Phunware (PHUN) Surges 55% Last Week: More to Come in February?

Blockchain stocks have been in focus lately among investors and one such stuck that could be tracked by investors at this point in time is that of Phunware Inc (NASDAQ: PHUN).

Over the course of the past week, the stock managed to deliver gains of as high as 55% and on Friday alone, the Phunware stock soared by 27%. The rally in the stock came about after a major announcement from the company back on January 21.

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Phunware announced its plans for the year with regards to the commercial launch of two of its blockchain-based products. One of those is a Customer Data Platform while the other is a Mobile Loyalty Ecosystem.

On top of that, the company also announced that it is looking to cut down in the supply of PhunCoin and Phun Tokens in 2021 with the view of promoting a stronger token economy. Phunware is one of the stocks that investors could track on Monday.

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Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.