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News Release

Toggle3D.ai userbase grows by 70% with over 17,000 people now on the platform

Toggle3D.ai Inc

Toggle3D.ai chief product officer Dasha Vdovina joined Steve Darling from Proactive to share latest developments regarding the company's platform, which has seen a substantial increase in user sign-ups. Toggle3D.ai has achieved a significant milestone by surpassing 17,000 user sign-ups, reflecting a remarkable 70% increase. This surge in sign-ups underscores the strong market demand for the platform and its innovative features. Vdovina also discussed a new feature that has been introduced, allowing designers and creators to seamlessly convert their doodles and sketch concepts into 3D creations. This feature empowers users to better plan and visualize their ideas, addressing the time-consuming process of CAD model creation. In the past, designers had to sketch their product concepts in 2D on paper before transitioning to the complex task of creating CAD models in specialized software. Toggle3D.ai simplifies this process by enabling users to experiment with and visualize their concepts in 3D, thereby facilitating improved prototyping and concept visualization in basic 3D shapes. These advancements demonstrate Toggle3D's commitment to offering innovative solutions that streamline the design and creation process, making it more accessible and efficient for users. The substantial increase in user sign-ups and the introduction of new features underscore the platform's relevance and potential impact in the field of 3D design and visualization. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

September 20, 2023 01:32 PM Eastern Daylight Time

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News Release

Shiba Inu (SHIB) & Litecoin (LTC) Slide, Borroe.Finance ($ROE) Grabs Investor Spotlight

Blockchain Digest

Shiba Inu ($SHIB) has fallen in contrast to the popularity of its Shibarium upgrade. Likewise, Litecoin ($LTC) is in the red zone after the SEC's disappointing announcement. Meanwhile, token holders seem bullish on Borroe.Finance ($ROE ), after it realized a 25% increase. Borroe.Finance is a short-term capital generation platform. Its services are unique. But are they unique enough to make $ROE a good crypto to buy now? >>BUY $ROE TOKENS NOW<< SHIB Price Prediction: Shibarium Transactions Surpass 2.75 Million Shiba Inu's ($SHIB) Shibarium network has seen its transaction count rise to 2.9 million since its August 16 launch. This milestone represents an important advancement for Shiba Inu ($SHIB), given its massive potential for network activity improvement. Shiba Inu's ($SHIB) price has been affected positively by Shibarium's growing popularity. Some analysts expect a market rise soon due to anticipation of Bitcoin Spot ETF approvals in October. In such a scenario, Shiba Inu ($SHIB) could rise further, given the growing adoption of Shibarium. The token could increase to $0.000008110 when the market enters the next bull run. Litecoin ($LTC) Slides Following Negative Bitcoin News On August 31, 2023, The Securities and Exchange Commission (SEC) delayed its decision on Spot BTC ETF applications. The announcement disappointed many investors who were anticipating the first-ever Spot Bitcoin ETFs. As a result, many top altcoins, such as Litecoin ($LTC) and Bitcoin Cash, dropped sharply. Before the news went viral, Litecoin ($LTC) was trading at $68.89 on August 29. Yet, it fell to $64.93 by September 20 - a day after the SEC's announcement. Notably, Litecoin's ($LTC) drop came after the halving of its block rewards. On August 2, Litecoin ($LTC) halved block rewards from 12.5 $LTC to 6.25 $LTC. Analysts say Litecoin ($LTC) could fall further if the SEC doesn't give positive news on Bitcoin Spot ETFs in October. Litecoin ($LTC) could drop further, falling to $58.99 if the SEC disappoints investors again. Borroe.Finance ($ROE): Bringing Interest To Decentralized Invoice Financing Invoice financing is not a new concept. For a long time, companies have been able to take loans using their future and outstanding invoices as collateral. Yet, the traditional invoice financing industry has fallen short of meeting the needs of firms in the Web 3.0 industry. Borroe.Finance ($ROE) is a decentralized solution that offers the best invoice financing, lower costs, and instant approvals. The platform uses AI technology to assess credit worthiness before giving out loans. Furthermore, Borroe.Finance uses fractionalized NFTs to smoothen the process of allocating collateral. Borroe.Finance also allows companies to customize funding requests to reflect the needs of their organizations. This means that users can add special discounts to make their funding requests more attractive. Furthermore, they can add a social media Share2Earn program, further boosting their requests' desirability. Borroe.Finance is also an opportunity to invest in businesses with low-risk and high-reward potential. $ROE is in Stage 1 of its presale, yet excitement is rising following its 25% increase from its beta Stage. It is trading at $0.0125. Yet all eyes are on the end of its presale when Borroe.Finance ($ROE) will rise to $0.040. When $ROE reaches $0.040, it will have realized a 300% increase from its initial price. A 300% increase will make Borroe.Finance ($ROE) one of the best DeFi coins. Learn more about Borroe.Finance ($ROE) here: Visit Borroe.Finance ($ROE) Presale | Join The Telegram Group | Follow Borroe on Twitter Contact Details Borroe.Finance press@borroe.finance

