Buy EGWCAP, target US $50 : Judy Albert

STO Analysts
Nov 8 · 1 min read

EGW Capital may be headed for a massive bull run says Judy Albert, author of CryptoAim blog.

Judy has placed a Buy rating on EGW Capital (EGWCAP) token with a target price of US $50 in the next 24 months, considering the US $100 million debt raise plan.

EGW Capital is focusing on financing its business operations through debt, the company is quickly diversifying into attractive businesses like adding lending venture in its portfolio. If you look closely, it is a very clever move. The company has avoided its planned IEO to grow the business with debt, increase valuation of the business and then sell tokens to the investors.

EGW Capital is expanding into low risk, high yield businesses, especially short term loans against salary or lending to the poor and middle class Indian citizens. Keeping in mind the terrible condition of banking sector in India and their less desire to lend to the financially troubled borrowers, the business is expected to gain considerably.

We are placing a buy rating on EGW Capital with a target price of US $50 in the next 24 months. — Judy Albert.

In-depth research on upcoming STO’s and their ratings.

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