After a stock record considerable gains, it is almost certain that some investors are going to take some of their profits and that can lead to a sharp fall in the stock. That is what happened to the KYN Capital Group Inc (OTCMKTS:KYNC) stock yesterday as it slumped by as much as 45% after investors decided to take some of their profits.
In this situation, it should be noted that the sharp fall could well be an opportunity for investors. As it happens, the company finally announced the release of its all in one payment product Koinfold Pay yesterday and that is a key development for a number of reasons.
The product from KYN Capital Group is a product that is aimed at merchants so that they can accept payments in the form of digital currencies. Considering the sheer popularity of cryptocurrencies at this point, it is a product that could eventually have a lot of takers.
More importantly, it is going to allow businesses in accepting payments from anywhere in the world. Some of the cryptocurrencies supported by Koingfold Pay includes Litecoin, Bitcoin, Bitcoin Cash and Ethereum among others. It might be the right time for investors to start tracking the stock.