September 20, 2023 01:18 PM Eastern Daylight Time

News Release

Solana ($SOL) Partners with Visa, Borroe.Finance ($ROE) Takes Over the Market

Blockchain Digest

Visa has just announced its partnership with Solana ($SOL). As expected, there is jubilation in the altcoin community as speculators hope for a massive boost in its adoption. However, experts agree that any major boosts will face staunch competition from Borroe.Finance ($ROE ). Its rising popularity makes Borroe.Finance ($ROE) one of the best new ICOs. But can it challenge $SOL in 2023? Let's see what the consensus is. >>BUY $ROE TOKENS NOW<< Solana ($SOL) To Collaborate on Visa's Stablecoin Settlements Visa has announced plans to increase its cross-border money movement. As part of its plans, it would incorporate Solana ($SOL) for its USDC stablecoin settlements. Visa also announced that two new merchants would pilot USDC Settlement payments on Solana ($SOL). The news had a positive effect on Solana’s ($SOL) price. It was trading at $19.33 on September 1 following the market downturn. Solana ($SOL) rose by 4.8% to $20.27 on September 5 after announcing its collaboration with Visa. The news of the partnership changed Solana's ($SOL) bearish course, which the market downturn had inspired. In addition, analysts agree that Solana’s ($SOL) partnership is set to boost adoption because Visa is one of the global payment giants. Solana ($SOL) is expected to increase by 9.3% to $21.37 due to excitement around its Visa partnership. Borroe.Finance ($ROE): Upgrading Access to Revenue Financing Markets Borroe.Finance ($ROE) is a community fundraising marketplace. It uses the latest technology trends to ensure an easy P2P community for raising working capital. The platform leverages cryptocurrency, blockchain technology, fractionalized NFTs, and Artificial Intelligence. $ROE’s marketplace helps users raise funds to run day-to-day business activities via revenue financing models. >>BUY $ROE TOKENS NOW<< Typical funding rates for invoices on Borroe.Finance's ($ROE) marketplace is 80-90%. Users on Borroe.Finance ($ROE) enjoy instant funding and payouts. The platform also gives access to several fiat and over 100 crypto payment options. Borroe.Finance ($ROE) helps investors profit by providing needed funding for Web 3.0 companies. The benefits of holding the $ROE token include discounts on fundraising offers and marketplace fees. Users also get marketplace buy, sell, and repayment rewards. Furthermore, token holders are rewarded when they vote on proposals. Borroe.Finance ($ROE) ensures maximum security for its crowdfunding marketplace. Like many top DeFi projects, its recently completed audit has been published on its website. Likewise, smart contracts can also be verified on the platform's website. Lastly, it leverages Polygon’s blockchain technology to improve user safety. Borroe.Finance's ($ROE) popularity is surprising for a project still in Stage 1 of its presale. Following its 25% increase as it exited its Beta Stage, many investors have rushed to accumulate $ROE tokens. Borroe.Finance ($ROE) will reach $0.040 by the end of its presale, growing by 300% from its initial price. The 300% growth will make $ROE one of the best crypto to buy now. Learn more about Borroe.Finance ($ROE) here: Visit Borroe.Finance Presale | Join The Telegram Group | Follow Borroe on Twitter Contact Details Borroe.Finance noreply@borroe.finance

