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The great investing pilgrimage of the annual Sohn Hearts & Minds Investment Conference attracts some of the most renowned investors and stock pickers of our time. This year is no exception with 13 experts offering up their top picks for share portfolios.

This year, attendees of the virtual conference will have the chance to hear one of the investing greats, Charlie Munger. But alongside the vice-chair of Berkshire Hathaway Inc (NYSE: BRK) are an extensive list of highly experienced investors, all pitching their grand stock ideas for the year ahead.

What is the Sohn Hearts & Minds Investment Conference?

Today’s event marks the sixth annual Sohn Hearts & Minds Conference. The congregation kicked off in 2016 with the underlining intention to raise funds for Australian medical research. In addition, the annual conference seeks to produce valuable insights into the investing world, shared by iconic individuals from within the industry.

Over the years, the Sohn conference has included speakers such as Howard Marks, Ray Dalio, Cathie Wood, and Bill Ackman. This year’s event is no exception with the attendance of Charlie Munger, who is well known for his involvement with Warren Buffett, making many successful investments through Berkshire Hathaway for several decades.

#SohnHeartsAndMinds Conference has just commenced. We are thrilled to bring you 5+ hours of actionable insights from an incredible lineup of speakers.

Tickets still available: https://t.co/VgVwT63Egj
All proceeds donated to Australian medical research. pic.twitter.com/YbctueCXVo

— Sohn Hearts & Minds (@SohnHeartsMinds) December 2, 2021

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Onlookers will be treated to a raft of investment ideas, which the speakers consider worthy of a spot in a portfolio of shares. In a series of lightning round-style presentations, speakers will have 10 minutes to pitch their highest conviction stocks.

With the conference already underway, several potential investments have been shared. For instance, Firetrail Investments fund manager Eleanor Swanson has revealed Megaport Ltd (ASX: MP1) to be her pick for 2022. The elastic interconnection services company was described as “the most exciting tech adventure this decade” by Swanson this morning.

High conviction share portfolio

The stock picks being made today are not exclusive to the ASX. However, all of them are considered ‘high conviction’ investments by each of the respective speakers.

What this means is, the companies being selected by each of the speakers are their bets for the highest potential returns in 2022. So far, this year’s stock picks cover a broad range of industries. These include companies involved in cloud-based document signing, power tools, music streaming, and delivery.

Lastly, other speakers that investors will get a chance to hear share portfolio ideas from include:

• Regal Funds Management chief investment officer Philip King
• Cooper Investors portfolio manager Qiao Ma
• Cota Capital managing partner Babak Pouschanchi

The post How many stock pickers does it take to change a share portfolio? appeared first on The Motley Fool Australia.

More reading

• Bear signal? Warren Buffett’s Berkshire Hathaway has been selling shares

Motley Fool contributor Mitchell Lawler 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 MEGAPORT FPO. The Motley Fool Australia has recommended Berkshire Hathaway (B shares) and MEGAPORT FPO. 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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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

A leader in the development of algorithmic stablecoins, Terra (CRYPTO: LUNA) is a token that’s gotten a lot of attention of late. As of 10:45 a.m. ET, LUNA has surged 4.5% over the past 24 hours to a market capitalization of $24.8 billion. This week, Terra is up 53%, one of the best-performing large-cap tokens in the market.

Meme token Shiba Inu (CRYPTO: SHIB), on the other hand, is down again today. This token’s daily decline of 6.8% as of 10:45 a.m. ET brings Shiba Inu’s market capitalization down to $23.6 billion, one spot lower in the market capitalization rankings than Terra. This decline also wipes out most of this week’s gains for the dog-inspired token.

So what

Terra Luna is a cryptocurrency that’s seen a number of catalysts take hold this week, driving this outperformance.

On Tuesday, we learned that Terra investors had voted for an important proposal that would allow for community funding of an overhaul of the network’s TrackTerra tax and reporting app. This overhaul would enable holders of LUNA to export their transactions to various tax software programs. This appears to be a positive, given the various reporting requirements the U.S. government is looking to impose on the crypto sector.

This proposal is one of many put forward by Terra to improve its status as a robust global stablecoin ecosystem. Other proposals, such as proposal 143, a move to add liquidity and widespread adoption of LUNA across major blockchain networks, are gaining ground.

Now what

Terra is a large and growing stablecoin ecosystem, and investors appear to like the direction in which Terra’s developer team is headed. These tax and liquidity updates provide positive catalysts for investors concerned about an increasingly hawkish regulatory environment in the crypto world.

