Shares of KYN Capital Group (OTCMKTS:KYNC) continued to trend lower last week with a fall of 14% and now down 30% in a month.
Trading Data
On Friday, KYNC stock moved up 1.53% at $0.0068 with more than 67.14 million shares, compared to its average volume of 68.04 million shares. The stock has moved within a range of $0.0058 – 0.0068 after opening trading at $0.0067.
Recent Development
Nevada Corporation KYN Capital Group (OTCMKTS:KYNC) on November 18, 2021 announced partnership with Terence Crawford and PXLBRD, world champion, 37-0 Professional Boxer, and several successful ventures.
The exclusive collection was launched on November 19, 2021 and the NFT’s commemorated WBO Welterweight Champion title defense against Shawn Porter in Las Vegas the next day.
Las Vegas was keen on the world championship bout. Crawford is first PXLBRD athlete to develop and sell NFT. Also, he is the first athlete to engage the group for assisting in publicity and the marketing of the entire NFT collection.
The sports giant’s NFT collection includes five unique one-of-one NFTs and every collection will have exclusive experience. Every NFT holder would be an executive member of the Crawford’s exclusive club entitling to early boxing event ticket access as well as future Esports Boxing Club perks besides merchandise opportunities.
KYN Capital Group CEO Rick Wilson said that the firm is keen on NFT’s and is exploring how it fits into the Koinfold strategy. Wilson hopes to work with PXLBRD in the exciting market.
Part of proceeds from the collection will be financing innovative new project in Omaha, Nebraska. The project will help youth get equitable access to technology as well as focus on career development opportunities both in technology and esports.
Technical Data
KYNC stock is trading below the 20-Day and 50-Day Moving averages of $0.0083 and $0.0123 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0107. The stock is down 40% in the past month.
