Net Savings Link (OTCMKTS:NSAV) is up 890% in a month. The company is readying a publicly-traded cryptocurrency exchange in the United States, a second exchange following Coinbase’s (NASDAQ: COIN) launch. The company, which prides itself as a cryptocurrency venture capitalism company, holds numerous assets.
This is part of its initiative to be a diversified cryptocurrency holdings company in the sector. In addition, the company has declared its intention to launch crypto solutions, and the release of the trading platform will help it realize that dream. Most importantly, the company points out that through its p[partners such as Huobi, it will easily capitalize on the Chinese cryptocurrency market and gain considerable market share.
Recently the company laid down its blockchain strategy in conjunction with SBC Investor Relations Inc. Net Savings had announced in May this year its foray into the Chinese blockchain market, and now the company is expanding its operations in North America. With the expansion to the largest blockchain market and a publicly traded crypto exchange launch, NSAV is worth watching in the coming weeks.
Market Reaction:
On Friday, NSAV stock decreased 10% at $0.0969 with more than 104.29 million shares, compared to its average volume of 69.43 million shares. The stock has moved within a range of $0.0955 – 0.1160 after opening the trade at $0.1067.
