At this point, many investors are interested in stocks which are involved in the cryptocurrency sector for the simple reason that cryptocurrencies have grown immensely in popularity.
One of the stocks that investors could consider checking at this point is that of the cryptocurrency, blockchain and digital asset technology company Net Savings Link Inc (OTCMKTS:NSAV). The stock has been in the middle of a remarkable rally over the course of the past week and has managed to clock gains of as much as 76%. The latest rally in the stock has come about after the company recently announced that was on track to launch its own cryptocurrency exchange on August 9, 2021.
When the cryptocurrency exchange is launched, Net Savings Link is going to be only the second cryptocurrency operator to be a listed entity in the United States. The entirety of the crypto exchange is going to be owned by the company and it is also going to be branded with the Net Savings name.
The excitement among investors is understandable considering the sheer popularity of cryptocurrencies. At this point, the crypto market is worth a staggering $2 trillion and Net Savings is now all set to enter a very important segment of this market.
Market Reaction:
On Thursday, NSAV stock ended flat at $0.0440 with more than 91.50 million shares, compared to its average volume of 48.35 million shares. The stock had moved within a range of $0.0351 – 0.0446 after opening the trade at $0.0436. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0697.