Galaxy Digital might gain some traction finally
Updated
I have been following Galaxy Digital for a while and I think it is very interesting.
The recent spike in price might indicate that it will finally gain some traction. The stock is too young to do decent TA on it IMO.
Novogratz himself bought a lot of shares and has approx 70-80% of the holdings. Insiders buying share often indicate something good.
-I am opening a long on this company, I will actually average in because the company has to prove itself worthy first. I consider this as a high risk/high reward trade.
-The main reason is to diversify my crypto portfolio in some start up companies as an addition to only currency holdings.
-I will invest 10% of my crypto portfolio in such start ups, Galaxy Digital being the first one.
Don't pay attention to the ugly chart prior to 2018. Novogratz actually bought another company in other to get listed on the exchange and avoid an IPO. The price data prior to 2018 has nothing to do with this company.
The recent spike in price might indicate that it will finally gain some traction. The stock is too young to do decent TA on it IMO.
Novogratz himself bought a lot of shares and has approx 70-80% of the holdings. Insiders buying share often indicate something good.
-I am opening a long on this company, I will actually average in because the company has to prove itself worthy first. I consider this as a high risk/high reward trade.
-The main reason is to diversify my crypto portfolio in some start up companies as an addition to only currency holdings.
-I will invest 10% of my crypto portfolio in such start ups, Galaxy Digital being the first one.
Don't pay attention to the ugly chart prior to 2018. Novogratz actually bought another company in other to get listed on the exchange and avoid an IPO. The price data prior to 2018 has nothing to do with this company.
Note
I found out that my previous statement about insiders holding 80% is not true, I apologize for that. Nothing really changes for me, I keep averaging in because I think that this company has great high risk/high reward potential.Note
Volume coming in probably because crypto markets are blowing up atm. Looks good to me. Still very high risk small cap tho so be carefull!
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