STOCKS TELEGRAPH

Author: ST Staff

  • Best Penny Stocks for 2021

    Are penny stocks the right start for you to invest in stocks? What are the best penny stocks under $5 in 2021? Not sure if you should make a decent investment in penny stocks or rather spend all your savings on the cherry-picked blue-chip stocks?

    Here’s the CODE to remember while investing in stocks.

    People often look at billion-dollar companies with premium share prices of $500 to consider them valuable. However, this is a common misconception because the stock’s share price does not always have something to do with the value of the stock. In reality, price holds very little sway compared to the value of the stock. Instead, it’s the value of the stock and potential in stock’s fundamentals and metrics that define if the present value of the stock makes it worth it or not.

    In other words, stocks under $5 in price can make you the same percentage of profit as a $500 stock can. All you have to do is know the right trends, developments, and measures for investing in the best stocks.

    In this article, we are going to give you the 5 penny stocks of the year that have the best potential to make you rich. We will also provide you with the key measures to learn how to invest in valuable penny stocks.

    Ocean Power Technologies (OPTT)

    First on our list of $5 stocks is Ocean Power Technologies (OPTT), which was the latest target of the raging meme stock phenomenon. It is a leading company in renewable wave energy technology. Its proprietary technology allows it to convert ocean waves into electrical energy. As the world drives towards global green and renewable energy, OPTT stock is going to see big future gains. OPTT stock is valued at 130 million and reported a strong liquidity position of $80.4 million cash in total for the fiscal quarter ended on 30th January 2021. OPTT increased efficiency by reducing its operating expense by 4.3% to $2.78 million in the quarter ended on 30th January. It has recently acquired a technology company for offshore engineering services known as trident technology. OPTT aims to expand its customer base and technology installation-deployment contracts, making this a very potent stock to invest in.

    Atlantic American Corporation (AAME)

    Next on our list of $5 stocks is Atlantic American Corporation (AAME). It is one of the best performing life insurance companies in 2021 that offers insurance products like life, health, property, and casualty insurance policies. The company has a market cap of 86.971 million. Atlantic was affected by the disruption caused by the pandemic, which led to a material decline in capital markets. But despite that, AAME managed to increase its premium revenue to $46.1 million in the first quarter of 2021. Operating loss was reduced to $2.0 million. According to the company’s income statement, the stock had an ROI of 112% for its investors since the start of the year. The company reported $200 million in 2020 and is expected to increase its revenue growth in 2021 since the effect of the pandemic is fading. AAME stock, which has a $0.02 quarterly dividend, is appropriate for income investors since it issues a dividend quarterly.

    Sesen Bio (SESN)

    The third stock in the list of under $5 stocks is Sesen Bio (SESN). It is a late-stage clinical company that uses the proprietary treatment of cancer using Targeted Fusion Protein Therapeutic. SESN has been churning revenue and increasing share price for the past 12 months. The share price started at 1.30 dollars this year and is currently around the 4 dollar mark. The price of the SESN stock has risen by 472% from the past year. The market cap is at 722.607 million dollars. Its lead candidate is the real-money maker, which is known as Vicineum. Vicineum is going through trials and tests to treat bladder cancer as well as head and neck cancer. This broad cancer treatment showed a 71% non-recurrence rate in Phase 2 trials. It is also expected to gain regulatory approvals by 2021 in the US and by 2022 in Europe. Therefore, investors can jump on this bandwagon and expect it to cross the $5 mark after the approval period.

    AmpliTech Group (AMPG)

    Fourth, on our list of investing in penny stocks is AmpliTech Group (AMPG). This stock is known as the 5G revolution stock. 5G industry is still relatively a very early stage market. But that is exactly what makes this stock a potentially profitable long-term buy option. Its diversified portfolio, including the internet of things, space technology, and defense technology, will immediately get a boost in contract demands and revenue once fused with 5G technology. In addition, the company has a debt-to-equity ratio of 0.24, which shows that majority of the company’s operations have not been funded by debt but own capital. Currently, the AMPG stock is almost touching the $5 mark. According to Investopedia, this $45.877 million market cap stock will exit the penny stock category by a strong margin once the 5G starts rolling and is expected to grow 30% in the near term thanks to a recent $23 million capital raise from winning a contract from Fortune 100 defense contractor. In the first quarter of 2021, the company reported a backlog of $2.4 million.

