ACHC INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Acadia Healthcare Company, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
SAN DIEGO, Nov. 24, 2024 (GLOBE NEWSWIRE) — Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Acadia Healthcare Company, Inc. ACHC publicly traded securities between February 28, 2020 and September 26, 2024, inclusive (the “Class Period”), have until Monday, December 16, 2024 to seek appointment as lead plaintiff of the Acadia Healthcare class action lawsuit. Captioned Kachrodia v. Acadia Healthcare Company, Inc., No. 24-cv-01238 (M.D. Tenn.), the Acadia Healthcare class action lawsuit charges Acadia Healthcare as well as certain of Acadia Healthcare’s top current and former executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Acadia Healthcare class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-acadia-healthcare-company-inc-class-action-lawsuit-achc.html
You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.
CASE ALLEGATIONS: Acadia Healthcare provides behavioral healthcare services.
The Acadia Healthcare class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Acadia Healthcare’s business model centered on holding vulnerable people against their will in Acadia Healthcare’s facilities, including in cases where it was not medically necessary to do so; (ii) while in Acadia Healthcare facilities, many patients were subjected to abuse; and (iii) Acadia Healthcare deceived insurance providers into paying for patients to stay in Acadia Healthcare’s facilities when it was not medically necessary.
The Acadia Healthcare class action lawsuit further alleges that on September 1, 2024, The New York Times published an article entitled “How a Leading Chain of Psychiatric Hospitals Traps Patients,” which revealed that The New York Times‘s “investigation found that some of that success was built on a disturbing practice: Acadia has lured patients into its facilities and held them against their will, even when detaining them was not medically necessary.” On this news, the price of Acadia Healthcare stock fell more than 4%, according to the complaint.
Then, on September 27, 2024, the Acadia Healthcare class action lawsuit further alleges that Acadia Healthcare revealed that “[o]n September 24, 2024, Acadia Healthcare . . . received a voluntary request for information from the United States Attorney’s Office for the Southern District of New York as well as a grand jury subpoena from the United States District Court for the Western District of Missouri (W.D.Mo.) related to its admissions, length of stay and billing practices,” further disclosing that “Acadia anticipates receiving similar document requests from the U.S. Securities and Exchange Commission and may receive additional document requests from other government agencies.” On this news, the price of Acadia Healthcare stock fell more than 16%, according to the Acadia Healthcare class action lawsuit.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Acadia Healthcare publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Acadia Healthcare class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Acadia Healthcare class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Acadia Healthcare class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Acadia Healthcare class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
https://www.rgrdlaw.com/services-litigation-securities-fraud.html
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Contact:
Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
info@rgrdlaw.com
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Quanterix Corporation Announcement: If You Have Suffered Losses in Quanterix Corporation (NASDAQ: QTRX), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
NEW YORK, Nov. 24, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Quanterix Corporation QTRX resulting from allegations that Quanterix may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Quanterix securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=31441 call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
WHAT IS THIS ABOUT: On November 12, 2024, after market hours, Quanterix filed a current report on Form 8-K with the SEC. In this current report, the Company announced that on “November 11, 2024, the Audit Committee of the Board of Directors of the Company, based on the recommendation of the Company’s management and after discussion with the Company’s independent registered public accounting firm, Ernst & Young LLP (“EY”), concluded that the Company’s previously issued audited consolidated financial statements as of December 31, 2023 and 2022 and for each of the three years in the period ended December 31, 2023, and its unaudited consolidated financial statements for the quarterly and year-to-date (as applicable) periods ended March 31, 2022, June 30, 2022, September 30, 2022, March 31, 2023, June 30, 2023, September 30, 2023, March 31, 2024, and June 30, 2024 (collectively, the “Non-Reliance Periods”), should no longer be relied upon.”
