WSB (WallStreetBets) is a Reddit community of investors and traders who follow the stock market. The WSB list includes stocks that receive a lot of media attention and have a strong sentiment from retail investors. The popularity of these stocks among retail investors combined with social media creates viral trends with a global reach and large price movements. WSB investors are attracted to "meme stocks" and popular "blue-chip" stocks due to their familiarity, volatility and momentum. Since meme stocks often experience rapid price movements, traders can potentially make quick profits as more investors rally around a stock, creating a sense of community among meme stock traders. Many people who invest in meme stocks are active participants in online forums and social media groups where they share information and insights about trading strategies, market trends, and individual stocks.
Investors are betting on the US election: Trump's media technology group's stock price has surged 90% in the past month.
①Trump Media Technology Group (DJT) stock price surged 18% on Monday, with a nearly 90% increase this month; ②The sharp rise in the company's stock price reflects the increasing likelihood of Trump winning the election, with Harris's advantage over Trump disappearing on the gambling website PredictIt.
Bitcoin breaks through $66,000! Harris promises to support the regulatory framework for digital currency.
USA presidential candidate and current Vice President Harris has pledged to support the regulatory framework for digital currencies, boosting the trend of digital currencies on Monday. In addition, the bankrupt Mt. Gox crypto exchange postponed the deadline for repaying the remaining assets to creditors by one year last week, alleviating concerns of oversupply that may arise from creditors selling back Bitcoin. Bitcoin and Ether both surged at least 6%.
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Trump Media Stock DJT Rises 20% Monday and Almost 160% in Three Weeks
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