Decentralised finance has quickly grown into one of the more important spaces in the blockchain industry and if you are looking for investment options in that space, then it could be a good move to look into the Axis Technologies Group Inc (OTCMKTS:AXTG) stock. It is a holding company, which is involved in a range of decentralised finance business.
Trading Data
On Monday, AXTG stock fell 12.27% to close at $0.0483 with more than 3.80 million shares, compared to its average volume of 1.78 million shares. The stock has moved within a range of $0.0450 – 0.0615 after opening trade at $0.0540.
Latest News
Although it is true that the stock corrected somewhat and went down by 8% yesterday, it should be noted that it has performed quite strongly over the past month. During that period, the Axis Technologies stock has managed to generate gains of as much as 140%.
In light of such enormous gains in the past month, it is quite likely that the Axis Technologies stock is going to generate a lot of buzz among investors. Yesterday, the stock declined after the company announced that its Chief Executive Officer William Tien had been invited to be a keynote speaker at the Global Investor Summit on Digital Assets event that is going to take place on March 30, 2022 in Puerto Rico. It is a significant development for both Axis Technologies and also its CEO.
Technical Data
AXTG stock is above the 20-Day and 50-Day Moving averages of $0.0407 and $0.0332 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0359.
