehicles this year. He has also reduced production estimates for 2023, 2025, and 2030. But based on his price target, he still believes there is plenty of upside for the shares with his more conservative view looking ahead. 

Beyond solving near-term supply chain issues, Rivian and Lucid expect to grow production in the next several years with new manufacturing plants being brought online. After the CEO showed he also seems to think that growth will lead to a rising stock price, investors took up several names in the sector today. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Rivian is helping drive electric vehicle stocks higher today appeared first on The Motley Fool Australia.

More reading

• When might the dividend drought break for AMP shares?
• Experts name 2 ASX dividend shares to buy with big fully franked yields
• ASX 200 energy shares in focus amid frightening global supply crisis
• ASX 200 midday update: BlueScope and Fortescue rise, Boral tumbles
• ‘Too early to brake for the next exit’: What this top broker likes about Transurban shares

Howard Smith has positions in Lucid Group, Inc. and Nikola Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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S&P/ASX 200 Index (ASX: XJO) energy shares are in focus as the companies’ management present their views at the Australian Petroleum Production and Exploration Association (APPEA) industry conference today.

The burning topic, as you’d expect, is the global energy crisis. A crisis that saw Brent crude oil rocket to US$128 per barrel in March and continue to trade at US$113 per barrel today. Similar supply shortages amid resurgent demand sent LNG and coal prices to all-time highs this year.

Net zero ambitions collide with global conflicts

Environmentalists and activist investors have been pushing hard to stymie the development of new fossil fuel projects, eyeing a world with net-zero emissions by 2050.

While addressing global warming is obviously important, the lack of new exploration and development in recent years has left the world open to today’s crisis, according to managers of the ASX 200 energy shares.

And that’s really come to the forefront following oil-rich Russia’s invasion of Ukraine and the resulting embargos on Russian energy exports.

Global energy scarcity ‘frightening’

Addressing the APEA conference, Santos Ltd (ASX: STO) CEO Kevin Gallagher said (courtesy of The Australian):

We are watching an energy crisis play out in Europe right now, but we have on our doorstop a prime example of what happens if the energy transition is focused only on stopping new oil and gas projects.

We’ve had a decade of moratoriums, shutdowns and lockouts in resource-rich states and territories. And, as I have said for a number of years, the resulting scarcity of new developments today is frightening, with forecasts of tight supply over coming years.

Meg O’Neil, CEO of ASX 200 energy share Woodside Petroleum Limited (ASX: WPL), said the world hasn’t experienced this level of energy crisis in 50 years:

I think Russia’s invasion of Ukraine really has catalysed the energy security conversation in a way that it’s not been done since the 1970s with the Arab oil embargo.

Nations and political leaders first and foremost think about their home patch before thinking about their role in the global world. And the short-term implication is that there are challenges on reliability and challenges on affordability.

APPEA chairman Ian Davies added that halting new oil and gas projects has had no impact on global emissions levels:

The focus of our opponents on stopping fossil fuel projects has had no effect on consumer demand, and no effect on emissions reduction. What it has done is to push fossil fuel developments to places such as the Middle East and Russia. This has created a supply crunch and has raised prices, hurting people and economies around the globe.

ASX 200 energy shares investing in carbon capture

While not everyone is convinced by the technology, Santos has carbon capture projects running at 27 locations across the world.

“The new focus on stopping oil and gas projects in environmentally responsible jurisdictions such as Australia is centred around discrediting a proven technology for low-cost, large-scale emissions reduction – carbon capture and storage,” Gallagher said (quoted by The Australian).

“Yet CCS has been done before. We are doing it now in 27 commercial projects around the world. And it works,” he added.

How have these ASX 200 energy shares been tracking

With some strong tailwinds thrown up by soaring energy prices, Santos shares have gained 25.4% year-to-date.

Rival ASX 200 energy share Woodside has performed even better, with shares up 36.6% in 2022.

That compares to a year-to-date loss of 5.6% posted by the ASX 200.

The post ASX 200 energy shares in focus amid frightening global supply crisis appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• The Santos share price lifts amid joint venture news
• Woodside share price rises after merger clears final regulatory hurdle
• Brokers name 2 ASX 200 mining shares to buy
• 5 things to watch on the ASX 200 on Tuesday

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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At lunch on Wednesday, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of Wall Street and is charging higher. The benchmark index is up 0.8% to 7,168.5 points.

