Yesterday there was no news about KYN Capital Group Inc (OTCMKTS:KYNC) but that did not deter investors from jumping into the company’s stock in a big way and send it soaring by as much as 34%. In this context, it could be a good idea for investors to perhaps consider taking a look at an announcement made by the company back on July 13.
At the time, the company announced that it hired a new consultant for the Music and Entertainment industry in the form of ArtistRelations.com. It is a major development for the company since ArtistRelations.com will be working on the publicity of KYN’s KoinFold app that is going to be launched soon.
It should be noted that ArtistRelations.com has been working in the celebrity endorsement industry for quite a while and has specifically worked with music professionals for more than 20 years. As a matter of fact, back on July 13 ArtistRelations.com hosted the ArtistRelations Endorse Expo at Nashville, Tennessee.
At the event, musicians, managers, engineers and products were in attendance. The company provided them with a lowdown on coin creating and NFTs or non-fungible tokens. KYN also noted that it is going to continue to publicise its app through the music and entertainment industries.
Market Reaction:
On Wednesday, KYNC stock soared 34.33% at $0.0090 with more than 87.67 million shares, compared to its average volume of 116.21 million shares. The stock had moved within a range of $0.0064 – 0.0090after opening the trade at $0.0064. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0210.
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