Additionally, reports that stablecoin trading volumes made up approximately 77% of the crypto market’s 24-hour volume suggests this is a sizable market investors have their eye on right now. Terra’s positioning as a key player in the stablecoin space is a catalyst that appears to suggest this token could continue to rise in value relative to other cryptocurrencies, at least in the near term. 

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

The post This cryptocurrency just surged past Shiba Inu today appeared first on The Motley Fool Australia.

More reading

• Here’s why the Weebit Nano (ASX:WBT) share price is climbing today
• Why the Nitro (ASX:NTO) share price is sinking 10% today
• BHP (ASX:BHP) share price lifts as single listing gets green light
• Are AMP (ASX:AMP) shares priced as though ‘the situation is worse than it is’?
• Why Bitcoin, Ethereum, and Dogecoin are slumping today

Chris MacDonald 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.

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

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The Weebit Nano Ltd (ASX: WBT) share price is on the move today following the company’s successful entitlement offer.

At the time of writing, the computer memory technology company’s shares are swapping hands for $2.95, up 2.79%, having hit $3 In early trade.

Weebit completes capital raising efforts

Investors are driving the Weebit Nano share price higher after the company announced the results of its entitlement offer.

According to the release, Weebit raised approximately $4.4 million (before costs) through its oversubscribed offer.

The retail component offered 1 new Weebit Nano share for every 41 existing shares owned. In total, there were applications for around 1.56 million new fully paid ordinary shares, representing 44% of the total entitlements.

Furthermore, an additional $5.5 million had been raised via applications and commitment for shortfall shares from existing shareholders. These shares comprise all of the shortfall under the company’s entitlement offer.

Previously, Weebit completed a placement in mid-November, raising about $25.7 million from four Israel-based institutional investment and pension funds.

In total, the company collected gross funds of $35.6 million via its entitlement offer and shortfall placement.

Weebit Nano will use the proceeds to bring forward the growth initiatives planned within the next two years. This includes supporting the pursuit of business opportunities, research and development in embedded and discrete projects, and general working capital requirements.

Commenting on the news fuelling the Weebit Nano share price, CEO Coby Hanoch said:

Weebit Nano has entered an exciting phase in its corporate journey, transitioning from solely a research and development company into a commercial business. Since our prior raising in November 2020, we have executed on our strategic objectives and achieved several important milestones including signing our first commercial agreement with SkyWater Technologies, and successfully scaling down our ReRAM technology to 28 nanometres.

Weebit Nano is in a very strong position to execute on the significant and exciting growth opportunities we see ahead for our memory technology.

Weebit Nano share price summary

Since this time last year, the Weebit Nano share price has lifted by more than 60%. This year to date it’s up around 23%.

The company’s shares reached a multi-year high of $4.48 in January, before moving in peaks and troughs.

Weebit Nano presides a market capitalisation of roughly $4.39 billion and has approximately 146.67 million shares outstanding.

The post Here’s why the Weebit Nano (ASX:WBT) share price is climbing today appeared first on The Motley Fool Australia.

More reading

• This cryptocurrency just surged past Shiba Inu today
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• Are AMP (ASX:AMP) shares priced as though ‘the situation is worse than it is’?
• Why Bitcoin, Ethereum, and Dogecoin are slumping 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 Bruce Jackson.

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The Nitro Software Ltd (ASX: NTO) share price is on course to end the week deep in the red.

In morning trade, the document productivity and eSigning company’s shares are down 10% to $3.00.

Why is the Nitro share price down 10%?

Investors have been selling down the Nitro share price in response to something across in the United States.

After the market close on Wall Street this morning, Nitro’s larger rival DocuSign Inc (NASDAQ: DOCU) released its quarterly results. While DocuSign reported a 44% increase in subscription revenue to US$528.6 million, its weaker than expected outlook spooked the market.

This led to the DocuSign share price crashing 30% during after hours trade, wiping off US$15 billion from its market capitalisation.

And unfortunately for the Nitro share price, investors appear to believe this could be a sign that Nitro’s outlook may not be as positive as hoped.

Is this a buying opportunity?

While Bell Potter could yet adjust its recommendation for Nitro to reflect DocuSign’s update, it has been very bullish on the company recently.

For example, last month the broker retained its buy rating and $4.50 price target on its shares. This implies potential upside of 50%.

Bell Potter was pleased with the company’s game-changing acquisition of Connective NV.

