BABL Closed Up 308.40% Yesterday, Amid Plan To Launch An NFT Marketplace.
Buildablock Corp., (OTCMKTS:BABL) caught the attention of the entire OTC Market yesterday with a huge close up 308.40% after a long term period of near 0 volume over the course of the past year. It has now seen a run up as much as 6,000% in just one week from $.001 last week to yesterday’s high of $.061. The eventual close at $.0535 yesterday still means that it still holds a 5,250% gain from that recent low.
This Is Why BABL Has Seen Such A Huge Run In The Past Week:
BABL was previously a completely dormant company with no notable news updates since 2014 until a major surprise last week on October 5th 2022, when investors recognized that the company updated its corporate profile description on OTC Markets and had its account verified. The new description showed that the company is now the “NFT Marketplace Ltd, a UK company that provides a peer-to-peer marketplace for crypto collectibles and non-fungible tokens. This includes collectibles, gaming items, and other virtual goods transacted on Binance Smart Chain (BSC) and Ethereum Blockchain. A complete one stop shop for minting, trading, storing and selling an NFT.”
The Company Is Making A Deep Dive Into The World Of NFT’s And Crypto:
The NFT Marketplace Ltd has launched a website with information and videos pertaining to its planned NFT marketplace at https://www.thenftmarketplace.io/ with plans for the full launch of the fully functioning marketplace expected to launch on 11/1/22. The site as stated by the company will allow for full peer-to-peer transactions of NFT collectibles not limited to art but also gaming items and other virtual goods.
BABL has suddenly garnered huge interest due to the recognition among penny stock traders, that NFT’s are a new and quickly growing market and the company has stated intention to build this NFT marketplace into the largest one in the world. Naturally with this marketplace still being in the pre-launch phase, BABL remains a very risky play, especially when considering how exponentially it has gained in just a single week in the midst of a bear market but it the company does so manage to build its marketplace into the largest NFT marketplace, the growth potential would likely be unheard of with respect to current market cap.
There is massive growth potential here but we still suggest operating with caution with respect to the wild volatility of this one.
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