Category: Penny Stocks

Cryptocurrencies bounced back this week — that’s great for some crypto penny stocks. But the crypto stocks on my watchlist are moving on their own catalysts — earnings, promotions, mergers. And an OTC company applied for an IPO on a U.S. exchange. Plus, two tickers return to the watchlist from last week... One could be poised for a short squeeze. And they’ve been some of the biggest spikes and runners we’ve seen in the market lately, so watch it for a potential big move. Here are the top 6 crypto penny stocks I’m watching now... Top Crypto Penny Stocks to Watch First, here are the top OTC crypto stocks I’m watching this week… And here are a few listed stocks I’m keeping tabs on... Keep in mind that some crypto penny stocks only run when big tokens like BTC make new highs or recover from a big price dip. Note that this list is only a watchlist. These are in no way a recommendation to buy or trade. Always do your own research. And only trade a stock if you have a plan and it fits your setup. Crypto Penny Stock #1: Life Clips, Inc. (OTCPK: LCLP) LCLP is a huge OTC spiker. It returns to the watchlist from last week. It had massive moves on July 14 and 15 after announcing it’s entering the crypto space by acquiring Belfrics Group. It went from sub-penny territory to over 6 cents a share in a few days. On July 22 the company announced it had a meeting with the Tanzanian government to discuss its blockchain solutions. “Belrium, which is Belfrics Group global blockchain technology, is one of the only blockchain to have a stringent financial framework ensuring data security, which is extremely crucial for government authorities.” Read the full press release here. The stock’s consolidating and holding up well, but volume’s fading. I’ll watch LCLP for a dip buy opportunity into a big morning panic. Crypto Penny Stock #2: KYN Capital Group, Inc. (OTCPK: KYNC) KYNC is a holding company for crypto and blockchain payments. Its payment gateway, Koinfold, allows businesses to accept cryptocurrency for online payments. The most recent news on the company is from July 13. The company announced it hired ArtistRelations.com as a consultant to promote Koinfold in the music and entertainment industry. Read the full press release here. The stock had two big green days on July 21 and 22. I won’t chase it. I’ll watch this one for a morning panic dip buy. Crypto Penny Stock #3: Support.com, Inc. (NASDAQ: SPRT) Tech company SPRT will merge with bitcoin miner Greenidge Generation Holdings in the third quarter of this year. It’s another stock returning to the list from last week. And it’s not technically a penny stock anymore. On July 22 the stock broke out over $6. But it has a low float of fewer than 10 million shares, it’s former runner, and it has lots of mentions in the Reddit penny stock chat room. That’s why I’m watching SPRT for a potential short squeeze. Crypto Penny Stock #4: BlackStar Enterprise Group, Inc. (OTCQB: BEGI) BEGI is involved in crypto-related ventures and developing a digital equity trading platform. On July 21 the company announced its BlackStar Digital Trading Platform (BDTP) is complete and in the final phase of quality assurance. Read the full press release here. The stock bounced off the 2-cent level and is trading around 3 cents. I’ll watch for more volume to come in and a breakout over 4 cents for a potentially larger move. Crypto Penny Stock #5: BIGG Digital Assets Inc. (OTCQX: BBKCF) BIGG Digital Assets is a Canadian crypto company. It develops blockchain technology and brokerage and exchange software. The company announced second-quarter financial results on July 20. The stock traded higher after the news and broke out over $1. If it can stay above $1 it could have more potential upside. I’ll watch it for another catalyst to bring in more volume. Crypto Penny Stock #6: Argo Blockchain plc (OTCQX: ARBKF) Argo Blockchain is a cryptocurrency mining company based in London. On July 21 the company announced it filed paperwork with the SEC for a proposed dual listing and IPO offering of American depositary shares (ADS). The company currently trades on the London Stock Exchange. Read the full press release here. The company hasn’t determined a price or number of shares for the proposed offering. It also didn’t name an exchange but previously mentioned it was considering listing on the Nasdaq. The offering could start in the third quarter. On July 22, the company announced it began construction on its renewable energy-focused 200-megawatt (MW) cryptocurrency mining facility in Texas. I’ll watch this one for future press releases about its potential Nasdaq listing and for high volume to come in. See the Stocks I’m Watching I want to help you as much as possible, which is why I offer a NO-COST watchlist. Will you find crypto penny stocks on my list? That depends. I go where the hottest market action is. Subscribe to my weekly watchlist to see what makes the cut. I round up my top watches every week and send them to you. Use these stocks to study the trading patterns, catalysts, and price action. Then build a trading plan of your own. Know that I’m not recommending you to trade the stocks on my watchlist. There’s no guarantee I’ll trade any of these stocks. I’m simply WATCHING them 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. Conclusion When you’re looking for hot crypto penny stocks, keep in mind… These stocks tend to move together on sector momentum. Don’t jump into these stocks before the markets give you a reason. And keep your goals reasonable. Don’t go swinging for the fences. Aim for singles. Watch for major news in the cryptocurrency industry. These stocks probably won’t run without a catalyst. Learn to be patient and wait for your best setups to come to you. That’s what I teach in my Trading Challenge. If you want to become a self-sufficient trader, apply today. What’s your take on crypto penny stocks? I’d love to read about it in the comments! Disclaimers *Please note that reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade. Individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose. **Tim Sykes has a minority ownership stake in StockstoTrade.com.