Tautachrome (OTCMKTS:TTCM) Stock In Bearish Trend: Falls 9%

Tautachrome (OTCMKTS:TTCM) fell 9% on Monday after the company projected the role of its ARKnet Platform in the anticipated Metaverse.

Trading Data

On Monday, TTCM stock plunged 9% at $0.0030 with more 14.24 million shares, compared to its average volume of 8.40 million shares. The stock has moved within a range of $0.0028 – 0.0036 after opening trade at $0.0033.

Predicts ARknet’s Role in the Metaverse

The inevitable, approaching Metaverse will be a virtual internet version comprising greatly scaled and interoperable immersive world networks where unlimited businesses and people can interact continuously. In addition, the Metaverse will comprise a large ecosystem of developers, content creators, and providers creating content and collecting revenues based on underlying systems.

Although Metaverse doesn’t exist yet, it is on the way. Social media giant Facebook has already changed its name to “Meta,” with Nvidia and Microsoft also working on their Metaverse-related projects. Interestingly, once Metaverse arrives, the company’s ARKnet Platform will be vital in supplying the required real-world information. Tautachrome is currently working on collaborations with one or more of the tech giants working on Metaverse to advance its vision. CEO Jon Leonard stated that the way they see it, whether Metaverse turns up or shares it takes, they are looking for an ARKnet Platform to support Metaverse with real-world information and take virtual data out. S0, TTCM is worth watching.

Key Quote

Dr. Jon N Leonard, Tautachrome CEO said today “The way we see it whatever the Metaverse winds up becoming and whatever shape it takes, we want the ARknet Platform to act on the Metaverse from the outside, feeding real-world data in, and extracting virtual information out. The Portal feature could give users a cool way to see into the Metaverse without having to be inside it.”

Technical Data

TTCM stock is trading below the 20-Day and 50-Day Moving averages of $0.0050 and $0.0055 respectively. Moreover, the stock has pivot point at $0.0031. The stock is down 31% in the past month.