    Mind Medicine (MNMD)

    Our final selection for the under $5 stock is a euro pharmaceutical stock that is as significant, if not more, as the rest of the 4 penny stocks. It is called Mind Medicine (MNMD). It has a competitive advantage in the pharmaceutical sector because it targets and deals with psychedelics. MNMD stock is currently under the $4 mark. The company has a solid debt-to-equity ratio of 0.07. The total equity has risen by a whopping 855% in the quarter ending on 30th January compared to the prior quarter. This 847.955 million dollars valued company will see significant boosts once it gains regulatory approvals, an observed trend in biotech stocks. The company is offering experiential therapy through LSD administration for treating mental health issues. This psychedelic stock is only possible in this timeline because of growing acceptance and approvals by local and state regulators to use drugs for medicinal or recreational purposes. Because of this, Mind Medicine believes it can target an addressable market that could grow by $16 trillion by 2030.

  • What are NFTs? Here’s What You Should Know

    What are NFTs? Here’s What You Should Know

    NFTs or non-fungible tokens have taken the cryptocurrency sphere by storm. While some people think NFTs are nothing but a bubble, others believe the technology is bound to become the future of the digitized world. Let’s try to break down non-fungible tokens to get to the bottom of it.

    So, what are NFTs?

    Let’s talk about art first. What gives the Mona Lisa or the Starry Night its value? Perception. Would you expect someone who is not an art connoisseur to see the paintings’ worth? Probably not. So, it all boils down to the perception of value. Some people value the paintings and others follow suit. The cycle continues until you have a ridiculously valued piece of artwork.

    Where do NFTs come in all of this? NFTs tokenize artworks, music, and basically anything that can have a digital copy. Non-fungible means something that cannot be replaced. For example, a $10 bill can be exchanged for two $5 and it would have the same value so that’s fungible. But every NFT represents something unique–an artwork, let’s say–which cannot be replaced. This makes the realm of NFTs so unique and interesting.

    By tokenization, what we mean is the existence of the blockchain. The blockchain is a public ledger – much like an actual accounting ledger–which records every transaction that happens (happen) on it. However, the technology is so unique because it is completely decentralized–which means there is no entity or group of entities responsible for oversight, unlike banks and other financial institutions. The transactions are verified by miners around the globe who are contributing their computing powers.

    So, to sum it up, three words: Uniqueness, tokenization, and blockchain. Still, confused? Hold up, we’re not done yet. Through NFTs, you can create a digital copy of any asset in the real world which can be traded on the blockchain. Basically, it is like a digital certificate of ownership, but mostly without copyright ownership.

    What are some of the most outrageous NFTs?

    The most expensive NFT sold as yet is an artwork by the name of “Every day’s: The first 5000 days” by artist Beeple. The artwork is a compilation of 5000 digital arts for the artist. It sold for a price of $69.3 million.

    CryptoPunks are 24×24 pixel images of various species considered art. They were the first non-fungible tokens in the market. The total collection only has 9 aliens which make them valued. The second most expensive NFT is CryptoPunk #3100, which is a green alien that sold for $7.58 million.

    The CEO and founder of Twitter, Jack Dorsey, sold his first tweet “Setting up my twttr” as an NFT for $2.9 million.

    These are just a few examples of how high NFTs can go. The staggeringly high numbers are what is responsible for half of the excitement around NFTs.

    The downside of NFTs

    Is it really a bubble? One of the most common comparisons that are drawn to the NFT and blockchain technology is the Dot-com bubble. The advent of the internet excited and hyped people up. There was a sudden spike in e-commerce businesses. It looked like there was no end to the boom, but if one can be certain of anything in the financial world, it’s this: the bubble always bursts.

