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Enthusiast Gaming Stock Soaring Over Recent Weeks

 

November 24, 2021 (Investorideas.com Newswire) With the announcement of the new Metaverse, we've seen related stocks climbing up, but other companies have not been far behind. Roblox (NASDAQ: RBLX) is a good example, which will likely be closely tied in with similar metaverse technologies. But the real excitement is currently with Enthusiast Gaming (NASDQ: EGLX) and EGLX stock.

It comes as something as a surprise for investors as EGLX stock has been on something of a spiral after it hit a high as far back as April, but over that time EGLX stock has lost around half of its total value, even when including the latest climb. But with the new metaverse technologies being released, Enthusiast Gaming has seen a big rise in its stocks after having become a more popular choice for investors, and we've seen EGLX stock rise more than 20% in a day.

Enthusiast Gaming first gained interest from investors during the pandemic and became a hub for fans of video games as well as esports to collaborate among one another. And while initial investments were high, EGLX began to drop for most of 2021 but saw a jump just recently, partly due to the increase in visitor traffic.

Enthusiast Gaming reported that they had almost 48 million unique visitors to their platform over the course of the month of October, the kind of number usually associated with sites like http://onlinepokiesnz.co.nz. This number of visitors is second only to Twitch and is ahead of Roblox. While it didn't quite chop the charts overall, being able to attract so many unique visitors in a single month was enough to see it regain much of its lost stock.


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