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$RNWK 🚀 is it next GME?
Newbie to investing and never invested in a company that went through a reverse stock split.
In theory, I understand the market value should increase but I’m not seeing this reflected in the price and naturally my book value/ share is very disappointing.
A) When should I anticipate the stock appreciation to occur?
B) What’s the next move for companies that do this? Issue more shares?
TIA!
https://finance.yahoo.com/news/retransmission-hive-blockchain-announces-5-100000300.html
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Am I having Deja vu? Wasn’t this all the rage in like 2018?
Bought $5,000 worth at $1.13 last year
Yes, I’ve been involved since $0.25. While I can’t predict what will happen next, I’d recommend conducting thorough chart analysis and identifying potential targets, just as you would with any other asset.
I got into XRP back in 2018 when it was $.59. It is one of you crypto that I truly believe in because it actually has a use case. XRP is a little bit behind because of a lawsuit that the SEC brought against them. The SEC lost, but it’s set XRP back because it used to be the number two crypto in the world at one point ahead of Ethereum. I’ve been dollar cost averaging into it. I’m a big believer that it has real world utility, and will skyrocket. In the short term, I believe it may jump to the double digits but I’m hoping for a long run three digit XRP.
I have been buying since $2… for the 10+ year horizon