On this news, Quanterix’s stock price fell $2.77 per share, or 18.3%, to close at $12.40 per share on November 13, 2024.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
——————————-
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Bitcoin's Bull Run: Betting On A $125K Finish To 2024
Bitcoin BTC/USD, the world’s largest cryptocurrency by market cap, could potentially hit a staggering $125,000 by the end of this year.
What Happened: According to predictions by betting platform Kalshi, an 85% probability of Bitcoin reaching $100,000 by the close of 2024. The data also suggests a possibility of Bitcoin’s price surpassing $125,000 by year’s end.
The platform even sees a 9% chance of Bitcoin breaking the $150,000 mark, with an outside bet of it soaring to $250,000 or more.
Despite Bitcoin not yet breaching the $100,000 mark, the consensus among experts is that it’s a question of “when,” not “if.”
Bitcoin has already witnessed a nearly 40% surge in November and a 55% rise in Q4 overall, making this year almost as profitable as the last quarter of 2023.
Also Read: Here’s How A Bitcoin Whale Nets $179M From A $120 Investment
As per the report, Exchange-Traded Funds (ETFs) have played a pivotal role, absorbing over 90% of sell-side pressure from Long-Term Holders.
The U.S. ETFs recorded their most successful week’s inflows since their inception in the five trading days through Nov. 22. Total assets under management now exceed $100 billion.
Why It Matters: The bullish forecast for Bitcoin comes at a time when the cryptocurrency market is experiencing unprecedented growth.
The potential for Bitcoin to reach these high price points is indicative of the increasing acceptance and adoption of cryptocurrencies.
ETFs, in particular, have been instrumental in driving this growth, providing a more accessible and regulated means for investors to gain exposure to Bitcoin.
As more investors turn to Bitcoin as a store of value and hedge against inflation, the upward trajectory of its price is likely to continue.
Read Next
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Crypto Analyst: Bitcoin Poised To Skyrocket To $180K and 'Eventually' Top $1M
A leading analyst has suggested that Bitcoin BTC/USD could potentially skyrocket to $180,000 and eventually reach a seven-figure valuation.
What Happened: The prominent analyst, known by the pseudonym Pentoshi, projected a bullish future for Bitcoin. Pentoshi anticipates that Bitcoin could rise by approximately 82% from its present value.
In a post on X, Pentoshi posits that this expected price surge is merely a stepping stone in Bitcoin’s path to exceeding the $1 million mark.
He stated, “Eventually one day over $1 million. If you zoom out and think bigger. Hard to do when we live day to day at times. $180,000 still in 2026 at the latest in my opinion. Eventually higher than we all imagined.”
Also Read: Here’s How A Bitcoin Whale Nets $179M From A $120 Investment
At the time of writing, Bitcoin was trading at $97,326.69, down by almost 2% in the last 24 hours.
Why It Matters: Pentoshi’s prediction comes at a time when Bitcoin and other cryptocurrencies are gaining mainstream acceptance.
The potential surge in Bitcoin’s value underscores the growing interest and investment in the crypto market. However, it’s important to note that while the crypto market offers significant earning potential, it also comes with risks, as highlighted by Pentoshi’s caution about the sustainability of these advances.
The crypto market is known for its volatility, and investors should be prepared for potential fluctuations in value.
Read Next
Crypto Analyst Predicts Bitcoin To Blast Off To $90,000 If This Happens
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Costco Founder's Chat With Bezos Over Coffee Helped Save Amazon
Amazon.com Inc. stands as a $2 trillion retail giant today, but its survival was in serious jeopardy back in 2001. After the dot-com bubble burst, Amazon’s stock plummeted 90%, leading many critics to predict its demise.
However, founder Jeff Bezos reversed the company’s fortunes with help from a surprising source: Costco Wholesale Corp. founder Jim Sinegal.
In 2001, Bezos met with Sinegal over coffee at a Starbucks inside a Barnes & Noble near Amazon’s Bellevue, Washington offices, as detailed in the book “The Everything Store” by journalist Brad Stone.
