The post LIVE COVERAGE: ASX to open flat; NAB rated a buy appeared first on The Motley Fool Australia.

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• 2 growing ASX dividend shares for income investors
• 5 things to watch on the ASX 200 on Tuesday
• Why the Vonex (ASX:VN8) share price surged 10%
• 2 excellent small cap ASX shares to watch very closely
• Westpac (ASX:WBC) gives its employees paid time off to get COVID jabs

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Kate O’Brien owns shares of Apple and Rio Tinto Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), and Apple. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Last week the Reserve Bank elected to keep rates on hold at a record low for yet another month. Unfortunately for income investors, this looks set to be the case for some time to come.

In light of this, dividend shares arguably remain the best way to generate a passive income in the current environment.

But which dividend shares should you consider buying? Two that are rated as buys are listed below, here’s what you need to know:

Jumbo Interactive (ASX: JIN)

The first ASX dividend share to look at is Jumbo Interactive. It is an online lottery ticket seller, best-known as the operator of the Oz Lotteries website.

In addition to this, the company has a software as a service (SaaS) business called Powered by Jumbo. This part of the business allows lottery operators to take their lotteries online without having to invest in a development team and build a website.

Given that management estimates that it has a US$303 billion global total addressable market, this gives this side of the business a huge runway for growth in the future.

In the meantime, analysts at Morgan Stanley expect Jumbo to pay shareholders fully franked dividends of 38.3 cents per share in FY 2021 and then 49 cents per share in FY 2022. Based on the latest Jumbo share price, this will mean yields of 2.6% and 3.4%, respectively.

Morgan Stanley has an overweight rating and $15.20 price target on its shares.

Wesfarmers Ltd (ASX: WES)

Another ASX dividend share to consider is Wesfarmers. It is the owner and operator of a diverse group of businesses across several sectors including Bunnings, Catch, Covalent Lithium, Kmart, and Officeworks.

Wesfarmers has been a positive performer this year, delivering a 16.6% increase in half year sales to $17.8 billion and a 25.5% jump in net profit to $1.4 billion. And while trading has been a bit up and down since March as the company cycles the heightened sales from a year earlier, it looks well-placed for growth once trading conditions return to normal.

In addition to this, the company has the balance sheet strength to make some sizeable earnings accretive acquisitions.

Goldman Sachs is expecting dividends of $1.88 per share in FY 2021 and $1.98 per share next year. Based on the current Wesfarmers share price, this will mean fully franked yields of 3.4% and 3.6%, respectively.

Goldman has a buy rating and $59.70 price target on the company’s shares.

The post 2 growing ASX dividend shares for income investors appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Jumbo Interactive Limited. The Motley Fool Australia owns shares of and has recommended Jumbo Interactive Limited and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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On Monday the S&P/ASX 200 Index (ASX: XJO) started the week on a subdued note. The benchmark index fell 0.2% to 7,281.9 points.

Will the market be able to bounce back from this on Tuesday? Here are five things to watch:

ASX 200 futures flat

The Australian share market looks set to have another subdued day on Tuesday. According to the latest SPI futures, the ASX 200 is expected to open the day flat. This follows a mixed start to the week on Wall Street, which saw the Dow Jones fall 0.35%, the S&P 500 drop 0.1%, and the Nasdaq push 0.5% higher.

Oil prices drop

Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could come under pressure after oil prices dropped lower. According to Bloomberg, the WTI crude oil price is down 0.55% to US$69.23 a barrel and the Brent crude oil price has fallen 0.55% to US$71.49 a barrel. Oil prices came under pressure after Chinese data revealed weak import volumes during May.

Carsales completes retail entitlement offer

The Carsales.Com Ltd (ASX: CAR) share price will be on watch after announcing the completion of its retail entitlement offer. The auto listings company has raised gross proceeds of approximately $172 million as part of a wider $600 million fully underwritten pro-rata accelerated renounceable entitlement offer. These funds will be used to acquire a 49% interest in US-based Trader Interactive.

Gold price rises

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a positive day after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.55% to US$1,902.60 an ounce. A softening US dollar gave the precious metal a boost.

NAB rated as a buy

The National Australia Bank Ltd (ASX: NAB) share price remains in the buy zone according to analysts at Goldman Sachs. It has retained its buy rating and $29.97 price target on the bank’s shares. This follows news that AUSTRAC is investigating the bank for “potential serious and ongoing non-compliance” with customer identification procedures and ongoing customer due diligence. Goldman notes that this was previously disclosed in the bank’s contingent liabilities disclosure.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares 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 recommended carsales.com Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Vonex Ltd (ASX: VN8) share price went flying today. At the close of trade, shares in the telecommunications company were selling for 16 cents each – up 10.35%.

