While the trend in the cryptocurrency complex has been in a consolidative mode so far in 2018, the explosive promise of blockchain and cryptocurrency remains intact.
In fact, we continue to see massive enthusiasm in the space as well as a large number of highly productive business deals, as investment capital continues to flow into cryptocurrency-centric hedge funds and companies heavily involved in the space.
That’s why we’re so excited about today’s new pick. EPAZ is a cutting-edge play in the blockchain and cryptocurrency space that is beginning to see real traction, real revenue growth, and an extremely interesting supportive pattern in a new and emerging upward trend on the chart.
This is a small float play, which could be like pouring gasoline on the fire. Don’t hesitate to long with this one, or you may really regret it.
Key Points:
- EPAZ is moving into a leadership position and developing high-value IP at the intersection of blockchain and fantasy sports betting, which represents a multi-billion dollar industry worldwide according to recent research.
- EPAZ is making real money, with trailing revs already coming in at $1.8M.
- EPAZ is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.
- EPAZ just recorded a MACD Bullish reversal, suggesting a technical change in trend to the upside.
- EPAZ trades on an extremely tight float of just 19 million shares.
Epazz Inc. (OTCMKTS: EPAZ) specializes in enterprise cryptocurrency blockchain mobile apps and cloud business process software with over 500 repeat customers.
New Bitcoin Mobile app is a financial technology company that offers a unique Bitcoin and Ethereum payment mobile app software, allowing consumers to acquire Bitcoin at the point-of-sale. The consumer can then use the cryptocurrency or digital currency to make a purchase at the store with ease.
Epazz technology makes it easy to convert legacy systems into cloud business process software, for which the company then charges an annual subscription fee. Epazz has acquired eleven software companies that have converted or are in the process of converting their legacy software products to cloud software using Epazz’s technology. Epazz then markets the new cloud-based solutions to new and existing customers.
As far as recent catalysts, the company has been extremely active in shoring up IP, streamlining data deployment, pushing revenue growth, adding users, and plowing headlong into the rapidly growing fantasy sports space.
With this business model, perhaps the most important factor is recurring revenues. That’s why we were excited to see the company recently announced that it had added recurring revenue to the software program with a 90% renewal rate and is releasing five new versions of its cloud programs.
According to that release, “The customer acquisition is up to 30% of the annual subscription cost. Therefore, for every thirty cents of marketing the company spent, it received a dollar in revenue. Moreover, its new customer renewal rate was 90 percent for the second consecutive year.”
More recently, the company just announced that it has filed a provisional patent for a blockchain Fantasy Sports Gambling Solution. As noted there, because the recent Supreme Court decision resulted in fifty separate state laws, the average individual will not have time to look up each state law to determine if he or she is in compliance.
In other words, the company is looking to be able to enable people to participate in fantasy sports gambling within the law, which is difficult considering the many different state laws that apply to space.
This, of course, relates to the company’s ZenaPay solution. ZenaPay will use smart contracts and will track all of the user’s activity. Additionally, the company will allow for new technology and functionality, which will affect the speed of returns and allow players to seek new opportunities. The company already has the intellectual property in place to take advantage of the recent rulings.
The chart for EPAZ is a potential powder keg set to go off at any moment. As noted above, the stock trades on a float under 20 million shares, which means there simply isn’t enough supply rattling around on the market, given that the stock has shown the capability to trade millions of shares in a single day when it gets into the spotlight.
This can potentially massively exacerbate upside momentum in a manner that’s very similar to a short squeeze.
Right now, the MACD indicator is flashing a new bull signal following the stock’s stronghold of support last week at the nickel level.
Recent action has taken shares back above the key 20-day exponential moving average as well as the even more important 50-day simple moving average. We look for a breakout above the dime level as potentially enormously important for driving huge new trading interest into the stock.
The whole picture right now for this blockchain player is something like a lit firework.
About EPAZ
EPAZ (Epazz Inc.) specializes in enterprise cryptocurrency blockchain mobile apps and cloud business process software with over 500 repeat customers. New Bitcoin Mobile app is a financial technology company that offers a unique Bitcoin and Ethereum payment mobile app software, allowing consumers to acquire Bitcoin at the point-of-sale. The consumer can then use the cryptocurrency or digital currency to make a purchase at the store with ease. Epazz technology makes it easy to convert legacy systems into cloud business process software, for which the company then charges an annual subscription fee. Epazz has acquired eleven software companies that have converted or are in the process of converting their legacy software products to cloud software using Epazz’s technology. Epazz then markets the new cloud-based solutions to new and existing customers. According to company materials, “Epazz, Inc. is a leading cloud-based software company that specializes in providing customized cloud applications to the corporate world, higher-education institutions and the public sector. Epazz BoxesOS™ v3.0 is the complete business web-based software package for small- to mid-size businesses, Fortune 500 enterprises, government agencies and higher-education institutions. BoxesOS provides many of the web-based applications organizations would otherwise need to purchase separately.”
