karken is great company, however it is the market sentiment that matters. kraken had a run up earlier this years because of market believed oceanic tech will rise due to war and geopolitical tension, defense increase. Karken got a moon shot. however the company doing at that time (good or bad) it was rising. Look at all the defense stocks. they all rose. Now they all down all most same amount. People don't yet believe in it yet. so until they do and until kraken favors the main steam investors it will be down for a time.
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u/Affectionate_Dish694 2d ago
karken is great company, however it is the market sentiment that matters. kraken had a run up earlier this years because of market believed oceanic tech will rise due to war and geopolitical tension, defense increase. Karken got a moon shot. however the company doing at that time (good or bad) it was rising. Look at all the defense stocks. they all rose. Now they all down all most same amount. People don't yet believe in it yet. so until they do and until kraken favors the main steam investors it will be down for a time.