Steadily upscaling in the crypto space, Fernhill Corp. (OTC: FERN) is a diversified technology holding company building a digital asset ecosystem through ventures in crypto mining, digital asset trading, NFTs, DeFi and the Metaverse. FERN stock has landed on many investors’ radars after the company received the NASDAQ’s approval to use its ticker symbol on its exchange – leading to an over 77% run. With plans to launch an NFT marketplace and venture into the DeFi sector in 2022, FERN stock could reach new highs as these plans roll out.
Fundamental Analysis
Focused on developing Mainbloq, FERN integrated its subsidiary with Coinbase’s Prime Services for Institutions. Through this, the company is able to meet the rising institutional demand for algorithmic trading platforms. As a leader in this sector, many institutions prefer utilizing Mainbloq’s platform since it allows them to access several pre-built exchange offerings. By integrating with Coinbase Prime, Mainbloq is now able to provide its clients with Coinbase’s technology. This means more assets are able to be traded at the best execution prices over multiple exchanges – helping position Mainbloq for further growth.
At the same time, Mainbloq is catering to the needs of many institutions by launching immediate support for sub-account trading. Given that the majority of Mainbloq’s clients are institutions expecting sub-account functionality, the company is seizing the opportunity to offer a service that is not available in most crypto exchanges. Moreover, Mainbloq is looking to monetize this functionality by offering it to exchanges. With plans to add exchanges every month, FERN has the potential to realize major revenues from Mainbloq in 2022 and beyond.
Considering Mainbloq’s focus on serving institutions, the company signed a LOI to provide Corinthian with automated algorithmic trading, smart order routing, and customized trading solutions. In this way, Corinthian will be able to enhance its trading performance across its funds’ strategies. Since Corinthian was founded by well-known, former JPMorgan and Credit Suisse fund managers – Paul Frost-Smith and Jerome Dupuy – this partnership is expected to provide Mainbloq with global recognition for its quality services.
On that note, it is worth mentioning that executives at leading financial firms are starting to take notice of this technology’s potential. CEOs of Blackrock, JPMorgan Chase, and Goldman Sachs recently hinted at the possibility of embracing blockchain technology while increasing their investments in crypto assets and stablecoins. In light of this, Mainbloq could witness major growth in 2022 as more capital enters this sphere.
Financials
In its 2021 annual report, FERN increased its assets to $12.5 million compared with $171 thousand in 2020. This increase is mainly due to FERN’s acquisitions throughout 2021 which contributed to its $8.1 million in intellectual property. While the company reported $253 thousand in revenues, FERN’s operating costs of $590 thousand yielded a net loss of $181 thousand for the year. Despite this, FERN has the potential to significantly increase its revenues in 2022 as it starts realizing revenues from its subsidiaries and IP.
Technical Analysis
FERN is currently trading at $.016 with a support at .0137 and .0113. It shows a resistance near .0161 - which it broke past - as well as a secondary resistance at .0174. Accumulation is on a major upwards trend since FERN received NASDAQ’s approval to use its ticker symbol. Meanwhile, the RSI is at 74 indicating FERN stock is overbought and the MACD is bullish.
After surging over 77%, FERN could dip as the RSI regulates but it appears ready to retest its resistance. Bullish investors could wait for FERN stock to dip near its support for a better entry point, but should watch the stock’s volume for an indication of how far the stock may run on these catalysts.
FERN Forecast
Looking to build its digital asset ecosystem further, the company continues to develop Mainbloq with its targeted clients and global institutions in mind. By offering unique services in the digital asset trading sector, Mainbloq could secure a partnership with the well-known asset management company Corinthian through its LOI.
On top of this, FERN is set to launch its NFT marketplace later this year to further advance its efforts to create its ecosystem. With an acquisition approaching, FERN could deliver on its plans of entering the DeFi sector very soon. Despite all of these catalysts, FERN stock’s main catalyst is its potential listing on the NASDAQ or NYSE. Given that the company is approved by both exchanges to use its ticker symbol, FERN stock could be a profitable long-term hold.
Fundamental Analysis
Focused on developing Mainbloq, FERN integrated its subsidiary with Coinbase’s Prime Services for Institutions. Through this, the company is able to meet the rising institutional demand for algorithmic trading platforms. As a leader in this sector, many institutions prefer utilizing Mainbloq’s platform since it allows them to access several pre-built exchange offerings. By integrating with Coinbase Prime, Mainbloq is now able to provide its clients with Coinbase’s technology. This means more assets are able to be traded at the best execution prices over multiple exchanges – helping position Mainbloq for further growth.
At the same time, Mainbloq is catering to the needs of many institutions by launching immediate support for sub-account trading. Given that the majority of Mainbloq’s clients are institutions expecting sub-account functionality, the company is seizing the opportunity to offer a service that is not available in most crypto exchanges. Moreover, Mainbloq is looking to monetize this functionality by offering it to exchanges. With plans to add exchanges every month, FERN has the potential to realize major revenues from Mainbloq in 2022 and beyond.
Considering Mainbloq’s focus on serving institutions, the company signed a LOI to provide Corinthian with automated algorithmic trading, smart order routing, and customized trading solutions. In this way, Corinthian will be able to enhance its trading performance across its funds’ strategies. Since Corinthian was founded by well-known, former JPMorgan and Credit Suisse fund managers – Paul Frost-Smith and Jerome Dupuy – this partnership is expected to provide Mainbloq with global recognition for its quality services.
On that note, it is worth mentioning that executives at leading financial firms are starting to take notice of this technology’s potential. CEOs of Blackrock, JPMorgan Chase, and Goldman Sachs recently hinted at the possibility of embracing blockchain technology while increasing their investments in crypto assets and stablecoins. In light of this, Mainbloq could witness major growth in 2022 as more capital enters this sphere.
Financials
In its 2021 annual report, FERN increased its assets to $12.5 million compared with $171 thousand in 2020. This increase is mainly due to FERN’s acquisitions throughout 2021 which contributed to its $8.1 million in intellectual property. While the company reported $253 thousand in revenues, FERN’s operating costs of $590 thousand yielded a net loss of $181 thousand for the year. Despite this, FERN has the potential to significantly increase its revenues in 2022 as it starts realizing revenues from its subsidiaries and IP.
Technical Analysis
FERN is currently trading at $.016 with a support at .0137 and .0113. It shows a resistance near .0161 - which it broke past - as well as a secondary resistance at .0174. Accumulation is on a major upwards trend since FERN received NASDAQ’s approval to use its ticker symbol. Meanwhile, the RSI is at 74 indicating FERN stock is overbought and the MACD is bullish.
After surging over 77%, FERN could dip as the RSI regulates but it appears ready to retest its resistance. Bullish investors could wait for FERN stock to dip near its support for a better entry point, but should watch the stock’s volume for an indication of how far the stock may run on these catalysts.
FERN Forecast
Looking to build its digital asset ecosystem further, the company continues to develop Mainbloq with its targeted clients and global institutions in mind. By offering unique services in the digital asset trading sector, Mainbloq could secure a partnership with the well-known asset management company Corinthian through its LOI.
On top of this, FERN is set to launch its NFT marketplace later this year to further advance its efforts to create its ecosystem. With an acquisition approaching, FERN could deliver on its plans of entering the DeFi sector very soon. Despite all of these catalysts, FERN stock’s main catalyst is its potential listing on the NASDAQ or NYSE. Given that the company is approved by both exchanges to use its ticker symbol, FERN stock could be a profitable long-term hold.