Initially, Bezos sought to discuss sourcing products from Costco, but the conversation shifted to pricing strategies that would ultimately shape Amazon’s future, reports CNBC.
Sinegal shared Costco’s core principle: “value trumps everything.” He explained how the retailer kept prices “dirt cheap” by cutting unnecessary costs and building strong supplier relationships. Costco’s low prices, he said, reinforced the value of its annual membership, which accounted for much of its profitability.
“The membership fee is a one-time pain, but it’s reinforced every time customers walk in and see forty-seven-inch televisions that are two hundred dollars less than anyplace else,” Sinegal reportedly told Bezos, and as quoted by Stone.
Also Read: Jeff Bezos Swears By This One-Hour Rule For Success — Now Neuroscience Backs It Up
Inspired by this, Bezos quickly called a meeting at Amazon to address the company’s “incoherent” pricing strategy. By that summer, Amazon began cutting prices on flagship products like books, music, and videos, offering discounts of up to 30%. Bezos famously declared, “There are two kinds of companies: Those that work to raise prices and those that work to lower them. We’ll always be the second.”
The strategy paid off. By the end of 2001, Amazon posted its first profitable quarter, a turnaround Bezos credited to lower prices and cost-cutting measures.
In 2005, Amazon launched its membership program, Prime, echoing Costco’s model by offering discounted prices and free shipping to paying members. Bezos later described Prime as offering such good value that “you’d be irresponsible not to be a member.”
Today, Amazon’s approach to pricing and memberships, rooted in the lessons of that pivotal 2001 meeting, continues to underpin its global success.
Read Next
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24% Of Democrats Say Trump's Election Made Them Less Likely To Buy A Home
New data from Realtor.com shows a partisan divide in housing market sentiment after Donald Trump’s presidential election victory. Republicans have increased optimism, while Democrats are hesitant about home-buying plans.
Morning Consult’s survey in early November found that roughly 20% of Republicans report being more likely to purchase a home due to the election outcome. In contrast, nearly a quarter of Democrats indicate they’re now less likely to enter the housing market in the coming year.
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Independent voters remained largely unmoved by the election results, with 74% reporting no change in their home-buying intentions.
The contrasting sentiments align with Trump’s proposed housing policies. Real estate experts anticipate market changes under his leadership, particularly around interest rates and development regulations.
His platform, announced before the election, called for removing construction barriers, including regulations that currently add over $90,000 to new home prices and for opening federal lands for housing development.
“Many in the real estate business are elated with a Trump victory and if the administration can live up to its campaign promises, rightfully so,” said Alex Beene, financial literacy instructor at the University of Tennessee at Martin. “For months, he has been advocating for lower interest rates, which have become one of the most significant barriers to homeownership in the post-pandemic years.”
See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.
However, Realtor.com Chief Economist Danielle Hale said the proposals present opportunities and challenges. While supply-side policies might boost housing inventory, proposed immigration restrictions could affect construction labor. Census Bureau data shows that up to one-third of residential construction relies on foreign-born workers.
The survey polled 2,201 adults nationwide and highlighted demographic variations in housing market confidence.
Male respondents showed notably higher optimism, with 18% indicating an increased likelihood to buy compared to 10% of women. Generation Z emerged as the most optimistic age group, with 22% reporting enhanced home-buying prospects, followed by millennials at 19%, Generation X at 12% and baby boomers at 6%.
Economic outlook drives the responses. Republicans who expressed increased interest in home buying cited anticipated improvements in economic conditions and confidence in the new administration.
Trending: The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.
“I believe the interest rates will go down. Inflation will drop to affordable levels,” one respondent noted in the survey’s free-response section.
Democrats who expressed decreased home-buying interest pointed to economic concerns. “There is a very real possibility that the economy will tank and having my own home will be impossible,” one participant stated.
Others specifically mentioned worries about inflation and tariff policies.
