Blockchain Stocks on the CSE: 360 Blockchain Looking Red

CSE blockchain stocks

CSE blockchain stocks didn’t exactly soar today, which is unfortunate, considering it’s the second to last trading day for the week. After all, who doesn’t want to go into the weekend with their stock of choice trading in the green? I know I certainly would.

So, what happened? Is there a specific reason for why certain blockchain stocks performed poorly today?

As per 360 Blockchain (CSE:CODE), there isn’t a reason. Which, depending on how you look at things, could be a good thing or a bad thing.

CSE Blockchain Stocks: 360 Blockchain

Based in Vancouver, British Columbia, 360 Blockchain is a financial company. It focuses primarily on investing in blockchain and cryptocurrency. The company takes pride in the fact that it is one of the few companies that wants to accelerate the application of blockchain by investing capital.

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However, despite the advancements 360 Blockchain is attempting to make, the stock is suffering – especially today.

360 Blockchain Stock: Daily Movement

According to Google Finance, at 4:00 p.m. EDT, 360 Blockchain was trading at $0.050. This means the stock was down 16.67% at the time, making it one of the CSE top percent losers.

Have People Lost Interest?

Is the 360 Blockchain stock down nearly 20% because the company is fading into the background?

Well, the company is certainly doing a lot – you can’t argue that, but unless you keep the public informed on a weekly, even monthly, basis the hype around a company will slowly disappear.

360 Blockchain may be just now learning this. The Canadian company has not made an announcement since May, even though it was a good one: 360 Blockchain announced plans for a token sale.

And since then, we haven’t heard a peep. Meanwhile, the competition is heating up elsewhere in the blockchain and crypto space.

The Takeaway

Do you think the 360 Blockchain stock will be trading in the green tomorrow? Let us know in the comments below!

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Featured Image: Twitter