    So, will the bubble burst? Well, yes, if a bubble does exist. But would that be the end of the blockchain and NFTs? Probably not. Just like how the internet stayed and became the new normal, NFTs and the blockchain can be expected to become a part of our life too, one day.

    Another thing that blockchain technology is heavily criticized for is its high energy consumption. NFTs operate on existing blockchains–like Ethereum. While mining is being transitioned towards renewable sources, the carbon emission from the industry is still very high. In fact, it was the problematically high energy consumption of cryptocurrencies that led to the market crash. So, unless mining completely transitions towards renewable resources, the energy consumption may pose as a hindrance to the adoption of blockchain technologies like NFTs.

    Is the NFT technology here to stay?

    The skeptics of NFTs cannot wrap their heads around the idea of someone buying it, for its uniqueness and one-of-a-kind being when it can be copied multiple times.

    The crypto market had a brutal crash which effectively ended the bull run of 2021. Alongside cryptocurrencies, NFTs were also thriving but what’s interesting is that the market crash did not hamper the growth of the NFT market as expected. The NFT segment was thriving even amidst the crash. According to a report by DappRadar, NFT sales have risen 300% from January to May. The average sales per day were 21,815 in January, while the number rose up to 82,373 in May. An upward trend in sales was observed as the cryptocurrencies fell downwards. However, the dollar amount of the total sales has declined from $14.9 million to $6 million.

    The use cases for NFTs are currently being explored and, being a novel technology, the possibilities run wild. As asset tokenization takes off, NFTs are believed to facilitate the shift. Tokenization allows trading and financializing intangible or tangible assets that were otherwise not possible. Startups and established firms alike are exploring the possibilities of asset tokenization in real estate, stocks, and artworks. The list can only be expected to grow with time. Worst-case scenario, if NFTs blow and turn out to be a fad, experts still believe the core technology behind NFTs will stay—like the Dot-com bubble.

    In the end, only time will tell whether NFTs are just another bubble or a transforming technology like the internet. At the moment, its uses are still being explored, and its popularity is increasing.

  • Litecoin (LTC) coin to a pullback?

    Litecoin (LTC) coin to a pullback?

    Litecoin (LTC) is a cryptocurrency designed leverage the content of blockchain resulting in fast, secure, and low cost payments.

    The crypto currency was created by Charlie on Oct. 7.2011. with an intention of making it a liteversion of bitcoin, he named it Litecoin, as that features many of the same properties as of Bitcoin.

    Litecoin is one of the most accepted cryptocurrencies as more than 2k merchants and stores now accept LTC.

    According to the coin market cap LTC is currently being traded at the rate of $170.54 with a decrease of 8.70% in the last 24 hours. The market has a trading volume of $2,010,209,232 with a rise of 6.72% in the last 24Hours. Litecoin is in the watch lists of many holders and traders and is being ranked #16 getting a lot of attention. It works on Binance smart chain.

    Litecoin Technical Analysis

    The price on 21 July 2021, showed quite an impulsive move to the upside breaking structures, but the momentum of price seems to have been slowed down maybe as bitcoin has been rejecting the 50k level. As mentioned above, the properties of both are quite similar, so a correlation can be seen in both of these coins, the BTC has quite much influence on this token as compared to others.

    Besides that, the price has formed a double top just after breaking the previous structure. Mass psychology comes to play in this scenario, as the majority of people seeing this double top may started shorting this pair.

    Technical Analysis Chart
    Technical Analysis Chart

    Even though the price has had a move to the upside putting the trend in a bullish one, the correction of the impulse can be expected as well. If a fibo is drawn from low to high, the levels of 61.8 and 50 are in confluence with previous market structures pointing out strong zones from where the pullback can possibly end.

    Generally during this time when the bitcoin starts to fall the price of several coins also fall down. This is an additional confluence that supports the idea that the bears might be in control for the moment. In the long-run LTC has made quite an achievement and it can be expected that the coin is here to stay and wouldn’t go dead in the future if the market starts to mess up.

