Crypto Blockchain Industries: A Good Investment Idea? – 25/01/2022 at 12:30

(Photo credits: Pexels – Worldspectrum)

Café de la Bourse took an interest in Crypto Blockchain Industries, a French blockchain value with a rather confusing stock market history. Who is this UFO investing in blockchain technology and going public in the last quarter of 2021? Let’s look back on the company’s stock market trip and look at the upside potential for 2022.

Who is Crypto Blockchain Industries?

Crypto Blockchain Industries (CBI) is a French company that develops, operates and invests in video games, commercial applications and some projects related to blockchain, NFT (Non Fungible Tokens) and cryptocurrencies. Founded by renowned video game entrepreneur and blockchain pioneer, Frédéric Chesnais, Crypto Blockchain Industries aims to develop a portfolio of blockchain assets across multiple sectors (video games, finance, logistics, etc.) by leveraging this technology, either directly or via partnership.

Crypto Blockchain Industries has already made several investments and is currently developing AlphaVerse, a virtual or metaverse world based on blockchain technology that will open in the summer of 2022. AlphaVerse is developing several universes, some of which use third-party brands such as Atari. The notion of “metaverse” has gained notoriety recently. These digital worlds, developed on the blockchain, allow players to create in-game content and unlock value in the form of NFTs and cryptocurrencies. While traditional video games only allow trading within the original game, metaverse players can trade their NFTs and cryptocurrencies not only within the metaverse but also outside of it, reaching a much wider audience.

AlphaVerse’s goal is to create a central hub on the blockchain, connecting as many metaverses as possible, created by Crypto Blockchain Industries or by third parties in exchange for revenue sharing.

The main financial indicators of Crypto Blockchain Industries

Crypto Blockchain industries close their fiscal year in March. Here we present CBI’s half-year results, published on 30 September 2021 for the period April-September, excluding market capitalization (21 January 2022).

Turnover amounts to € 446k.

The operating result amounts to € 135k.

The net result amounts to € 96k.

The group’s liquidity amounted to € 601k as of 30 September 2021.

The total debt of the group amounts to 4.5 million euros.

The market capitalization amounts to 534 million euros.

A look at the explosive stock market journey of the Crypto Blockchain industries since its IPO

Crypto Blockchain Industries stock price chart from its 2021 IPO

stock market coffee

stock market coffee

Note that on January 5, 2022, CBI decided to divide the par value of the shares by 10.

Stock Path Analysis of Crypto Blockchain Industries

Since its IPO on October 26, 2021, CBI has not left the market and investors indifferent. The CBI share price on Euronext Growth is nothing short of explosive. The launch price is set at 2 euros (for a market capitalization of around 38.7 million euros. 15 days later, the stock rises by 4,000% to reach 79 euros (7.9 euros after dividing the nominal value ) and a capitalization of 1.3 billion euros! This type of progression no longer scares the cryptocurrency market, but always surprises on a regulated market like Euronext.

In the following 15 days, CBI fell by over 70% to return to € 22 on 1 December 2021 (€ 2.2 after dividing the face value). Volume has since remained lower and the Crypto Blockchain Industries share price has stabilized in a corridor delimited by € 2.5 at the bottom and € 3.5 at the top (in new face value).

Will Crypto Blockchain Industries Share Price Continue to Go Up in 2022?

Like most cryptocurrencies, the CBI share price is highly volatile and subject to speculation. Also, given CBI’s current fundamentals and capitalization levels, predicting whether the stock will rise or fall is more of a witchcraft than a finance. We therefore present some elements that could influence the evolution of the price of the Crypto Blockchain Industries stock.

On the one hand, a market factor: the general trend of cryptocurrencies to which the price of the CBI is largely correlated. In particular, cryptocurrencies related to the Metaverse (Decentraland, Axie Infinity, The Sandbox, etc.) should be followed as this is CBI’s main investment sector.

On the other hand, an intrinsic factor: the evolution of the blockchain projects to which CBI is exposed. Specifically, AlphaVerse must quickly establish itself as one of the major upcoming metaverse projects, developing more games, expanding with more third-party licenses, and laying the foundation for Crystal (the associated token) to become a leading currency in the cryptocurrency industry.

Image source: Freepik

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