There are a fair number of companies that are expected to be on the radars of investors this morning in light of the latest developments, and one of those is Blaqclouds Inc. (OTC: BCDS). This morning they made a significant new announcement that could bring the stock into sharp focus among investors, and hence, it may be a good move to take a closer look.
Launch of New Platform
This morning, Blaqclouds came into focus in a big way after the company announced that it had launched a new pathbreaking platform named ShopwithCrypto.io. The platform would help in bridging the gap between regular shopping and cryptocurrencies. In the news release, it was noted that the company would make the platform live on January 3, 2024, at 2 PM Mountain Time. It would provide enthusiasts of cryptocurrencies with a new way of purchasing gift cards offered by thousands of different merchants smoothly.
Further Information
The company stated that it was much more than merely a platform for purchasing gift cards with crypto. It was a transformational solution that combined unmatched flexibility, advanced technology, and convenience. It would be interesting to see if the stock managed to end the week on a strong note or not.
CEO Quote
“ShopwithCrypto.io is more than a platform; it’s a movement that brings cryptocurrency into mainstream commerce. By leveraging cutting-edge blockchain technology, we’re making it easier than ever for users to use their digital assets in everyday life,” said Marjorie Schaefer, CEO of Blaqclouds, Inc.
Technicals
| +/- EMA(20) | 0.0143 (-2.80%) |
| +/- SMA(50) | 0.0069 (+101.45%) |
| +/- SMA(200) | 0.0044 (+215.91%) |
| 5-Day Perf. | -26.84% |
| 1-Month Perf. | +969.23% |
| 3-Month Perf. | +768.75% |
| 6-Month Perf. | +434.62% |
| YTD Perf. | -22.78% |
| 1-Year Perf. | +215.91% |
| RSI(14) | 51.68 |
| ATR(14) | 0.01 |
| ADX(14) | 58.43 |
