And the fact is, Riot Blockchain posted quadruple-digit year-over-year revenue growth, to the tune of 2,532%. Everybody’s entitled to an opinion, but the facts are what they are.
INCREASE THE RIOT POINTS PRICE FREE
If you’re not quite convinced that Riot Blockchain deserves its reputation as an industry leader, feel free to check out the company’s third-quarter 2021 financial results. So, it’s possible to start accumulating this stock at the current price and adding a few more shares if it declines to $30 and then $25. That’s certainly closer to the support level ($25) than the prior peak (around $80).īuying near the bottom of a defined range can be a profitable strategy. Still, the sellers weren’t able to break through that price floor with any conviction.Īs of late November, RIOT stock was hovering near $35. Yet, this turned out to be a strong support level, as well as a great buy price.įrom May through October, the stock gently came down to $25 numerous times. However, at that time, the market wasn’t prepared to sustain a run-up of this magnitude.īy May, RIOT stock had retraced to around $25. That’s quite a rally, considering the stock had been trading at $18 just a couple of weeks earlier.
INCREASE THE RIOT POINTS PRICE FULL
In February of this year, the RIOT stock buyers came out in full force, pushing the share price up to a 52-week high of $79.50. As we’ll see, Riot Blockchain is still an innovator in crypto-mining technology, while the company also exhibits an astounding top-line fiscal growth rate.
"At this point it's been more than a year and recent fluctuations have been fairly minimal, so we think the time is right to make a change.Clearly, this is a company that is out to dominate its chosen niche market. Instead, they have introduced a £15 option which is meant to make it easier to purchase legendary skins.īut why trigger the price hike now, rather than last year after the Brexit decision?īenshirro said Riot wanted to leave it for a while "to make sure the change was sticking".
The developer has also scrapped the £2.50 price point for RP altogether, claiming it wasn't being used by enough players. The developer has also reassured players the cost of champions, skins and other items will not change after the RP price adjustment, so any RP you buy now at the lower price will still unlock the same amount of content next month as it does currently. According to Riot, none of your existing purchases will be affected and RP will remain the same price until 25th July. This is a one-time change to restore balance in RP pricing globally, Benshirro said. "This change meant that while UK players were spending the same number of pounds on RP as before, players elsewhere in the world were paying a lot more in comparison." "Last June, the UK voted to leave the European Union, triggering a drop in the value of the pound relative to other global currencies, particularly the US dollar," he said. Riot's "Benshirro", who leads the company's publishing effort from its Dublin office, revealed the news on the League of Legends announcement board yesterday morning. Riot Points are League of Legends' in-game currency, and are used to buy skins, League of Legends has over 100m monthly users - a bigger population than 184 of the world's 196 countries.įrom 25th July, prices for RP in the UK will increase by 20 per cent. Bad news for League of Legends fans - developer Riot announced it will raise the price of Riot Points in the UK due to Brexit.
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