After an amazing month in which the company went from 29 cents per share to a new high today of $1.28, all eyes are on Neptune Digital Assets Corp. (OTCMKTS:NPPTF). Why did NPPTF gain almost $1 per share in valuation in a month, and is this run likely to continue?
Why did NPPTF Gain 350% in Value Over the Past Month?
Neptune Digital Assets Corp (OTCMKTS:NPPTF) is in the red hot crypto space, as a pure bitcoin play. While it can’t be said for sure, a recent string of positive press is most likely the catalyst. The company recently announced:
- Record Income for Q2 2021 ($6 million)
- An LOI with another Canadian Company to Build a Bitcoin Mining Facility
- Announced the First Tranche of 300 Bitcoin Mining Machines for the Facility, which the company says will earn approx. $4k in profit per day.
- Announced a Private Placement ($550,000 at $.80 per unit) (details in above link)
- Signed a Shareholder agreement solidifying the previously mentioned LOI
Will NPPTF’s Bull Run Continue?
This question is a bit trickier. The company is already up almost 350% and has not consolidated at its current price. One thing is for sure, NPPTF should be on your watchlist.
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