Why Is NSAV Stock Popping?

Net Savings Link Inc. (NSAV), a cryptocurrency, blockchain, and digital asset technology company, recently made headlines after announcing it would acquire a 50% stake in Vagabond Technology Solutions, LLC.

This partnership will further develop Vagabond’s blockchain protocol, which is already rapidly growing. Vagabond created a Blockchain-as-a-Service (BaaS) solution to make the blockchain more accessible to everyone.

To better understand the value of this partnership and how it influences NSAV stock, let’s dive deeper into what Net Savings Link Inc. does, the risks involved for shareholders, and the company’s future potential. 

A Closer Look at Net Savings Link Inc.

Founded in 2007, Net Savings Link Inc. operates as a technology company, providing turnkey solutions to blockchain, cryptocurrency, and digital asset industries. Services range from eCommerce to software solutions, advisory to financial services, and information technology. 

Management claims the company is “decentralizing the world” as they continue making deals and acquisitions in the cryptocurrency sector. The ultimate goal is to be a leading player in the $200+ billion annual crypto market. Think of NSAV as playing a similar role to a venture capitalist. It solely invests in assets across the crypto and blockchain spaces.

Although NSAV continuously makes headlines concerning the company’s latest acquisitions, NSAV has plans for its own projects and solutions, including its own cryptocurrency exchange. NSAV is focused on holding as many assets as possible in its quest to become a a diversified crypto holdings outfit in the industry while simultaneously creating its own cryptocurrency solutions. 

Why the NSAV-Vagabond Partnership Is Relevant

Vagabond is a Blockchain-as-a-Service Platform. The collaboration between NSAV and Vagabond means expanding NSAV’s ecosystem will be possible. Using Vagabonds Legal and Technology infrastructure, NSAV will offer Blockchain-as-a-Service to its customers. 

The goal is to standardize and automate processes to simplify the global system landscape, achieve greater workflow optimization, and instill confidence in business transactions — all of which hold promise for SMBs and enterprises. 

Is NSAV a Good Stock to Buy?

Following the partnership announcement above, the price of NSAV surged – the stock increased by 5.50% subsequently. However, when looking at the past five days, this price surged 70.16%. 

This recent surge isn’t the first time this stock’s price rose following the announcement of deals. For example, in mid-January, NSAV stock began rising after announcing a 10% stake in Metaverse Network. There was plenty for investors to be excited about following this partnership, including further exposure to the metaverse and an NFT agreement. 

Currently, NSAV holds several positive signals concerning short- and long-term moving averages. However, many are still wary because the stock is volatile. 

With that said, while reviewing NSAV’s holdings, the company has a relatively diversified portfolio. NSAV has partnered with TG Private Equity and SilverBear Capital to create value for its shareholders. Although the recent partnership with Vagabond has sparked lots of interest, NSAV’s prized stakeholding, VirtuaBroker, is also a key asset. 

VirtuaBroker is an AI platform that offers a range of trading services, including portfolio management. The platform supports nearly every major crypto exchange, including Coinbase and Binance. 

In spite of its low price, NSAV has announced to all shareholders that a reverse split will not happen within the next ten years.

The current management team announced in 2018 that the $240,000 of convertible debt It inherited from the previous management team was eliminated from its books and would no longer negatively impact the company or shareholders. 

Risky Industry

The glaringly obvious risk is the industry itself — which is also the reason why so many investors are willing to take the risk. This industry is relatively new, and there is a lot of uncertainty, but equally, that’s what makes it so exciting for investors with a high-risk tolerance. It is not uncommon for this stock to fluctuate 30% or more in a single day. 

NSAV has several positive signals, but it’s not enough for some investors — at least not yet. Others believe that NSAV is a hold/accumulate candidate while awaiting further development. 

NSAV Stock Forecast: Is It a Buy?

NSAV has made headlines several times in early 2022, announcing many new developments and future plans. As discussed above, the partnership with Metaverse Network sparked new opportunities, one of which was announced in late January — the Metaverse Share Swap Token (SST), the MNCN. NSAV will receive 7.5% of the total tokens issued. 

As the CEO of Metaverse Network, W. Y. Cheung, said, “Once again, the NSAV team has come through with a quality product in a timely manner. We are very impressed with the advanced technical ability of the NSAV team, and we are truly intrigued about the design of this Metaverse Shares Swap Token structure for MetaFi SST ecology.”

A few days later, it was announced that NSAV completed its acquisition of a significant 10% stake in the leading cryptocurrency exchange, BQEX Ltd, which has four million registered users. 

It’s clear that NSAV is making big moves, and although the crypto space is risky overall, its diversified portfolio helps mitigate some of that risk. 

Like any cryptocurrency stock, it’s essential to do your research. However, if you have a high-risk tolerance and believe in the future of blockchain technology and digital assets, it may be time to consider buying NSAV stock — or at the very least, adding it to your watchlist. 

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The author has no position in any of the stocks mentioned. Financhill has a disclosure policy. This post may contain affiliate links or links from our sponsors.