Here’s what is happening on the ASX 200 today:

Fortescue’s leadership changes

The Fortescue Metals Group Limited (ASX: FMG) share price is pushing higher today. This follows the announcement of a raft of leadership changes that are being made as part of its evolution into a global green renewables and resources company. One key change will see Dr Andrew “Twiggy” Forrest AO return to lead Fortescue as its Executive Chairman. He will oversee the iron ore business for an interim period to help drive the company’s transition when its current CEO, Elizabeth Gaines, concludes her tenure in August.

Boral downgrades earnings guidance

The Boral Limited (ASX: BLD) share price is sinking today after the building products company revealed that its earnings have taken a hit from recent inclement weather and higher energy prices. This means that Boral will fall short of its underlying earnings before interest and tax (EBIT) guidance of $145 million and $155 million.

BlueScope upgrades its earnings guidance

The BlueScope Steel Limited (ASX: BSL) share price is pushing higher after the steel producer upgraded its earnings guidance. Thanks to strong demand, the steel producer has lifted its underlying EBIT guidance for the second half of FY 2022 to between $1.375 billion to $1.475 billion. This compares to its prior guidance of $1.2 billion to $1.35 billion.

ASX 200 best and worst performers

The best performer on the ASX 200 on Wednesday has been the Megaport Ltd (ASX: MP1) share price with a 5.5% gain following a rebound in the tech sector. Going the other way, the Eagers Automotive Ltd (ASX: APE) share price is the worst performer with a 6% decline. This follows a trading update which revealed strong demand but tough supply conditions.

The post ASX 200 midday update: BlueScope and Fortescue rise, Boral tumbles appeared first on The Motley Fool Australia.

More reading

• Here’s why the Eagers share price is sliding today
• ‘Strong demand’: Bluescope share price strengthens on guidance upgrade
• Boral share price down 3% on earnings hit
• Why I think these are the best ASX dividend shares to buy right now
• Fortescue share price on watch after Twiggy returns to top job

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Shares of Transurban Group (ASX: TCL) are lifting in early trade on Wednesday and are now fetching $14.22.

The Transurban share price has been on a gradual walk northwards these past few months. Transurban shares are now clipping a 4% gain since trading resumed in January.

Top broker remains bullish on Transurban shares

In a recent note, analysts at major investment bank JP Morgan retained its overweight rating on Transurban. The broker values the company at $15.85 per share.

Sharing its investment thesis on the company, JP Morgan noted Transurban’s wide geographical footprint which spans several jurisdictions.

“[Transurban] has the largest portfolio of toll roads in Australia, and its traffic growth is relatively predictable and has historically materially outpaced GDP growth,” the broker said.

“Traffic growth per year has typically been 2-4% and has averaged 3%, but going forward we expect 2%,” it went on to add.

“We believe development completions (WCX, NCX) will be cash flow accretive coupled with built-in annual toll increases of at least CPI or 4%.”

JP Morgan notes one other factor, which is Transurban’s apparently ‘underappreciated’ dividend which appears juicier when looking into the future. This might be just what investors who hold Transurban shares want to hear.

The broker argues the outlook for Transurban’s dividend is “materially improving from FY23”. This is based on several factors, including “inflation linked tolls; and structural changes to traffic flow through.”

“We forecast a dividends per share compound annual growth rate (CAGR) of 10% p.a. over FY21-FY31 believing this has been underappreciated.”

Sentiment tilted to bullish

Six other analysts join JP Morgan in rating Transurban shares a buy right now. Whereas five and three brokers say it’s a hold and sell, respectively, per Bloomberg data.

The consensus price target from this list is $14.27 per share. This places questions on whether Transurban shares are at fair value right now or not.

In the last 12 months investors have rallied Transurban by 3%. Meanwhile, the wider S&P/ASX 200 Index (ASX: XJO) market has settled on a 1% gain.

The post ‘Too early to brake for the next exit’: What this top broker likes about Transurban shares appeared first on The Motley Fool Australia.

More reading

• The Transurban share price has leapt 13% in 2 months. Too late to buy?
• Macquarie picks ASX 200 shares to buy in this volatile environment
• Broker names 3 ‘champion’ ASX 200 shares to buy and hold
• What drove the Transurban share price higher on Monday?
• 2 ASX dividend shares analysts have named as buys for income investors

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The AnteoTech Ltd (ASX: ADO) share price is on the move today.