    In case if the price gets rejection from 161.50 there is a chance that the market might once again test the level of 191.99 and from there a pullback can be expected.

  • A beginner’s guide to ICOs, STOs and IEOs

    A beginner’s guide to ICOs, STOs and IEOs

    Just as we have IPOs (Initial Public Offerings) in the stock market to raise investments and capital of a certain asset, we have the same idea in the crypto market. But as the fundamentals are very different the way investments are raised is also in terms of blockchain.

    In IPOs shares of a certain company are sold to the public and as a result, they raise capital. In the crypto market, the coins are taken up for sale and the project raises money. This article aims to help you understand the basic differences between different types of offerings in the crypto market.

    About ICO

    ICO stands for Initial Coin Offering. Newly launched projects and crypto coins are offered to the public in exchange for other cryptocurrencies or in some cases fiat as well. Since the crypto markets are unregulated there are chances of pump and dump schemes that investors may fall prey off. 2017 was the time when ICOs took over the market and its craze was everywhere. A study suggests that in 2017 80% of the ICOs done were scams and as a result, a lot of people lost their money.

    People invest in ICOs in the hope to get newly launched coins at a very cheap price that has a huge potential in the market.

    ICOBench, CoinFactory, CoinGecko are some of the platforms that allow users to partake in ICOs.

    About STO

    STO stands for Security Token Offering. It is like the ICO but it goes a step ahead and links itself to the underlying assets just like stocks, real estate, or bonds. STO that are listed on exchanges have to undergo extensive investigations and need to fully comply with the financial regulations.  STOs are considered more credible and have less chances of manipulation as compared to ICOs.

    STOScope, STOKR are some platforms that you can visit if you are interested in STOs.

    About IEO

    IEO stands for Initial Exchange Offering. This is supervised by exchange and is exclusively for the users of that particular exchange. Although the same project could have a lot of IEOs happening at the same time.  IEOs started getting attention near the end of 2019 when Binance came forward with their Launchpad. After the offering is done. The token issuer pays a listing fee along with any amount of tokens are to be given to the exchange for using its services.

    Binance, Kucoin, Huobi, OKEx allow IEOs.

    Trading comes with risk, if you are looking to join any of these offerings or investing you should know certain things, What Should You Look For When Buying New Coins? is a good start.

  • Visa Enters the NFT Market

    Visa Enters the NFT Market

    NFTs are Non Fungible Tokens that can’t be replaced. NFTs are being used to sell art, music, and possibly real estate in the future too.

    CryptoPunk and their Influence

    CryptoPunk was funded back in 2017 and were one of the early NFTs on Ethereum Blockchain.  Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that’s also embedded in the blockchain. The company has gained a lot of attention as they were one of the pioneers and hence hold value in the community. Many people and investors and been trying hard to acquire the art. The pieces can be purchased on larvalabs.

    Recently the sale of CryptoPunk has soared high as Visa a credit-card company has entered the market by buying one of the art by CryptoPunks. The news was released on Twitter via their official handle it read:

    “Over the last 60 years, Visa has built a collection of historic commerce artifacts – from early paper credit cards to the zip-zap machine. Today, as we enter a new era of NFT-commerce, Visa welcomes CryptoPunk #7610 to our collection.“

    Figure 1 CryptoPunk #7610 bought by Visa
    Figure 1 CryptoPunk #7610 bought by Visa

    “We think NFTs will play an important role in the future of retail, social media, entertainment and commerce,”

    Cuy Sheffield, Visa’s head of crypto, said in a company blog post. Visa wanted to “signal our support” for people involved in the NFT market, Sheffield said.

    Visa has bought the piece for a price of $150,000. Now if you are new to the world of NFT or the crypto market itself, this might sound like a big number to you. But here NFTs have been sold for way much more than that. The most expensive NFT ever sold is “Everydays – The First 5000 Days”  and it sold for a massive price of $69,000,000.

    What is the whole deal with buying these?

    A lot of people are trying to get their hands on NFTs and the market is continuously growing. Some people are buying these because they are collectors and are art enthusiasts. Some others consider it an investment opportunity and have plans to sell it in the future when its price increase more.

