Price action of the Roundhill Ball Metaverse ETF (META) is very bullish and suggests the beginning of an uptrend
Dwight Galusha | November 3, 2021 | SmallCapPower: The Roundhill Ball Metaverse ETF (META) is breaking out to a new all-time high (with massive volume) off the back of the Facebook name change news. This price action is very bullish and suggests the beginning of an uptrend for this new metaverse investment theme.
The Ball Metaverse Index is the first index globally designed to track the performance of the Metaverse, which is defined as a successor to the current internet that will be interoperable, persistent, synchronous, open to unlimited participants with a fully functioning economy, and an experience that spans the virtual and ‘real’ world.
Bloomberg Intelligence believes the market opportunity for the Metaverse can reach $800 billion by 2024.
META ETF may provide exposure to companies developing infrastructure essential to the Metaverse, such as Cloudflare and Nvidia; gaming engines responsible for the creation of virtual worlds, including Unity and Roblox; pioneers in content, commerce, and social for the Metaverse, such as Tencent, Sea and Snap, and; the support of digital payment processes and operations, which includes fiat on-ramps to pure-play digital currencies and financial services.
Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
To read our full disclosure, please click on the button below:
 is very bullish and suggests the beginning of an uptrend.){kind=link}