At the stock market’s close of trading yesterday, Ethereum was priced at $211.69. This morning, Ethereum has gained another $21.48 or 10.15% to $233.17!
When NIA’s BTL Group (TSXV: BTL) first broke through its key resistance level of $4.91-$4.92 per share on Thursday of last week and finished that day at $5.10 per share – Ethereum was trading for $177.09.
Ethereum is now up $56.08 or 31.67% from the stock market’s close of trading on Thursday. A gain of 31.67% for BTL from its Thursday closing price of $5.10 per share would value BTL today at $6.72 per share!
Yesterday, BTL soared $0.89 or 18.35% to close at its high of day and a new all-time high of $5.74 per share! BTL could very easily repeat yesterday’s gains between now and the end of this week! With BTL’s 14-day relative strength index (RSI) still below 65, there is a good chance that BTL won’t become technically overbought with an RSI of above 75 until the stock reaches or exceeds $7 per share!
BTL is the only Blockchain/Cryptocurrency stock already generating significant revenue. Last night, BTL filed its 1Q 2017 financial results and reported record quarterly revenue, with quarter-to-quarter growth of 79.1% over 4Q 2016!
BTL started generating significant revenue in 3Q 2016 when it began launching major pilot programs. Keep in mind, most of BTL’s revenue so far has come from consulting fees – as they help multi-billion dollar companies in the financial and energy sectors explore how they can implement BTL’s Interbit technology platform to reduce transaction costs, settlement times, and regulatory/credit risk – by leveraging the power of Ethereum-based smart contract technology together with BTL’s ground-breaking interbank settlement platform over the Blockchain.
BTL’s consulting fees are likely miniscule compared to the revenues it will begin generating in the upcoming quarters. BTL is preparing to officially launch the Beta version of its Interbit platform in July – with BTL’s market strategy to focus on enabling key clients to build their own applications on Interbit directly!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.