September 20, 2023 01:01 PM Eastern Daylight Time

Quantum Blockchain Technologies CEO upbeat on prospects for bitcoin mining "boosters"

Quantum Blockchain Technologies PLC

Quantum Blockchain Technologies PLC (AIM:QBT) chairman and CEO Francesco Gardin speaks to Thomas Warner from Proactive about ongoing discussions between the software and ASIC chip developer and a number of the largest North American cryptocurrency miners. The miners have been providing Quantum Blockchain with a number of the most commonly used mining rigs available in the market for the company to study and implement the porting of its Method A and Method B chip enhancements. Gardin explains the ideas behind the Method A and Method B enhancements, likening them to "boosters" for the crypto mining process. He says Method A seamlessly integrates with Intel-based mining rigs, thanks to their cooperation, while Method B has required intricate reverse engineering. Gardin says that his current focus is on business development, liaising with major miners in North America, and fine-tuning product engineering. He expects that the next major milestone for the company will be to implement Method B in partnership with a functioning mining rig. Quantum Blockchain Technologies remains dedicated to guarding their intellectual property, ensuring their innovation remains a closely-held secret akin to Coca Cola's recipe. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

September 20, 2023 09:22 AM Eastern Daylight Time

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Google Cloud Accelerating DealMaker's AI Innovation

DealMaker

Austin, Texas – Aug 2023 – DealMaker is excited to announce that Google Cloud has selected DealMaker to join its Google for Startups Program. Google Cloud has awarded $100K in credits to accelerate DealMaker’s AI innovation in the fintech space with their robust AI tools. By joining this program, DealMaker will have access to the resources needed to quickly and efficiently scale and expand operations. To date, DealMaker has processed over $1.87B in transactions and over 1,000,000 investments - more than any counterpart or competitor in North America. DealMaker’s technology powered eight of the ten largest online capital raises globally in the past 14 months. Inspired by the JOBS Act in 2015, DealMaker was born from the will to disrupt the traditional capital raising process - taking clients from a pen and paper system to a seamless digital process - supporting all raise types and jurisdictions. At the heart of DealMaker’s operations is a commitment to leveraging AI to optimize the end-to-end investor experience - making buying shares as easy as buying shoes. Google Cloud will support DealMaker’s innovation and AI enhancements to make online capital raising faster, easier and more accessible to those looking for alternative funding vehicles. “Google Cloud’s support helps us in our mission to build the most sophisticated capital markets tool on the planet,” says Rebecca Kacaba, CEO & Co-Founder of DealMaker. “There is no better way to achieve this than to weave AI capabilities throughout our platform for ease of use for both investors and issuers.” By integrating AI into the very complex and complicated capital raise process, DealMaker backed with Google Cloud’s sophisticated AI technologies can continue to push the needle forward for capital raising and equity crowdfunding. “We are extremely excited to join the Google For Startups Cloud Program for our development initiatives,” states DealMaker’s CTO Geronimo DeAbreu. “The program will play a pivotal role in our optimization initiatives with a focus on AI implementation throughout our capital raising flow.” "The Google For Startups Cloud Program doesn’t accept just any company" says DealMaker CRO and former Google Cloud Executive Chris Adamkowski. "Google Cloud makes calculated bets on the most impressive industry leading innovators who have the best opportunity to deliver outsized value in their space. Google Cloud is a very well matched partner for DealMaker." “We’re thrilled to welcome DealMaker into our global Google Cloud startup community,” said Ryan Kiskis, Director of Startup Ecosystem, Google Cloud. “We look forward to connecting the team with the technology, community, and resources they need to build faster and easier.” Joining the Google for Startups Cloud Program is an exciting milestone for DealMaker. At this new juncture, DealMaker’s focus is to refine the platform and innovate its service offerings to make online capital raising mainstream. DealMaker is on a mission to create the most sophisticated capital markets tools on the planet, empowering capital to flow faster. It offers a suite of primary issuance, shareholder management, and capital raising solutions that includes equity crowdfunding, investor ranking algorithms, and data/analytical tools to support all capital raise types and all securities. Its innovative technology was designed to enable organizations to own and control exempt market raises to get the money they need, faster. DealMaker works for their issuers: putting brands and founders back in control to run streamlined, successful capital raises. Its mission is to turn the process of raising capital into simple eCommerce. The company’s offices are located in Toronto, Canada, Austin, Texas and Tampa, Florida. Visit DealMaker.tech for more information. Contact Details Leigh Nolan +1 416-554-0949 leigh.nolan@dealmaker.tech Company Website https://www.dealmaker.tech/

