Tesla is doing well: car sales and Bitcoin trading are yielding tons of money

The company had a nice first quarter. Many cars have been sold, but Tesla’s Bitcoin trade has also generated a lot of money.

Analysts already predicted a good quarter for the automaker, but the company has exceeded expectations. This is due to record-breaking car sales, as well as Bitcoin trading. Tesla generated $ 10.4 billion in revenue in the first quarter of 2021.

Cars

That is still the core business of the company, fortunately. Despite a global chip shortage, Tesla sold 184,877 cars in the first quarter. That’s 4,000 more cars than the last quarter of 2020. Analysts had forecast 177,822 deliveries, so the company has done better. Netherlands crypto is popular.

These good sales also pushed Tesla past Wall Street earnings per share (EPS) forecasts of $ 0.86 by registering $ 0.93 EPS on its balance sheet. So there is also good news for shareholders.

Tesla and Bitcoin trading

Elon Musk is of course a big fan of digital coins. He is so confident in cryptocurrency that he made Tesla invest $ 1.5 billion in Bitcoin. In May last year, the automaker announced that people in America can buy their cars with Bitcoins. Where many people had their doubts, this turned out well. The company’s financial man, Zachary Kirkhorn, said Bitcoin trading helped the company earn $ 272 million – with $ 101 million in “positive impact.” Tesla’s Bitcoin trading has been successful so far. Portugese crypto Currencyconverters.org is popular.

Musk always tweets a lot and this time of course. He tweeted that digital coin trading accounted for 10% of Tesla’s digital assets. Incidentally, he has not sold anything himself. The company said it expects vehicle delivery to grow 50% by 2021. We will not be surprised if this succeeds.

Ripple (XRP) shoots up 13%, why? Bitcoin sees positive momentum, more BTC from exchanges

The bitcoin (BTC) rate and overall crypto market still appear to be recovering from the massive correction two days ago. How are the well-known analysts doing now? In this article you will find some interesting tweets!

Polkadot (DOT) and bitcoin (BTC) above 200-MA

For the time being, the bitcoin price is consolidating after the correction and is therefore able to maintain above the 200-day moving average (MA). Renovato.io  has enough information. “Another daily close above the 200-day MA for BTC,” said on-chain analyst Will Clemente. This MA serves as important support for the price. The fact that we are still above that is of course a good sign.

Polkadot (DOT) has also visited its 200-day MA on the DOT/BTC chart due to the correction. The DOT price then bounced off this in what analyst Pentoshi calls a “perfect 200-day MA retest”. DOT is also the only major riser in the top 10 at the moment. Another riser is ripple (XRP).

Ripple (XRP) enjoys Coinbase effect for a while

If you look at the chart of XRP, you will see a striking increase in recent hours. Unfortunately, this increase was short-lived. It was a mistake by Coinbase. As XRP was removed from the trading platform due to the ongoing lawsuit against the Securities and Exchange Commission (SEC), XRP was suddenly visible again. For a brief moment, XRP enjoyed the Coinbase effect that caused XRP to rise by 13% in an hour.

Bullish impulse for bitcoin

Finally, we look at a tweet from on-chain analyst Will Clemente. He notes that there is again a bullish (positive) impulse seen among the investors who are in bitcoin for the long term. https://folm.io/ has enough information. He writes on Twitter: “Another bullish impulse from BTC moving towards long-term investors and coins coming from exchanges. Ignore the noise.”

Shiba Inu Price Prediction As SHIB Enters Distribution Phase

The price of Shiba Inu has been in a tight range lately.

The coin had a major rally as investors switched to dog coins. The coin may fall sharply soon as it moves into the distribution phase.

The strong rally of the Shiba Inu (SHIB/USD) currency price has stalled as it enters the distribution phase. The coin is trading at $0.000028, which is about 22% below last week’s high. This drop has brought its total market cap to over $11 billion, making it the 17th largest cryptocurrency in the world.

SHIB fundamental analysis

Shiba Inu is a relatively new blockchain project that was launched in May this year. It was launched at the height of the cryptocurrency frenzy. Shortly after launch, the price of the Dogecoin killer jumped to an all-time high of $0.000090. Aave future price prediction is positive. It then crashed to an all-time low of $0.000006 during the cryptocurrencies sell-off.

Shiba Inu was designed as a joke at a time when all the attention was focused on Dogecoin. Since its inception, the ecosystem has grown significantly. The developers have launched LEASH, a cryptocurrency with a limit of only 107,646 tokens. They also launched BONE, a cryptocurrency with a limit of 250 million tokens.

Another important development was the launch of Shiba Swap, a DeFi platform based on Ethereum technology. The platform allows users to provide liquidity, through a process known as digging. They can also make money by staking their tokens through a process known as burial. In addition, they can also exchange tokens.

The price of Shiba Inu recently recovered as investors took an interest in the so-called dog coins. This happened after Elon Musk tweeted about his dog, known as Floki. Since then, most dog coins like Floki coins have all risen.

Shiba Inu Price Prediction

The 1-hour chart shows that the Shiba Inu price has been in a tight range for the past few days. This is a sign that demand for the currency has declined as many of last week’s buyers have begun to divide their holdings. Renovato.io Crypto has enough information. The price is slightly above the rising trendline shown in blue. It is slightly below the 25 and 50 period moving averages, while the MACD has moved below the neutral level.

Therefore, there is a good chance that the price will break out lower as the distribution phase moves into high gear. This takes it down to the key support at $0.000025.

Cryptocurrency Bitcoin loses significant value again after warning from China

Bitcoin is deepening the loss at a rapid pace. The virtual currency lost up to 30 percent, only to rise slightly afterwards. The dive follows a warning from Chinese banking federations that cryptocurrencies are not real money that can be used to pay. Earlier, Tesla’s Elon Musk nibbled on the value of bitcoin.

Bitcoin’s value has fallen by more than 12 percent in the past 24 hours, according to CoinMarketCap. That website monitors various platforms on which cryptocurrencies are traded. The price of bitcoin, the largest crypto currency, fell below $40,000 for the first time since early February. In mid-April, a bitcoin was still worth more than $ 60,000. Encjin crypto is well known in crypto.

Bitcoin depreciation

Bitcoin’s depreciation came after the Chinese central bank warned that bitcoin and other cryptocurrencies are not real money with which to pay. Analysts said Beijing’s statement did not include new regulatory steps, but the decline in bitcoin’s value followed. Vechain VET is well known in crypto.

The price of bitcoin also fell sharply last week after Elon Musk announced that his car factory Tesla had stopped accepting payments in bitcoin for environmental reasons. In February, Tesla announced that it would be possible to buy an electric car from Tesla with bitcoins.

The European Central Bank also contributed by comparing the rise of crypto coins with the tulip mania in the Netherlands in the 17th century. So many signals at once were clearly a trigger for many investors to sell their bitcoins and other cryptocurrencies.