Hot New NFT Just Hit Our Watchlist
Welcome back to the Rude Awakening for Wednesday, March 24, 2021.
The market looks to be powering back up again after a pretty big dump yesterday afternoon, likely brought on by comments from the Fed.
Nevertheless, it shows how scared this market is right now…
And how significant the 50day MA is as a line in the sand.
We’ll see what today brings.
But for our purposes, I have another interesting trading opportunity for you all today.
Speculative Opportunity on This Hot New NFT
Let’s be very clear: this is a SPECULATIVE opportunity.
There are so many headlines and so much sentiment out there right now from everyone who thinks they’ve MISSED TSLA, missed Bitcoin, missed all the short squeeze stocks…
I have one for you today to, if nothing else, just watch…
Let me share the expert research I’ve done to find it…
It really is about NFTs — non-fungible tokens.
If you don’t know what this is, CNN gives a pretty simple definition: “An NFT is a unique digital token which effectively verifies authenticity and ownership. It is encrypted with the artist’s signature on the blockchain, a digital ledger used in cryptocurrencies such as bitcoin.”
These have become a HUGE area of interest in the marketplace.
The one we’re talking about today is Cinedigm Corp. (CIDM). It’s always been a rather cheap stock, trading most of the past year below a dollar.
Then, yesterday, it bounced up to over $2.
Find out more about this NFT play when you watch today’s video…
Have a great trading day, folks.
Talk to you again tomorrow.
Editor, Rude Awakening