There are many stocks which are going to be on the radars of investors this morning at the beginning of another trading week and one of those is expected to be the Nukkleus Inc (OTCMKTS:NUKK) stock. The stock experienced heavy action last Friday and delivered gains of as much as 41% to its investors.
That being said, the rally was not driven by any specific news about Nukkleus. In fact, one would need to go back to September 14 for any news about the company. However, it was a significant development since the company announced that it had got into a partnership with the public ledge blockchain Monogram Network for supporting the work related to issuing MG Token.
That was a crucial announcement considering the fact that the partnership is exclusive in nature and has been formed through Digital RFQ Limited, a cryptocurrency firm. The purpose of this partnership is to provide institutional investors with the sort of security that they need in order to enter the cryptocurrency space.
The entry of institutional investors in a big way is regarded as a potential game changer for the crypto industry and hence, the news of the partnership may have led to optimism among investors with regards to Nukkleus.
