The trading week may be coming to an end but investors are nonetheless going to keep hunting for stocks to track and this morning the Hop-On Inc (OTC:HPNN) stock could be the one to watch out for. Yesterday, the company was in significant focus among investors after its subsidiary unit Digitalage made a key new announcement.
The Announcement
Digitalage hit the news cycle after it announced the launch of a new product named SocialSafe. In the news release, the company announced that the product would offer social media backup services with the aim of protecting digital content of individuals provide greater power to creators and also help fans of different niches stay connected. It was noted that at a time when the future of TikTok in the United States remained in limbo, SocialSafe would provide creators with a crucial safety net to archive their content in a secure manner.
Further Information
The company went on to state that the patented technology that had gone into the development of the service would ensure that all social media content stayed safe and allowed creators to continue to earn. In light of the development, it would be interesting to see if the Hop-On stock gets any traction over the coming days.
Key Quote
“SocialSafe isn’t just about storing content-it’s about empowering creators and their communities,” said Peter Michaels, CEO of Digitalage. “By giving creators control over their digital assets and rewarding them financially, we’re building a platform that safeguards creative work while keeping fans connected and our Provisional Patent for “System and Method for Backing Up, Monetizing, and Managing Social Media Content Application 63/756,622”
Technicals
| +/- EMA(20) | 0.0006 (+0.00%) |
| +/- SMA(50) | 0.0006 (+0.00%) |
| +/- SMA(200) | 0.0005 (+20.00%) |
| 5-Day Perf. | – |
| 1-Month Perf. | -14.29% |
| 3-Month Perf. | -33.33% |
| 6-Month Perf. | +20% |
| YTD Perf. | – |
| 1-Year Perf. | +100% |
| RSI(14) | 49.84 |
| ATR(14) | – |
| ADX(14) | 33 |
| Beta (5Y) | -9.00 |
