Post by
Arbutus22 on Dec 24, 2020 10:53am
Irrational sp move
Yes, the +30% rise in one day was a bit much and a drop was expected. But a full circle return to the 90 cent range? This company has barely scratched the surface. It's a simple business model but few are in a position to be a crypto payments facilitator (i.e., few competitors). The more people use crypto for commercial transactions, the more revenue earned by NC. IMO, current price is completely unwarranted, driven by end of year tax loss selling and fearful investors who bought in last week. The crypto movement is only getting stronger with central banks around the world talking up digital currencies. Short term, NC will see sp bump upon VIsa approval in January. Long term, imo, this will turn out ot be an excellent investment. Buying more today. GLTA.
https://coingeek.com/bank-of-canada-ready-to-move-sooner-than-expected-on-digital-dollar/