    More and more giants are entering the field and it can be said that blockchain technology isn’t going anywhere soon.

  • Cardano to touch $3 soon

    Cardano (ADA) was founded back in 2017 by Charles Hoskinson the co founder of Eth network as well. Cardano is being considered as one of the leading alts being ranked as #3 after Bitcoin and Ethereum. The aim of this project is to allow “the people having broad mind, who are behind innovations and change makers” to bring out a global change in a positive manner.

    The Ada token is designed to ensure that owners can participate in the operation of the network. Cardano is one of the biggest blockchains to successfully use a proof of stake mechanism which is far better than the algorithm relied upon Bitcoin.

    Current Market Position

    According to coinmarketcap Cardano is being traded at the rate of $2.89 currently with an increase of 2.15% in the last 24hrs. The total volume has surpassed $8,223,372,078 in the last 24 hrs. the market dominance is about 4.32% which is incredible. like many, it too works on Binance smart chain.

    Some famous entrepreneurs consider Ada to surpass Ethereum in the long run. As its on the watch list of many traders, what possibly can be expected from this token in the coming days?

    Technical Analysis

    Ada recently made a new all time high becoming one of the biggest cryptos to hit record after a $1 trillion crash. The price in the coming days is expected to reach $10.

    Recently on 22 August 2021, Ada broke the all time high putting the value to $2.889. The price has pumped up enormously in the back few days resulting in getting focus on big investors. As the price has made a new high, it is difficult to get an idea from where the price could possibly do the correction. but using the tools, the fibo extension shows a level of $3.0866 for the price to reverse. Right now the market is high and it is never a good idea to buy price at high, as it has made its way to near $3, it is very likely for the price to do its correction in order to go up. talking about where the price can possibly end its correction and which levels are great for buying the tokens, we have to look into the structural zones. which are from $2.5207 to $2.3806 and from$2.1239 to $1.8963.

    Shorting this mighty momentum is not a great idea, so in order to get a conservative entry, the structural points are best as they also align with fibo retracement levels.

  • How Luna coin left everyone in awe

    How Luna coin left everyone in awe

    The coin that has everyone thinking “Why didn’t I got in?” is Luna. Terra and their amazing project has got everyone on hot seats. The coin is continuously creating All Time High’s and not showing a sign of weakness as the true Potential of Luna has been recognized b the community. Luna is such a good and amazing project that I wouldn’t be surprised if it touches $100 soon.

    Movement of the LUNA Coin

    Luna is currently being traded at a price of $33.78 with an increase of 15.65% in the last 24 hours and an overall increase of 31% in the past 7 days. The coin broke its previous All Time High at a price of $24.40 before dropping to around $3.9 during the crash. This crash resulted in a lot of talks because Luna acted as one of the most volatile coin in the market. But it left people in disbelief when it rallied again. Where a lot of coins are struggling to recover even 1/4th of the price they had before the crash, Luna has rallied a lot. Solana $Sol is also one of the coins that went on to create new highs and reach a price of $82.

    About Terra

    TERRA is the company that uses Luna as a native token for supporting its network was launched in 2018 and LUNA was launched in 2019. Luna is a governance token that supports the whole Terra ecosystem. From minting the stable coins (UST is the most famous in the Terra network) to the processing of transactions, LUNA is the back for the whole system.

    Terra’s main focus is stable coins. Stable Coins are coins that have their values pegged to the real life and commonly used asset or currency. Probably the most famous is Tether (USDT), a coin that has its value in sync US Dollar. People and investors use these stable coins to secure profits as their values don’t fluctuate so there is no risk of sustaining damage.

    The network is secured by Proof of Stake Consensus, where the holders’ stake to validate transactions and receive rewards on the amount of Luna they had staked. Terra has been audited by Certik in 2019. The network has recently collaborated with Solana, Binance Smart Chain, and Ethereum with the launch of Wormhole. A cross-chain messaging protocol.

