Long
Low volume, Low Float, Super Undervalued GEM 4X
Updated
Excellent entry at $5 and massive upside potential. Shorts has been attacking everyday and covers within average of 1.5days.
Their Q1 revenue already beat entire 2020 year by 800% . I believed this stock was oversold and FUD created by recent bitcoin and Coinbase listing crash.
EQONEX has no debt , 42M cash and 60M assets. Current market cap at 187M in a joke. Bitcoin is not going away and Alt-coin market should return when BTC breaks 45k and 60k .
Its pretty pointless to do TA on a stock with low trade activities but 4x potential can not be ignored.
Their Q1 revenue already beat entire 2020 year by 800% . I believed this stock was oversold and FUD created by recent bitcoin and Coinbase listing crash.
EQONEX has no debt , 42M cash and 60M assets. Current market cap at 187M in a joke. Bitcoin is not going away and Alt-coin market should return when BTC breaks 45k and 60k .
Its pretty pointless to do TA on a stock with low trade activities but 4x potential can not be ignored.
Note
Major catalyst for next run up:- anticipating Euro crypto Fund by Bletchley Park division
- Mobile App launch
- Possible M&A deal going on (they got licenses that many other exchanges does not)
200M-300M market cap , there are nothing in the market to compare, Coinbase is too far ahead. OSL (0863.HK BC Group ) that is listed at Hong Kong Exchange produces less revenue but have market cap of over 11B USD ( 6.22B HKD )
Note
cointelegraph.com/news/dbs-wins-regulatory-approval-in-singapore-for-crypto-payment-services- Singapore may start approving full crypto exchange license soon, since DBS Bank got their approval.
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