Liquid Avatar Technologies Inc (OTCMKTS:LQAVF) Stock Picks Up Momentum: Here is The Key Driver
Liquid Avatar Technologies Inc (OTCMKTS:LQAVF) stock was in focus as the stock ended higher on Thursday. The stock has gained about 16% over the past week.
Market Action
In the previous trading session, LQAVF jumped 4% to $0.0280. A total of 119k shares traded for the session hands, well above its average volume of 84k shares. The stock opened at $0.0597 and moved in a range of $0.0552 – 0.0607.
Key Trigger
Liquid Avatar Technologies Digital Wallet Enables Consumer Use of Secure Verifiable Credentials
Liquid Avatar Technologies announced a significant update to the Liquid Avatar Verifiable Credential Ecosystem (“LAVCE”), which is the Liquid Avatar Wallet. This digital wallet will be part of the upcoming release of the Liquid Avatar Mobile App, available in the Apple App Store and on Google play, which is currently under review for release.
This downloadable digital wallet enables consumers to use verifiable digital identity credentials anchored in blockchain technology that are resistant to fraud, highly secure, and privacy preserving.
The Liquid Avatar Wallet unlocks a new way of issuing, sharing, and verifying information, providing immediate benefits to businesses and organizations. Businesses of all sizes can now interact with customers in a way that provides the highest level of assurance that the information shared is valid, while also preserving privacy and preventing fraud.
Key Quote:
“One of the key benefits of the LAVCE and the Liquid Avatar Wallet that I feel very strongly about is that it increases value for all parties,” said David Lucatch, CEO—Liquid Avatar Technologies Inc. “While we’ve all been keenly focused on health verifications, there is so much more that verifiable credentials and the Liquid Avatar Wallet can do. Age verification is a critical issue for those that sell restricted products and failure to do so can lead to loss of opportunity to sell a variety of products and potentially loss of income and business. The potential risks of identity fraud are constant and can be costly. We’re making this kind of verification reliable, hassle free, and low cost. That’s step one. And if we then integrate verifiable credentials with point-of-sale systems, selling restricted items to underage customers could be effectively eliminated.”
Trader Notes:
AMHG stock has underperformed recently with a fall of over 25% in the past 6-month. On the technical basis, the stock is trading below its 50-day and 20-Day SMA stand at $0.53 and $0.54 respectively. Moreover, RSI at 46 signals that the stock is trading near the neutral zone.