September 20, 2023 09:00 AM Eastern Daylight Time

A Nuclear Renaissance Is Reviving Long Stagnant Uranium Markets – Sprott ETFs Is Giving Investors Multiple Forms Of Exposure To The Heavy Metal

Benzinga

By Rachael Green, Benzinga Uranium is one of the latest metals to see its price surge on clean energy demand. The key fuel in nuclear power plants had been declining for decades, but a recent renewed interest in nuclear power as a clean energy source to help economies transition to a fossil fuel-free future has revived investor interest. Uranium prices are up more than 19% since the start of the year as of this writing, trading above $58 per pound in August – the highest it’s been since April of last year, according to data from Trading Economics. Nuclear Power Is The Not-So-New Clean Energy Rising Star The recent surge in uranium prices has been driven largely by recent policy shifts that have made nuclear energy a higher priority as nations work to meet sustainability goals as quickly as possible. Earlier in August, for example, Sweden said it needs to triple its nuclear power capacity over the next decade in order to keep up with rising electricity demand in the country. In the United States, tax credits and investment initiatives in last year’s Inflation Reduction Act have clearly indicated the renewed focus on nuclear energy in the country. Joining Sweden are the UK, Canada, Japan and France which have each announced plans to ramp up uranium supply in efforts to reduce the world’s dependency on Russian uranium. The news has made some investors wonder why all the sudden interest in nuclear energy is cropping up now. But those in the industry are saying it’s actually always been here. “Nuclear is one of those silent contributors,” said Nuclear Energy Institute’s Director of Markets and Policy Benton Arnett in a recent episode of Sprott Radio. “A lot of folks don’t realize it’s producing 20% of our national electricity consumption here in the U.S. and has been doing that very quietly for decades.” It’s a similar story in other countries renewing their focus on nuclear. The reason it’s captured so much attention now is precisely because it’s already fairly well established in the countries that are reinvesting in it. “It is the largest carbon-free generator of power in the [United States.],” Arnett said. As the impacts of climate change have spurred a sense of urgency in the clean energy transition, nations are looking for a faster path away from fossil fuels. While renewables like wind and solar are still key in the long term, nuclear is the energy source that’s already providing a large quantity of clean power for many around the globe. Scaling that up would be a faster solution than building new renewable capacity from scratch. Scaling Up Nuclear Could Push Uranium Into A Supply-Demand Crunch As nations around the globe build new nuclear power plants, uranium – the key fuel supply needed for nuclear energy – is seeing record spikes in demand. In fact, the world’s existing uranium mines were already falling short of demand even before that demand spiked. According to the World Nuclear Association, production in recent years has only met 90% of current nuclear power plant needs. “The number that we’re focused on is trying to hit 150 million pounds or more,” said Sprott Asset Management CEO John Ciampaglia in a Bloor Street Capital interview. “That’s what we think is the annual replacement rate for the world’s existing nuclear power plants.” Getting to that target replacement rate will mean new investments from miners in the exploration and development of new uranium mines, a process that typically takes years. In the meantime, uranium prices could keep shooting higher as growing demand quickly outpaces the capacity of existing uranium mines. Sprott Offers Four Ways To Trade Bullish Uranium Assumptions Sprott has been a leader in precious metals – investing for decades – so expanding into energy transition themes was a natural fit as uranium, lithium, nickel and other metals have become key to so many clean energy projects. The company currently offers four funds for investors who are bullish on uranium and want to gain exposure to the growing market: Sprott Uranium Miners ETF (NYSEARCA: URNM), Sprott Junior Uranium Miners ETF (NASDAQ: URNJ), Sprott Energy Transition Materials ETF (NASDAQ: SETM), and the Sprott Physical Uranium Trust. The first two are focused on uranium miners. While these stocks have felt the pressure of rising interest rates and the high costs of investing in new exploration and development activity, they’ve still managed to pull off healthy gains of over 9% year-to-date, as of this writing. Juniors, meanwhile, climbed nearly 12% in the three-month period ending in July – though they’re still down slightly since the start of the year. Likewise, shares of URNM have rallied 26% since June as of this writing while Sprott’s juniors ETF soared 35% in the same period. The Physical Uranium Trust is the world’s largest physical uranium fund — it “invests and holds substantially all of its assets in uranium in the form of U3O8”, with the goal of providing “a secure, convenient and exchange-traded investment alternative for investors interested in holding uranium.” SETM provides pure-play access to a range of critical minerals necessary for the global clean energy transition including uranium. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 20, 2023 09:00 AM Eastern Daylight Time

