For years, US Energy Initiatives Corp, Inc. (OTC:USEI) has achieved significant growth operating in the green energy, cryptocurrency and cannabis industries. Recently, the company has announced its intent to capitalize on the metaverse industry through mining and owning future profitable coins such as Sumcoin. With zero debt and millions in assets, USEI could be well-positioned to capitalize on the growing industry. With this redirection and the company’s growth plans for the year ahead, investors believe USEI stock could be severely undervalued.
USEI Stock News
2021 was a year of significant growth for USEI shareholders as the company worked to expand its presence in the green energy sector and beyond. Through its subsidiary – USEI Cannabis Corporation – the company has established itself in the MJ industry by marketing topical ointments, cannabis oils, tinctures, and vapor pens.
Capitalizing on cannabis legalization in California, USEI purchased MRX 20L Supercritical CO2 extraction unit – a device used to extract oil from cannabis. The device is well-known for its ability to convert 18-28 pounds of cannabis trim to cannabis oil – which could potentially generate up to $16,000 in daily revenues for USEI.
Aside from growing its operations in this sector, USEI kicked off last year with a roadmap for growth centered around initiating its cryptographic currency and mining operations as well. In fact, the company intends to apply its experience in the green energy sector to use natural gas and wind in its cryptocurrency mining process. To deliver on this, the company has previously entered into an agreement and took ownership of 52,700 Sumcoins – each valued at only $5. Given that the coin is currently valued at $897 and continues to trend upwards, this investment is crucial to USEI’s growth plans.
In light of these efforts, USEI is well-positioned to deliver on its metaverse plans and capitalize on this projected $8 billion industry. To fund this new business direction, the company transferred digital assets worth $10 million to the Sumcoin index fund to be sold at market value before the end of Q1 2022. Upon obtaining the necessary capital, USEI intends to pursue an aggressive acquisition model to capture opportunities and establish its presence within the metaverse. Additionally, with the funding, the company will have the ability to kick off its green mining operations – which is expected to generate significant revenue in the near future.
USEI is already making progress in its mining operations with a standing order of L3 miners Bitmain Antminers – which are known for their ability to mine a large number of script algorithm coins and tokens. As the company continues to utilize green energy in its operations, USEI already has a competitive edge in its crypto mining given its considerably limited carbon footprint. With these factors in mind, USEI could easily diversify its coin portfolio and maximize its profitability.
Bullish on the company’s redirection and long term goals, USEI’s CEO – Anthony K. Miller – highlighted the company’s plans to further establish its presence within the metaverse by purchasing property as well as growing into the NFTs sphere. To fund this, Miller said that USEI will “continue to transfer Sumcoin on consignment, over the year, in order to gather the cash needed to grow”. Through this, the company could deliver on its goal and enjoy “a very lucrative 2022”.
Media Sentiment
USEI stock has garnered attention from big investors including @StrategicStocks in anticipation of its impending catalysts playing out.
Technical Analysis
USEI stock is currently trading at $.0015 with a strong support at .0009. The stock shows a primary resistance at .0022 and a secondary resistance at .0036. Accumulation has been steady following a major dip on January 6th. The MACD is showing a bearish crossover to the downside. Meanwhile, the RSI is holding at 33, which indicates that USEI stock is slightly oversold at the moment.
These indicators highlight the fact that USEI stock could be severely undervalued. However, considering the company’s ventures into new industries and its list of upcoming projects, the stock could see an increase very soon. Given that the stock is trading near its support, now could be a good time to secure a starter position on USEI stock before its metaverse plans send it on a run to its resistance of $.0036.
USEI Stock Forecast
As the company continues to capitalize on new opportunities, USEI stock could be a profitable good long term investment. With over $11 million in assets and zero debt, the company is well-positioned to capitalize on the metaverse industry. In light of its efforts, expansions and new ventures, many believe USEI could be severely undervalued and is positioned to trade at new highs in the near future.
In fact, the company’s competitive edge in the green crypto mining industry and NFTs could facilitate major growth for the company in 2022. Taking into consideration this list of upcoming catalysts as well as the company’s promise of no dilution or reverse split, investors are bullish on USEI’s potential.
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