Home Financial Markets Penny Stocks SWRM Stock Increased 127% Last Session. What Was The Reason?

SWRM Stock Increased 127% Last Session. What Was The Reason?

Stocks of AppSwarm, Corp. (OTC: SWRM) rose by 127.20% during the trading period on Friday, hitting a low of $0.011 and a high of $0.0287. The AppSwarm stock traded in the session reached 249.58 million shares, nearly nine times more than its average daily volume of 25.18M shares. At the end of its last trading day, SWRM stock ended at $0.0284. SWRM stock shot up after the company announced it would adopt blockchain protocols.

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What were those blockchain initiatives?

AppSwarm is a technology company geared toward building mobile apps and other software for gaming and business, specializing in accelerated development and publishing. Besides partnering with and helping other business development firms with technology development and management, SWRM also enables them in business management and funding requirements.

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  • AppSwarm, a software development company aggregating web and mobile applications, announced the opening of http://dogelabs.io/ to explore the Dogecoin blockchain protocol and develop commercial applications.
  • SWRM recently launched DogeLabs.io, a platform for application research, seminars, and blockchain workshops.
  • To use Doge’s underlying liquidity for mobile and web-based applications, SWRM will leverage Dogecoin’s blockchain for commercial applications.

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Further,

The DogeLabs and TulsaLabs.io startup accelerator will connect blockchain startups with early-stage funding, training, and mentorship to help them take their business to the next level. As part of its effort to build a premier blockchain development consulting and research firm, AppSwarm (SWRM) will be announcing new members to its blockchain advisory board in the weeks to come.

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