After $8.8 Million IPO, Hanryu Rolls Out Multiple Revenue-Generating Upgrades To FANTOO, The Fandom App Connecting The Growing Global Audience Of K-Culture Fans

Benzinga

By Rachael Green, Benzinga Hanryu Holdings, Inc. (NASDAQ: HRYU) has had an eventful few weeks after its IPO closed last month, generating about $8.8 million in gross proceeds. In total, the company has raised approximately $53million over multiple fundraising rounds to date as its popular fandom social media app FANTOO grows to a user base of over 26 million and the company unveils a series of upgrades and new features slated to roll out in the coming months. Here’s a look at some of the milestones from the past month and how Hanryu is leveraging those to add new revenue potential to its popular fandom app. What Is FANTOO? Hanryu first launched FANTOO in 2021 as an all-in-one social media platform for K-culture fans worldwide. As K-pop, K-dramas and other forms of entertainment from South Korea continue to gain a growing international audience, there still hasn’t been a single dedicated destination so far where fans could go for any and all fandoms they are part of. Moreover, language barriers were a major hurdle preventing people with a shared fandom from connecting over the music, show or film that they love. FANTOO – with its real-time translation technology across 17 languages and features that allow users to create or join clubs built around any fandom – finally created a way to unify this global audience in one platform. For fans, it’s a way to find community and friendship even if they live somewhere with few other K-culture fans nearby. For Hanryu, it’s an exciting revenue opportunity with the massive advertising potential of a site with millions of dedicated fans. But advertising is just one of the revenue channels Hanryu is building through the platform. It also generates revenue from ticket sales to live shows and transaction fees on the buying and selling that happen in the eBay -like (NASDAQ: EBAY) shop section of FANTOO. The Future Of FANTOO Just days after the closing of its IPO, Hanryu announced the launch of version 2.0 of FANTOO. The upgraded app adds powerful data analytics to help deliver personalized content based on interest settings and the communities in which a user is engaged. It also makes a few updates to the interface to make it more user-friendly and intuitive. “Version 2.0 is also a more robust platform for revenue generation through multiple streams,” said Hanryu CEO Kang Chang Hyeok. “We look forward to releasing additional features and system improvements in the future." One of those future improvements is an AI-powered conversational virtual assistant. Later in August, Hanryu announced that it had partnered with Saltlux Inc. (KOSDAQ: 304100), the company behind Talkbot, an intelligent chatbot. Together, the companies will develop a virtual assistant for FANTOO built on technology similar to Talkbot that can guide users through the platform, make recommendations based on users’ interests and deliver personalized news and updates about their fandom. Slated to launch before the end of this year, the FANTOO virtual assistant is just the beginning. Later, Hanryu plans to use AI voice synthesis and deep learning tech to let users customize the voice of their virtual assistant to sound like their favorite artist or actor – or even themselves. Earlier this month, Hanryu teased even more new chat features coming to the app soon, including emoji purchasing, friend recommendations and club chat rooms where members can join in on club-wide conversations with like-minded fans from around the world – all with the convenience of real-time multilingual translation. A similar open chat room will give users a way to connect with users from other fandoms as well. Alongside the new chat room features, FANTOO will also soon have enhanced private chats where users can talk over an encrypted channel as well as video call functionality so fans who connect through the app can have “face-to-face” conversations with each other. “FANTOO is not just a space for fandom, but it is a place for fans with the same interests to meet and form relationships through chatting,” Hyeok said. “We expect these additional new features, including both the current and planned future upgrades, will increase revenue generation through FANTOO." This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 20, 2023 09:00 AM Eastern Daylight Time

