GD Entertainment and Technology (OTCMKTS:GDET) Stock Suddenly Gains Momentum: But Why?

Considering the sort of gains that have been recorded by its stock in the previous days, investors could consider tracking GD Entertainment and Technology (OTCMKTS:GDET). Last Friday the stock continued to be in focus and ended the day with gains of 19%.

In the process, the stock managed to deliver gains of as much as 27% for the week. While the gains are eye catching, it is also necessary to note that there has been no news at all about the company in recent days. In fact, the last time any news emerged about the company was back on August 5 this year.

The company is mainly involved with industries in the cryptocurrency space which can generate strong growth. Back on August 5 GD Entertainment announced the launch of the planet’s first crypto and fiat dual credit and debit card named the Dreamcard.

It goes without saying that it is a highly innovative product and could have considerable potential due to the rising popularity of cryptocurrencies all over the world. In order to market the product, GD Entertainment has targeted retail single users, celebrities and influencers, charities and membership groups. It remains to be seen if the stock can continue to climb today.