It commented: “Nitro announced it has entered into a binding agreement to acquire Connective NV for an EV of €70m (~US$81m). Connective is Belgium’s leading eSign SaaS business with fast growing market share in France and customers in 11 other European countries. The rationale for the acquisition is it will accelerate and enhance Nitro’s eSign, eID (electronic identity) and document workflow capabilities. It will also position Nitro to become the third global player in the enterprise eSign market along with DocuSign and Adobe.”

The post Why the Nitro (ASX:NTO) share price is sinking 10% today appeared first on The Motley Fool Australia.

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• Nitro (ASX:NTO) to raise $140m for major acquisition

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 recommended Nitro Software 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 BHP Group Ltd (ASX: BHP) share price is heading higher in early trade, up 1.76% to $40.41.

This comes as the S&P/ASX 200 Index (ASX: XJO) mining giant moves forward with plans to unify its 2 companies into a single listing on the Aussie exchange.

BHP share price lifts on unification plans

The BHP share price is on the rise after the miner’s board of directors said it is moving forward with unifying the company’s corporate structure under its existing Australian parent company, BHP Group Limited.

As you may be aware, BHP has been operating under what’s known as a dual-listed company (DLC) corporate structure. The DLC came into being when BHP and Billiton merged in 2001.

This formed 2 parent companies, BHP Group Limited in Australia trading on the ASX and BHP Group Plc in the United Kingdom trading on the London Stock Exchange. Both companies operate under the same board of directors and management. Their shares carry the same voting and economic rights.

BHP first reported its intent to unify its corporate structure back on 17 August. The BHP share price has dropped by 21% since then.

In a release this morning, the board said it “believes unification is in the best interests of BHP shareholders”.

The company plans to publish a Shareholder Circular and a Prospectus with additional information next Wednesday 8 December.

Subject to shareholder and certain regulatory approvals, BHP expects to complete the unification by 31 January 2021.

What did management say?

Commenting on the unification, BHP’s chair, Ken MacKenzie said:

BHP is in great shape and now is the right time to make strategic, transformative changes for the future. Unification will create one parent company, one share register and one share price globally. We believe this is the best structure for BHP to provide the resources the world needs and create long-term shareholder value.

BHP’s CEO, Mike Henry added:

A unified corporate structure will make BHP simpler and more agile, with the strategic flexibility required to shape our portfolio to deliver value through producing the commodities needed for continued economic growth, improved living standards, electrification and decarbonisation.

We will retain listings in the UK, US, South Africa and Australia, providing BHP with continued access to global markets and giving shareholders the opportunity to benefit from our portfolio, management and operating performance for long-term value.

BHP share price snapshot

The BHP share price has been under pressure amid declining the iron ore price, with shares down 6% year-to-date. That compares to a gain of 8% posted by the ASX 200.

Over the past month, BHP shares are up 12%.

The post BHP (ASX:BHP) share price lifts as single listing gets green light appeared first on The Motley Fool Australia.

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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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Owners of AMP Ltd (ASX: AMP) shares rejoice – this fundie thinks the company’s future is bright.

Regal Funds Management chief investment officer Philip King is reportedly bullish on the stock, which hit an all-time low of 88.5 cents in September.

In fact, the firm has bought into the embattled financial services company.

At the time of writing, the AMP share price is 95.7 cents, 1.81% higher than its previous close.

Here’s why this expert thinks it could be a buy.

Are AMP shares about to have their heyday?

Regal has reportedly abandoned its short position in AMP and is betting on the company’s share price growth.

King told the Australian Financial Review the fund recently purchased the stock due to its confidence the company’s new leader can turn its tumble around.

The publication stated the fund shorted the company during its tough times.  

As many will remember, AMP was dragged through the mud during the Financial Services Royal Commission.

Additionally, it hit a bump in the road when the Australian Investments and Securities Commission (ASIC), hit the company with civil proceedings in May. ASIC alleged the company charged deceased customers fees for life insurance and financial advice.

Throughout the seemingly endless controversies between 2018 and today, the AMP share price has tumbled more than 80%, potentially earning short-sellers a tidy profit.

But King believes AMP’s grass is starting to look a little greener. The AFR quoted him as saying:

We were short for many, many years, and we think the new CEO is doing all the right things, and it’s the start of a turnaround story.

People think the situation is worse than it really is and we think they can retain a lot of their current investors, and there’s a very, very solid brand and business.

