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Café de la Bourse took an interest in Crypto Blockchain Industries, a French blockchain value with a rather confusing stock market history. Who is this UFO that invests in blockchain technology and goes public in the last quarter of 2021? We return to the company’s stock market journey and look at upside potential in 2022.
Who is Crypto Blockchain Industries?
Crypto Blockchain Industries (CBI) is a French company that develops, manages and invests in video games, commercial applications and some projects related to blockchain, NFTs (Non Fungible Tokens) and crypto currencies. Founded by Frédéric Chesnais, renowned entrepreneur and blockchain pioneer in the video game industry, Crypto Blockchain Industries aims to build a portfolio of blockchain activities across multiple industries (video games, finance, logistics, etc.) by leveraging this technology. directly or through partnership.
Crypto Blockchain Industries has already made several investments and is currently building AlphaVerse, a virtual world or metaverse based on blockchain technology that will open in the summer of 2022. AlphaVerse is developing several universes, some of which use third-party brands such as Atari. The concept of the “metaverse” has recently gained notoriety. These digital worlds developed on blockchain allow players to create in-game content and unlock value in the form of NFTs and cryptocurrency. While traditional video games only allow trading within the core game, Metaverse players can trade their NFTs and cryptocurrencies not only inside the Metaverse, but also outside, thus touching a much wider audience.
AlphaVerse’s goal is to create a central hub on the blockchain, connecting as many metaverses as possible, created either by the crypto blockchain industries or by third parties in exchange for revenue sharing.
Crypto is the leading financial indicator of blockchain industries
The crypto blockchain industry closes its fiscal year in March. We present here the half-yearly results of CBI, for the April-September period as on September 30, 2021, excluding market capitalization (January 21, 2022).
Turnover amounts to 446 k€.
Operating results amounted to 135 k€.
The net result amounts to 96 k€.
The group’s cash balance as of September 30, 2021 was €601k.
The group’s total debt amounts to 4.5 million euros.
The market capitalization amounts to 534 million euros.
A look at the crypto blockchain industry’s explosive stock market journey since its IPO
Crypto Blockchain Industries Stock Price Chart From IPO 2021
Stock Market Cafe
Note that on January 5, 2022, CBI decided to divide the par value of the shares by 10.
Stock Journey Analysis of the Crypto Blockchain Industry
Since its IPO on October 26, 2021, CBI has not left markets and investors indifferent. Euronext Growth’s CBI share course has been explosive to say the least. The initial price was set at 2 euros (for a market capitalization of about 38.7 million euros. After 15 days, the share increased by 4,000% to reach 79 euros (7.9 euros after dividing the nominal value) and a capitalization of 1.3 billion euros! Such progress further scared the cryptocurrency market. Doesn’t show, but always surprises in a regulated market like Euronext.
Over the next 15 days, CBI fell by more than 70% to 22 euros on December 1, 2021 (2.2€ after dividing the nominal value). Since then, volumes have remained low and Crypto Blockchain Industries’ share price has stabilized in a corridor with a bottom of 2.5 euros and a top of 3.5 euros (at the new nominal price).
Will Crypto Blockchain Industries Stock Value Continue to Increase in 2022?
Like most cryptocurrencies, CBI stock price is highly volatile and subject to speculation. Moreover, given CBI’s current fundamentals and capitalization levels, predicting whether the stock will rise or fall is more illusory than money. Then we present some factors that may affect the evolution of the share price of Crypto Blockchain Industries.
On the one hand, a market factor: the general trend of cryptocurrencies to which the value of CBI is highly correlated. In particular, metaverse-related cryptocurrencies (Decentraland, Axis Infinity, The Sandbox, etc.) should be pursued as this is CBI’s main investment sector.
On the other hand, an internal factor: the evolution of blockchain projects where CBI is exposed. Notably, AlphaVerse needs to quickly establish itself as a major upcoming Metaverse project, develop more games, branch out with more third-party licenses, and lay the groundwork for Crystal (the associated token) to become a leading crypto currency. .
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