Liquid Avatar Technologies Inc (OTCMKTS:LQAVF) Stock Extends Rally: Soars 50% in a Week

If you are looking into blockchain related stocks today then it could be a good move to start tracking the Liquid Avatar Technologies Inc (OTCMKTS:LQAVF) stock. The company, which is involved in financial technology solutions, blockchain and digital identity spaces, saw its stock jump by 10% on Thursday. That took its gains for the past week to as much as 50%.

Market Action

On Thursday, LQAVF stock surged 11% at $0.1575 with more than 701k shares, compared to its average volume of 123K shares. The stock has moved within a range of $0.1426 – 0.1613 after opening the trade at $0.1575.

What You Need To Know

In light of the gains made by the stock over this period, it might be a good idea for investors to look into the announcement made by the company on October 28, 2021.

The company announced at the time that it inked an agreement with Optimize Fintech Technology based out of California with regards to the establishment of a neobanking and fintech solution meant for Liquid Avatar app.

The features are initially going to be launched for consumers who are located in the United States and the company expects to roll it out through the first two quarters of next year. It was a significant announcement from the company and the optimism of investors in relation to it is understandable. At this point, it might be a good idea for investors to add the stock to their watch lists and keep an eye on future developments.

Key Quote

“We are very excited to enter into an agreement with Liquid Avatar Technologies to develop and launch industry-leading payment card and digital bank (neobank) solutions,” said Jim Collas, CEO of OptimizeFT. “The Liquid Avatar mobile app is in a unique position to offer security conscious consumers financial solutions aligned with its Verifiable Credentials Ecosystem, which elevates account security to the next level. In our experience, a perception of enhanced account security can drive account use by consumers, which in-turn generates increased account revenues. We anticipate working with Liquid Avatar Technologies to develop and launch an array of uniquely branded financial solutions that will strongly resonate with their user base.”

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