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Closing yesterday’s trading session at $5.89, EQOS shares have gained 85.8% in price over the past month, driven by its recent Polkadot (DOT) token listing on its platform. However, the stock has declined 63.5% in price so far this year.
Several well-known players, including the likes of Robinhood Markets , Inc. (NASDAQ:HOOD) and Coinbase Global , Inc. (NASDAQ:COIN), dominate the digital assets trading market. In contrast, EQOS is still in its early stages of development and faces stiff competition in the competitive cryptocurrency trading industry. In addition, given the company’s poor profitability and bloated valuation, its near-term prospects look uncertain.
