Rumble (RUM) Valuation Check As New Crypto Wallet Expands Creator Payment Options
Rumble (RUM) is back in focus after launching Rumble Wallet with Tether and MoonPay, a non-custodial crypto wallet inside its video platform that lets audiences tip creators directly in USDT, Tether Gold, and Bitcoin.
See our latest analysis for Rumble.
The Rumble Wallet launch comes on top of a busy spell that includes a proposed business combination with Northern Data to expand its cloud and GPU footprint and a new President of Sales for Rumble Advertising. Even with these updates, the share price is US$6.63, with a year to date share price return of 4.08% and a 1 year total shareholder return decline of 43.09%. This points to some short term momentum but a weaker longer term experience for shareholders.
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