Sunday, December 5, 2021

Takung Art Inc. (TKAT) stock is rising by 16.77% in afterhours. Why is it so?

Takung Art Inc. (NASDAQ: TKAT) stock jumped high by 33.01% during the last trading close while the stock rises by 16.77% in after-hours after the news came out regarding NFTs which are digital files saved on blockchain like art, video audio, and many such files. NFT is a digital ledger technology that strengthens cryptocurrencies like Bitcoin. Takung Art encourages China’s Middle to invest in fine arts and collectibles through its three major platforms which are Takung Unit, Unit+, and Takung Online. All three platforms serve different significant purposes.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


What is happening?

TKAT stock price had risen for about 23% as per the latest record whereas it has shown a rise of 600% in the last five days. TKAT is the only art company that is directly involved with NFTs and quite recently it has been recorded that some of the NFTs were already sold for millions of dollars. TKAT stock price has shown some promising outcomes, the Takung Art stock price jumped from less than $4 per share to more than $27 per share today. This happened just at the same time a digital piece of art was sold at nearly $70 million in the last week.

What is the hype about NFTs?


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


The publicity and potential around NFT is always high, and it’s strangely close to when cryptocurrencies that are also focused on blockchain, first gained acceptance many years ago. Among art-related companies, TKAT is the only one working in the NFT space. The boost that NFT (non-fungible tokens) has gotten is spreading to equities and the investors are showing their interest in the online art trading platforms and companies that are making promising NFT- related announcements. NFT, a digital asset is authenticated by blockchain.

Conclusion

The enormous interest around NFTs has hyped up during the time of pandemic because people were spending a good reasonable proportion of money on artworks and anything that was available online, with some selling their stuff for literally tens of millions of dollars. During this time TKAT has definitely created a good market especially because of its connection with NFT. Investors are definitely interested in buying TKAT stock during this time.

Latest news

What the Analysts Are Forecasting for Ulta Beauty Inc. (ULTA) Earnings

The third quarter results of Ulta Beauty Inc. (NASDAQ: ULTA) are expected to be released this week. Investors anticipate that the company's yearly sales...

Handle With Care: Intuit Inc. (INTU)

Intuit Inc. (NASDAQ: INTU), a manufacturer of accounting and tax computation software, has revealed its first quarter results for the fiscal year 2022. Management...

Longeveron Inc. (LGVN) stock sky rocketed during after-hours. Here’s to why?

Longeveron Inc. (NASDAQ: LGVN) stock gained by 135.27% at last close however its hiked by 50.95% in the after-hours trading session, as well. Longeveron...

Is Ford Motor Company (F) stock a better pick right now?

Ford Motor Company (NYSE: F) recently announced its third-quarter results, raised its full-year profits outlook, and resumed dividend payments. Ford has great aspirations for...

Related news

What the Analysts Are Forecasting for Ulta Beauty Inc. (ULTA) Earnings

The third quarter results of Ulta Beauty Inc. (NASDAQ: ULTA) are expected to be released this week. Investors anticipate that the company's yearly sales...

Handle With Care: Intuit Inc. (INTU)

Intuit Inc. (NASDAQ: INTU), a manufacturer of accounting and tax computation software, has revealed its first quarter results for the fiscal year 2022. Management...

Longeveron Inc. (LGVN) stock sky rocketed during after-hours. Here’s to why?

Longeveron Inc. (NASDAQ: LGVN) stock gained by 135.27% at last close however its hiked by 50.95% in the after-hours trading session, as well. Longeveron...

Is Ford Motor Company (F) stock a better pick right now?

Ford Motor Company (NYSE: F) recently announced its third-quarter results, raised its full-year profits outlook, and resumed dividend payments. Ford has great aspirations for...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam