Even though the company employs 50 people and has managed to reach 900,000 users in the last year. Investors seem to become more interesting especially after the last headlines carrying NFTs. They are currently betting on the ability of online art purveyors to pivot to the blockchain. Today, this appears to be pure speculation. However, interest appears to remain high with these small-cap stocks.
The stock price was trading at $6 before the NFT craze yesterday and had reached its lower low of $2.80 earlier this month. On the closing bell, the stock price closed at $10.60.
About Takung Art Co Ltd
Takung Art Co Ltd (NYSE: TKAT) is a Hong Kong based company founded in 2009. This stock was also trending yesterday due to speculation that it could be a play on the non-fungible token space. The company has created a marketplace for shared ownership in fine art in Asia. This allows investors to go in on art deals together and it is one of the main reasons that fine art prices are higher and made partial owner rich.
The stock closed at $22.60 giving it a total increase of 277%. However, in the premarket trading, it has already corrected 20%.
About Integrated Media Technology Ltd
Integrated Media Technology (NASDAQ: IMTE) surged also due to speculation with no apparent reason. The stock price closed at $8.40 giving it an 80% rise and has also corrected in the premarket trading 20%. The technology investment, product development and distribution company established in 2008 and has its headquarters in Hong Kong and offices in Australia and China. Its main focus is the commercialization of visual technology of glass-free 3D displays.
How to know what is trending on time?
Three days ago, one of our Union’s members shared in our Discord group a list of NFT stocks and guess what happened? Yesterday all NFTs stocks from that list were at least 5% up, including the ones mentioned above and more. We formed the Trader’s Union to accomplish a knowledgeable and educational platform that shares valuable information and creates a trusted community that takes on the hottest trades before they happen. This is just one proof of many.
We have now opened a new section called the “Crypto Task Force” that is on a mission to identify the next ALICE 40,000%+ token.