For example, GameStop is an American chain of stores selling physical video games. In recent years, it has been in a difficult position due to competition from the digital distribution of computer games and the economic impact of the COVID-19 pandemic, which has reduced the number of buyers. As a result, GME’s share price fell, causing many institutional investors to sell the stock short. At the same time, some investors suggested that GameStop stocks were undervalued.
Everything changed in January 2021 when Reddit users initiated the historic short squeeze on GME shares on various exchanges. This resulted in significant financial losses for some of the major bearish players in the US stock market, particularly hedge funds.
A coordinated purchase by retail investors in just two weeks raised GameStop’s share price from $ 20 to $ 500 per share! At the same time, the total market capitalization of the cryptocurrencies rose in parallel.
Another super popular company is Virgo galactic, chosen by space lovers, dreamers and fans of the charismatic founder Richard Branson (Virgin Airlines). His social media accounts instill confidence in a new project related to tourist suborbital space flights.
There was a time when speculators sped the price of these stocks up to $ 60 and then simply lowered it to $ 19. What does SPCE expect in the near future and will it be able to compete with Elon Musk’s projects?
If you want to add biopharma stocks to your portfolio, aren’t just that Pfizer Holdings that are already available at FxPro, but also those that have been added Moderna. It was $ 10 a share in early 2020, now it’s over $ 200! What impressive movement can this newcomer expect next? Stay up to date with news on vaccination contracts and don’t forget technical analysis to help make responsible trading decisions.
Also on board at FxPro are stocks of super popular brands, including Salesforce, Coinbase, AirBnB, Zoom, Uber and even Nokia: By the way, Reddit users also tried to arrange a short squeeze at Nokia, but it didn’t work out very well for them: The price only rose by $ 3, so investors in a hurry were stuck in their long positions for a long time.
A total of 38 new companies have been added to the list of assets on FxPro platforms as a whole. The trading conditions are some of the most attractive on the market and the speed of order execution is impressive. You can open business with this global broker not only on desktop platforms but also via mobile apps.
Since FxPro offers CFD trading, you can trade long or short and speculate on rising or falling prices. Click here for a full list of the newly added stock CFDs that you can trade with FxPro right now!
New cryptocurrencies: it’s getting more interesting!
13 brand new coins were added to the list of CFDs alongside Bitcoin, BitcoinCash, Litecoin, Ethereum and Ripple:
BAT – a token created based on the Ethereum blockchain;
Dogecoin – Based on Litecoin and named after the internet meme Doge;
Speckle – managed to get into the top ten of the Coinmarketcap rating and overtake whales like EOS, Litecoin and Tron;
JOTA is a new generation cryptocurrency based on Tangle technology; Developed for the secure and efficient transfer of data and payments without commissions between devices in the Internet of Things;
Z cash is the world’s first open source blockchain-based confidential cryptocurrency;
BitcoinGold is a BTC hard fork that was completed in October 2017 to create an ASIC-resistant Bitcoin. Bitcoin Gold debuted at number 5 on the Coinmarketcap list.
Chain link is a decentralized network of nodes that provide data and information from sources outside the blockchain using oracles to smart contracts within the blockchain.
LINE is an open, decentralized payment system in the form of a blockchain-based cryptocurrency that uses a mechanism to increase the privacy of transactions.
Eosio is an intelligent contract platform that offers both normal users and developers of decentralized applications almost unlimited scalability and high transaction performance.
Ethereum classic is a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine, that can run programs on public network nodes.
NEO is a non-profit project that includes the blockchain and the cryptocurrency of the same name, the aim of which is to create a “smart economy”.
Stellar is a reinterpretation of the Ripple platform by XRP co-founder Jed McCaleb in 2014; it is quite popular in business circles.
Monero is the best-known cryptocurrency based on the CryptoNote protocol and geared towards more privacy in transactions.
Ready to start trading? Then head over to the FxPro promo page for a full list of all the assets available.
Please note that trading in cryptocurrencies is not available for retail customers registered with FxPro UK Ltd (UK).
Act responsibly. CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. 74.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.