STOCKS TELEGRAPH

Tag: DAO

  • Youdao, Inc. (DAO) Stock Plummets Following Increase in Chinese Government Regulations for Educational Institutions

    Youdao, Inc. (DAO) stock prices plummeted by 29.58% shortly after market trading commenced on July 26th, 2021, bringing the price per share down to USD$8.95 early on in the trading day.

    New Guidelines for DAO Stock

    July 24th, 2021 saw the General Office of the Communist Party of China Central Committee and the General office of the State Council collaboratively issue a set of guidelines. These guidelines aim to reduce the prevalence of excessive homework and after-school tutoring for students receiving compulsory education.

    Guideline Restrictions

    The guidelines will require all institutions offering online after-school tutoring on academic subjects in compulsory education register themselves as non-profit organizations. The institutions are also required to obtain approval from the relevant regulatory authorities. The guidelines also made it compulsory to comply with various operational requirements in regard to class hours, faculty qualifications, tuition standards, advertising, and others.

    DAO Stock Explores Alternative Funding

    Furthermore, the guidelines prohibit any and all institutions from generating capital through stock exchange listings or other capital-related activities. Also prohibited are foreign investments in school curriculum-based tutoring institutions through variable interest entity arrangements, mergers, and acquisitions. Companies that are listed are prohibited from raising capital through equity offerings, with violations already having taken place expected to be corrected as appropriate.

    Working to Maintain Compliance

    While the interpretation and implementation of the guidelines are not yet completely concretized, they are expected to have material impacts on DAO stock’s K-12 course business, financial condition, and corporate structure. The company continues to investigate ways to comply with the newly introduced requirements for its K-12 course business. It will also continue to work with regulatory authorities in a bid to improve operations while staying in strict compliance with all laws and regulations. DAO also hopes to fulfill its social responsibilities, facilitating the provision of high-quality, innovative products and services to its customers. This will promote the long-term development of the education industry in China.

    Future Outlook for DAO Stock

    With an expanding umbrella of regulations and restrictions that they now have to maneuver, DAO stock is poised to capitalize on the disruption caused in the marketspace. The company is keen to regain and maintain compliance in a big to consolidate and expand its market footprint. Investors are hopeful that management will be able to effectively generate funds to fund the continue trajectory of the company’s success.

  • Maker (MKR) coin predicted to reach 19k

    Maker (MKR) coin predicted to reach 19k

    Maker (MKR) established its all-time high at $6,012 during the beginning of May but before it could retest the ATH resistance, the market crash occurred. At the time of writing, Maker coin stands at a price level of $3,869. The price has moved up since the low of the bear market and is showing upside movement in the daily timeframe. Although, the daily trading volume has fallen by nearly 50%.

    Maker crypto’s market sentiment is bullish – which is not an easy feat to achieve amidst the bear market. Out of the twenty-six technical indicators, ten are giving out a signal of buy, nine are standing at a neutral position while seven are indicating sell. The oscillators are neutral while the moving averages are majorly bullish. The indicators suggest Maker crypto may soon reverse the loss it had experienced in the bear market.

    Maker crypto future

    MakerDAO is a lending platform based on the blockchain of Ethereum. The project is believed to possess great potential. The DeFi platform has observed phenomenal growth in 2021 – making into the limelight. MakerDAO reached a new milestone in 2021 as the organization cross $200 million in annual income. The figure is an estimation based on the current performance but for comparison’s sake, the income averaged at $19 million in January which means a nearly 1000% increase.

    For cryptocurrency, the future projections are more than bullish. Per the estimates of Wallet Investor, Maker crypto is expected to be at a price level of $6227 in a year’s time while the five-year projection estimates Maker at $19,103. Digital Coin Price also predicts high growth in the cryptocurrency’s price. The one-year price prediction places Maker at $5,722 while the five-year prediction is at $18,123. Suffice it to say, the future has great things in store for MakerDAO and MKR.