In recent times, the Hop-On Inc (OTCMKTS:HPNN) stock has come into major focus among investors and that can be gauged from the price action in its stock. Yesterday, the stock was on the move once again and ended up generating gains of as much as 14%, thereby taking the gains for the past week to 32%.
Market Action
On Thursday, HPNN stock soared 13.80% to $0.0033 with 38.13 million share, compared to its average volume of 22.06 million shares. The stock moved within a range of $0.0028 – 0.0033 after opening trade at $0.0029.
Megatrax Inks Multi-Year Licensing Agreement with Digitalage Inc. for Expanded Music Rights
As it happens, the company was actually in the news yesterday after it emerged that Megatrax.com had inked an expanded licensing agreement with its subsidiary company Digitalage Inc. It was a major new announcement and led to considerable excitement among investors as a consequence.
Megatrax.com is one of the more eagerly anticipated social media platforms, which is currently at a BETA stage. It has been claimed that the platform could eventually bring about a paradigm shift in the fast growing ‘creator economy’ that is made up of influencers, publishers and assorted contributors.
The platform is seeking to help these creators with a platform that provides a plethora of digital rights management tools which will provide considerable power to the users. It now remains to be seen if the Hop-On stock can continue to add to its gains over the course of the coming days or not.
Key Quote
“Partnering with Megtrax immediately accelerates Digitalage as a leader in providing content for the creative economy. Drawing attention to user-generated content is the key to earning more money, and it cannot be done effectively without having access to a huge selection of music content, both in length and variety. With Megatrax now, we have access to the largest content database! And with our content creation tools, users can quickly and easily create stunning videos/clips and begin on the path to generating revenue immediately,” said Peter Michaels, CEO.
Traders Note
HPNN stock is trading above the 20-Day and 50-Day Moving averages of $0.0028 and $0.0028 respectively. Moreover, the stock is trading is the neutral zone with RSI stands at 61.
 Stock Extends Rally On Multi-Year Licensing Agreement){kind=link}