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Is Blockchain Inc (OTCMKTS:OBTX) Stock Ready to Hit New High This Week?

Jon Williams , , , ,

Over the course of the past months, companies involved in the blockchain and cryptocurrency sectors have seen their stocks come into considerable focus due to the rising popularity of cryptocurrencies as well as blockchain technology.

This morning the Everything Blockchain Inc (OTCMKTS:OBTX) stock is in the middle of a strong move after soaring 39% on Friday. The rally in the stock came about after the company announced that it appointed a new Chief Operating Officer in the form of Toney Jennings. The appointment of a new Chief Operating Officer is a major development for any company and it seems that the market is excited about the candidate as well.

However, it should be noted that it was not the only appointment announced by Everything Blockchain this morning. The company announced that Brandon Hart is going to be the new Chief Technology Officer and will also be inducted into the Board of Director of the company.

He is going to replace Robert Adams in the position of Chief Technology Officer. The rally in the stock has been quite strong this morning and it is now going to be interesting to see if the momentum is sustained.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.