The Most Important Things Everyone Should Know Before Investing In Gold IRAs

Benzinga

By Faith Ashmore, Benzinga When it comes to planning for a secure retirement, it is essential to explore all available avenues. Traditional investment options like stocks and bonds have their merits, but there is another store of value that often goes overlooked – gold Individual Retirement Accounts (IRAs). A gold IRA is a type of self-directed retirement account where the holder invests in physical gold instead of conventional assets such as stocks, bonds or mutual funds. Here are five things you need to know about gold IRAs. Harnessing Tax Advantages For Optimal Gains One of the most significant advantages of gold IRAs lies in the attractive tax benefits they offer. Depending on the type of gold IRA you open, you can enjoy favorable tax treatment either during the contribution phase or when you eventually withdraw your funds. For traditional IRAs and Simple Employee Pension (SEP) IRAs, contributions are not taxed, providing an immediate advantage for investors. In contrast, Roth IRAs tax contributions but offer the promise of tax-free withdrawals. Additionally, traditional and SEP IRA contributions are tax-deductible, further enhancing their appeal to investors seeking to maximize their gains. Shielding Your Assets From The Ravages of Inflation In times of economic uncertainty, where the value of the dollar can fluctuate unpredictably, gold presents a historically reliable hedge against inflation. History has shown that gold prices tend to rise when the dollar's value declines, making it an attractive long-term investment. Gold values have proven resilient against interest rate fluctuations, offering stability and solid returns. By incorporating gold into your retirement portfolio through a gold IRA, you can shield your portfolio from the erosive effects of inflation, ensuring that your wealth retains its value over time. A Safe Harbor Amidst Market Turmoil? In today's fast-paced and interconnected world, financial markets are prone to sudden swings and unexpected turbulence. Stock and bond investments can be particularly vulnerable, experiencing significant volatility during economic downturns. However, gold prices have historically displayed a tendency to hold steady during periods of economic turmoil, making gold IRAs an oasis of stability in an uncertain landscape. Strategic Diversification For Sustainable Returns Many experts say the key to successful investing lies in building a well-diversified portfolio, leveraging the strengths and advantages of different asset classes. While high-risk, high-reward investments have their place, a prudent and balanced approach is essential. Gold, as a more conservative asset, plays a crucial role in creating a diversified investment portfolio. While gold very often won’t witness rapid appreciation, the metal is effective at mitigating risk and enhancing stability – preventing extreme losses during turbulent market conditions. By incorporating gold IRAs into your investment strategy, you can strike the optimal balance between growth and security, multiplying the potential for sustainable returns. Choosing The Right Gold IRA Firm – An Option To Consider One leading IRA worth considering is offered by Preserve Gold, a U.S.-based precious metals firm with 0 BBB complaints and excellent reviews. The company specializes in helping individuals and families diversify and protect their wealth through tangible precious metals. The firm provides a selection of gold, silver, platinum, and palladium coins and bars. Preserve Gold distinguishes itself through its focus on three core principles: integrity, transparency and consistency. These principles serve as the company’s foundation for long-lasting customer relationships and reinforce the company's commitment to providing trustworthy and reliable services. To ensure a smooth and secure purchasing process, Preserve Gold offers an informed and easy way to acquire precious metals. The company's knowledgeable team assists clients in making educated purchasing decisions while prioritizing security and ease of transaction. A gold IRA can be an excellent addition to a retirement portfolio. It offers numerous benefits that can help you protect and grow your savings over time. When deciding to invest in a gold IRA, having a trusted partner like Preserve Gold is key to achieving your financial goals. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 20, 2023 09:00 AM Eastern Daylight Time