The substantial price movement comes after the company announced a new acquisition.

Let’s take a closer look at today’s news.

The Vonex share price is rising

In a statement to the ASX, Vonex says it has agreed with MNF Group Ltd (ASX: MNF) to purchase part of its Direct Business for $31 million.

According to Vonex, the Direct Business “sells cloud phone, internet and mobile services directly to small and medium enterprises [SMEs] and residential customers in Australia, as well as [having] a dedicated audio and video conferencing business.”

In 2020, Direct’s revenue was $15.6 million – 89% of which came from its business customers. Direct’s earnings before interest, taxes, depreciation, and amortisation was $5 million in 2020.

Vonex says the transaction will “materially” expand its presence with Australia’s SMEs and retail customers. The company claims it will acquire just over 5,200 business customers through the transaction. It also says today’s purchase will allow it to expand its presence in Melbourne.

Vonex will pay $20 million upfront to MNF while the remaining $11 million will be deferred and payable in 12 monthly instalments after completion of the deal. Vonex expects the deal to be finalised at the end of next month.

The business will enter into a new debt facility to meet the upfront payment then expects future revenue, with some debt and/or capital raising, to pay the instalments.

As well as the jump in the Vonex share price, MNF Group shares have also been buoyed by today’s news. They’ve closed the day 7.58% higher at $5.33.

Management commentary

Vonex Managing Director Matt Fahey said:

We would be delighted to welcome MNF’s Direct Business and its customers to the Vonex group. As the new ‘work from home’ paradigm has become part of life for more Australians, we have increasingly focused on providing Australian SMEs with telco services that are reliable, affordable, flexible and scalable.

Migrating and integrating the Direct Business with our own will bring us a meaningful national footprint and help us to gain the scale through which we can continue to deliver strong value to customers and investors.

MNF Group CEO Rene Sugo added:

The divestment of these direct businesses is in line with our strategy to simplify MNF’s business and drive growth in Communications Platform as a Service (CPaas) and Unified Communications as a Service (UCaaS) services. Importantly, funds from the sale will be reinvested into our growing wholesale business and our expansion offshore. Assuming all conditions are met, we expect the sale to be completed by the end of July 2021.

Vonex has been a long-term partner to MNF Group, and we have been very impressed with their technical capability and detailed migration plan. This was a significant factor in our decision to select Vonex to acquire the Direct Business.

Vonex share price snapshot

Over the past 12 months, the Vonex share price has increased by 52.4%. Since reaching its all-time high of 32.5 cents a share in February, the company’s value has fallen 50%.

Vonex has a market capitalisation of $30.9 million.

The post Why the Vonex (ASX:VN8) share price surged 10% appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended MNF Group Limited. The Motley Fool Australia owns shares of and has recommended MNF Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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At the small end of the Australian share market, there are a number of companies with the potential to grow significantly in the future.

Two that investors might want to get better acquainted with are listed below. Here’s what you need to know about them:

Audinate Group Limited (ASX: AD8)

The first small cap share to look at is Audinate. It is the digital audio-visual networking technologies provider behind the hugely popular and industry-leading Dante audio over IP networking solution. Dante is used widely across the professional live sound, commercial installation, and recording industries globally.

The quality of the product is ahead of the competition by such a distance that there are now more than 3,000 different products incorporating Dante for audio-over-IP connectivity. This makes it the protocol of choice in more than 91% of the networked audio products currently available. This bodes well for the company’s future growth in a niche but lucrative market.

At the end of last month, analysts at Morgan Stanley retained their overweight rating and $10.00 price target on the company’s shares.

Serko Ltd (ASX: SKO)

Another small cap to look at is Serko. It is the online travel booking and expense management provider behind the Zeno Travel corporate travel tool and the Zeno Expense platform.

Zeno Travel provides AI-powered end-to-end travel itineraries, cost control and travel policy compliance to corporate customers. Whereas Zeno Expense allows users to automate and streamline the expense administration function, identify out-of-policy expense claims, and prevent fraud.

Given its exposure to travel markets, demand for its offering has inevitably fallen during the pandemic. However, with travel markets beginning to recover, Serko has also reported big improvements in its performance.

