Net Saving Link (OTCMKTS:NSAV) Stock Sees Buying Interest At Lower Level: But Why?

Net Saving Link (OTCMKTS:NSAV) stock surged on January 13, 2022, after the firm announced a fresh deal with Meta stock is rising higher on Friday after the company announced a new deal with Metaverse Network. The company confirmed on acquiring a 10% stake in Metaverse Network and both companies are a part of the crypto sector with a focus on blockchain.

Trading Data

On Friday, NSAV stock increased 4.78% to $0.0219 with more than 19.80 million shares traded, compared to its average volume of 36.47 million shares. The stock has moved within a range of $0.0205 – 0.0230 after opening trading at $0.0210.

Latest Development

Metaverse Network operates the BQEX Exchange and it currently has about 4 million registered users. Net Saving Link has confirmed that investment will boost its presence in the $500 million Metaverse market. Furthermore, it also said that Metaverse Network may go public soon by listing on New York Stock Exchange by quarter one of 2022.

It is also possible that NSAV may witness investment in Metaverse stock surge in value. The collaboration between the two firms will enable them to launch a pioneer NFT with NSAV getting between 5% to 7.5% of the tokens.

W. Y. Cheung, CEO of Metaverse Network said that the company is excited about working with NSAV management, as it is blockchain savvy and has an impressive vision. The firm’s stock was by 7.7% on January 14, 2022. The collaboration between the firms will help launch an NFT with NSAV receiving 5 to 7.5% of the tokens.

Technical Data

NSAV stock is below the 20-Day and 50-Day Moving averages of $0.0247 and $0.0304 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0290.