The housing sentiment split mirrors broader economic confidence trends. Morning Consult data cited by Realtor shows Republican consumer sentiment surged nearly 30% postelection, while Democratic sentiment declined 13% during the same period.
Current homeowners across party lines reported minimal impact on their selling intentions, though Democrats showed a slightly higher tendency to delay selling plans.
Read Next:
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Will Nvidia Reach $4 Trillion? 3 Reasons It Could Happen by the End of the Year.
Nvidia (NASDAQ: NVDA) did it again.
The AI chip superstar delivered another round of smashing results, easily beating estimates in its third-quarter earnings report on Nov. 20.
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Revenue jumped 94% in the quarter to $35.1 billion, which topped the consensus at $33.1 billion, and adjusted earnings per share (EPS) more than doubled from $0.40 to $0.81, ahead of estimates at $0.75.
Shares pulled back slightly on the news as investors have gotten accustomed to the chip titan regularly besting expectations, and some analysts wanted to see stronger fourth-quarter guidance, which called for $37.5 billion in revenue — a 70% increase from the quarter a year ago.
At the time of this writing, Nvidia is now worth $3.5 trillion. It’s the most valuable company in the world, but it’s only natural to wonder if it will be the first to make it to the $4 trillion milestone. That seems likely, and it could happen sooner than you think.
Nvidia has been reporting eye-popping revenue growth since the launch of ChatGPT. In fact, this was the first time in six quarters that the company failed to deliver triple-digit sales growth, though you’re not going to hear any complaints about a 94% jump on the top line.
Even as Nvidia’s growth naturally moderates, the amount of revenue it’s adding each quarter is still expanding, showing that the business is still accelerating. But what’s even more impressive is that its third-quarter revenue increase doesn’t reflect the underlying demand for its product. That continues to outstrip supply, which is constrained by Taiwan Semiconductor Manufacturing‘s ability to produce its chips.
On the third-quarter earnings call, chief financial officer Colette Kress described demand for the new Blackwell platform as “staggering” and demand for the legacy Hopper platform as “exceptional.”
Speaking about the Blackwell platform, she added, “We are racing to scale supply to meet the incredible demand customers are placing on us,” and she forecast that Blackwell demand would exceed supply for several quarters in fiscal 2026.
It’s impossible to quantify the company’s demand, but its quarterly revenue should be seen as a baseline for its potential revenue rather than an accurate reflection of demand for its products.
Wall Street is overwhelmingly bullish on Nvidia and has been for some time. Even as the company slipped on the earnings report, over a dozen analysts raised their price targets on the stock.
Crypto Expert Who Called 2022 Market Crash Warns About Bitcoin
A well-known crypto analyst who accurately predicted the market collapse of 2022 is now cautioning that Bitcoin BTC/USD may be nearing a local top.
What Happened: Pseudonymous analyst Capo believes that certain indicators suggest Bitcoin could face a pullback in the near future. The analyst, recognized for their precise market calls, has shared their concerns about Bitcoin’s current trajectory.
In a recent post on Telegram, the crypto expert pointed to factors like overextended bullish sentiment and waning momentum as signs that a correction might be imminent.
Bitcoin has recently experienced a significant recovery, climbing past $37,000 after a prolonged bear market. However, the analyst warns that the asset’s strong rally could be losing steam, leaving it vulnerable to short-term declines. Capo argues that traders should exercise caution and prepare for potential volatility.
“I’m still out of the market for a few weeks now. At this point, it doesn’t matter if Bitcoin reaches $98,000, $99,000, or if it goes above $100,000. The local top could occur at any moment, and this movement could be fully retraced,” Capo said in the post.
Capo outlines several reasons for his belief that a market correction is likely, including the fact that pro-crypto U.S. President-elect Donald Trump won’t assume office until January 20th.
Capo shared some of the reasons why he is being cautious about the Bitcoin move.
