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News Topical, Digital Desk : Eightco Holdings News: The shares of Eightco Holdings listed on Nasdaq have given tremendous returns to investors. The company's shares rose 30 times (3000%) in a single day and 50 times in intraday trading. The day started at $18.86, while the previous closing level was $1.45. During this period, the maximum level of the stock reached $83.12 and finally closed at $45.08.
Eightco Holdings is mainly active in e-commerce and packaging business. The company has recently announced to invest in World Coin. World Coin is a crypto project backed by OpenAI founder Sam Altman.
How much investment was raised? The company has raised $250 million to invest in this crypto project. Apart from this, tech analyst Dan Ives has been appointed as the chairman of the company. Earlier, MicroStrategy also made a big investment in bitcoin, which has increased the attraction towards cryptocurrency in the market. The special thing about World Coin is that it works on the theme of Universal Basic Income. The identity of its users is proved globally. For this, World-ID is created through eye scan, which acts as a reliable digital identity. This move of Eightco Holdings and the unique model of World Coin are proving to be attractive to both investors and the market, due to which the company's stock has jumped a lot.
Read More: Eightco Holdings News: 3000% return in a single day, this stock increased 50 times in intraday
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