Greenpro Capital Corp (NASDAQ:GRNQ) Stock Gains Momentum: Jumps 5%
Greenpro Capital Corp (NASDAQ:GRNQ) was up 5% after the company announced that Dignity Corporation had selected CryptoSX Digital Asset Exchange as its trading and listing exchange from DIGau Security Token.
Market Stats
On Tuesday, GRNQ stock moved up 5% at $1.05 with more than 11.10 million shares, compared to its average volume of 13.33 million shares. The stock has moved within a range of $1.0000 – 1.1500 after opening trading at $1.07.
Greenpro’s CryptoSX to List DIGau Security Token
With at least of $6B in gold reserves in the US, the DIGau token listing allows investors to participate in the precious minerals industry in the US. This adds a layer of security that isn’t present in other digital assets or cryptos. CryptoSX has been changing the conventional investor perspective through Security Token platforms development for the past three years and has finished ten STO projects with accreditation from the Philippines’ Cagayan Economic Zone Authority (CEZA).
CryptoSX CEO Philip Tam said that Dignity has opened up opportunities for securities investment in the precious metal sector. However, Tam said that digital currencies are high-risk investments that make real value creation challenging. On the other hand, Greenpro CEO Dr. Lee said that STO is an efficient alternative financing method in the fast-growing crypto sector. So, in the coming days, GRNQ is worth watching.
Key Quote
“Dignity has created security investment opportunities in the United States’ precious metal sector,” said Philip Tam, Founder & CEO of CryptoSX. “Digital or cryptocurrencies are a very high-risk investment and therefore creating real intrinsic value is difficult. Dignity bridges the gap by following the same standards required by all publicly traded companies. This is perhaps the most important contribution to the ultimate success of DIGau Token.”
Traders Corner
GRNQ stock is trading above the 20-Day and 50-Day Moving averages of $1.02 and $0.85 respectively. However, the stock is trading below the 200-Day moving average of $1.46. The stock is up 43% in the past 3-month.