While the market sold off on Wednesday, that’s great news for value investors. There are discounted share prices across the markets. One market that isn’t going anywhere is cryptocurrency. Binance.US, the American subsidiary of the largest cryptocurrency exchange by volume, has closed its first funding round for a $4.5 billion pre-money valuation. The industry continues to make major strides toward adoption. There are several companies within the sector making news that investors should start researching now.
Marketing Worldwide Corp. (OTCMKTS:MWWC) developer of crypto mining platform ‘Minosis’, released beta testing results that prove the platform’s viability. The company projects profits for 2022 with only 1000 testers, once the platform goes live these numbers could multiply quickly.
This may not have been the most significant announcement in the release, however, MWWC has retained BlockchainX to push forward its proprietary coin, the Minosis Token “$MWS.” While Minosis will be able to mine BTC, ETC, and four other top cryptocurrencies, MWS could be its greatest revenue generator in the long run. Especially if it can follow in the footsteps of meme currencies like $DOGE or $SHIB who made news of its own recently after Steven Cooper, CEO of Bigger Entertainment, started to rally the #shibarmy to burn of 1 billion SHIB tokens.
News like this may have evaded investors due to the sheer amount of bitcoin noise, but based on $MWWC’s corporate Twitter, there are several more updates to come over the next month and a half. Any of them could be a catalyst for MWWC stock.
Asia Broadband Inc (OTCMKTS:AABB)- In the past week, the Asia Broadband Inc stock has emerged as one of the major gainers and deliver gains of as much as 20% to its shareholders.
Yesterday, the company was in focus once again after it announced that it had started production operations at the mining property that it owns in the Tequila area in Mexico. Asia Broadband noted that the processing mill that is present at the state has been operating at 50 tons a day in terms of maximum capacity. It remains to be seen if the latest announcement results in another move in the stock or not.
Xunlei Limited (NASDAQ:XNET) – China based shared blockchain computing and blockchain technology company Xunlei Limited is a stock that could be worth tracking at this point.
Back on March 31, the company had come into focus after it announced that the board of directors had approved a plan by way of which Xunlei was going to purchase its shares worth up to $200 million over the course of the next 12 months. Such announcements can often lead to strong bullish sentiments about a stock and it is now going to be interesting to see if such a thing happens with the Xunlei stock or not.
KYN Capital Group (OTCMKTS:KYNC) – There has not been a lot of news about KYN Capital Group in recent days but back on March 21 the company had made a key announcement.
At the time, KYN Capital Group announced the highly anticipated Koinfold Debit Card and went on to note that it expected sign ups to begin at some point in April. In addition to that, the company also noted that the art work in relation to its debit card had also been completed and was in the process of going into final production stages.
One World Universe (OTCMKTS:OWUV) – Sports related businesses investor One World Universe Inc was in focus earlier on this week on Tuesday after it announced that it had been successful in completing the acquisition of a media company. The media company generated revenues and it is a strategic move from One World Universe.
The media company is going to help the animation and filming development work and also with production of non-fungible tokens. It now remains to be seen if the One World Universe stock comes into focus among investors one way or the other in the coming days.