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On Jan 9, the photography giant Kodak announced a launch of its cryptocurrency KodakCoin scheduled by the end of the month. This news led to a spike in Kodak stock prices. Yet it’s unpredictable whether it will boost the company’s capitalization, but at least the company has been quick in adopting the technology of the future.
The jump in Kodak’s stock prices points to the crypto craze infecting even traditional investors. In the past few days, they have lapped up stocks of the companies that have connected with Blockchain or cryptocurrency.
Even JPMorgan Chase CEO Jamie Dimon, in a recent exclusive interview to Fox Business, stated that he regrets calling Bitcoin a fraud.
As traders, our interest is to buy the cryptocurrencies that will offer us maximum profits. Let’s see if we can find out any buy setups…