GLOBAL BLOCKCHAIN (OTCMKTS:BLKCF)
GLOBAL BLOCKCHAIN (OTCMKTS:BLKCF) shares gained 30.43% as the world’s largest cryptocurrency, Bitcoin, hit an all-time high of $7,441. Investor confidence in the stock has strengthened, largely thanks to the company’s multi-pronged business model around blockchain technologies.
BLKCF Stock Performance
Over the past month, Global Blockchain technologies has gained more than 100% in market value. The stock is currently trading in an uptrend and close to its 52-week high of $2.58 a share. The impressive run has mostly been supported by bitcoin’s 500% gain over the past one year.
GLOBAL BLOCKCHAIN (OTCMKTS:BLKCF) plans to leverage the team’s experience and expertise to create its own cryptocurrencies and tokens. For example, Steven Nerayoff, who served as a senior advisor to Ethereum in its earliest days, is part of the company’s team.
The leadership’s experience is not only valuable for developing new cryptocurrency and coming up with breakthroughs around blockchain technologies but also in avoiding traps in the industry. The sector’s rapid expansion over a short period is expected to give rise to a number of challenges that, if not taken into consideration, could lead to loss of value generated in recent months
Global Blockchain is yet to make its first investment around blockchain or develop its coin. The President Shidan Gouran says they intend to go after businesses that have strong established social network links.
Separately, GLOBAL BLOCKCHAIN (OTCMKTS:BLKCF) has commenced an Australian Stock Exchange Listing application. The company is eyeing ASX Foreign Exempt Listing with its Australian application given that it is already listed in the U.S. If approved, the company will be exempt from complying with most ASX listing rules.
Listing on the Australian stock exchange will allow the company to enjoy a number of benefits not limited with access to the world’s largest investment pools underpinned by Australia’s mandatory superannuation system. GLOBAL BLOCKCHAIN (OTCMKTS:BLKCF) also stands to trade in a deep liquid market worth well over a trillion dollars.
“The addition of a listing in Australia to our listing in Frankfurt brings access to trading much closer to 24 hours a day on conventional exchanges, which should be the standard in the digital age,” said Mr. Gouran.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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