Adding “Blockchain” to Name Causes Soaring Valuation, Reminiscent of Dot-Com Bubble

domainking131

Forum Leader
Staff member
At the peak of the tech bubble, adding an 'e-' prefix or '.com' suffix caused the valuations of companies to jump multifold. During this Bitcoin bull run, adding 'Blockchain' seems to have the same effect.

On-line Plc or On-line Blockchain Plc?
On-line Plc is a small, nondescript company in the UK, which has been listed in London since 1996. The Company started as a holding company for a group which developed multiplayer computer games for the internet, and has gradually transformed into a technology investment company.

On 26-Oct-17, the Company announced its intention to change its name from On-line Plc to On-line Blockchain Plc. The Company stated that it had been working for some time to provide systems to support the roll out of Blockchain technologies across a range of applications.

The decision of the Company to change its name provided a boost to the share price, resulting in the Company gaining 19% on Thursday. This turned out to be pretty insignificant, compared to what happened on Friday. The share price of the Company increased by 400%, from 17p the previous day to 84p. Shares closed the day at 46.50p, a 173% gain over the previous day's close. The volume traded on Friday was multiple times the yearly trading volume of the Company.

Riot Blockchain
On-line Blockchain Plc is not the only instance where investors have rewarded a company for changing its name. When a biotech company changed its name from Bioptix Inc to Riot Blockchain, its shares surged by 17%. This was in addition to the almost 100% gain the stock had in the days leading to the announcement. It didn’t matter that Bioptix Inc was previously a manufacturer of diagnostic machinery.


Source
 

Swisslist

Member
When a biotech company changed its name from Bioptix Inc to Riot Blockchain, its shares surged by 17%. This was in addition to the almost 100% gain the stock had in the days leading to the announcement. It didn’t matter that Bioptix Inc was previously a manufacturer of diagnostic machinery.
Source
It's interesting, but I don't know if I like where this is going. Google might take issue with it as well. How can someone find what this site is selling when the domain name is totally irrelevant?

Sell your stock now. It's going to be worthless pretty soon.
 
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