HUMBL Inc (OTCMKTS:HMBL) Stock Turns Volatile Recently

Earlier on in the year, the HUMBL Inc (OTCMKTS:HMBL) stock had been one of the biggest movers from among penny stocks, however over the course of the year, things have steadied considerably.

Market Stats

On Tuesday, HMBL stock went up 2.7670% at $0.5539 with more than 11.82 million shares, compared to its average volume of 5.23 million shares. The stock has moved within a range of $0.5501 – 0.6450 after opening trading at $0.5980.

HUMBL Announces Launch of HUMBL Pay Mobile Wallet with Peer-to-Peer (P2P) Functionalities

 Yesterday, the stock was in focus once again after a key announcement and ended the day with gains of as much as 3%. Yesterday, HUMBL came into focus among investors after the company introduced its latest ambitious product HUMBL Pay mobile wallet. It was a significant development for the company and the enthusiasm among investors was understandable. However, in this context, it should be noted that in addition to the wallet, the company also announced the upgrades to the peer to peer functions.

Other functions have also been added to the wallet in order to make sure that it becomes easier for users to manage blockchain functions and the digital assets. One of the significant new features to have been added to the wallet is that of the freedom to use well known credit cards inside the wallet in order to buy digital assets. This feature is expected to make it a lot easier for users to buy cryptocurrencies. Customers can also send digital assets like USDC, Bitcoin and Ethereum easily.

Key Quote

“Our mission for the HUMBL Pay wallet is to create simple, blockchain pathways for global consumers. We have now achieved another key milestone on that path,” stated HUMBL President and CEO, Brian Foote. “The HUMBL Pay mobile wallet now offers the purchase of digital assets such as Bitcoin and Ethereum, frictionless P2P transactions through USDC Stablecoin, and higher APY interest rates than the majority of global banks through DeFi solutions.”

Traders Corner

HMBL stock is trading below the 20-Day and 50-Day Moving averages of $0.59 and $0.69 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.58. The stock is up 10% in the past week.