Categories: CryptoNews

ASX-Traded Blockchain Company DigitalX Gains Over 11% In Valuation

When looking at the Google Finance statistics, one often comes across some interesting information. DigitalX Ltd, a company active in the world of blockchain technology, has seen its stocks go up by 11.11% all of a sudden. This is quite noteworthy, considering how the majority of assets and stocks around the world are on the decline.

DigitalX Peaks Green In ASX Sea of Red

The Australian Stock Exchange has been taking a lot of hits over the past few days. All of these declines are a direct result of the Brexit. As most people are well aware of, Australia is under the UK umbrella, and any decision made in Europe will affect the region. Hence, stock declines left, right, and center.

DigitalX is one of the blockchain companies being actively traded on the ASX. In fact, they are also one of the very few companies who gained in value, instead of seeing sideways or downwards action. So much even, that DigitalX is up by over 11% for today, which is quite a significant gain.

Bitcoin enthusiasts will know the name DigitalX as the company focuses on developing blockchain-based software solutions. Among their products are AirPocket, a money transfer platform, and DigitalX Direct. This latter one is kind of interesting, as it is designed to provide real-time Bitcoin liquidity to commercial operators and institutional investors.

Related Post

DigitalX is a publicly traded company on the ASX, and they seem to be gaining momentum in the market. Investors all over the world are looking for new opportunities, and blockchain companies tend to do well over time. Interestingly enough, their 11.11% gain comes at a time when the ASX 200 lost 0.66%.

Whether or not this means investors will flock to blockchain companies on stock markets, remains to be seen. This may have been a one-off for all we know, and it is hard to judge what will happen next. But it is an interesting turn of events; that much is certain.

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Top 5 Metaverse Coins to Buy on Crypto.com

Metaverse coins are all the hype in crypto these days. As traders are looking to…

4 hours ago

Decentraland Price Up 25%, Market Cap About to Surpass the #1 Metaverse Project

Decentraland price is up over 25% today, making it the biggest gainer on Crypto.com. With…

10 hours ago

3 Awesome Meme Coins You Probably Haven’t Heard Of

With the absurdly high amount of different meme coin projects on the market, it's hard…

11 hours ago

Why Decentraland Is the Best Metaverse Project on the Market

We've been covering a wide variety of metaverse coins the last couple days. There are…

14 hours ago

Ushering in a Brand New Ecology in Game: How Does HashLand Become a Vanguard to Guarantee Floor Value?

For some time in the past, Gamefi was criticized by many people as a lofty…

1 day ago

Robinhood Shiba Inu Listing Not Happening This Year, Especially After the Recent Security Incident

With Robinhood's recent security incident that leaked over 5 million users' names and email addresses,…

1 day ago

This website uses cookies.