Favored, Inc (OTCMKTS:FVRD) Is A Cryptocurrency Mining Penny
Stock Play, That Has Gained Over 2,300% In Less Than 3 Months!
Favored, Inc. (OTCMKTS:FVRD) is a small OTC stock holding company, that has been seeing massive growth lately as a result of their making an aggressive move into the field of ICO's (Initial Coin Offerings), Bitcoin, and Alternative Cryptocurrency Investments (Alt Coins). Just two months ago on 10/3/17 FVRD closed at $.0012 on 10/3/17. Today it closed at $.0219 which represents a 1,725% gain in about 2 and a half months time. This growth becomes even more impressive when taking into account that a little over two weeks ago on 11/27/17 FVRD saw a high of .0293, representing a gain of as much as 2,341.66% in less than three months!
This company is case and point what we have been talking about on our devoted Cryptocurrency Penny Stocks Page, with regard to the fact that Cryptocurrency investments have hit a fever pitch not only within the coin market itself but within penny stocks trading on the OTC Market as well. We have seen this type of sector-wide fever pitch before, within on of the most notable being our marijuana penny stocks that gained an average of 1,100% per month for four months straight. And while our marijuana stock picks are beginning to hit a fever pitch once again, nothing can compare to the runs that we have seen on our recent Cryptocurrency related updates and alerts coming from within the OTC Market.
The movement that FVRD has been seeing was somewhat foreshadowed by the fact that a note holder allowed the company to retire $580,000 worth of debt in exchange for 5,000,000 restricted shares of the stock, when it was trading at a much lower price. This action left many traders scratching their heads in confusion, due to the fact that the investor would have to see many multiples in gains to break even but since then the company has made further moves, announcing that they decreased the outstanding share count by 150 million and also landed major mining contracts for a multitude of Cryptocurrencies. They announced that they, through Empire Mobile Studios, Inc (Bittraderpro.com) are engaged in mining Ethereum, Zcash and Monero. With the way that this field has been so rapidly expanding, we believe that there will be far more major announcements and growth to come for FVRD, so if you have not already done so, be sure to continue watching it closely. We will have further updates on this and many other Crypto plays being released through our newsletter and penny stock blog updates, so be sure to continue to read up on what we have for you, as things continue to progress.
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