Top Crypto Penny Stocks to Watch: Key Takeaways
- A stock from last week’s watchlist returns after a multi-day run and a StocksToTrade Breaking News Chat alert (see stock #4).
- Stock #2 just won’t die, but find out why I won’t chase it higher.
- Stocks #4 and #5 are expanding operations with more mining machines.
Try StocksToTrade + Breaking News Chat for just $17 now.
A breakout in stock #4 played out even better than the plan I outlined last week. And it led to a multi-day run. (Past performance is not indicative of future returns.) Did you catch the move? StocksToTrade’s Breaking News Chat alerted the news. There’s no excuse for missing these plays. Find out what’s on watch this week and how to get access to the Breaking News Chat below.
- Tokens.com Corp. (OTCPK: SMURF … read our analysis here)
- Britannia Mining Inc. (OTCPK: BMIN …. read our analysis here)
- HUMBL, Inc. (OTCPK: HMBL …. read our analysis here)
- BlockQuarry Corp. (OTCPK: ISWH … read our analysis here)
- HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT … 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: Tokens.com Corp. (OTCPK: SMURF)
SMURF is a blockchain tech company that develops DeFi apps for digital asset borrowing and lending.
The company announced it appointed a new CFO and head of communications on September 9. The stock traded record high volume after the news … but it’s still pretty low volume.
I’ll watch it for a breakout over 40 cents. It probably won’t have a big move without high volume and a breakout to new highs over $1.
Crypto Penny Stock #2: Britannia Mining Inc. (OTCPK: BMIN)
BMIN entered the crypto space through its recent merger with Bullet Blockchain, Ltd. Now the company focuses on bitcoin mining.
It’s on my watchlist for the third straight week. I’m watching it for a panic dip buy but it keeps holding up. It’s trading in a tight range near 6 cents.
A breakout over $0.0689 would be new multi-year highs for the stock. But it trades low volume. I wouldn’t trade the breakout without a catalyst and high volume.
I’ll keep it on watch for a morning panic dip buy.
Crypto Penny Stock #3: HUMBL, Inc. (OTCPK: HMBL)
HMBL provides various financial services including digital asset investment.
The company announced the launch of its NFT gallery “for the creation, listing, sale, and purchase of Non-Fungible Tokens (NFTs) on the blockchain,” on September 7.
“The HUMBL NFT Gallery will pilot launch over 15 original collections, including Smallz + Raskind, Fulton Hobbs, Des Tayor, and others across a variety of collectible digital media, with artist representation from the United States, Canada, Mexico, Australia, U.K., and Israel.”
Read the full press release here.
HMBL’s a former runner, but its daily chart looks like a #7 from my 7-step pennystocking framework — the long kiss goodnight. I’ll watch it for a catalyst, high volume, and one of my patterns.
Crypto Penny Stock #4: BlockQuarry Corp. (OTCPK: ISWH)
ISWH provides mining and hosting services in the crypto sector.
It’s another stock returning to the watchlist from last week. It was on watch for a breakout over 89 cents and, ideally, continuation above $1. Especially if bitcoin continued to climb since this one follows it closely…
The stock broke out above 89 cents on September 3 and closed right near $1. The next day it had a huge gap up and continued higher. On September 8 it broke out to new 52-week highs over $1.47 and the next day it made new highs again of $1.79. (Past performance is not indicative of future results.)
The big news that helped drive the run was on September 7. That’s when the company announced a partnership agreement with Bitmain — “the world’s leading producer of cryptocurrency mining hardware and a leading global cryptocurrency mining firm.”
The PR states, “The deal will involve 56,000 Bitmain mining rigs pairing with 200 megawatts (‘MW’) of power at the Company’s ‘POD- CITY’ location in Georgia. The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021. The schedule calls for having all 56k miners hooked up to all 200 MW of power and running full-out by October 2022.”
The company estimates revenues of over $100 million (over $10 million per month) in hosting fees when the miners are running at full capacity.
Read the full press release here.
StocksToTrade’s Breaking News Chat alerted the news. Get this tool working for you now. Start your 14-day trial of STT and Breaking News Chat for only $17.**
On September 9 the company announced the president and CEO will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13–15.
Since the stock just had a huge run, I won’t chase it higher. I’ll watch it for a dip buy into any intraday panic.
Crypto Penny Stock #5: HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT)
HVBT is a Canadian crypto mining company that also operates in Iceland and Sweden.
On September 8 the company announced it ordered 3,000 premium MicroBT WhatsMiners.
“These 3,000 miners will be delivered in 12 equal tranches of 250 miners during calendar 2022 commencing in January and ending in December.”
Read the full press release here.
It also announced it currently holds 1,000 bitcoin in its cold wallets.
The stock follows sector leader bitcoin (BTC) closely. It had a big red day on September 7 after the bitcoin flash crash on September 6. I’ll watch bitcoin for direction before planning a trade.
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.
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!
**Tim Sykes has a minority ownership stake in StockstoTrade.com.