by Shivdeep Dhaliwal. 17, 2021, 05:49 PM. As you can see from the chart below, TKAT has been one of the top winners of 2021 after running over 3000% since January 4. NFT’s are a super-hot commodity, with buzz going around about $1 million being offered for a single tweet-as-an-NFT.. Furthermore, the NFT market is comprised of a new asset class that could be incredibly volatile, so I would trade with extreme caution here and thoroughly analyze the company before considering investing. Find the latest Takung Art Co., Ltd. (TKAT) stock quote, history, news and other vital information to help you with your stock trading and investing. And investors have been looking for NFT stocks to buy in the stock market today.Takung Art Co. and Hall of Fame Resort & Entertainment (NASDAQ: HOFV) have started the week on a strong note as part of the speculative frenzy.Blockchain technology has made it possible for … You can find their website at www.Takungae.com. Takung Art is a holding company that was formerly known as Cardigant Medical. Or are they simply looking to capitalize on a trend? Investors believe Takung Art will adopt NFT technology to enhance its art trading platform, which could lead to more revenues for the Hong … Frustratingly, it spent the entirety of 2020 as a penny stock — defined by the U.S. Securities and Exchange Commission (SEC) as a stock that trades under $5 per share. Press Release Takung Art (TAKT) Vs Hall of Fame Resort & Entertainment (HOFV): Which Is A Better NFT Stock To Buy? Prior to 2021, Takung Art (NYSEAMERICAN:TKAT) mostly flew under the radar in the investing world. It’s certainly possible, as Takung Art might get involved with NFTs. Non-fungible tokens (NFT) are in every headline these days. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. However, there really isn’t any pure-play NFT stock available right now. Takung Art Co Ltd (NYSE: TKAT) is a Hong Kong-based provider of an online trading platform for art collectors and investors to acquire fractional ownership in … By March 15, the share price had reached $8.39, effectively putting the stock above penny-stock territory. Its electronic online platform is located at www.takungae.com. There’s no guarantee that Takung Art will get into the NFT business. NFT Stock #1: Takung Art Co., Ltd. (NYSEAMERICAN: TKAT) TKAT stock is up 31.7% today. Why NFT Speculation Has Shares of Takung Art, Jiayin Group, and Hall of Fame Resort & Entertainment Flying Today Bram Berkowitz 3/18/2021 Caron Nazario: Army officer was … Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Some NFTs have already sold for millions of dollars, pushing some companies to begin offering NFTs, and many to believe the asset class has huge potential, not unlike the earlier days of cryptocurrencies. Takung has created a marketplace for shared ownership in fine art in Asia. Not Just Takung Art, This Stock Skyrocketed 84% Today As NFT Play. Why Takung Art Shares Skyrocketed 277% Today. Now, both Takung Art and Hall of Fame Resort & Entertainment may not be leaders in NFTs today. Dogecoin Price Predictions: Where Will Dogefather Elon Musk Take the Crypto Next? With Takung Art stock gaining more than 2,200 percent in the past three months, investors wonder if it will keep rising. We’re motley! Takung Art has been utilizing this unique business model for quite a while. That includes Alchemy’s efforts in the space, companies such as Takung Art (NYSEAMERICAN: TKAT) and Jiayin Group (NASDAQ: JFIN) that investors should keep in mind, and more. In Wednesday’s regular trading, Takung … NFT’s are a super-hot commodity, with buzz going around about $1 million being offered for a single tweet-as-an-NFT.. Nasdaq If that happens, it could send the share price soaring. NFT-related stocks have been on fire over the past few weeks as investors seek exposure to the red-hot digital art market. NFTs are digital files such as art, videos, and audio stored on blockchain, which is the digital ledger technology that powers cryptocurrencies. quotes delayed at least 15 minutes, all others at least 20 minutes. The run-up does not seem realistic even if the company were to get into the NFT space. These days it operates an on-line listing and trading service that allows artists, art … NFT is a type of digital asset that represents a unique digital ownership of certain physical items that are stored as a unit data over blockchain, the digital ledger technology that powers cryptocurrencies, according to Wikipedia. Amazingly, the stock rallied to a 52-week high of $74.11 on March 23. NFT Stocks TKAT. Chris MacDonald, InvestorPlace. According to the company, Takung’s business model is to “continually add to its fine art listings by offering collectors units in carefully selected items.”. It’s amazing how quickly things can change. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Takung Art Co. (NYSEMKT: TKAT) soared 25% and has now gained about 950% in almost two weeks on bullish sentiment on social media mainly connected to the non-fungible token mania. However, it’s certainly possible and interested traders should keep their eyes open for developments. It’s a novel idea, and Takung Art is an innovator in facilitating this unusual angle on art ownership. Last year, the stock simply couldn’t get off the ground. But their current businesses could put them in a … Typically, we might think of a piece of artwork being owned by one person. Takung Art's stock news NFT speculations sent TKAT stock soaring after a popular digital artwork sold for millions of dollars. 1125 N. Charles St, Baltimore, MD 21201. For those unfamiliar, Takung has created a marketplace for shared ownership in … Investors believe Takung Art will adopt NFT technology to enhance its art trading platform, which could lead to more revenues for the Hong Kong-based company. What’s good about this system is that it allows non-wealthy people to own part of a great work of art. Moreover, it’s potentially quite lucrative for Takung as the company earns multiple revenue streams, including “listing fees, trading commissions, management fees and authorized agent fees.”. