24. November 2020 | 10:38 CET
BYD, BIGG Digital Assets, NEL ASA - Get rich with these trends!
Hydrogen, blockchain or e-mobility, these new technologies are currently keeping investors busy. Leading stocks from the respective industries have gained several hundred percent in the past months. But these trends are only at the beginning of their development. In addition to the top performers, second and third-tier companies with novel business models are gradually moving forward. Further outperformers seem preprogrammed.
time to read: 2 minutes by Stefan Feulner
The dead live longer. After Bitcoin had reached its all-time high of USD 19,666.00 since its rapid rise in December 2017, disillusionment and a price correction to below USD 4,000.00 by February 2019 followed. This low was successfully tested again in March 2020 due to corona fears. Since then, the exchange rate of the important cryptocurrency has been steep. Currently, the exchange rate is at USD 18,700.00. Despite all the negative voices against the crypto industry, we expect significantly higher prices in the coming months.
Right on track
One of the profiteers of the next wave is BIGG Digital Assets Inc., and the Canadians have two irons in the fire. The Blockchain Intelligence Group develops the QLUE software, with which suspicious money transactions can be tracked and traced. With greater forensic depth, it examines where the money in question comes from, where it is going and the profiles of the agencies involved. Customers for the software include law enforcement agencies, banks, stock exchanges and ATM operators, who can conduct due diligence investigations and block the security chain. BIGG Digital Assets' key customers include US Homeland Security and the US Department of Justice.
On the home stretch
The second main pillar is the self-developed crypto platform Netcoins. With 20,000 active customers, the proof of concept was more than fulfilled. The goal is for Netcoins to become the first certified trading platform in Canada. The registration application was submitted in September to both the British Columbia Securities Commission and the Canadian Securities Administrators. According to Company management, a result is expected soon. Positive feedback from the authorities is expected to raise BIGG to a significantly higher level.
Last week the Canadians announced a capital increase of up to CAD 6.9 million. The offer is being carried out by a consortium of underwriters led by PI Financial Corp. and will run until 30.11. There is already strong demand for the newly created shares from traders. The Bitcoin crash caused the stock to lose over 90% in value since the beginning of 2018, from its high of CAD 1.6. Currently, it has a market capitalization of only EUR 25.0 million.
The Chinese Tesla competitor has shown that BYD can drive a car, at least since the incredibly successful launch of the HAN model. Now the Chinese Company has announced a further order from the US for the delivery of four emission-free trucks. The customer is none other than DHL, the subsidiary of Deutsche Post AG, and one of the world's leading international express service providers. "The introduction of these efficient electric vehicles is a major step forward. Not only in meeting our own clean transportation goals but also in helping California achieve its ambitious goals for the introduction of zero-emission vehicles," said Greg Hewitt, CEO of DHL Express US. If successful, this could become another mainstay for the Middle Kingdom Company.
Off to an all-time high
Fundamentally, the Norwegian hydrogen specialist is running smoothly. After the subsidiary, Nel Hydrogen Electrolyser signed a letter of intent with the Spanish Company, Iberdrola, at the beginning of November for cooperation in the development of an environmentally friendly hydrogen production plant with a capacity of more than 200 MW in Spain, the North American business is also booming. Nel Hydrogen US has received an order from a major industrial customer for the supply of a 1.5 M-PEM electrolyzer. The order is worth around USD 2.7 million. The positive development is reflected in the chart. The share price stands at NOK 22.89, just below the previous all-time high of NOK 23.50. Overcoming this significant mark would give the paper another boost.