MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Is Palantir A Crypto Play? Why This Investor Says The Stock Should Be ‘Significantly Higher’

December 8, 2021
in Regulations
Reading Time: 1 min read
A A
Is Palantir A Crypto Play? Why This Investor Says The Stock Should Be ‘Significantly Higher’
ShareShareShareShareShare

Executives from six cryptocurrency companies appeared before the House Financial Services Committee Wednesday, as lawmakers spent hours trying to better understand how to approach crypto regulations.

Regulation comes with security and one potential beneficiary of such could be Palantir Technologies Inc (NYSE:PLTR), according to Guy Adami, director of advisor advocacy at Private Advisor Group.

“They have a crypto-security platform that I don’t think the market fully comprehends,” Adami said Wednesday on CNBC’s “Fast Money.”

Palantir announced its Foundry software would support cryptocurrency platforms earlier this year.

“We think we’re going to be a massive accelerant for crypto companies,” Palantir COO Shyam Sankar said during the company’s most recent earnings call.

See Also: Bitcoin Or Ethereum: Which Will Break Out First?

Adami expects Palantir to be at the forefront of crypto security.

“If that is the case, which I think it will be, this stock should be significantly higher,” Adami said.

He acknowledged the stock has been tough to own, trading down more than 15% year-to-date. Still, Adami emphasized that long-term investors seeking crypto exposure should look no further than Palantir: “If you want to look downstream, look at Palantir.”

PLTR Price Action: Palantir has traded as high as $45 and as low as $17.05 over a 52-week period.

The stock was up 1.36% at $20.09 in after-hours trading Wednesday.

Photo: Cory Doctorow from Flickr.

Credit: Source link

ShareSendTweetPinShare
Previous Post

Ubisoft’s NFT Quartz Announcement Has Been Intensely Disliked

Next Post

Will the future of the music industry be NFTs and metaverse concerts?

Next Post
Will the future of the music industry be NFTs and metaverse concerts?

Will the future of the music industry be NFTs and metaverse concerts?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Crypto Flipsider News – SBF will Testify; AAX Employees Attacked; Galaxy to Buy GK8; NFT Virtual Property; ByBit Layoff By DailyCoin

US SEC Investigates Investment Advisors About Crypto Regulations By CoinEdition

January 27, 2023
How Storytelling Is Driving NFTs

How Storytelling Is Driving NFTs

January 27, 2023
The California DMV is set to digitize car titles and title transfers

The California DMV is set to digitize car titles and title transfers

January 28, 2023
Tech Support Scams Find New Victims In Federal Workers

Tech Support Scams Find New Victims In Federal Workers

January 26, 2023
Growth in Crypto Interest In This South American Country Leads To Binance Mastercard Tie-Up

Growth in Crypto Interest In This South American Country Leads To Binance Mastercard Tie-Up

January 30, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • The January figures are 92.7% lower than the $121.4 million
  • Beware cryptocurrency scams: Attorney general
  • Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation – Regulation Bitcoin News

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 24,049.00 4.04%
  • ethereumEthereum (ETH) $ 1,681.59 5.92%
  • tetherTether (USDT) $ 1.00 0.27%
  • bnbBNB (BNB) $ 321.24 2.83%
  • usd-coinUSD Coin (USDC) $ 1.00 0.3%
  • xrpXRP (XRP) $ 0.413896 2.75%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • cardanoCardano (ADA) $ 0.409577 5.43%
  • dogecoinDogecoin (DOGE) $ 0.095430 0.44%
  • matic-networkPolygon (MATIC) $ 1.24 11.7%
  • okbOKB (OKB) $ 40.01 6.17%
  • solanaSolana (SOL) $ 25.50 6.98%
  • staked-etherLido Staked Ether (STETH) $ 1,676.03 5.95%
  • polkadotPolkadot (DOT) $ 6.57 4.83%
  • litecoinLitecoin (LTC) $ 101.31 4.75%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 2.9%
  • avalanche-2Avalanche (AVAX) $ 21.65 10.44%
  • tronTRON (TRX) $ 0.063759 2.1%
  • uniswapUniswap (UNI) $ 6.98 5.82%
  • daiDai (DAI) $ 1.00 0.23%
  • cosmosCosmos Hub (ATOM) $ 14.91 11.5%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,063.00 4.42%
  • chainlinkChainlink (LINK) $ 7.31 5.03%
  • the-open-networkToncoin (TON) $ 2.43 5.13%
  • moneroMonero (XMR) $ 179.49 1.11%
  • ethereum-classicEthereum Classic (ETC) $ 22.64 4.74%
  • leo-tokenLEO Token (LEO) $ 3.38 5.05%
  • aptosAptos (APT) $ 18.25 9.85%
  • bitcoin-cashBitcoin Cash (BCH) $ 137.71 2.46%
  • stellarStellar (XLM) $ 0.092942 2.68%
  • apecoinApeCoin (APE) $ 6.12 3.43%
  • quant-networkQuant (QNT) $ 150.52 5.38%
  • filecoinFilecoin (FIL) $ 5.73 9.22%
  • nearNEAR Protocol (NEAR) $ 2.47 6.95%
  • crypto-com-chainCronos (CRO) $ 0.081812 3.35%
  • lido-daoLido DAO (LDO) $ 2.36 9.33%
  • algorandAlgorand (ALGO) $ 0.256896 6.86%
  • vechainVeChain (VET) $ 0.025021 8.14%
  • hedera-hashgraphHedera (HBAR) $ 0.069395 7.27%
  • internet-computerInternet Computer (ICP) $ 6.03 0.99%
  • fantomFantom (FTM) $ 0.580827 9.85%
  • decentralandDecentraland (MANA) $ 0.804767 6.36%
  • axie-infinityAxie Infinity (AXS) $ 11.43 4.76%
  • aaveAave (AAVE) $ 91.43 10.1%
  • the-sandboxThe Sandbox (SAND) $ 0.774064 5.07%
  • eosEOS (EOS) $ 1.09 2.67%
  • flowFlow (FLOW) $ 1.14 6.81%
  • elrond-erd-2MultiversX (EGLD) $ 44.77 5.2%
  • theta-tokenTheta Network (THETA) $ 1.10 6.71%
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000173 0.72%