In recent days, the KYN Capital Group Inc (OTCMKTS:KYNC) stock has been in the middle of a strong move and the rally in the stock continued on Thursday. There was no news about the company yesterday but the stock soared by 17% and took its gains for the past week to as much as 80%.
That being said, it should be noted that the rally in the stock had actually been triggered last week when the company announced that it hired the services of ArtistRelations.Com as its consultant for the entertainment and music industry.
KYN Capital Group is trying to popularise its KoinFold app and one of the way of accomplishing that is through endorsements by well known faces in the entertainment and music industry. ArtistRelations.com has been a well known name in the professional endorsements industry for more than twenty years and it is expected to bring its considerable experience in helping the KoinFold app with publicity.
As a matter of fact, last week, the company hosted the ArtistRelations Endorse Expo at which it provided guidance to engineers, managers, producers and musicians about the different aspects of coin creation and NFTs or non-fungible tokens.
On Thursday, KYNC stock surged 16.67% at $0.0105 with more than 420.14 million shares, compared to its average volume of 121.24 million shares. The stock has moved within a range of $0.0097 – 0.0156 after opening the trade at $0.0098. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0210.