$COIN.NE is dipping today due to crypto’s volatility. However, they’ve been diversifying and reducing their dependence on crypto for a few months now. Even this month alone, they’ve announced some pretty interesting things that should help the company grow.
- Launched a play-to-learn gaming/crypto investment platform
- $COIN will host Decentraland’s fashion week in addition to launching a start-up competition for digital architecture
- A partnership with SuperWorld to invest up to $1M in digital real-estate on their platform
Overall, I'm sure that $COIN.NE’s team will continue to deliver and bring us some unique opportunities in the sector. The metaverse is beginning to heat up, especially after Microsoft announced the $69B acquisition of Activision. Microsoft's entry into the space shows that the metaverse is going mainstream, which $COIN.NE has been preparing for.
Today's dip is starting to form a double bottom pattern on the stock; as long as crypto can find stability, this should see some upward movement return. $COIN.NE is definitely one to keep on the watchlist as the whole market continues the sell-off and stocks finally offer some attractive entry points.
Check out the radio interview with Andrew Kiguel from the 19th, he goes over some metaverse trends for 2022: https://youtu.be/kX3ZC513oFU