Has ARKK Been Oversold? Traders Are Doubling Down On A Potential Innovation Recovery With This Leveraged ETF

Benzinga

By Rachael Green, Benzinga ARK Innovation ETF (NYSEARCA: ARKK) was an investor darling in the first year of the pandemic with its robust portfolio of COVID-era winners like Zoom (NASDAQ: ZM). But the disruptive tech ETF took a beating in 2022, falling more than 67% throughout the year. However, this year, ARKK seems to have begun a slow and arduous recovery, gaining over 40% year-to-date despite a widespread selloff this summer. Still, it’s far from its 2020 peak of over $150 per share, and some bullish investors believe the partial recovery this year is a sign that the ETF is ready to regain its former glory. Here’s what’s behind that bullish outlook. A Potential Upcoming Pause In Rate Hikes As Economic Data Gives Cause For Optimism Investors remain optimistic that the Federal Reserve will pause interest rate hikes at its upcoming meeting on September 20. In August, key economic indicators were largely mixed but still suggested that inflation was cooling overall. While consumer prices rose from 3% in June to 3.2% in July, core inflation – consumer prices with food and energy prices stripped out– declined slightly from 4.8% in June to 4.7%. And it’s that core inflation that the Federal Reserve wants to see come down to its 2% target. If interest rate hikes are paused, the macroeconomic tailwind this month could add more lift to ARKK which has already begun recovering some of its August losses. Despite Investor Exodus, ARKK Still Has A Potentially Promising Growth Portfolio ARKK may have missed the explosive AI-generated growth of Nvidia (NASDAQ: NVDA), but the top 10 holdings are dotted with underdog growth stocks. For example, the app and game developer platform Unity Software (NYSE: U) just landed a deal this summer to use Unity’s gaming software in Apple’s (NASDAQ: AAPL) upcoming virtual reality headset, Apple Vision Pro. Zoom, the video communications platform that’s been relatively neglected by investors after its pandemic-era boom, has been building up a stockpile of cash that now sits at about $6 billion. It’s planning to use that to grow its enterprise vertical, one of its most successful segments. It’s also spending some of that on new AI-enhanced features, like the new AI Companion, a built-in AI-powered assistant that can catch you up on meetings if you’re late, auto-generate meeting summaries, and even give you feedback on your conversational and presenting skills. You Can Potentially Magnify Your Bullish ARKK Views With the AXS 2X Innovation ETF For investors who see the summer tumble as a hiccup in ARKK’s overall upward trajectory, AXS Investments has designed a unique leveraged ETF just for you. The AXS 2X Innovation ETF (TARK) seeks 200% of the daily performance of the ARK Innovation ETF. That 2x leverage gives investors a chance to turn the ETF’s slow and rocky recovery into more substantial gains. That added leverage does increase the risk of using TARK, so it’s important to use it for short-term trades, such as the potential upswing following the Fed’s upcoming meeting. But when used carefully, TARK is a useful tool for traders who are staunchly bullish on disruptive tech and see the periodic panicked selloffs as an opportunity to find yield. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 20, 2023 09:00 AM Eastern Daylight Time

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