This comes after the nanotechnology company announced a regulatory update regarding its COVID-19 Rapid Antigen Test (RAT).

At the time of writing, AnteoTech shares are soaring 32.98% higher to 12.5 cents a pop.

AnteoTech expands market access

Investors are fighting to get a hold of the AnteoTech share price after the company received regulatory approval in Europe.

According to its release, AnteoTech advised it has successfully registered an updated EuGeni COVID-19 (RAT) in Europe. This comes under the In Vitro Diagnostic Directive (IVDD) 98/79/EC Regulations.

Management stated that the new registration is for the same core SARS-CoV-2 Ag Rapid Diagnostic Test registered in April 2021. However, this now covers multiple use claims to include combined nose and throat sampling and nasal mid-turbinate sampling.

By securing the latest registration, this strengthens EuGeni COVID-19 RAT’s competitive position by broadening sampling methods to current European trends.

Currently, the European clinical trial that is underway is also evaluating the updated multiple-use claim to be included in the EU Common List registration application.

AnteoTech said it will phase out the original nasopharyngeal test following orders for the updated multiple-use claim test kits.

About the AnteoTech share price

Despite today’s euphoric gains, the AnteoTech share price has lost around 60% in value over the past 12 months.

The company’s shares touched a 52-week low of 8.5 cents last week after being pounded by the broader market weakness.

Based on valuation metrics, AnteoTech presides a market capitalisation of roughly $374.3 million.

The post Why the AnteoTech share price is rocketing 33% today appeared first on The Motley Fool Australia.

More reading

• ‘Too early to brake for the next exit’: What this top broker likes about Transurban shares
• Ready for takeoff? Top broker sees smooth runway for Qantas shares in 2022
• Why is the Weebit Nano share price rocketing 23% higher?
• Why Bitcoin and Ethereum popped on Tuesday
• Here’s why the Eagers share price is sliding today

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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As global travel gradually makes a comeback, travel shares are front and centre with market pundits evaluating their next moves on the sector.

After a return to green territory in 2022, the Qantas share price has managed an 11% gain since trading resumed in January.

Today, Qantas Airways Ltd (ASX: QAN) shares lifted from the open and now trade at $5.56 apiece, up 2.21%.

In wider market moves, the S&P/ASX 200 Industrials Index (ASX: XNJ) is up 1.1% in morning trade on Wednesday.

Are Qantas shares set for takeoff?

Analysts at investment bank JP Morgan are overweight on Qantas shares and value the airline at $6.40 per share.

The broker is constructive on Qantas given current industry headwinds, noting “the airline industry is in the midst of its greatest-ever challenge”.

In a note to clients, JP Morgan said:

Against this backdrop, we see QAN as being well positioned, given…it has taken material costs out of its business, approximately $1 billion p.a. of which are likely to be ongoing savings from FY23 [and] its high proportion of earnings from domestic and loyalty at ~70-75% of earnings.

JP Morgan also likes Qantas’ “strong relative balance sheet positioning; and more favourable competitive position – both domestically and internationally”.

With travel activity and momentum improving domestically, additional international destinations opening and Loyalty continuing to generate cash, we reiterate our overweight recommendation and price target of A$6.40.

Meanwhile, nine other brokers advocate buying Qantas shares at the moment, whereas three rate the company as a hold, according to Bloomberg data.

Just one broker, Credit Suisse, is urging its clients to sell Qantas shares at the minute.

From this list, the consensus price target is $6.32 apiece, suggesting there’s more upside yet to be baked in if this group has Qantas valued correctly.

In the last 12 months, the Qantas share price has climbed 21% into the green on the back of solid gains in 2022.

The post Ready for takeoff? Top broker sees smooth runway for Qantas shares in 2022 appeared first on The Motley Fool Australia.

More reading

• 4 ASX shares of the most trusted brands in Australia
• The Qantas share price is sitting around 40% below its all-time high. Is it a no brainer?
• Are ASX 200 travel shares already fully valued in May?
• Grounded! Why the Qantas share price is tanking 4% today
• ASX 200 midday update: NAB disappoints, Qantas announces acquisition

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Weebit Nano Ltd (ASX: WBT) share price has been rocketing higher on Wednesday.

In morning trade, the semiconductor company’s shares are up 23% to $2.80.