Looking ahead, Serko looks well-positioned to benefit from the travel market recovery and also its significant deal with travel giant Booking.com.

Macquarie is a fan of the company. Last week it retained its outperform rating and lifted its price target to NZ$8.31 (A$7.74). Due to its world class technology, Macquarie believes Serko is well placed as corporate travel continues to recover. It also notes that its growth opportunities are compelling.

The post 2 excellent small cap ASX shares to watch very closely appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AUDINATEGL FPO and Serko Ltd. The Motley Fool Australia owns shares of and has recommended AUDINATEGL FPO. The Motley Fool Australia has recommended Serko Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Westpac Banking Corp (ASX: WBC) is giving its employees two paid half-days off work to get vaccinated against COVID-19. While the news is likely being welcomed by the company’s workers, it hasn’t boosted the Westpac share price today.

Shares in each of the big four banks have had a rough day on the ASX.

At close, shares in Westpac were trading for $26.63 – 0.89% less than last session’s closing price.

Let’s take a look at Westpac’s new incentive for its employees to get vaccinated.

Paid time off to get the jab

Westpac announced its employees will be able to take paid half days off work for COVID-19 vaccinations, effective today.

Westpac’s CEO Peter King commented on the new incentive:

Getting people vaccinated is key to protecting our family and friends should further outbreaks occur, as well as opening up the economy and returning to a more normal way of life. While vaccination is a personal decision and employees should seek personal medical advice, we want to do everything we can to encourage employees to roll up their sleeve and get the jab.

Additionally, King said Westpac is interested in running a corporate COVID-19 vaccination program if it becomes a possibility.

National Australia Bank Ltd (ASX: NAB)’s CEO Ross McEwan had also flagged NAB’s interest in a corporate vaccination program. In April, McEwan told a parliamentary committee he received a COVID-19 vaccination at work. He said NAB would like to allow its employees to do the same.

Other corporate incentives

Westpac is the latest ASX-listed company providing incentives to get vaccinated.

Last week, Qantas Airways Limited (ASX: QAN)’s CEO Alan Joyce announced the airline will offer vaccinated Australians the chance to win a year’s free travel for themselves and their family.

Joyce said:

I’m encouraging a ‘Team Australia’ moment where every corporate out there helps with this vaccine rollout and to reward people who have had the vaccine.

Last month, Australia’s chief medical officer Paul Kelly said incentivising Australians to get vaccinated against COVID-19 could be a possibility. When asked if offering discounts, merchandise, or cash lotteries could help motivate Australians to get the jab, Kelly said:

I think we really do need to look for incentives, as many incentives as we can, for people to become vaccinated.

Westpac share price snapshot

Aside from today’s poor performance, the Westpac share price has been performing well on the ASX lately.

Currently, the Westpac share price is 37% higher than it was at the start of 2021. It’s also gained 42% since this time last year.

The post Westpac (ASX:WBC) gives its employees paid time off to get COVID jabs appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) dropped by 0.2% today to 7,282 points.

Here are some of the highlights from the ASX:

Altium Limited (ASX: ALU)

The Altium share price soared today, rising around 40% after receiving a takeover bid from Autodesk.

Altium confirmed the offer was non-binding, indicative and unsolicited from the US software business which offers products and services for a wide variety of industries.

The offer was $38.50 per share.

Altium’s board said that it appreciated the interest expressed by Autodesk, which had evolved from a dialogue about a strategic partnership.

However, the board considered the proposal significantly undervalued Altium’s prospects and therefore rejected the proposal at the current price.

Altium said that it has a unique position in the electronics ecosystem and in the past unsolicited acquisition interest has developed from partnership dialogues with others in the ecosystem. The board will engage with interested parties in the context of an appropriate valuation for Altium and it will continue to review all potential strategic alternatives for the company.

The ASX 200 share’s board has confidence in pursuing the company’s transformation strategy for the electronics industry and to achieve its 2025 financial goals. Altium said that after successfully pivoting to the cloud, it’s well positioned to pursue market dominance and industry transformation. The cloud platform is turning Altium’s business model from maintenance-based subscription to a capability-based software as a service (SaaS) subscription.  

National Australia Bank Ltd (ASX: NAB)

The NAB share price fell around 3% today after giving investors an update relating to AUSTRAC.

AUSTRAC said that it has identified “serious concerns” with NAB’s compliance with the anti-money laundering (AML) and counter-terrorism financing (CTF) laws.