Also Read: Robert Kiyosaki: ‘Trump Will Make America Richer Again By Being The First Bitcoin President’
“Sentiment is extremely bullish here. Retail is piling in massively, aping into memecoins. The memecoin rally feels overextended, and that’s unhealthy. A strong correction is overdue, and it will likely affect the entire market. Trump is still not in power. The Democrats are still governing the country, and despite saying the transfer of power would be ‘smooth and in a peaceful way,’ they are already trying to provoke a big war. In my view, this is a desperate attempt to apply the martial law or/and leave Trump in a complicated position,” Capo said in the post.
Capo added, “Also, the US government holds 208,109 BTC (currently $20.15 billion). They recently got approval to sell the Silk Road Bitcoin, likely through auctions or gradual sales. Honestly, it wouldn’t be surprising if they timed it to tank BTC prices and make the next administration look bad – or just to make sure they don’t leave those BTC behind for them to use.”
“Many altcoins are showing weakness and testing major levels as resistance. It’s mostly a BTC and memecoins run, which is never a good sign. Not ruling out a few final altcoins pumps, but if my thesis is right, they could dump 60-80% over the next few weeks,” the analyst concluded.
Why It Matters: Despite the cautionary outlook, Bitcoin remains a dominant force in the cryptocurrency market, with proponents pointing to its long-term potential as a hedge against inflation and economic uncertainty. Institutional adoption and favorable regulatory developments continue to support the broader bullish case.
For investors, this latest warning serves as a reminder of the inherent volatility in the crypto market. While Bitcoin has defied expectations before, understanding market dynamics and being prepared for fluctuations is essential for navigating the space.
Read Next
Here’s How A Bitcoin Whale Nets $179M From A $120 Investment
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ROSEN, TRUSTED INVESTOR COUNSEL, Encourages WM Technology, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – MAPS
NEW YORK, Nov. 24, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of WM Technology, Inc. MAPS between May 25, 2021, and September 24, 2024, both dates inclusive (the “Class Period”), of the important December 16, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased WM Technology securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the WM Technology class action, go to https://rosenlegal.com/submit-form/?case_id=29177 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 16, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) WM Technology’s monthly average user metrics (“MAUs”) were severely inflated for years; and (2) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the WM Technology class action, go https://rosenlegal.com/submit-form/?case_id=29177 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
——————————-
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Crypto Analyst Sees Shiba Inu Surging More Than 2,000% In Coming Rally
A market analyst says Shiba Inu SHIB/USD could experience a massive rally, predicting gains exceeding 2,000%.
What Happened: The forecast has sparked excitement among the cryptocurrency’s community as SHIB continues to gain traction as a leading meme coin.
Crypto analyst Austin Hilton, known for his bold predictions, shared his thoughts in a post on YouTube and suggested that favorable market conditions and strategic developments could push SHIB into a significant uptrend.
Hilton highlighted key catalysts, such as increased adoption and potential ecosystem upgrades, as reasons behind the bullish outlook.
Shiba Inu has already seen remarkable growth since its inception, fueled by its vibrant community and utility within the Shiba ecosystem, including decentralized exchanges and NFT marketplaces. The recent prediction has added momentum to the ongoing discussions about SHIB’s long-term potential.
Also Read: Massive Shiba Inu Burn Ignites Hope For Price Recovery Despite Market Downturn
At the time of writing, SHIB was trading at $0.00002478, down by 4% in the last 24 hours.
Despite its current price hovering at fractions of a cent, the analyst believes that strategic milestones could propel SHIB’s value. These include the expansion of ShibaSwap, further token burns to reduce supply, and adoption by mainstream businesses for payments.
However, experts have cautioned that such exponential growth is not guaranteed and remains highly speculative. The cryptocurrency market’s volatility and reliance on broader economic conditions mean that predictions should be approached with caution. Investors are advised to conduct thorough research and assess risks before making decisions.
Read Next
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