Well known full service blockchain platform CurrencyWorks Inc (OTCMKTS:CWRK) was in the news yesterday but that did not lead to any boost for the stock as it declined by as much as 4% for the day. In this situation, it may be a sound move to actually look into the development that led to the decline in the first place.
Trading Data
On Tuesday, CWRK stock slid 3.82% to $0.1917 with 50k shares, compared to its average volume of 299k shares. The stock moved within a range of $0.1862 – 0.2275 after opening trade at $0.1993.
CurrencyWorks’ VUELE™ Feature Film NFT Platform Unveils ZERO CONTACT, Starring Anthony Hopkins, Exclusive and Collector’s Edition Drops
The company announced yesterday that its NFT or non-fungible token platform for feature films named VUELE launched two special NFT bundles for ZERO CONTRACT. ZERO CONTRACT features Anthony Hopkins, the Academy Award winning actor.
The company announced that as many as 2300 copies of the ZERO CONTRACT Exclusive Edition NFT are going to be made available on the VUELE platform by CurrencyWorks. The NFT bundles actually went into sale yesterday at 2-22 pm Pacific Standard Time. It was a major new development for the company as it tries to emerge as a major player in the blockchain industry.
However, it seems that investors were not particularly enthused with the announcement and the stock suffered from a selloff. It is now going to be interesting to see if the stock can manage to make a recovery any time soon.
Key Quote
“We are thrilled to be offering the ZERO CONTACT Exclusive and Collector’s Edition NFTs after the successful sale of the first 11 Platinum and Elite Edition NFTs in September, which sold for more than $100,000.00,” said Cameron Chell, co-head of VUELE™ and Executive Chairman of CurrencyWorks. “VUELE™ will provide fans with unprecedented early access to full-length feature films, in addition to coveted movie memorabilia.”
Technical Data
CWRK stock is below the 20-Day and 50-Day Moving averages of $0.21 and $0.25 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.55.
