The big headline today was bitcoin absolutely ripping, surpassing the 20,000 mark and then going quite a bit further. The majority of other popular cryptocurrencies followed suit, with the other major four finding success on the day. However, even though that is extremely exciting, there are other newsworthy moves out there that might’ve been overlooked due to the hype. Let’s focus on the communication sector for today.
OTC Communication Standouts:
Video River Networks Inc. (OTC:NIHK) was on an absolute tear today as shares hit the highest level in over a decade, trading up to $.021/share (+23.5%) at the session high. While no major announcement was made, over 500,000 more shares traded that average and there is still another 45 minutes in the session. There aren’t many key resistance points to discuss on this run as its been over 10 years since the stock has traded in this realm, so be sure to keep an eye on it!
Another winner in the communication space was iQSTEL Inc. (OTC-PNK:IQST). After bouncing off of its 100-day SMA last week, the stock has climbed significantly, moving to an intraday high of $0.095/share (+18.75%). This move comes just two days after the company announced its strong November revenues, which was the second month in a row exceeding $5 million.
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