Alert Price: $0.41
Float: 15.95M
Technical Analysis
Company Website| | CEO Interview | Recent News
The price of bitcoin is volatile these days, so we apologize if real-time prices differ significantly. As of this writing, bitcoin nearly hit $42,000 per token -- an all-time high -- though it's since cooled off a little. Still, the price of bitcoin has more than doubled in just one month. And its market capitalization is now over $750 billion. Yes, billion.
When something this big goes up this fast, it's bound to attract attention as investors look for hidden ways to profit from the trend.
Small-cap cryptocurrency/fintech stocks have been popular vehicles and many are on the rise!
Just Look At Some These Gains!
Shares of Marathon Patent Group (NASDAQ:MARA) were up +7,392%.
Shares of Riot Blockchain (NASDAQ:RIOT) were up +1,840%.
Shares of Bit Digital (NASDAQ:BTBT) were up +538%.
Shares of Diginex Limited (NASDAQ:EQOS) were up +258%.
We've Just Identified The Next Crypto/Fintech Stock To Takeoff!
Please turn your immediate attention to FDCTech Inc. (OTCQB: FDCT).
FDCT is a fintech company with a full suite of FX and Crypto technology and business solutions.
FDC's technology solutions cover the whole spectrum of needs of any FX or Crypto Broker. Firstly, FDC's Condor FX Pro Trading Platform can be deployed as an off-the-shelf trading platform to enable FX and Crypto brokers to become fully operational within days. Secondly, these brokers can fully customize the back-end configurations to the front-end user interface to other structural adjustments, thus providing a unique trading experience to their clients and eliminate several third-party technology vendors' requirements.
Blockbusters News Could Serve As A Catalyst For A Huge Move This Week
The Company dropped huge news at the end of the week, when it announced that Kammas Trading, which has managed risk for brokers for over 15 years trading aggregate monthly flows above $50 Billion has partnered with FDC to provide a collective offering to include the full suite of technology and dealing desk solutions to forex brokers.
This mutual partnership allows FDC to market and promote its fully customizable proprietary trading platform technology to Kammas' network of institutional clients. Experienced FX dealers make-up Kammas team with decades of experience on major FX bank desks, including managing dealing and trading risks at Bank of America, Merrill Lynch, Goldman Sachs, BNP, Bank Austria, West LB, Bank of New York, and Prudential.
About the Company
FDCTech, Inc. (FDCT) is a fintech company based in Irvine, California, with a full suite of FX and Crypto technology and business solutions. The Company’s flagship product is the Condor FX Pro Trading platform, a fully customizable multi-asset trading platform for forex, crypto, stocks, and commodities. Mitchell Eaglstein and Imran Firoz founded the Company on January 21, 2016, so that 90% of forex brokers can offer a customized and tailored trading experience to their trading clients.
FDCTech (FDCT) Operates in the Massive FX Market-Cryptocurrency, Blockchain Space Which Sees Over $6.6Tril Daily Volume!
With a full suite of FX and Crypto technology and business solutions, FDCTech, Inc. (FDCT), the company’s flagship product is the Condor FX Pro Trading platform, which is a fully customizable multi-asset trading platform for forex, crypto, stocks, and commodities.
This market offers Many Growth and Expansion Possibilities for FDCTech, Inc. to Grow Revenue and Drive Shareholder Value:
Why FDCTech Inc. (FDCT) Exists? To Solve Industry Problems.
FDC’s retail FX trading market is $400B in daily trading volume. Over 3M active traders access the FX market daily through over 2,000 FX Brokers worldwide.
The development of a proprietary multi-asset trading platform is complicated & expensive. Currently 20 large FX brokers have proprietary trading platforms.
Medium to small FX Brokers have a limited budget for dedicated IT and software teams. They manage several third-party technology vendors.
Most FX Brokers access the interbank FX market through FX Prime and FX Prime of Prime (FX PoP) Brokerages via third-party technology providers.
FDCT's Solutions
FDC offers Condor FX Pro – a fully customizable multi-asset trading platform, back-office, CRM, and FX business solutions to FX brokers.
Through the sale of FDC’s basic source code, FX Brokers can customize and brand the platform as a proprietary Offering.
FDC develops all components of technology infrastructure in-house and assigns a dedicated team to each FX broker.
FDC offers a full suite of FX PoP technology infrastructure and business solutions at a competitive price. This allows FX PoP to use the principal model.
Dedicated Support
FDC develops all components of technology infrastructure in-house and assigns a dedicated team to each FX broker.
