CurrencyWorks Inc. (OTCMKTS:CWRK) Stock Falls: Company to Release The Latest NFT Pack

CurrencyWorks Inc. (OTCMKTS:CWRK) dropped 5% after announcing that the Motoclub platform will release a new NFT pack, “Prestige Pack”, in the Barrett-Jackson Houston 2021 Collector Series.

Market Stats

On Thursday, CWRK stock fell 5.95% to $0.2069 with more than 48K shares, compared to its average volume of 308K shares. The stock moved within a range of $0.2068 – 0.2500 after opening trading at $0.2270.      

CurrencyWorks Motoclub Reveals Prestige Pack Drop for Barrett-Jackson Houston 2021 Collector Series

In September last year, Barrett-Jackson’s maiden Houston Auction featured most of 2021’s best collector automobile sales, with several incredible cars crossing the block, and provided more content prospects for CurrencyWorks’ Motoclub program to collect and mint as valuable NFTs. The Houston 2021 Collector Series was released at the beginning of the month, with the “Premier Pack” opening to excellent sales. Motoclub plans to release a second pack, the “Prestige Pack,” on March 1, 2022

Each “Prestige Pack” will have a mix of NFTs dependent on the sale of four hand-chosen cars at the Barrett-Jackson Houston Auction in 2021. Four cars highlighted as NFTS on the platform’s “Prestige Pack” include 1967 Ford Mustang Custom Coupe, 1956 Ford F-100 Big-Window Custom Pickup, 1970 Chevrolet Chevelle SS 454 and 2019 Chevrolet Camaro ZL1 Hennessey Custom Edition “Exorcist.” So in the coming weeks, CWRK is worth watching. 

Key Quote

Executive Chairman of CurrencyWorks Cameron Chell said: “We were thrilled with the sales of our ‘Premier Pack’ drop; the feedback from collectors within the NFT has been incredibly positive. The Motoclub team works hard to ensure desirability and collectability are at the core of all of its content, key elements that will not only drive initial sales, but also help promote healthy secondary trading too.”

Traders Corner

CWRK stock is trading below the 20-Day and 50-Day Moving averages of $0.22 and $0.26 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.56.