Date : January 30, 2019
New Opportunity: GD Entertainment & Technology Inc. (OTCMKTS:GDET)
It’s no secret that the Crypto markets have been in a vicious bear market over the past 12 months. But, just as with every bear market in history in every traded asset on the planet, it will end and a new bull market will get started. In fact, with Bitcoin down over 80% from its cycle highs, we may be very close to the ultimate lows, or may have even already seen them.
But this is not just about Bitcoin or the Crypto markets. The concept of “blockchain technology” once captured the public imagination like a fireworks show. That too has been in a bear market of sorts.
This is when you can find the best values. You want to invest when the crowd is gone and sell when the fireworks show is at its heights. Right now, dear reader, is the time to act.
One of the most interesting diversified crypto and blockchain bets around is GDET.
Company: GD Entertainment & Technology Inc.
Latest News: http://finance.yahoo.com/q/h?s=GDET+Headlines
Company Website: WWW.GDET.CO
Who is GDET
GD Entertainment & Technology Inc. (OTCMKTS:GDET), also known as GDET, is a result driven, blockchain-oriented company focused on becoming a premier Cryptocurrency mining facility.
GDET will build and manage a Cryptocurrency mining colocation and mining facility that is client-focused and dedicated to creating a new standard in the Blockchain space based on security and transparency. GDET has also developed a strong relationship with suppliers overseas to ensure future purchasing.
According to a recent communication from management, “GDET has widely developed from its humble beginnings as a cryptocurrency mining company into a transactional-based blockchain enterprise. The company now has footprints in both the “white-label” credit/debit card market, through its acquisition of DreamCard, as well as the rapidly growing Cryptocurrency ATM market with its latest purchase of a state-of-the art Satoshi 2 Cryptocurrency ATM machine.”
In other words, this is a diversified crypto and blockchain play with a number of core strategies in play.
Company CEO Anil Idnani commented, “We are proud to start off the New Year with our initial ATM purchase as well as starting a long term and fruitful relationship with our supplier, Genesis Coin. We are one step closer to our vision of becoming a leader in blockchain, transactional-based services. Our team is working hard to integrate these units in strategical locations that will set us apart from our competition. I look forward to providing more exciting updates in the near term.”
We are ramping up capacity right on schedule, and already benefitting from tremendous market conditions. Bitcoin prices are on the march higher, adding over $40 billion in market cap since we began full-scale mining operations in June. This facility upgrade will add to the tremendous performance we have already seen, and put us in an even better position to capitalize on the positive market dynamic.”
The GDET chart is extremely interesting right now. Shares of the stock just jumped back above the key 50-day moving average on expanding volume over the past 6 weeks, during which time, the stock has powered 150% higher.
So, we are seeing expanding volume and higher prices including a breakout back above the trend moving average. In addition, MACD is in full momentum mode right now, with the fast line and the histogram above the midline. OTC markets also reports the float as quite small, so a continued breakout is possible.
GDET (GD Entertainment & Technology Inc.) is a result driven, blockchain-oriented company focused on becoming a premier Cryptocurrency mining facility.
GDET will build and manage a Cryptocurrency mining colocation and mining facility that is client-focused and dedicated to creating a new standard in the Blockchain space based on security and transparency.
In September, GDET retained BitAML to secure cryptocurrency AML compliance in an effort to enter the ATM market sector. The firm was responsible for creating the company’s entire AML/KYC, Anti-Money Laundering, Know-Your-Customer, Compliance scripts. The purpose of this compliance was necessary in order to obtain approval from FINCEN, the Financial Crimes Enforcement Network.
In November, GDET announced that its ATM subsidiary HyperDigital technologies was registered as an MSB, Money Services Business, transmitter. Under Federal Law, Money Services Businesses (“MSB”) are required to register with the Financial Crimes Enforcement Network (“FINCEN”) before they can operate their business.
Most recently, the company just announced that its subsidiary HyperDigital Technologies has finalized its initial purchase order with Genesis Coin to launch the company’s ATM division.
GDET ordered a “Satoshi 2” ATM unit which supports both cryptocurrency purchases and sales. The news follows an impressive rally in the cryptocurrency market with an increase over $7 billion in the market cap.
GDET has also developed a strong relationship with suppliers overseas to ensure future purchasing.
- GDET is a diversified bet in crypto and blockchain with a number of major catalysts on the way.
- GDET is making real money, with trailing revs already coming in
- GDET is warming up to be a potential leader in the crypto ATM space, which could be a monster theme
- GDET is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.
- GDET just recorded a MACD Bullish reversal, suggesting a technical change in trend.
GDET shares also just busted above major MA resistance in a breakout
GDET has the potential to be a special play as the crypto and blockchain theme carves out an important cycle low. This is deep value. The company is making a number of key moves, with a push to dominate the coming crypto ATM revolution.
The company has all its ducks in a row, and represents a special opportunity worthy of a closer look ASAP!