    It is safe to say that people are digging into the project and finding worth it.

  • EcoFi and Real Life NFTs

    EcoFi and Real Life NFTs

    Over the time blockchain network has evolved and gave us new ideas on how the technology can be utilized. The idea of NFT came about.

    Non Fungible tokens have discreet transaction details that can be used to purchase digital art, music, and other assets. The owner has the rights to the original piece. Even though you can simply download the art associated with the NFT but the process offers you what others don’t have i.e. ownership. Websites like OpenSea and Rarible offer NFT purchase and selling.

    But NFTs were limited to digital pieces whether it is music or art or anything else. That is where EcoFi comes in.

    EcoFi is building a network that is allowing the purchase of physical and actual art through the help of blockchain technology. The project has been highly praised in the crypto community and has gotten support from many influencers and the crypto community as well as Art enthusiasts.

    The thing that is even more amazing is the fact that they are featuring art from some of the most amazing Artists that we have ever seen. Artists like Vincent Van Gogh, Pablo Picasso, and Andy Warhol have their arts available on the EcoFi platform.

    How Does the Platform work?

    In order to start, you need to connect your ERC wallet with UniSwap and purchase EcoFi by swapping Eth.

    Their NFTs can be bought and sold at HYPEROBJECT. It is an NFT gallery space founded in 2020. In order to buy and sell NFT, you need SPRT token. This can be done by staking your EcoFi.

    About the Coin

    According to the official sources, the distribution is as follows:

    • 10% Team
    • 10% Platform Development
    • 10% Private Equity Investment
    • 60% Community Offerings and Liquidity
    • 5% Marketing
    • 5% Overhead and Support

    According to Coingecko, the all time low is $1.30 on 29th July 2021. Currently, the EcoFi is being traded at a price of $15.02 and had a decrease of 18.5% in the last 24 hours. Overall this is almost an increase of 1000% in a month alone.

    In an AMA, when asked about the future of EcoFi, Kevin Monahan who developed the Block Chain said:

    “We’re working on doing certs of Authenticity on blockchain via nft, which would eliminate a huge part of the forgery market. Digital/ar skins, Fashion, music, and real estate. . .”

     

    We can expect huge development in the project.

  • What is Biotechnology and what can investors expect from it?

    What is Biotechnology and what can investors expect from it?

    Biotechnology is essentially the use of biology to develop products and technologies that help improve human life and protect the environment. The technology harnesses cellular, biomolecular, and molecular processes through which lives can get better and contribute to improving the health of planet earth.

    Biotech has been used to make useful food products such as bread and cheese since the last 6000 years. Nowadays, we use these processes to preserve dairy products in the form of curds and butter.

    In the modern era, biotechnology offers breakthrough products and technologies to not just reduce our environmental footprint, it feeds the hungry, uses less and cleaner energy, and produces more safer and efficient industrial products.

    BUILDING A HEALTHY WORLD

    As a result of harnessing nature’s own toolbox and using our own DNA, biotechnology contributes to healing the world in so many ways, such as reduction in infectious disease rates, saving lives of thousands of children. It helps eliminate serious, life-threatening conditions that affect millions of people around the world. Biotech optimizes health outcomes by adapting treatments to each individual’s needs. Biotech is not just constantly developing tools for the detection of disease with greater precision, it is helping overcome serious diseases and everyday threats faced by the developing world.

    MAKING WORLD A BETTER PLACE TO LIVE

    The Biotechnology industry makes use of biological processes such as fermentation and biocatalysts such as enzymes, yeast, and microbes to create microscopic manufacturing plants. Through the advancement of biotechnology, chemical manufacturing processes can be streamlined by 80-90%. It has made cleaning clothes possible at a lower temperature and saving as much as $4.1 billion annually. Biotech technology has reduced operating costs by 50% or more by improving manufacturing process efficiency. Through the use of biotech we are weaning ourselves off petrochemicals. Biotechnology is making this world a better place to live by not merely helping cut greenhouse gas emissions by almost 52% through using biofuels, it has helped reduce the water usage and waste generation.

