Not only cryptocurrencies can rise 26% in one day

We have already become accustomed to the enormous rises in the price of some cryptocurrencies, it is something that surprises, fundamentally analysts and investors in traditional markets, the general rule for normal times is that the rises be gradual and predictable, including studies and stocks and securities behavior tools are well entrenched in those matters.

In a newer, more technological, and agile market such as cryptocurrencies, there is still a lot to collect, study, learn to predict behaviors, and get the forecasts right.

Of course, there are the unforeseen, a piece of news, for example, can make a fundamental turnaround in the price of a currency or in this particular case of the stock of a company, it is not frequent, but sometimes, if the news is shocking and has the potential to grow production, jobs or technological advances may happen that there is a big jump in the price.

Something like this happened a few days ago with a national firm unknown in the global economy to most people involved or not in finance. This is the company Bioceres, an Argentine company that develops biotechnology for agriculture. This company in 2015 presented a transgenic soya seed resistant to drought, in a short time it achieved approval in the country itself, the United States, Canada, Brazil, and Paraguay, among the five countries they currently represent more than 4/ 5 of all soybeans produced in the world.

The news broke that China has just approved the seed after six years of waiting and that news reached the Nasdaq where Bioceres has been listed since the previous year and its stock shot up an incredible 26%.

This company has an excellent track record as it was able to identify the gene for drought resistance in sunflowers and then applied it to wheat, always with excellent results, then the move to soybeans was only a matter of time.

China is the world's leading importer of soya and derived products and the presentation of the authorization had been made in October 2016, it is the first time that a product of these characteristics developed in our country obtains such a permit.

Congratulations rained down from everywhere, mainly from the national government, which is always a partner in good times.