Top Crypto Penny Stocks to Watch: Key Takeaways
- A company just entered the crypto space through a merger and immediately spiked 50% on the news.
- LCLP has big plans to take advantage of Binance’s ban from Malaysia.
- BTCSD just did a reverse split and applied to uplist to the Nasdaq.
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Crypto penny stock momentum is HOT. Plenty of catalysts are driving these stocks to spike HUGE. Catch all the news and sector momentum without trading sketchy cryptocurrencies. See the tickers and the patterns I’m watching for below…
- LM Funding America, Inc. (NASDAQ: LMFA … read our analysis here)
- BTCS Inc. (OTCQB: BTCSD … read our analysis here)
- Life Clips, Inc. (OTCPK: LCLP … read our analysis here)
- Britannia Mining Inc. (OTCPK: BMIN …. read our analysis here)
- Epazz, Inc. (OTCPK: EPAZ … read our analysis here)
- BlockQuarry Corp. (OTCPK: ISWH … read our analysis here)
- Social Life Network, Inc. (OTCPK: WDLF … 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: LM Funding America, Inc. (NASDAQ: LMFA)
LMFA is a specialty finance company that has plans to purchase up to $2 million worth of bitcoin and ethereum to hold as digital assets.
The company announced second-quarter earnings on August 16 and announced it’s “developing a digital asset technology strategy to grow its community association receivables business both organically and through acquisitions.”
The stock gapped up after earnings but faded. It’s been consolidating around $5 since. I’ll watch it for more potential upside but I’d like to see a crypto news catalyst for a big move.
Crypto Penny Stock #2: BTCS Inc. (OTCQB: BTCSD)
BTCS is a blockchain and digital currency company.
The company announced a 1-for-10 reverse stock split on August 17 as part of its plans to uplist to the Nasdaq. The reverse split was done to raise its stock price to meet the listing requirements. A date for the proposed uplisting wasn’t provided.
The stock trades with a ‘D’ at the end of its ticker until it uplists or 20 days have passed, whichever comes first. If the company uplists it will revert to the ticker BTCS.
I’ll watch this one for more uplisting news and the stock’s reaction. These can sometimes be ‘buy the rumor, sell the news’ type plays.
Crypto Penny Stock #3: Life Clips, Inc. (OTCPK: LCLP)
Life Clips is listed as a logistics, sales, and marketing company on the OTC markets website. But it entered the crypto space when it acquired global blockchain and digital currency platform Belfrics Group in July.
Belfrics Group plans to take advantage of the Malaysian government’s recent ban of the crypto trading behemoth, Binance. It will offer forex and crypto derivatives on its platform starting in September.
Read the full press release here.
The stock has been consolidating since it went supernova in July on its acquisition news. I traded it multiple times during its run-up. See all my LCLP trades here.*
I’ll watch for the stock to break out of the pennant flag on the daily chart. That could create momentum to the upside. I’d like to see it retest its 52-week highs at around 6 cents.
Crypto Penny Stock #4: Britannia Mining Inc. (OTCPK: BMIN)
BMIN is a mining company that just entered the crypto space through a merger.
On August 19 after the company announced it merged with Bullet Blockchain, Ltd. to pivot from mining operations to crypto mining. The company will focus primarily on mining bitcoin.
Read the full press release here.
StocksToTrade’s Breaking News Chat alerted the news in premarket and the stock gapped up and spiked over 50% at the open.*
Get a 14-day trial of StocksToTrade with the Breaking News Chat add-on for only $17 here.**
It’s a choppy stock but it’s been trading higher volume recently. I’ll watch for it to choose a direction before planning a trade. If it gets over the August 19 high of $0.0235, we could see more upside. If it breaks down, I’ll watch for a dip buy into a big panic.
Crypto Penny Stock #5: Epazz, Inc. (OTCPK: EPAZ)
EPAZ is a tech company that offers cloud-based software solutions and blockchain cryptocurrency apps.
On August 18 the company announced that GreenHeart CBD Ltd. will use EPAZ’s ZenaPay Wallet to allow users to pay for products using crypto.
GreenHeart CBD plans to launch a mobile app in the future to enable customers to purchase products using credit and debit cards. And EPAZ will earn fees on those purchases…
Epazz CEO Shaun Passley said, “We see big opportunities with increasing our revenue by earning fee on every transaction with the credit card or debit card purchase.”
Read the full press release here.
I’ll watch EPAZ for a breakout over 2 cents with high volume.
Crypto Penny Stock #6: BlockQuarry Corp. (OTCPK: ISWH)
Earlier this month, ISW Holdings Inc. announced that it applied for a name change to BlockQuarry Corp…
The company president said, “We have reached significant milestones in acquiring and commercializing Blockchain and Cryptocurrency data mining equipment and platforms over the past year. As a result, we are rebranding to ensure our image better aligns with our ongoing operations and long-term strategic goals.”
On August 18 the company announced an asset purchase agreement with Minerset, for the purchase of 150 BitMain S19 95TH/s miners and 250 Canaan AvalonMiner 1246 90TH/s miners.
“The equipment purchase adds $3.8 million in new physical assets to the Company’s balance sheet and will dramatically expand its total in-house mining capacity and hashrate once installed and activated.”
ISWH is a former runner that I’ve traded in the past. I’m actually red on my trades of this ticker. (See all my ISWH trades here.*)
But I’ll keep an eye on ISWH as a bitcoin sympathy play since the stock seems to follow the sector leader closely.
Crypto Penny Stock #7: Social Life Network, Inc. (OTCPK: WDLF)
WDLF is a tech company that offers a cloud-based social network.
On August 16 the company announced a new Decentral Life division to focus on a global decentralized social network and cryptocurrency project. And on August 19 it announced the division launched a WDLF token on the ethereum blockchain.
The stock’s a former runner and had its first green day after the news. I’ll watch it for more upside if it breaks above the August 19 high of $0.0078.
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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