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      Eqonex Limited (EQOS) rise in the After hours. Why so? - Stocks Telegraph

      By Gule Rukhsar

      Published on

      November 29, 2021

      7:22 AM UTC

      Eqonex Limited (EQOS) rise in the After hours. Why so? - Stocks Telegraph

      Eqonex Limited (EQOS) went up by 9.83% in the aftermarket, to reach $4.47 against $4.07 at its close on November 26. Intraday trading, the stock went as high as $4.20 and stooped as low as $3.93 at a volume of 315.96 thousand. The volume of the day was barely 15% of the average 2.17 million shares. In the 52-week range, the stock fluctuated between $3.09 and $22.95. Moreover, the stock has gone down by 9.56% in the past week ad 12.47% in the past month. While the EQOS stock has lost a value of 74.78% year to date. Currently, the stock trades at a market capital of $151.88 million with 37.32 million outstanding shares. With no apparent reason, stock sentiments seem to have put the stock back on being bullish after losing good for a long time.

      Eqonex Limited (EQOS)

      Founded in 2017, Eqonex Limited (EQOS) is a digital asset financial services and advisory company. It provides products, architecture, and infrastructure for the financial markets in the areas of the digital asset ecosystem. The company operates EQONEX which is a cryptocurrency exchange that offers the trade of virtual currencies. Moreover, it also operates a custodian platform for digital assets called Digivault, Access Trading which is an integrated trading platform, and a risk management disk.

      EQOS is based in Wan Chai, Hong Kong, and operates in Singapore as well as internationally.

      Recent Developments

      EQOS stock has been trading in the red since it reached a value of $7.00 on October 29, 2021. The stock reached a high value of $7.00 after almost 50 days. The rise in the stock seemed to have been caused by the company’s report on its Polkadot protocol. After peaking at $7.00, the stock has since tumbled down to reach $4.07 at close on November 26. But in the after-hours on Friday, the paradigm seems to have shifted and stock sentiments are in favor. The EQOS stock is once again trading in the green as of the aftermarket on November 26.

      EQOS’s Polkadot

      The company has listed a Polkadot (DOT) token on the exchange and released an in-depth report on its Polkadot protocol. The report claimed that its Polkadot protocol solves blockchain pain points of fragmentation, governance, and scalability. As per details, the technology was specifically developed to target the inherent problems of blockchain. Further, Polkadot is a blockchain of blockchains with interoperability, decentralized governance, and scalability.

      Moreover, the market capital of DOT is 433 billion, which makes it the 8Th most valuable cryptocurrency, with a price of $33.3.

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