Café de la Bourse was interested in Crypto Blockchain Industries, a French blockchain stock with a rather confusing stock market history. Who is this UFO which invests in blockchain technology and went public in the last quarter of 2023? We return to the company’s stock market performance and we are interested in the potential upside for the year 2023.
Who is Crypto Blockchain Industries?
Crypto Blockchain Industries (CBI) is a French company that develops, operates, and invests in video games, commercial applications, and certain projects related to blockchain< a i=2>, NFT (Non-Fungible Tokens), and cryptocurrencies. Founded by Frédéric Chesnais, a renowned entrepreneur in the video game industry and pioneer of blockchain, Crypto Blockchain Industries aims to develop a portfolio of blockchain activities in multiple industries (video games, finance, logistics, etc.) to take advantage of this technology, directly or through partnerships.
Crypto Blockchain Industries has already made several investments and is currently developing AlphaVerse, a virtual world or metaverse based on blockchain technology which will open in summer 2023. AlphaVerse is developing different universes, some of which use third-party brands like Atari. The notion of a “metaverse” has gained notoriety recently. These digital worlds, developed on the blockchain, allow players to create content inside the game 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 inside the metaverse but also outside, thus touching a much wider audience.
The goal of AlphaVerse is to create a central hub on the blockchain, connecting as many metaverses as possible, created either 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 financial year in March. We present here the half-year results of CBI, published on September 30, 2023, for the April-September period, excluding market capitalization (January 21, 2023).
- The turnover amounts to 446 k€.
- The operating profit amounts to 135 k€.
- The net result amounts to 96 k€.
- The group’s cash position amounted to €601 thousand as of September 30, 2023.
- The group’s total debt amounts to 4.5 million euros.
- The market capitalization amounts to 534 million euros.
Analysis of the stock market performance of the Crypto Blockchain Industries stock
Since its IPO on October 26, 2023, CBI has not left the market and investors indifferent. The journey of CBI stock on Euronext Growth is explosive, to say the least. The introductory price is set at 2 euros (for a market capitalization of around 38.7 million euros. 15 days later, the stock took 4,000% to reach a>. Euronext This kind of progression no longer frightens the crypto-currency market, but still surprises on a regulated market like 1.3 billion euros! (7.9 euros after division of the nominal value) and a capitalization of 79 euros
In the following 15 days, CBI fell by more than 70% to fall to 22 euros< /span>euros < /span> at the top (in new nominal value).3.5 euros at the bottom and 2.5 after the division of the nominal value). Since then, the volume has remained lower and the Crypto Blockchain industry share price has stabilized in a corridor demarcated by €2.2 on December 1, 2023(
Will the stock price of Crypto Blockchain Industries continue to rise in 2023?
Like most cryptocurrencies, the CBI share price is highly volatile and subject to speculation. Furthermore, given CBI’s current fundamentals and capitalization levels, predicting the stock’s rise or fall is more witchcraft than finance. We then present some elements that could influence the evolution of the Crypto Blockchain Industries share price.
On the one hand, a market factor: is the general trend of cryptocurrencies to which the price of CBI is largely correlated. In particular, it will be appropriate to follow cryptocurrencies linked to the Metaverse (Decentraland, Axie Infinity, The Sandbox, etc.) because this is CBI’s main investment sector.
On the other hand, an intrinsic factor: is the evolution of blockchain projects to which CBI is exposed. Notably, AlphaVerse needs to quickly establish itself as one of the major upcoming metaverse projects, developing more games, diversifying with more third-party licenses, and creating the foundation for Crystal (the associated token) to become a crypto-leading currency.
