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So there is a very exciting blockchain company that has seen a huge run up lately and that I think still has plenty of potential to go up even more. Let’s talk about SOS Stock, what the company actually does, why it went up so much and what prices I can see the stock reaching in the future. Let’s get right into it!
So SOS Limited, ticker symbol SOS is a company that seen a massive run up these last 7 days or so. It has tripled in share price to almost 13 dollars a share and people are now wondering whether this is just another pump and dump stock or whether the company HAS MERIT AND will be reaching 20, 30 or even 50 dollars a share in the future. Now what does SOS Limited actually do? Well in the beginning of this month they were a blockchain-based and big data-driven marketing and solution provider having a membership base of around 20 million people in China.
To give a more concrete example of what they have done they have created a SOS cloud emergency RESCUE service software platform that is very extensive and helps so many different industries and sectors. To clients such as insurance companies, financial institutions, medical institutions and auto manufacturers just to name a few. SOS has even obtained a national HIGH-TECH ENTERPRISE certification and the title of “big data star enterprise” awarded by the Gui’an New District government.
So until just a week ago this is what people associated this quite small company with. And they are definitely well established with a good estimated 50 million dollars in revenue for 2020 and they will likely be operating at a profit in the coming years. But what made this company TRULY EXPLODE recently was that they ANNOUNCED on February 9th that they had received 5000 PCS of mining rigs which will be used to generate CRYPTOCURRENCY such as Bitcoin and Ethereum.
The seller of these 5000 mining rigs has confirmed that they have enough inventories and that they will be able to fulfill the next couple shipments as scheduled which obviously means that SOS will soon be able to generate revenue with them. The chairman of SOS Yandai Wang even commented that we have secured supply of crypto mining equipment that is expected to generate sufficient crypto hash power to allow us to promptly capture the rising cryptocurrency price.
And guys that IS REALLY WHY the company just exploded recently. We already have AI, big data, the next generation of marketing and of course blockchain becoming MEGA TRENDS and we are seeing those companies growing faster and faster, BUT COMBINE THIS with the actual mining of cryptocurrency and the potential for revenue is massive.
We just saw even Elon Musk speaking positive about cryptocurrencies and announcing that Tesla has bought 1.5 billion dollars worth of Bitcoin as of their recent SEC filing so I AM NOT SEEING these cryptos stopping anytime soon and just with the price of things like Bitcoin and Ethereum going up, SOS will be able to make more money, increase their revenue and thus their share price.
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