Though, despite this gain, the Weebit Nano share price is still down by almost 40% from its February high.

Why is the Weebit Nano share price rocketing higher?

Investors have been bidding the Weebit Nano share price higher today despite there being no news out of the semiconductor company.

However, it is worth noting that the company has been active at an industry event this week.

This could mean that Weebit Nano has caught the eye of some investors during its presentations on Monday and Tuesday.

What is the event?

Earlier this month, Weebit Nano revealed that it will be participating in the 14th International Memory Workshop (IMW) 2022 in Dresden, Germany.

The release notes that IMW is the premier international forum for technologists to share and learn about new developments in memory technology.

At the event, Weebit Nano’s Chief Scientist Gabriel Molas was due to outline test results of Weebit ReRAM in 28nm. This was to include details about the technology’s endurance and reliability at high temperatures.

It is possible this presentation went well and has piqued interest in the company.

Though, time will tell if Weebit Nano’s technology, and that of rival BrainChip Holdings Ltd (ASX: BRN), will ultimately amount to anything. But given the competition from world class, global semiconductor companies that are spending billions on research and development activities each year, I would be very surprised if they do.

For that reason, I would suggest investors approach BrainChip and Weebit Nano with extreme caution.

The post Why is the Weebit Nano share price rocketing 23% higher? appeared first on The Motley Fool Australia.

More reading

• Why Bitcoin and Ethereum popped on Tuesday
• Here’s why the Eagers share price is sliding today
• ‘Strong demand’: Bluescope share price strengthens on guidance upgrade
• Why is the James Hardie share price surging higher today
• What’s sending the Northern Star share price higher today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened 

The market is in a good mood again on Tuesday, and that’s helping cryptocurrency values push higher. Bitcoin (CRYPTO: BTC) was up as much as 3.5% in the past 24 hours, as of 2 p.m. ET, but is still off 4.7% in the past week. Its smaller rival Ethereum (CRYPTO: ETH) is up 3.2% today but is off 13.1% in the past week. 

Silvergate Capital (NYSE: SI), which is a digital finance company, has also seen its value rise as much as 13.2% in trading today, although it’s up 10.9% as I’m writing. Why is the digital currency market popping today? 

So what 

Last week was one of the worst we’ve seen in the crypto industry, with TerraUSD losing its peg to $1 and eventually collapsing both the stablecoin and Terra (LUNA). This led to a flurry of selling and multiple stablecoins losing their pegs momentarily. 

Some stability returned to the market over the weekend, and that’s brought some confidence back for investors. The values of cryptocurriencies like Bitcoin and Ethereum are on the rise again, and altcoins are climbing as well. 

As quickly as the crypto market dropped last week, we need to keep in mind that it’s much more mature than it was just a few years ago. Thousands of developers have moved into the industry, building on cryptocurrencies like Bitcoin and Ethereum, and these businesses are much more ingrained than in the crypto winter of 2017. Long term, I think the future looks brighter than it did a few years ago. 

Now what 

Volatility continues to be the norm in cryptocurrencies, and today is another reminder of that. But I think it’s important to keep in mind what’s being made here with payment systems and digital projects now being built on top of the blockchain. As that continues, it should help Bitcoin and Ethereum long term. 

I continue to be bullish on the crypto market, but there will be volatility in the meantime. A lot of money has been made and lost simply by trading cryptocurrencies over the past year, and we’re entering a new phase where utility, not trading, will likely generate the most value. That could lead to some investors abandoning the market as others move in, which isn’t bad as the industry matures. 

A down market like this can be a buying opportunity for investors willing to hold for the long term as well. Great companies and projects are built in a down market, so the cryptocurrencies and projects built on top of the blockchain that can thrive now will be the projects we talk about a decade from now, as long as investors are willing to buy and hold quality digital assets. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Bitcoin and Ethereum popped on Tuesday appeared first on The Motley Fool Australia.

More reading

• Using Bitcoin to diversify your portfolio? Read this
• Why Shiba Inu is down today
• Good riddance to meme speculators ditching Bitcoin: expert
• Can regulators prevent another US$45 billion crypto stablecoin meltdown?
• 2 cryptocurrencies that could dwarf Shiba Inu

Travis Hoium has positions in Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Silvergate Capital Corporation. The Motley Fool Australia owns and has recommended Bitcoin and Ethereum. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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