The company’s new CEO, Alexis George took the reins in August after a stint as deputy CEO of Australia and New Zealand Banking Group Ltd (ASX: ANZ).

As of 26 November, just 2.6% of AMP’s shares are in short positions. For context, 9.17% of the company’s stock was being shorted in August 2019 – its highest point of the last 3 years.

The post Are AMP (ASX:AMP) shares priced as though ‘the situation is worse than it is’? appeared first on The Motley Fool Australia.

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• Why AMP, Collins Foods, Credit Corp, and Orocobre shares are charging higher

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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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

Today, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE), all top-10 cryptocurrencies by market capitalization, were singing the blues. These three top tokens had sunk 4.2%, 4.6%, and 3.1% over the past 24 hours at 11:30 a.m. ET.

Concerns that the new omicron coronavirus variant could slow capital flows into risk assets continues to be a key headwind crypto investors are focused on. Additionally, speculation that investors could choose to take gains this year, rather than wait for additional clarification on crypto taxation rules in 2022, appears to have some investors eager to take some profits earlier than usual.

So what

Crypto markets have tended to move in higher correlation to equity markets in recent days. Whether the similarity in momentum we’re seeing between crypto markets and higher-risk equities continues from here remains to be seen.

However, what’s clear is that a significant amount of leverage continues to exist in crypto markets. When risk-off sentiment takes hold, as it has in the wake of this recent variant discovery, leverage-driven wash-outs can drive significantly higher downside volatility in such asset classes.

Additionally, crypto investors and traders who have booked large gains this year may be enticed to take these gains now, rather than wait and see what next year brings. Uncertainty with respect to specifics on crypto taxation rates and on the ultimate take crypto investors will receive from their holdings has some considering trimming positions now.

Now what

With the crypto market now starting to resemble “hyper-growth equities on steroids,” the leverage-driven upside momentum we’ve seen earlier this year may revert to the downside. Right now, investors appear to be taking a broadly bearish, or at least risk-off, view of the markets. For crypto traders, this volatility may simply be too much to sit through right now.

For longer-term investors, perhaps the downside moves we’ve seen in Bitcoin, Ethereum, or even Dogecoin and other meme tokens present an intriguing entry point. Of course, questions as to when this slump will ultimately abate remain. Right now, it appears a wait-and-see approach is what the broader market favors. 

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

The post Why Bitcoin, Ethereum, and Dogecoin are slumping today appeared first on The Motley Fool Australia.

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Chris MacDonald owns shares of Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Ethereum. 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.

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

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The Suncorp Group Ltd (ASX: SUN) share price is edging higher in early trade today after finishing Thursday less than 1% in the green. At the time of writing, shares are swapping hands for $10.77 apiece, up 0.28%.

The ASX bank’s shares have taken a backward step lately after coming off a high of $12.94 in September.

Despite these challenges, the team at JP Morgan is bullish on the direction of the Suncorp share price. The firm sees a considerable amount of upside left in the company for FY22.

What does JP Morgan think about Suncorp shares?

The firm notes that Suncorp appears to be in a “consolidation phase” where its FY22 margins are likely to benefit from factors such as “margin expansion in home personal lines; margin expansion in commercial lines; small benefits from perils allowances and expenses; and some margin degradation in CTP [compulsory third party insurance]”.

Aside from this, it reckons the bank is likely to benefit from industry-wide surges in commercial markets, and reduced motor incidents from COVID-19 lockdowns.

These factors are set to place Suncorp in a prime position to start delivering on margin performance and drive value for shareholders, JP Morgan says.

One other factor the firm covers is Suncorp’s liability adequacy test (LAT) which has improved by 81% to $33 million – a marked improvement on the $173 million deficiency at September 20.

From this result, JP Morgan reckons the trends in the LAT can give a leading indicator of underlying profit trends. “In a COVID environment”, the firm says, “assumptions around bounce-back can however influence how closely to watch these statistics”.

So what does it think of the Suncorp share price? With its analysis over Suncorp’s future growth trajectory, JP Morgan values the bank at $13.30 per share, representing around 23% upside potential at the time of writing.

However, this figure is also a discount to its discounted cash flow (DCF) valuation of $14.32. It applies this discount to reflect “adverse events such as heavy rains and flooding in NSW that pose some downside risk and may cause the market some concerns about SUN’s exposure”.

Given the spate of flooding events that have occurred these past few months in NSW and most recently in QLD, it stands to reason that JP Morgan’s risk-adjusted price target may be the suited option.

