Top Crypto Penny Stocks to Watch: Key Takeaways
- LCLP gained over 100% on acquisition news. See how I did on my trade below…
- Three stocks with news and big gains — all alerted by StocksToTrade’s Breaking News Chat.
- OTCs are HOT and one Nasdaq stock joins the party…
Learn the strategies that kept me in the game — and profitable — for 20+ years*
Breaking news is creating huge spikes in crypto penny stocks. I traded a 100% gainer for four-figure profits* — and I only caught a tiny piece of the move! That’s what’s possible with volatile penny stocks. Find out what I’m watching this week and how you can catch the next BIG gainer below.
- KYN Capital Group, Inc. (OTCPK: KYNC … read our analysis here)
- Argo Blockchain plc (OTCQX: ARBKF … read our analysis here)
- Life Clips, Inc. (OTCPK: LCLP … read our analysis here)
- Britannia Mining Inc. (OTCPK: BMIN …. read our analysis here)
- ProTek Capital, Inc. (OTCPK: PRPM … read our analysis here)
- BlockQuarry Corp. (OTCPK: ISWH … read our analysis here)
- ZK International Group Co., Ltd. (NASDAQ: ZKIN … 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: KYN Capital Group, Inc. (OTCPK: KYNC)
KYNC is a blockchain holding company. Its Koinfoldpay crypto payment system allows businesses to accept online crypto payments.
On August 25 the company announced it’s “on track to release a series of products, including an overhaul to the corporate website, the Koinfold™ Crypto Exchange, a Home Services Marketplace, as well as a Super App which integrates all these services and more into its own powerful proprietary platform,” between September 15 and October 15.
Read the full press release here.
The stock had its first green day after the news. It gapped up the next day but wasn’t very volatile. It’s a former runner that’s way off its highs. The chart looks like a #6 from my 7-step pennystocking framework. I’ll watch it for a morning panic dip buy.
Crypto Penny Stock #2: Argo Blockchain plc (OTCQX: ARBKF)
ARBKF is a crypto mining company.
On August 17 the company announced it’s the first “publicly traded cryptocurrency mining company to report it has become Climate Positive for Scope 1, 2, and 3 Greenhouse Gas (GHG) emissions associated with all of its respective crypto-related operations.”
The company also released its climate strategy on the same day. Read the full press release here.
ARBKF isn’t super volatile, so swing for singles if you trade this one. It’s trading sideways just under $2. I’ll watch it for a potential breakout over that level.
Crypto Penny Stock #3: Life Clips, Inc. (OTCPK: LCLP)
Life Clips entered the crypto space when it announced the acquisition of blockchain and digital currency exchange platform Belfrics Group in July.
The stock was on watch last week for a break out of the pennant flag on the daily chart. It broke out on August 26 when the company announced it closed its Belfrics acquisition. (Past performance is not indicative of future results.)
The stock soared on the news…
I dip bought it in the morning when I saw the StocksToTrade Breaking News Chat alert. I bought 399,600 shares at $0.0354 and sold too soon at $0.039 for a profit of $1,439.* (I’ve made almost $10,000 trading this ticker since July. See my recent LCLP trades here.*)
The stock continued to climb and gained over 100%!
I think every trader should have StocksToTrade’s Breaking News Chat working for them.** The team gets breaking penny stock news out FAST.
Try a 14-day trial of StocksToTrade with the Breaking News Chat now for only $17.** I think it’s a small price for breaking news delivered right to your screen as it happens.
I won’t chase LCLP now. I’ll watch for a dip buy into any big panic.
Crypto Penny Stock #4: Britannia Mining Inc. (OTCPK: BMIN)
BMIN is a mining company that just entered the crypto space through a merger. It’s another StocksToTrade’s Breaking News Chat winner from last week’s watchlist.*
The breaking news was on August 19, when the company announced it merged with Bullet Blockchain, Ltd. to pivot from mining operations to bitcoin mining.
I was watching it to either breakout over the August 19 high of $0.0235 for more upside or a breakdown for a panic dip buy. The stock broke above $0.0235 on August 23 and had a two-day run, going from roughly 2 cents to almost 7 cents. (Past performance is not indicative of future results.)
Now volume’s fading and it’s struggling to hold near its highs. I’ll watch for a panic dip buy.
Crypto Penny Stock #5: ProTek Capital, Inc. (OTCPK: PRPM)
PRPM’s a sketchy sub-penny OTC that changes its business to follow hot sectors. It joined the marijuana sector when it was hot, now it’s in the crypto sector…
The company recently acquired Black Dragon Resource Companies Inc. (BDGR) to develop various forms of digital currencies, blockchain codes and programming, and NFTs. On August 26, the company released news on the OTC markets website announcing BDGR ‘minted’ over 60 billion B$D Black Draco coins.
StockToTrade’s Breaking News Chat alerted the news in premarket. The stock gained 40% on the news. But without a press release, there wasn’t much volume.
I’ll watch PRPM for a press release to bring in more volume. But it’ll have to be a perfect setup for me to trade it since sub-pennies aren’t my favorite.
Crypto Penny Stock #6: BlockQuarry Corp. (OTCPK: ISWH)
ISW Holdings Inc. is currently transitioning to its new company name, BlockQuarry Corp…
It’s another stock returning from last week’s watchlist. I’m watching it as a bitcoin sympathy play since the stock seems to follow the sector leader closely. The company also released second-quarter financials and a corporate update on August 23…
Company president and chairman Alonzo Pierce said, “We have significant equipment now running and just received another large delivery of miners, so we are now cooking at a pace of well over $5 million in annual revenues on a monthly basis, with substantial growth ahead over coming months.”
Read the full press release here.
I’ll watch ISWH for a multi-day breakout over 89 cents. Ideally, it will continue to run and break above $1. That could be a more important level.
Crypto Penny Stock #7: ZK International Group Co., Ltd. (NASDAQ: ZKIN)
ZKIN is a Chinese stainless steel supplier that owns a blockchain subsidiary, xSigma Collectibles Limited.
The stock gained almost $1 per share on high volume after the company announced record revenue for the first half of 2021 and an NFT partnership on August 26.
The subsidiary xSigma will partner with Maxim to launch MaximNFT.com. Under the agreement, xSigma will operate the NFT platform, and Maxim.com will endorse and promote the platform.
Read the full press release here.
I’ll watch ZKIN for a potential breakout over the $5 resistance level.
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.
The post The Best Crypto Penny Stocks to Watch Now appeared first on Timothy Sykes.