Those concerns have been referred to AUSTRAC’s enforcement team, which has initiated a formal enforcement investigation into the ASX 200 bank share.

In the letter to NAB, AUSTRAC stated it has not made any decision about whether or not enforcement action would be taken. AUSTRAC said, at this stage, it is not considering civil penalty proceedings and that this decision is “reflective of the work undertaken” by NAB to date.

AUSTRAC has a number of enforcement options available to it, including civil penalty orders, enforceable undertakings, infringement notices and remedial directions.

NAB CEO Ross McEvan said:

NAB takes its financial crime obligations seriously. We are very aware that need to further improve our performance in relation to these maters. We have been working to improve and clearly have more to do.

NAB has an important role in monitoring and reporting suspicious activity and keeping Australia’s financial system, our bank and our customers safe.

It is a key priority for everyone at NAB to uplift our financial crime capabilities, minimise risk to customers and the bank, and improve operational performance. That’s why we are so focused on getting the basics right every time to protect our customers and our bank.

NAB said since June 2017, it has invested around $800 million as part of its program to uplift financial crime and fraud controls.

SKYCITY Entertainment Group Limited (ASX: SKC)

The SkyCity share price dropped around 6.5% today after it also announced AUSTRAC action.

AUSTRAC said that it has also identified potential serious non-compliance by SkyCity Adelaide regarding anti-money laundering laws and counter-terrorism financing (AML/CTF). It was also announced that Crown Resort Ltd’s (ASX: CWN) Crown Perth and Star Entertainment Group Ltd’s (ASX: SGR) Star Sydney face similar AUSTRAC concerns.

The potential serious non-compliance by SkyCity Adelaide includes concerns relating to ongoing customer due diligence adopting and maintaining an AML/CTF program and compliance with part A of that program.

These concerns have been identified in the course of a compliance assessment, which AUSTRAC commenced in September 2019, focusing on SkyCity Adelaide’s management of customers identified as high risk and politically exposed persons.

AUSTRAC has made it clear it has not made a decision regarding the appropriate regulatory response that may apply, including whether or not enforcement action will be taken.

The post ASX 200 drops, Altium soars, Skycity drops, NAB falls appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Altium. The Motley Fool Australia owns shares of and has recommended Altium. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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There are many ASX exchange-traded funds (ETFs) out there that are popular with investors.

You have your classic index funds, such as the Vanguard Australian Shares Index ETF (ASX: VAS). There are also your ETFs that follow more specific, or thematic investments, such as the BetaShares Global Cybersecurity ETF (ASX: HACK).

The iShares S&P 500 ETF (ASX: IVV) falls into the former group. But instead of tracking ASX shares, it follows the US S&P 500 Index (INDEXSP: .INX), which follows 500 of the largest public companies over in the United States. If you can think of an American company, be that Apple Inc (NASDAQ: AAPL), Netflix Inc (NASDAQ: NFLX) or Nike Inc (NYSE: NKE), it’s probably in this index, and ETF.

We take a closer look at why this ETF could be a buy today.

Low management fee

This ETF charges a management fee of 0.04% per annum – one of the lowest on the entire ASX. That fee represents an annual cost of $4 for every $10,000 invested. Fees that ETFs and managed funds charge can take a serious chunk out of your long-term returns. As such, it’s usually a good idea to try and minimise these. For example, there will be a big difference in your net wealth if you choose a fund with a management fee of 0.1% than one with 1% if both funds generate an equal gross return.

Diversification

Because this ETF invests in 500 companies, it can provide some meaningful diversification to an ASX share portfolio, especially one holding mostly ASX blue-chip shares. Not only that, many of the companies that the S&P 500 holds are truly global businesses like Apple, Netflix, Nike or Ford Motor Company (NYSE: F). As such, there is far less exposure to just the US economy than you might think. This can be a very useful way of juicing up a portfolio’s diversity.

Performance

Past performance is, of course, no future indicator of future returns. However, this ETF has been a very lucrative investment to own over the past few years. In fact, investors have enjoyed an average return of 15.38% per annum over the past 5 years, and 17.93% over the past 10. Those returns dominate what any ASX index fund has returned over that period, and indeed what many actively-managed funds have returned.

The post 3 reasons the iShares S&P 500 ETF (ASX:IVV) could be a buy today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen owns shares of Ford and Nike. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Apple, BETA CYBER ETF UNITS, Netflix, and Nike. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended Apple, Netflix, Nike, and iShares Trust – iShares Core S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Australian share market is home to a large number of companies sharing their profits with shareholders in the form of dividends. This certainly is a big positive given how low interest rates have fallen.

