World Universe Inc. (OTCMKTS:OWUV) Stock Sees Profit Booking At Higher Level

After the recent jump, one World Universe Inc. (OTCMKTS: OWUV) fell 30%. The company, which invests ins distressed assets, sports-related entities, and business opportunities in upcoming sectors such as Metaverse, has invested in and acquired fifteen SuperlativeApes on the OPEN sea, a derivative Bored Ape Yatch Club collection.

Market Stats

On Monday, OWUV stock plunged 30.30% to $0.3060 with more than 14.14 million shares, compared to its average volume of 4.81 million shares. The stock has moved within a range of $0.2940 – 0.4700 after opening trading at $0.47.

One World Universe Purchases 15 Superlative Apes NFTs, a Derivative Collection of the Famous Bored Ape Yacht Club

The firm bought ten Apocalyptic Apes last week, and the price has practically tripled since then. Celebrities are flocking to the premier NFT Apes dubbed Bored Ape Yacht Club line, which is “red hot.” The Superlative Apes are a group of 4,444 Superlative Apes NFTs, which are one-of-a-kind digital and vivid collectibles that live on the Ethereum blockchain. According to their owners, these apes are designed to make you joyful and comfortable. The collection has a robust community with almost 2,600 owners for the 4,444 NFTs.

The company’s Dana Salzarulo stated that they continue to project that the median joe NFT investor/buyer will have difficulty buying a piece of art for 10’s or 100’s of dollars. So in the coming weeks, OWUV is worth watching.

Key Quote

“We continue to speculate that the average joe NFT buyer/investor will have a hard time buying or parting with 10’s or even 100’s of thousands of dollars for a piece of digital art. People still want to keep up with the Jones’ and feel the Superlative Apes collection like the Apocalyptic Apes are a lower tier, more affordable option for the average collector or one that is on a budget. Today we swept the floor and grabbed 15 of the pastel colored SAPES and added them to our growing Metaverse Holding portfolio,” stated Dana Salzarulo of OWUV.

Traders Corner

OWUV stock is trading above the 50-Day and 200-Day Moving averages of $0.15 and $0.06 respectively. However, the stock is trading below the 20-Day moving average of $0.33.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.