What happens to a company’s share price when it gets into crypto

Cryptocurrency is capturing the attention of the world’s investors.

This is demonstrated by the massive increase in share price of companies which have adopted cryptocurrency terminology in their names.

Many listed companies have integrated terminology such as “blockchain”, “fintech”, and “crypto” into their names in recent months – and their shares have skyrocketed.

While several of these companies plan to expand into the fintech and blockchain industries, others have simply capitalised on the hype around cryptocurrency.

An example of the latter is a company formerly known as SkyPeople Fruit Juice – which changed its name to the crypto-friendly “Future Fintech Group”.

Future Fintech Group continues to manufacture and sell packaged fruit and juices, and plans to expand its kiwi and orange plantations in the coming year.

Good examples of companies that saw massive increases in share price after adopting fintech and blockchain names are listed below.


The Crypto Company

  • Previous name – Croe Inc.
  • Previous price – $12.00
  • Current price – $174.00
  • Percentage increase – 1,350%
  • Peak – $642.00

Crypto Co


Future Fintech Group

  • Previous name – SkyPeople Fruit Juice
  • Previous price – $2.53
  • Current price – $4.42
  • Percentage increase – 75%
  • Peak – $6.24

Future Fintech Group


Nodechain

  • Previous name – Vapetek
  • Previous price – $1.00
  • Current price – $2.99
  • Percentage increase – 200%
  • Peak – $3.70

Nodechain


Intercontinental Technology

  • Previous name – Rich Cigars
  • Previous price – $0.03
  • Current price – $0.28
  • Percentage increase – 833%
  • Peak – $0.70

Rich cigars three months


Hive Blockchain Technologies

  • Previous name – Leeta Gold Corp.
  • Previous price – $0.22
  • Current price – $2.69
  • Percentage increase – 1,123%
  • Peak – $4.27

HIVE Blockchain 1 year


On-Line Blockchain PLC

  • Previous name – On-Line PLC
  • Previous price – $0.23
  • Current price – $1.56
  • Percentage increase – 578%
  • Peak – $2.06

Online BLockchain PLC


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What happens to a company’s share price when it gets into crypto