Can Kodak Coin save $KODK? Chart for a good ol' doctor I know out of NYC.
Charted against KODK and DJIA.
1. We can see a failed attempt to break Fib resistance. From there we have a solid trend of consolidation followed by a nice shift up in moving average.
2. Looks to be a second attempt at bulls taking control. Moving average shows a gradual uptrend, while making a second attempt at Fib resistance.
The company recently advised they are looking to release Kodak coin, however, due to due-diligence they had to postpone their launch to validate investors and source of capital. Furthermore, Kodak looks to tap into block-chain infrastructure by offering Kodak Miners.
Successful deployment and updates into second quarter could bring massive earnings. Furthermore, if they continue to do well in these sectors and post profits with great margins come end of Q4, this thing could explode.
Kodak still has a change to redeem itself in the mining space, they bit off more than they could chew, but with the right guidance they could turn that train-wreck around.
Just a thought.
www.kodak.com
This is not investment advice, invest at your own risk.
Kodakcoin
Kodak Blockchain ScamRecent discussions about Kodak's involvement in blockchain should caution investors. Kodak is riding off the cryptomarket's hype to increase their stock price. I have no mathematical basis for my predicted price decline, but we'll the time play out and see what happens. I would caution anyone thinking into buying stock into Kodak solely based on familiarity with the cryptocurrency BTC market.
KODK Too hyped for its own goodA little background into the new coin Kodak got behind: its main purpose is to use by paparazzi.
"WENN proposes to launch KodakCoin as the native token of the KodakOne blockchain. What does KodakOne do? It trawls the web for unauthorized use of images that WENN holds the rights to. When the system finds a licensing violation, it will settle payments due to photographers using KodakCoin. Kodak didn’t respond to a request for further details about the blockchain project and the licensing agreement.
If a blockchain-based system to track photos on the web sounds far-fetched, suspend your disbelief for a moment. It’s actually a problem that several startups in the blockchain world have tackled, with varying degrees of success. Among them was Mediachain, which did almost exactly what KodakOne plans to do, and was acquired by Spotify last year. Another firm was Ascribe, which used a blockchain to track fine art and other intellectual property."
Think back to when Long Island Iced Tea renamed their company to Long Blockchain and their stock price skyrocketed overnight. The Kodak hype train took off so fast that it will soon derail.
