In recent times, investors have become increasingly interested in companies which are involved in the cryptocurrency industry and for good reason, considering the growth that has been experienced in that space.
One of the companies to have garnered considerable attention is the cryptocurrency, digital asset and blockchain technology firm Net Savings Link Inc (OTCMKTS:NSAV). Yesterday, the stock was in action once again as investors piled on to it in a big way once again and sent it soaring by as much as 12%. The gains may be eye catching but there was no fresh news about the company yesterday.
It seems that the rally in the stock may have been related to an announcement made by Net Savings last week. On September 28, the company announced that LuxFi, its NFT (non-fungible token) partner was going to offer a 10% Token Bonus to shareholders of Net Savings.
LuxFi is an NFT marketplace which is backed by tangible luxury assets. It was a significant announcement from the company and may have led to a degree of excitement among investors. It is now going to be interesting to see if the Net Savings stock can manage to hold on to its momentum through the rest of the week.
