Investors are nowadays getting more and more interested in companies which are involved in the fast growing cryptocurrency sector and one of the stocks that could be worth tracking at this point is that of New Savings Link Inc (OTCMKTS:NSAV).
The company is involved in the digital asset technology, cryptocurrency and blockchain spaces and yesterday the stock soared by 19% as investor continued to pile on to it. Yesterday’s rally in the Net Savings stock took its gains for the past week to as much as 103%. The rally has possibly been triggered by an update from the company with regards to the launch of its own cryptocurrency exchange.
The company announced yesterday that the development of the cryptocurrency exchange is on track to be launched on August 9, 2021. The launch of the crypto exchange is expected to be a massive development for Net Savings considering the fact that once launched it is going to be the second publicly listed crypto exchange operator in the United States.
The entirety of the exchange is going to be owned by Net Savings and will be branded with the company’s name as well. In light of the recent rally, investors could consider keeping an eye on the stock.
Market Reaction:
On Monday, NSAV stock surged 46.33% at $0.0439 with more than 200.83 million shares, compared to its average volume of 44.50 million shares. The stock had moved within a range of $0.0310 – 0.0475after opening the trade at $0.0310. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0697.
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