    IMPROVED FOOD QUALITY AND PRODUCTION

    The biotechnology sector contributes to improved insect resistance, herbicide tolerance, and environmentally sustainable farming practices. Growing crops with fewer inputs while producing higher yields. Biotech is actively feeding the world through the use of fewer agricultural chemicals-reducing runoff of these products into the environment. By using biotech crops, farmers are able to reduce pesticide applications and the amount of time they spend tilling their fields. Biotech has enabled producing crops with enhanced nutritional profiles that can correct nutrient and vitamin deficiencies. Biotech also ensures the absence of allergens and toxins, such as mycotoxin, in everyday food.It has enhanced the nutritional value of vegetable oils and food products.

    FINALLY,

    The biotechnology industry has produced over 250 health products and vaccines, many for diseases previously untreatable. In addition to increasing yields and reducing pest damage, agricultural biotechnology is used by more than 13.3 million farmers worldwide. Throughout North America, around fifty biorefineries are being built to test and refine biofuel and chemical production technologies using renewable biomass. This will assist in reducing greenhouse gas emissions. The biotechnology industry continues to develop. As a result, we are better prepared to face society’s most pressing challenges.

    BIOTECH INDUSTRY FOR INVESTORS

    Investing in biotech is very different from investing in other industries. Due to the extensive research, development, and testing of biotech companies, they usually have high operating costs. Meanwhile, Regulatory roadblocks can interrupt the introduction of new products; for example, some countries prohibit GM plants, and US FDA (Food and Drug Administration) approval can be a lengthy and costly process. Hence, Biotech investments can be very risky, to be precise.

    To invest in biotechnology, however, investors do not have to own individual company stocks. To invest in biotech, one of the easiest methods is to buy an exchange-traded fund (ETF) or find a list of biotech stocks to buy in one of the previous articles. Investors can obtain a diversified portfolio of biotech companies in a single trade from these funds.

  • Will Nano coin continue going up?

    Will Nano coin continue going up?

    Nano is a crypto token that is used to encourage secure, instant payments, without any sort of fees. Nano coin was founded by ColinLmahieu who had experience in tech industries namely dell, AMD, Qualcomm this project was first introduced in 2014 under the name of raiblocks. users used to complete captcha in order to obtain tokens at first. in January 2018, it was renamed Nano. It is a platform through which users can easily transfer value without relying on centralized mediums. It is designed to be fast doing most transactions within less than a second.

    Nano coin is currently being traded at $7.11 with an increase of 14% in the last 24hrs. it is ranked as #99 on coinmarektcap. The trading volume has increased more than 900% in the last 24Hr reaching an immense value of $225,013,834.

    Technical analysis:

    The market has reversed from a strong bearish trend recently, and buyers now seems to be interested in it. the market recently on 7 August 2021 broke a structural high putting the market in a bullish trend. The momentum day by day seems to be getting strong, as consecutive bigger bullish candles are being printed. The price recently on 22 August pumped quite much breaking previous Higher High indicating a continuation of the trend.

    But this definitely doesn’t mean to go long as if we check BTC chart, we are testing a strong zone and the probability for the market to bounce below is a little higher. so as a correlation it can be expected for this market to show some pullback as well. Moreover, the price itself is showing a need to do correction as the impulsive move hasn’t been mitigated even till 61.8 level of fibbonaci.

    Chances of a Pullback

    Talking about the pullback that where it possibly can be end and where is the best entry to hop in, the support and structures shall be determined. the zone from 5.158 to 4.5361 seems to be a great area for a pullback to end as its a confluence of fibbonaci as well as the structural low. It’s very likely that if it shows pullback, we can expect a new impulsive move to the upside.

    Now changing bias and talking about what can possibly be happen if a pullback doesn’t occur. If the market doesn’t shows any signs of reversal and breaks 7.9348, the market is likely to break the resistance zone marking from $8.9400 to $9.5623.

    Keeping it mind that as BTC is rejecting its very likely for Nano to pullback at least to the fibonnaci zone.