Cryptocurrency, digital asset and blockchain technology firm Net Savings Link Inc 9OTCMKTS:NSAV) did not start the week on a strong note as far as market performance was concerned.
The Net Savings stock suffered from a selloff on Monday and ended the day with a decline of as much as 4%. However, the company was in the news yesterday after it made a major announcement. Net Savings announced that LuxFi, its NFT (non-fungible token) partner was offering a token bonus of 10% on the LXF token to Net Savings shareholders as well as the company’s road show supporters.
In this regard, it should be noted that LuxFi is an NFT marketplace that only offers tokens that are backed up by real world luxury assets. At this point in time, the LuxFi $LXF NFT token has attracting considerable demand and remains oversubscribed. Hence, it goes without saying that this offer for Net Savings shareholders is a significantly important one.
However, at the same time, it seems that the news did not actually prove to be particularly enticing to market participants and that may have resulted in the fall in the share price. Investors could do well to keep an eye on the stock this morning.
