The Best Crypto Penny Stocks to Watch Now

By Timothy Sykes

Last updated on September 13, 2022
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Top Crypto Penny Stocks to Watch: Key Takeaways

  • Crypto looks like it’s basing … these penny stocks might be too!
  • Stock #1’s a PR pump machine, and lately it looks like it’s back from the dead…
  • OTC spikers are back — and that’s good news for crypto penny stocks…

Get The #1 Crypto Trade For September 2022 For Just $5!

Things have looked bad for crypto … and the penny stocks that run with it.

My students know to never “hold and hope” — yet that’s what so many newbies are doing now. The smart move is to respect price action, and take bitcoin winter as a time to prepare. What’s the best way to prepare? Build your watchlists, so you can be prepared for the sector’s next move!

What Are Crypto Penny Stocks?

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Crypto penny stocks are stocks of companies that mine, hold, or invest in bitcoin (BTC), crypto altcoins, or blockchain technology. These can include companies entering the metaverse and NFT space since both use blockchain technology.

Crypto stocks went on an insane run in 2017. But they consolidated for years until bitcoin broke out to new highs in late 2020.

Over my 20+ year career trading penny stocks, I’ve seen plenty of hype around new potential hot sectors…

I made my first million in college during the dot com boom. (Read all about it in my NO-COST book “An American Hedge Fund.”) And hot sector hype returned with weed stocks in 2018, and again in 2020 with mask and biotech stocks. Now crypto’s the new kid on the block.

But I don’t look for the best cryptocurrency to buy, or trade sketchy cryptocurrencies like Shiba Inu or SafeMoon. I focus on trading sympathy plays in crypto penny stocks. Here’s what I’m watching…

Top Crypto Penny Stocks to Watch

The stocks on my watchlist aren’t recommendations to buy. Heck, I don’t know if I’ll even trade them all. But I’m always looking for potential future setups.

NEVER blindly follow alerts or hot picks. Ever! 

Do your own research. Your goal is to eventually become confident in your own trading plan.

Crypto Penny Stock #1: One World Universe Inc. (OTCPK: OWUV)

Last time I published this list was way back in Bitcoin’s December glory days…

Guess which stock led the roundup? That’s right — OWUV.

One World Universe Inc. specializes in sports related businesses, distressed assets, business “emerging industries,” the metaverse, and humanitarian efforts in over 185 countries. Basically it takes on anything that can feed the press release machine.

Key points on OWUV…

  • These press releases still produce results. The penny stock spiked 430% over a week in July, and 80% in early August.
  • I traded it for over $3,100 at the end of its July run. Then I lost $1,100 in two more trades. It’s not the first time I’ve seen this stock totally fall apart.
  • PR isn’t the only thing moving this stock. That’s why I tell my students to study their charts! The market knows that this junky stock can capitalize on volume … and collapse just as quickly.

When OWUV post 2,000% gains last December, a lot of newbies got swept up in the excitement. They’re now waiting to sell their junky HODLings into any spike. Despite that, this stock can run with the best of them.

Crypto Penny Stock #2: Riot Blockchain Inc. (NASDAQ: RIOT)

RIOT is one of the big names in the bitcoin mining business. As of December 31, 2021, it operated approximately 30,907 miners.

Key points on RIOT…

  • RIOT runs when bitcoin runs. That’s why it’s a sector leader. That’s also why it’s lost 550% of its value since last November.
  • This year, it learned a new trick — selling power, not using it to mint bitcoins. This helped its sales equal what they would’ve been if bitcoin was still at $40,000!
  • As of the end of May, Riot still held about 6,536 bitcoin — enough to ensure it will bounce when bitcoin does.

Despite the differences, crypto charts can look pretty similar to penny stocks.

That’s also true of a stock like RIOT. You don’t get a 3,500% run like RIOT had leading up to February 2021 on fundamentals.

Now, RIOT is just above penny stock threshold. When bitcoin heats up, expect this stock and Marathon Digital Holdings Inc. (NASDAQ: MARA) to get frothy.

Crypto Penny Stock #3: Exxe Group, Inc. (OTCPK: AXXA)

Let’s get back to the OTC spikers. Exxe is a “diversified” fintech, private equity, and real estate company. They diversify into whatever fills their press releases!

Key points on AXXA…

  • I’ve traded this penny stock for almost $7k since 2018. It’s had some awesome spikes, but it’s a total scam.
  • The catalyst for AXXA’s January run was the Metaverse. A few months later, it was a crypto exchange.
  • Four years ago, I sold my AXXA shares for $0.29 each. In my latest trade, they were down to $0.02. See why holding these stocks is a losing strategy?

I last traded AXXA for a $562 profit in mid-August (starting stake $5,469). It was a textbook case of how former runners can run again — and proof that studying a stock’s chart can pay off!

Crypto Penny Stock #4: Bitfarms Ltd. (NASDAQ: BITF)

Bitfarms is a Canadian crypto miner.

Key points on BITF…

  • This is a listed stock. Its chart is far more consistent than OTC crypto penny stocks.
  • It hasn’t pivoted to power production like other bitcoin miners. Despite rising mining costs, it mined more bitcoins in the first half of 2022 than sector leader MARA!
  • Lately, it’s been getting good press on its fundamentals.

BITF doesn’t have the volatility of the crypto penny stocks I’ve historically traded. It can still make runs — like the 86% climb it had from mid-July to mid-August.

Crypto Penny Stock #5: Canaan Inc. (NASDAQ: CAN)

Canaan is a Chinese crypto mining firm specializing in backend operations. It designs and sells bitcoin mining equipment.

Key points on CAN…

  • CAN is another listed stock. It’s held up better than most crypto stocks in the past six months.
  • It’s what passes for a defensive stock in the crypto sector. Even when the price of bitcoin is going down, crypto miners still need CAN’s services! This has also helped CAN survive China’s crypto mining crackdown.
  • CAN had a similar mid-August rise-and-fall to other crypto penny stocks. It reported good earnings, but reports suggest CAN is still in the shady penny stock category.

If crypto has a resurgence, Chinese stocks will be a part of it. I like CAN’s chances to ride the wave.

See the Hottest Stocks I’m Watching

top penny stocks list September 13, 2021 Tim Sykes drinks coffee in Positano Italy working on Mindset Master
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Check out the stocks I’m watching each week for no cost — subscribe to my weekly watchlist here.

Will you find crypto penny stocks on my list? That depends. I go where the hottest market action is.

What’s even better than my weekly watchlist? You can get my full watchlist EVERY trading day with a Profit.ly subscription. Choose the best subscription for your dedication level here.

My goal with every watchlist is to help you learn. Use my watchlists to study the patterns, catalysts, and price action. Then build a trading plan of your own.

Crypto Penny Stocks: The Bottom Line

Crypto penny stocks tend to move together based on sector momentum.

NEVER try to predict the market or a hot sector — react to what the market shows you.

Watch for major news in the crypto industry. StocksToTrade’s Breaking News Chat alerts the top crypto penny stock news every trading day. Grab your 14-day trial for only $17 here.**

And keep your goals reasonable. Swing for singles. Learn to be patient and wait for your best setups to come to you. That’s what I teach students in my Trading Challenge

Ready to put in the work to become a self-sufficient trader? Apply today!

What do you think about these crypto penny stocks? Let me know in the comments below!

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Comments (1)
Author imageTimothy Sykes
Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.

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