Two ASX dividend shares that offer attractive yields are listed below. Here’s what you need to know about them:

Carsales.Com Ltd (ASX: CAR)

This auto listings company could be a dividend share to look closely at. Carsales is of course the dominant auto listings company in the ANZ market. It also has a number of operations across the world.

This will soon include the US-based Trader Interactive. Carsales recently announced an agreement to acquire the leading digital marketing solutions and services provider to the commercial truck, recreational vehicle, powersports, and equipment industries.

One broker that is positive on the company’s future is Morgan Stanley. Its analysts currently have an outperform rating and $23.00 price target on its shares. This compares to the latest Carsales share price of $18.90.

Morgan Stanley is also forecasting dividends of 62 cents per share in FY 2021 and 71.6 cents per share in FY 2022. This represents fully franked dividend yields of 3.3% and 3.8%, respectively.

Transurban Group (ASX: TCL)

Another ASX dividend share for investors to look at is this leading toll road operator.

Transurban currently has a portfolio of 17 roads in Australia and four in North America. It also has a significant project pipeline across its networks that could support its growth in the coming years.

And while trading conditions are mixed at the moment due to the pandemic, there have been significant improvements in recent months. For example, during the month of March, Transurban’s monthly traffic was down just 5% compared to the prior corresponding period. This compares to an 11% decline in February.

One broker that is particularly positive on the company is Ord Minnett. Its analysts currently have a buy rating and $16.00 price target on the company’s shares. This compares to the latest Transurban share price of $14.37.

Ord Minnett is forecasting dividends of 37 cents per share in FY 2021 and then 58 cents per share in FY 2022. This will mean yields of 2.6% and 4%, respectively, over the next two years.

The post 2 highly rated ASX dividend shares with attractive yields appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares 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 owns shares of and has recommended Transurban Group. The Motley Fool Australia has recommended carsales.com Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Move over Dogecoin (CRYPTO: DOGE).

You may be getting the lion’s share of media attention lately. With no small thanks to Tesla Inc (NASDAQ: TSLA) founder Elon Musk’s penchant for tweeting about you. But other cryptocurrencies have delivered far larger gains over the past week.

How the big names like Dogecoin performed this week

Dogecoin started life as a light-hearted joke with a Shiba Inu mascot as its image. But it’s no laughing matter today.

The Dogecoin price currently stands at 38 cents. While the price is now roughly half of the 74 cents it was trading for as recently as 8 May, it’s still up an eye-popping 7,844% year-to-date. That gives it a market cap of US$48.6 billion (AU$62.7 billion). Certainly, nothing to laugh at.

And Dogecoin has put in a strong week, with the price up 26.6% over the past 7 days.

By comparison Bitcoin (CRYTPO: BTC), the world’s biggest crypto by market cap is up 5.4% in the last full week.

Dogecoin also edged out Ethereum (CRYPTO: ETH), the second largest digital token. Ether has gained 20.2% over 7 days.

All solid returns, to be sure.

But these 2 lesser-known cryptos returned far more.

This week’s top 2 crypto gainers

The best performing crypto over the past week is…drum roll, please… Theta Fuel (CRYPTO: TFUEL).

Theta Fuel is up 58.6% since this time last week. At the current price of 44 cents, Theta Fuel has a market cap of over US$2.4 billion.

And if you’d picked up some Theta Fuel at this time last year, you’d be sitting on a gain of 6,177%.

So what does Theta Fuel do?

According to CoinMarketCap, “TFUEL is the second token on the Theta blockchain that serves as the utility token in decentralised video and data delivery, it also acts as a gas token. This means that it is used to power all operations on the Theta blockchain.”

This week’s number 2 crypto asset is Curve DAO Token (CRYTPO: CRV). Curve is up 55.1% in 7 days, currently trading for US$2.52. That gives it a market cap of US$896 million.

For an insight into what Curve is all about, we turn back to CoinMarketCap, which tells us, “Curve is a decentralised exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.”

As a handy reminder on the high levels of volatility and risk surrounding cryptocurrencies including Dogecoin, Curve which launched early in 2020, was trading at US$31.38 on 14 August last year. Meaning even with the past week’s hefty gains, it’s still down 92% from those levels.

The post These 2 cryptos are smashing Dogecoin’s 7-day gains appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Tesla. 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 Bruce Jackson.

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