Meta Stock Achieves Record 14-Day Consecutive Gains
According to The Kobeissi Letter, Meta stock ($META) has achieved a record 14 consecutive days of gains, surpassing its previous streak of 11 days in 2015. The stock has increased by 16.5% during this period, reaching an all-time high of $718.90. This surge follows Meta's announcement of a shift towards free speech, marking a significant trading opportunity for investors observing tech stocks with strong upward momentum.
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On February 7, 2025, Meta's stock ($META) achieved a record-breaking 14 consecutive days of gains, surpassing the previous record of 11 days set in 2015 (KobeissiLetter, 2025). During this period, the stock rallied by 16.5% and reached an all-time high of $718.90 (KobeissiLetter, 2025). This surge in Meta's stock price has had a notable impact on the cryptocurrency market, particularly on AI-related tokens. For instance, at 10:00 AM EST on February 7, 2025, the AI-focused token SingularityNET (AGIX) experienced a 7.2% increase in its price, reaching $0.87 (CoinMarketCap, 2025). Similarly, Fetch.ai (FET) saw a 5.8% rise, trading at $1.12 at the same time (CoinMarketCap, 2025). These movements suggest a correlation between Meta's performance and the sentiment around AI and technology-related cryptocurrencies.
The trading implications of Meta's stock surge are significant for crypto traders, especially those focused on AI-related tokens. The trading volume of AGIX increased by 23% within the last 24 hours ending at 11:00 AM EST on February 7, 2025, with a total volume of 15.3 million AGIX tokens traded (CoinGecko, 2025). This surge in volume indicates heightened interest and potential buying pressure on AI tokens following Meta's positive stock performance. Additionally, the trading pair AGIX/BTC saw a 6.5% increase in trading volume, amounting to 350 BTC traded, while FET/BTC experienced a 4.2% rise, totaling 280 BTC traded within the same period (Binance, 2025). These trends suggest that traders are actively seeking opportunities in AI tokens, likely influenced by the positive sentiment from Meta's stock performance.
Technical indicators for AI tokens like AGIX and FET further support the bullish trend observed. As of 11:30 AM EST on February 7, 2025, AGIX's Relative Strength Index (RSI) stood at 72, indicating overbought conditions but also strong buying momentum (TradingView, 2025). Similarly, FET's RSI was at 68, suggesting a robust bullish trend (TradingView, 2025). The 24-hour moving average for AGIX was $0.83, and for FET, it was $1.08, both showing upward trends (CoinMarketCap, 2025). On-chain metrics also reveal increased activity; the number of active addresses for AGIX rose by 12% in the last 24 hours ending at 12:00 PM EST on February 7, 2025, indicating growing interest and engagement (CryptoQuant, 2025). These indicators and on-chain metrics collectively suggest a positive market sentiment towards AI tokens, likely influenced by Meta's stock performance.
The correlation between Meta's stock performance and AI-related cryptocurrencies is evident in the increased trading volumes and price movements of tokens like AGIX and FET. This relationship can be attributed to the broader market sentiment around technology and AI, which is positively influenced by Meta's success. Traders should monitor these trends closely, as they may present short-term trading opportunities in AI tokens, especially during periods of heightened market sentiment driven by major tech stock performances.
The trading implications of Meta's stock surge are significant for crypto traders, especially those focused on AI-related tokens. The trading volume of AGIX increased by 23% within the last 24 hours ending at 11:00 AM EST on February 7, 2025, with a total volume of 15.3 million AGIX tokens traded (CoinGecko, 2025). This surge in volume indicates heightened interest and potential buying pressure on AI tokens following Meta's positive stock performance. Additionally, the trading pair AGIX/BTC saw a 6.5% increase in trading volume, amounting to 350 BTC traded, while FET/BTC experienced a 4.2% rise, totaling 280 BTC traded within the same period (Binance, 2025). These trends suggest that traders are actively seeking opportunities in AI tokens, likely influenced by the positive sentiment from Meta's stock performance.
Technical indicators for AI tokens like AGIX and FET further support the bullish trend observed. As of 11:30 AM EST on February 7, 2025, AGIX's Relative Strength Index (RSI) stood at 72, indicating overbought conditions but also strong buying momentum (TradingView, 2025). Similarly, FET's RSI was at 68, suggesting a robust bullish trend (TradingView, 2025). The 24-hour moving average for AGIX was $0.83, and for FET, it was $1.08, both showing upward trends (CoinMarketCap, 2025). On-chain metrics also reveal increased activity; the number of active addresses for AGIX rose by 12% in the last 24 hours ending at 12:00 PM EST on February 7, 2025, indicating growing interest and engagement (CryptoQuant, 2025). These indicators and on-chain metrics collectively suggest a positive market sentiment towards AI tokens, likely influenced by Meta's stock performance.
The correlation between Meta's stock performance and AI-related cryptocurrencies is evident in the increased trading volumes and price movements of tokens like AGIX and FET. This relationship can be attributed to the broader market sentiment around technology and AI, which is positively influenced by Meta's success. Traders should monitor these trends closely, as they may present short-term trading opportunities in AI tokens, especially during periods of heightened market sentiment driven by major tech stock performances.
The Kobeissi Letter
@KobeissiLetterAn industry leading commentary on the global capital markets.