Top Crypto Penny Stocks to Watch: Key Takeaways
- Powerbridge Technologies Co., Ltd. spikes 60% crypto mining announcement.
- Why BTCS Inc. is on my radar.
- Recent supernova Life Clips, Inc. just released more news and is holding a support level. Will it break down or bounce to the upside?
Crypto OTCs are riding sector momentum, while a listed stock surges on news it will mine bitcoin and ethereum. Get to work building your crypto watchlist now. Start with these five…
- Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS … read our analysis here)
- BTCS Inc. (OTCQB: BTCS … read our analysis here)
- Life Clips, Inc. (OTCPK: LCLP … read our analysis here)
- CYIOS Corporation (OTCPK: CYIO …. read our analysis here)
- DMG Blockchain Solutions Inc. (OTCQB: DMGGF … read our analysis here)
Top Crypto Penny Stocks to Watch
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: Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS)
PBTS is a software tech company that offers businesses cloud solutions and services.
The company announced it’s expanding its blockchain business to include crypto mining for bitcoin (BTC) and ethereum (ETH) on August 12.
The stock had a huge gap up and soared over 60% after the news. It also traded more volume than it ever has — over 200 million shares.
But the stock has a history of one-day spikes. I won’t chase it. I’ll watch PBTS for a potential dip buy into a big panic.
Crypto Penny Stock #2: BTCS Inc. (OTCQB: BTCS)
BTCS is a blockchain and digital currency company.
The company released second-quarter financials and a business update on August 9. And on August 11 it announced the addition of Tezos (XTZ) to its blockchain infrastructure operations.
I’ll watch it for a potential breakout over 75 cents if the overall sector momentum continues.
Crypto Penny Stock #3: Life Clips, Inc. (OTCPK: LCLP)
Life Clips is listed on the OTC markets website as a logistics, sales, and marketing company. But it entered the crypto space in July when it acquired global blockchain and digital currency platform Belfrics Group.
On August 10, LCLP announced that Belfrics’ digital exchange platform is now operating in eight countries with expansion into Spain expected in January 2022.
LCLP’s a recent runner that’s holding the 2-cent level as support. If it breaks down, I’ll watch for a panic dip buy. But if it holds and breaks out above 3 cents, we could see more potential upside. Ideally with a news catalyst and high volume.
Crypto Penny Stock #4: CYIOS Corporation (OTCPK: CYIO)
CYIO joined the crypto space when it acquired Helio Lending in March. Helio built a platform that allows cryptocurrency holders to earn interest on deposits and secure loans using certain cryptocurrencies as collateral.
There’s no recent news on the company but the stock’s uptrending. It has multiple green candles in a row on the chart. It’s now trading near resistance at 20 cents. I’ll watch for a reaction to the resistance level before planning a trade.
Crypto Penny Stock #5: DMG Blockchain Solutions Inc. (OTCQB: DMGGF)
DMG Blockchain develops digital solutions to monetize blockchain technology. It’s also a bitcoin mining company.
On August 11 the company appointed a new chief financial officer and corporate secretary. DMG also announced the CEO will present at the Q3 Virtual Investor Summit on August 17 at 3:30 p.m. Eastern.
The stock recently had a multi-day run. It broke out over $1 and it’s holding that level as support. I’ll watch it for more potential upside with a catalyst, high volume, and sector momentum.
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.
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