Monday Top Performer: Riding the Blockchain Boom
Major market indexes are up so far today, recovering after a broad-based retreat last week. This trading week will be shortened by the Thanksgiving holiday, and investors reacted to some positive earnings news while remaining cautious relative to the murky outlook for US tax reform.
Today, our Top Gainer comes from one of the trendiest areas for investors: blockchain technology. Whether they are blockchain evangelists or skeptics, News Quantified users can use the trading momentum from news events related to this emerging technology to harvest reliable same-day profits.
Social Reality, a digital marketing and customer-data management platform, jumped as high as 27% today after providing an update on its new Blockchain offering. Announced this quarter, BIGToken is a “Blockchain Identification Graph” software. This Tuesday, they published a video interview with their CEO, providing new levels of detail on the product.
BIGToken plans to begin rewarding consumers for the personal marketing data they choose to share with commercial enterprises. SRAX plans to use a decentralized blockchain platform to monitor and reward data contributions. In theory, such a solution could transform digital marketing data gathering.
SRAX has fallen substantially in the last two years, but investors see potential in this new product line. The stock had consolidated at gains around 20% at the time of this writing.
On a relatively quiet news day, this long play led the pack. Investors remain fascinated by the potential breadth of commercial applications for blockchain-related software.
Diverse Plays, Great Profits: All in a single news day.
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