Date : February 27, 2018
New Opportunity: Reign Sappphire Corp. (OTCMKTS: RGNP)
On the one hand, today’s new opportunity is a direct-to-consumer, custom and branded jewelry company operating jewelry sales and jewelry technology. But, on the other hand, it’s a new blockchain play with a serious and viable blockchain niche in supply chain and tracking functionality for the fine gemstone global market.
The stock has been showing strong signs of support, with technical indications flashing some very bullish readings. And that package is wrapped up in a float that is… wait for it… just Four Million Shares.
So, Blockchain, Global Gem Market, Strong Technicals, 4M Share Float. But, there’s even more to this story that really sets it off. Read on to get the whole story!
Company: Reign Sappphire Corp.
Latest News: http://finance.yahoo.com/q/h?s=RGNP+Headlines
Who is RGNP
Who is RGNP
Reign Sappphire Corp. (OTCMKTS: RGNP) is a Los Angeles-based, D2C custom and branded jewelry company with three divisions: Reign Brands featuring Reign Sapphires: ethically produced, millennial targeted sapphire jewelry, Coordinates Collection: custom jewelry, inscribed with location coordinates commemorating life’s special moments, and Le Bloc: classic customized jewelry and athleisure jewelry brand ION Collection by Jen Selter.
Reign Ventures the Company’s joint venture platform for investment and development of jewelry technology related products. Reign Blockchain to authenticate Sapphires as conflict-free and ReignCoins Reign’s cryptocurrency and blockchain-based loyalty rewards program.
The Company’s portfolio also includes Reign Ventures, a joint-venture platform for investment and development of jewelry technology related products; and Reign Blockchain to authenticate sapphires as conflict-free. Entries on the digital record can include attributes for each sapphire including the color, carat and certificate number.
This last part of the equation is the most exciting right now, and stands to drive the lion’s share of speculative fervor in this stock. As noted above, we are dealing with a stock with just 4 million shares. The technical picture – which we will cover below – is ripe with strong indications of major upward potential.
The most important catalyst on the map here is the company’s recent announcement (late December) that it will launch ReignCoins, as Reign’s cryptocurrency and blockchain-based loyalty rewards program.
“As an innovative tech and data driven direct-to-consumer jewelry company, we are delighted to have recently announced Reign Blockchain to authenticate conflict-free Sapphires, the acceptance of bitcoin as a method of payment, and now the establishment of our cryptocurrency and blockchain-based loyalty rewards program,” commented Reign CEO, Joseph Segelman.
But, this is more than just a blockchain play. The company has also done a terrific job of aligning itself with key “influencers”, as evidenced by its late January announcement of its new Athleisure jewelry brand ION Collection x Jen Selter launched today with over 1,000 pre-sale registrants and 36,800 Instagram followers.
Jen Selter is one of Instagram’s most followed Social Media Mega Influencers with a combined following of over 33 million followers across all of her social media accounts. Consistently, Ms. Selter has been on Forbes Top Ten Fitness Influencers, with @jenselter currently at 11.5 million international followers and @couplegoals at 4.5 million followers. Ms. Selter is one of the most recognizable Instagram influencers with global reach and engagement.
This move was further backed up by the company’s announcement that it has signed an agreement with StarShop to promote ION Collection by Jen Selter as well.
However, frankly, all of this is probably just a scaffolding upon which sits the glittering gem of the situation: The company just put out a key update on the upcoming ICO for Reign Coins. This was instructive. From this update, we learn that the coins are unique in the sense that they are backed by real Australian sapphires processed under the supervision of the company, and using the company’s supply chain.
In addition, as the network’s collectively owned assets earn interest and fees through means of transacting, that growth can be shared by all coin holders in the network. Each wallet can passively collect a portion of Reign Coin’s growth in the form of new Reign Coins, which can be air dropped to each address. And finally, each Reign Coin transaction generates a transaction, like any other cryptocurrency. A portion of the cumulative transaction fees can be reinvested into sapphires, the asset that is backing each Reign Coin. This should increase the base price, as well as improve the solidity of each coin.
Technically, the stock has been holding key support at the $0.10/share level on steadily improving liquidity. We also just saw breakouts above both the 50-day and 200-day simple moving averages over the past few trading sessions. These are potentially enormous signals.
And all of this comes in the context of a broad upward trend that has been in place for the past 8 months, during which time, shares of the stock have advanced over 200%, and as much as 500%.
RGNP shares have shown dramatic upward action in the past. For example, in October of last year, we saw this stock blast off for over 100% in gains over just 4 days. Given the company’s most recent string of major catalysts and the tiny 4 million share float in play, this type of move is possible at any time.
RGNP (Reign Sappphire Corp.) is a Los Angeles-based, D2C custom and branded jewelry company with three divisions: Reign Brands featuring Reign Sapphires, which are ethically produced, millennial targeted sapphire jewelry, Coordinates Collection, which is a custom jewelry, inscribed with location coordinates commemorating life’s special moments, and Le Bloc, a classic customized jewelry and athleisure jewelry brand ION Collection by Jen Selter.
Reign Ventures the Company’s joint venture platform for investment and development of jewelry technology related products.
Reign Blockchain to authenticate Sapphires as conflict-free and ReignCoins Reign’s cryptocurrency and blockchain-based loyalty rewards program.
- RGNP is a new and interesting application of blockchain technology that could take the world of gemstone tracking by storm this year.
- RGNP has a teensy tiny float of just 4M shares knocking around on the market, which suggests this thing could power higher on any kind of influx of new trading interest.
- RGNP just broke out above both the 50-day and 200-day moving averages.
- RGNP just recorded a MACD Bullish reversal, suggesting a technical change in trend.
- RGNP has also been working aggressively to align itself with key “influencers” such as Jen Selter, recently announcing several key deals.
RGNP is moving forward as a premier blockchain play for the global rare gemstone market. The company has been working to align itself with key influencers such as Jen Selter and moving toward a number of strong tactics to market to the booming millennials demographic wave.
The chart is flashing key technical signals suggesting strength ahead, and the float is tiny, at just 4 million shares. This stock is made to break out right now. Do not take your eyes off it!