One-Stop-Technology
FDC offers a full suite of FX technology infrastructure and business solutions at a competitive price.
License or Own
Through the sale of basic source code, Forex Brokers can customize and brand the platform as a proprietary offering.
Market Outlook
Fintech stocks have become some of the top performers on the stock market lately. Unlike most industries riding the pandemic tailwinds into 2021, fintech, in general, received a huge boost as 2021 began. This is in part thanks to the explosive gains of bitcoin which climbed past the $40,000 mark yesterday. In a time filled with uncertainty, investors would naturally gravitate towards limited commodities such as cryptocurrency. Truly, this adds another paradigm to the difficult task of financial management. And that is where fintech companies come into the equation.
Forex trading increased by 300 percent during COVID-19
The coronavirus pandemic threw the world into a tailspin. More than six months after COVID-19 came into our lives, the international community is still dealing with substantial uncertainty. Hundreds of millions have lost their income, and the future remains undecided for people and businesses around the world.
In this context, the current boom in FX trading seems even more remarkable. As those familiar with what is forex trading surely know, the past few months saw massive growth across a variety of trading platforms and commodities. For example, trading broker IronFX reported a month-to-month growth of 25-50 percent in forex accounts. These percentages represent 220,000 new client accounts over the period of March through June. According to their report, trading volumes also rose sharply between March and June, increasing by approximately 300 percent over those three months.
The growth rates were more pronounced in developing countries, with traders’ accounts from Africa, Eastern Europe, and Southeast Asia making up 60 percent of the new accounts. Trading markets vary, as some traders focus solely on safe-haven commodities and currencies, while others try to leverage opportunities, such as the fluctuating demand for crude oil.
The steep increases in trading activity and account numbers placed substantial pressure on forex brokers. Employees working remotely and liquidity demands mean that smaller forex brokers may not be a safe choice for traders.
FDCT teams up with GC Exchange Limited to provide 24/7 institutional liquidity and trading technology infrastructure to FX and Crypto Brokerages
Last month, the Company announced that GC Exchange Limited, doing business as 'GCEX' has partnered with FDC to provide 24-hour crypto trading and tier 1 FX and crypto liquidity using FDC's Condor FX Pro Trading Platform, a fully customizable trading platform compared to legacy off-the-shelf trading platforms. GCEX is authorized and regulated by the Financial Conduct Authority, FCA (FRN 828730).
FDC's Condor FX Pro Trading Platform covers the whole spectrum of needs of any FX or Crypto Broker. Firstly, it can be deployed as an off-the-shelf trading platform to enable FX and Crypto brokers to become fully operational within days. Secondly, it allows for the platform's full customizability from the back-end configurations to the front-end user interface to other structural adjustments, thus eliminating several third-party technology vendors' requirements. Coupled with GCEX liquidity, Condor FX Pro Trading Platform provides 24-hour trading environment 7-days a week for crypto and forex traders.
GCEX's CEO and Founder, Lars Holst, an industry pioneer since 2000, said, "As market volatility continues to drive FX and crypto trading volumes, we believe a robust but flexible trading technology infrastructure is vital to capitalize on this trend. By partnering with FDC, we have ensured that we can deliver a world-class trading experience where brokers can access our tier 1 FX and crypto liquidity."
FDC's Chief Executive Officer, Mitchell M. Eaglstein, stated, "GCEX is the leading source of multi-asset liquidity for brokers worldwide. Moreover, GCEX's team has in-depth business experience building successful global FX brokerages over the last two decades. By adding FDC's trading platform and software development expertise, GCEX can provide turn-key and affordable solutions for entrants looking to access FX and crypto markets."
Technical Analysis:
FDCT's Chart Appears to be Trending Bullish
We've done our very own chart analysis and see the potential for a big move from here!
Bullish Indicators
Bullish ascending Fibonacci channel.
Indicators in bullish reversal
Support held strong during retrace
Volume decreasing on retrace- signaling reversal
Let's also not forget that the float for FDCT is razor thin!
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
The Bottom Line
As we mentioned above, small-cap cryptocurrency/fintech stocks have been popular vehicles and many are on the rise!
FDCT is looking extremely bullish at the moment, and has just released some blockbuster news that we are sure is going to grab the attention of the Street!
This could easily be our next trade idea to double in price, so we suggest you start your research now, and add it to the top of your watchlist immediately.By Viewing this Content, you Agree that you Have Read and are in Full Understanding of both our Disclaimer & Privacy Policy(*Remember to use a Stop-Loss Order to protect your gains, as well as limit possible losses.)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.