Digatrade Financial Corp (OTCMKTS:DIGAF) is an online digital exchange and blockchain development company that has had an interesting ride since the Election. DIGAF shares began actively trading spiking from .18 cents to nearly $1 in 2 trading days. Since then trading has leveled off ranging between a dime and fifty cents with some decent volume coming in the last few days to retrace some of the intital decline. The good thing for the stock is that shares are up off the lows hovering at +150% for the year. This pulls in algo traders and adds liquidity when you have the volume intact and some decent size prints. These computer simulated trades are an important part of microcap trading in 2017, and when a stock like Digatrade (seemingly) bounces from it’s bottom you get that follow on liquidity.
If you look at a yearly chart below you can see the spikes in volume and the initial volatility in days before the US Election.
Digatrade Financial Corp (OTCMKTS:DIGAF) announced an agreement with NetCents Technology Inc (CSE:NC) late last year. NetCents is a payment service provider active in 194 countries worldwide to enable global card based transactions including: Visa, Mastercard, Applepay and Paypal.
Digatrade and NetCents along with ANX Technologies, who combined have a customer base exceeding 1.1 million and over $100 million+ transactions processed, will collaborate and commence to integrate APIs and deliver to market a secure digital payment solution for customers. The built in technology layer will provide a universal plug and play merchant API that will allow Digatrade customers to easily and securely make fiat payments to their digital wallets online with no chargeback fees and with transactions that clear quickly. In addition, the integration will allow NetCents customers to benefit from Digatrade’s shared liquidity order-book that has the capability to process millions of transactions per second.
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It is important to note that the company also did a financing back around the election (early November) when they announced the execution of a proposed stock purchase agreement dated 10.31.2016 with GHS Investments LLC to purchase up to four million dollars (USD$4,000,000) of common stock, from time to time, over the course of twenty-four (24) months after the effective registration of the underlying shares.
Digatrade is a global digital asset exchange and blockchain development Services Company located in Vancouver, and is clearly in the right place and right sector as digital currency gets increasingly interesting. It appears they have financing and partnerships going in the right direction, and this has been reflected in recent moves in the share price.
Portfolio managers have been looking at smaller companies who are making progress in the digital currency exchange marketplace enabling them to get a look at where and how blockchain application are effecting markets. Investors like GHS who funded the potential $4 million for DIGAF have grown in 2017 and specifically blockchain investments are on the rise.
Digatrade Financial Corp. engages in licensing, developing, and branding of a digital exchange trading platform and peer to peer electronic payment processing network for enabling users to trade fiat and alternative currencies. It provides operational support specializing in web-based digital currency exchange and transaction services for the cryptographic digital currencies, such as Bitcoin and other alternative digital coins. The company was formerly known as Bit-X Financial Corporation and changed its name to Digatrade Financial Corp. in October 2015. Digatrade Financial Corp. was founded in 2000 and is based in Vancouver, Canada. For continuing coverage on shares of $DIGAF stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!