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What are the potential impacts of cryptocurrency trends on the forecast of Sorrento Therapeutics stock?

avatarHede WebsterDec 18, 2021 · 3 years ago1 answers

How can the current trends in cryptocurrency potentially affect the forecast of Sorrento Therapeutics stock?

What are the potential impacts of cryptocurrency trends on the forecast of Sorrento Therapeutics stock?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    The potential impacts of cryptocurrency trends on the forecast of Sorrento Therapeutics stock are uncertain. While cryptocurrencies have gained popularity in recent years, their influence on traditional financial markets is still being studied. It's possible that increased adoption of cryptocurrencies could lead to more investment in Sorrento Therapeutics and drive up its stock price. However, it's also possible that the volatility and unpredictability of cryptocurrencies could create a risk factor for Sorrento Therapeutics stock. Investors should consider these potential impacts and conduct thorough research before making investment decisions.