In the past week, the Net Savings Link Inc (OTCMKTS:NSAV) stock has had a pretty volatile time. Last Thursday, the stock managed to make a recovery and went up by as much as 8%. However, at the same time, it is important for investors to note that it is still down by 6% in the past week.
Trading Data
On Thursday, NSAV stock ended up by 8% to $0.0269 with more than 19.38 million shares, compared to its average volume of 37.23 million shares. The stock has moved within a range of $0.0247 – 0.0278 after opening trade at $0.0250.
Launch Of Second Decentralized Cryptocurrency Exchange
The company, which is involved in cryptocurrency, blockchain and digital asset technologies, announced on Thursday that it had successfully completed the launch its second Decentralized Cryptocurrency Exchange. It goes without saying that it was a major announcement from the company and the reaction from investors was also positive as the stock made a strong recovery.
The exchange is going to be in operation in the Binance Smart Chain. The launch of the exchange is particularly important since it is going to help Net Savings Link in further expanding its foot print in the massive cryptocurrency market.
At this point in time, the market is valued at as much as $2 trillion and it is only going to rise in the coming year. It may now be a good time for investors to add the New Savings stock to their watch lists.
Key Quote
Danny Lau, NSAV Director, Head of Blockchain Operations and Silverbear Capital partner stated, “We are proud to announce that the NSAVDEX 2 is using Binance Smart Chain, which has dual-chain architecture and empowers its users to build their decentralized apps and digital assets on one blockchain and take advantage of the fast trading to exchange on the other.”
Technical Data
NSAV stock is trading below the 20-Day and 50-Day Moving averages of $0.0284 and $0.0373 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0289. The stock is down 14% in the past month.
