Net Savings Link describes itself as a sort of crypto venture capitalism firm. The company holds as many assets as it can. This is part of its quest to become the most diversified crypto holdings outfit in the industry. Net Savings Link also makes clear its intentions to create its own cryptocurrency solutions.
Now, it’s seeing this promise through with the coming release of its crypto trading platform.
NSAV Stock Soars Ahead of Crypto Exchange Launch on August 9 Aug. 9 is the big day for the company and for NSAV stock, per a press release published earlier in the week. The launch of the company’s crypto exchange will make it just the second-ever publicly traded crypto exchange in the United States, just after Coinbase (NASDAQ:COIN).
The company is very optimistic and ambitious in its effort. In the announcement, Net Savings Link says that through its strategic partners, like that of the Huobi exchange, it will be able to tap into the Chinese crypto market and pull a significant portion of the market share there.
I can see $1.00 and up with fits and starts. This is a new micro-environment. It is alien to traders/investors/ avg consumer, so it may not obey the usual principles. Soft hands will take a ten, twenty, or other arbitrary gain and sell. Look for artificial resistance at round numbers like 0.15, 0.20, 0.25 with consolidation, then rise when profit it plowed back in. As the exchange starts to make money, larger investors will jump in. For now, it's only true believers, some dabblers. If institutional investors get hold of it, look out. Can't see it becoming a squeeze target. Too much real profit on the horizon. That said, governments could criminalize crypto on a whim (the US banned alcohol a hundred years ago.) I could see services like this ending up in tax-havens like Cayman, etc.
Doctora8822
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What do you think the target price will be?
meitshel
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@Doctora8822 we might seeing a pullback first, due to high RSI.
Unitl August 9 i see minimum 0.25 After the launch of the exchange a sell off could happen (buy the rumours, sell the news)
In the longterm it could go much much higher.
Keep in mind that the stock price will be depending on crypto performance