What are the risks?

No investment case is without its embedded risks. In light of this, JP Morgan notes Suncorp’s Australian personal lines business still faces challenges around achieving unit and price growth.

It also thinks the bank is “operating in a challenging and competitive environment that will place pressure on its elevated [net interest margin] NIM over the medium term”.

Moreover, JP Morgan is still of the view Suncorp’s medium-term insurance margin and bank cost-to-income targets remain ambitious.

Aside from this, the firm notes COVID-19 style risks that would impact the entire market and wider economy.

Suncorp share price snapshot

In the past 12 months, the Suncorp share price has climbed 7%. It is also up 10% this year to date.

However, it is down more than 4% in the past month and has also slipped almost 3% in the past week of trading.

The post JP Morgan is bullish on the Suncorp (ASX:SUN) share price. Here’s why appeared first on The Motley Fool Australia.

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• ASX 200 (ASX:XJO) midday update: NAB hits 52-week high, CSL upgraded

The author has no positions 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 Alcidion Group Ltd (ASX: ALC) share price is on course to end the week on a very positive note.

In morning trade, the healthcare technology company’s shares are up 11% to 35 cents.

Why is the Alcidion share price rocketing higher?

Investors have been bidding the Alcidion share price higher today after its consortium won a major contract.

According to the release, the consortium, which is led by Leidos Australia, has been awarded a contract to provide components of an enterprise Health IT Project for the Commonwealth of Australia.

Alcidion will provide the Longitudinal Health Record via its Miya Precision product. The Miya Precision platform will aggregate data from consortium partner solutions and other systems in the environment to establish a consolidated view of every participant health status and history.

The project commencement is planned for December 2021.

What’s the contract worth?

The release notes that the value of Alcidion’s contract is estimated to be $23.3 million over six years. This will cover implementation and a subscription to the Miya Precision platform.

However, further options to take up Miya Observations and Assessments and options to renew up to 15 years creates a possible total contract value (TCV) for the contract with Leidos of around $50 million.

Alcidion’s Managing Director and CEO, Kate Quirke, appeared pleased with the news.

She commented: “Alcidion looks forward to working with Leidos and our Consortium partners to deliver this significant project. The scale and scope are a validation of Miya Precision’s existing capability to provide this critically important longitudinal health record.”

The Alcidion share price has been a very strong performer this year. Following today’s gain, the company’s shares are now up an impressive 88% since the start of the year.

The post Why the Alcidion (ASX:ALC) share price is rocketing 11% higher appeared first on The Motley Fool Australia.

More reading

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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. owns shares of and has recommended Alcidion Group Ltd. The Motley Fool Australia has recommended Alcidion Group 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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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

Solana (CRYPTO: SOL) is among the few winners in the crypto market today, seeing gains of 5.1% over the past 24 hours, as of 2:30 p.m. ET. This top five cryptocurrency by market cap has seen continued buying, despite weakness in the broader crypto market today.

A range of negative catalysts, from the discovery of the omicron variant in the U.S. to Federal Reserve tapering, have resulted in decreased demand for risk assets. However, investors appear to be diverting their risk-on trades to cryptocurrency tokens with perceived quality, such as Solana.

So what

It appears the (arguably) subjective view of Solana’s quality among digital assets is rather widely held. News that the Grayscale Solana Trust had been launched this week has curried favor among retail and institutional investors alike. This trust is expected to accumulate SOL over time, allowing accredited investors to participate in this trust via private placements.

Additionally, it was revealed this week that leading venture capital firms would be putting $4.3 million into a Solana-based metaverse project. This project, code-named Solice, is expected to compete against leading metaverse crypto plays Decentraland and The Sandbox. 

Now what

The prospect of additional capital inflows into Solana appears to be enticing for investors. Grayscale’s move to officially add a Solana trust suggests that big money is looking to chase the returns of Solana, over higher-profile cryptocurrencies such as Bitcoin and Ethereum.

Additionally, the metaverse is a red-hot space right now. The fact that Solana’s blockchain is being utilized by developers for new metaverse projects is very bullish for the argument that Solana’s ecosystem is one of the fastest growing and most sought after right now. 

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

The post Why Solana is up today amid a sea of red for major cryptos appeared first on The Motley Fool Australia.

More reading

• Australia’s first direct Bitcoin and Ethereum ETFs are launching
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Chris MacDonald owns shares of Ethereum and Solana. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Ethereum. 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.

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

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