This month’s Stock Challenge has been a rollercoaster, to say the least; member ‘Rainendown‘ is back in first-place with member ‘Brice‘ following behind in second and member ‘allen‘ in third! While last month’s Stock Challenge Champion ‘avispa‘ may still be able to pull it out of the fire and become a back-to-back Stock Challenge Champ, he’ll now have to climb back up from fourth place due to Integrated Ventures Inc.’s (OTCQB: INTV) volatile share price.
June 27, 2019 Stock Breakouts and Breakdowns
Gopher Protocol Inc. (OTC PINK: GOPH)—a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies—had the biggest breakout of the day, rising +36.9% from $0.09 to $0.12 on strong volume of roughly 1.8 million.
Just today, Gopher Protocol announced that it had closed an agreement with Genesis Blockchain Technologies (GBT).
Via Globe Newswire,
“Both companies [Gopher Protocol and Genesis Blockchain Technologies] will be working on plans to potentially expand the services and geographic coverage of their financial services . . . Building on Gopher’s wireless mesh network technology and GBT software development abilities, the companies intend, as business partners, to pursue new markets such as government work — military, fire, rescue – and air- and space-based systems for drones, aircraft and LEO (Low Earth Orbit) satellites, potentially forming a high-performance global wireless mesh network.”
Pablo Gonzalez, GBT’s founder and CEO, demonstrated striking honesty when discussing the new partnership between Gopher Protocol and Genesis Blockchain Technologies:
“Gopher is in stormy waters these days and who knows what the future holds,” said Pablo Gonzalez, GBT’s founder and CEO.
Although Gopher certainly appears to be in “stormy waters” (Gopher’s stock is down 95.77% from its year high of $2.84), perhaps its partnership with Genesis Blockchain Technologies can turn things around.
Speaking of stormy waters, Integrated Ventures Inc. found itself taking home the biggest stock breakdown of the day, losing 26.32% to fall from $0.19 to $0.14. As a technology holdings company with a focus on the cryptocurrency sector, Integrated Ventures seems to be particularly sensitive to Bitcoin-related developments.
And unfortunately for Integrated Ventures, the past two days have not been kind to the world’s most popular cryptocurrency.
“Bitcoin’s price continued a downward trend Thursday, falling nearly $1,000 in a 20-minute period according to data from Coinbase Pro . . . While the price briefly stabilized, it fell as far as $10,346, according to Coinbase data . . . The latest slump coincided with massive losses in the price of the overall cryptocurrency market, with the majority of the top 100 cryptocurrencies by market cap seeing their prices fall as well.”
Only one trading remains in the June 2019 Stock Challenge… will avispa return to first-place in the final hour and become a two-time Stock Challenge Champion, or will it simply be a battle between the Top 3? We’ll soon find out!
The July 2019 Stock Challenge will commence in 3 days, so be sure to sign up and reserve your picks now if you haven’t already!