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. NFT Stocks Are Soaring As Digital Asset Buzz Grows. To be honest, not too many people were trading TKAT stock, or art stocks in general. Specifically, Takung offers units, or slices of ownership, in … March 17, 2021 10:37 pm ... NFT art ranging from sneakers to memes have … Takung Art is a holding company that was formerly known as Cardigant Medical. Takung Art is a holding company that was formerly known as Cardigant Medical. Returns as of 05/02/2021. Shares of online-art trading platform Takung Art Co. Ltd. were out of favor for several years. Takung Art Stock Shows Plenty of Potential on Rising NFT Interest, 11 Bullseye Stock Picks in Today's Hottest Investing Trends >>> READ MORE, Louis Navellier and the InvestorPlace Research Staff, offering collectors units in carefully selected items, are stored on a digital ledger or blockchain, 7 Homebuilding Stocks to Buy That Are Ready for Another Round of Gains, A Small Biotech Stock That Has All The Right Ingredients for a Big 2021 Breakout, Top Stocks 2021: 11 Bullseye Stock Picks for Your Must-Buy List. 1125 N. Charles St, Baltimore, MD 21201. Takung Art is a small company based in China that operates a platform for trading art. However, traders are wondering whether Takung might open itself up to selling crypto art as well since its platform is already selling art via an online marketplace. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Shares of Takung Art Are Surging Today @themotleyfool #stocks $TKAT, NFT Speculation Has These Stocks Roaring Again, Copyright, Trademark and Patent Information. ET Takung Art is an online art trading company based out of Hong Kong. Find the latest Takung Art Co., Ltd. (TKAT) stock quote, history, news and other vital information to help you with your stock trading and investing. Copyright © Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today. In March of 2021, however, the big liftoff moment happened for TKAT stock. Over the last year, shares of Takung have risen from $1.35 per share to roughly $26.60 per share now. One of the first companies to jump aboard the NFT train in a big way was Takung Art.. Takung is seemingly looking to pivot from offering high-end … But what about a group of individuals or businesses being part owners of a work of art? Or maybe, it could be owned by a single business entity, such as a museum. XRP Alert: 10 Top Twitter Reactions to Today’s SEC vs. Ripple Hearing, Dogecoin May Remain Popular, but Don’t Buy the Pullback. These are digital properties that are stored on a digital ledger or blockchain, much like a cryptocurrency token might be stored on a blockchain. The company is based out of Hong Kong and usually conducts business primary within the People’s republic of China. Takung Art operates its own online platform where you can buy and sell art. TKAT stock has soared on the digital NFT-enabled digital art … Yet, that wasn’t even the end of the story, as the bulls kept charging ahead in March. NFT Stocks TKAT. Takung Art (NYSE: TKAT) is a Chinese-based online art trading platform that’s mainly remained unnoticed throughout its lifetime on the U.S. stock markets. Could TKAT stock be the right asset to add to your portfolio if you want to ride the NFT wave? Takung is not in the NFT space yet, but many believe the company could be prime a suspect to jump in because it runs an online platform that allows artists, art dealers, and investors to exchange and invest in artwork. What’s going on here exactly? However, it’s certainly possible and interested traders should keep their eyes open for developments. Apr. Takung Art is an online art trading company based out of Hong Kong. After a work of art is listed on Takung’s app, the company divides it into “equal ownership units based on its appraised value.” Takung is based in Hong Kong, China, and most of the company’s art traders are located in mainland China. Copyright © 2021 InvestorPlace Media, LLC. All rights reserved. Creatd OG Gallery News: 12 Things to Know About CRTD Stock and Its New NFT Art Gallery. Published: March 23, 2021 at 10:51 a.m. In the meantime, even if we don’t all appreciate fine art, at least we can appreciate Takung’s unique approach to facilitating art ownership. Today, we’ll examine a recent wave of interest in the art world, and how Takung Art fits into the picture. Stock Advisor launched in February of 2002. Admittedly, Takung Art doesn’t deal in NFT’s at the time of this writing. Takung Art Co Ltd (NYSE:TKAT) is a Hong Kong-based provider of an online trading platform for art collectors and investors to acquire fractional ownership in Asian and other fine art… Market data powered by FactSet and Web Financial Group. Yet, investors are feverishly searching for stocks to trade in order to capture the NFT trend. Shares of the online platform Takung Art (NYSEMKT:TKAT) traded more than 31% higher as of 11:10 a.m. EDT this morning for no apparent reason. Takung Art is an online art trading platform that has seen its stock price soar from less than $4 per share five days ago to more than $27 per share … NFT’s are a super-hot commodity, with buzz going around about $1 million being offered for a single tweet-as-an-NFT. So, why would the financial community suddenly take an interest in the company? 29, 2021, 04:25 PM ... Takung Art NewsMORE. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Mar. An innovative business model - and speculation about a move into the non-fungible tokens market - put TKAT stock into the spotlight. Takung Art (TKAT) TKAT stock is another bubbly play on NFTs if you're not worried about a market crash, but with one major distinction. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Has the mainstream financial media suddenly gained an appreciation for fine art? Takung Art soars 712% in 4 days as digital-art trading booms following landmark NFT auction wdaniel@businessinsider.com (Will Daniel) 3/18/2021 Kim … TKAT Stock: Why NFT Play Takung Art Is Soaring 150% Today. Therefore, investors might be able to accumulate the shares at a discount to the peak price, while still riding the momentum of generally bullish sentiment.