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Best Blockchain Penny Stocks

Some traders love ETFs for instant diversification; others like to pick individual stocks. If you love the challenge and rewards of picking winners out of the blockchain penny stock market, let’s take a look at three tickers that have shown promise.

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First Bitcoin Capital (OTC: BITCF)

Based out of Vancouver, First Bitcoin Capital Corporation provides online services that facilitate consumer transactions. It also offers bitcoin and other cryptocurrency-based services.

First Bitcoin Capital Corporation has a market cap of $36 million and low liquidity with an average daily trade volume of 2,002 shares. The blockchain stock has a 52-week low of $0.04 and a 52-week high of $1.39.

0.09 0 (0%)
Volume 29.81K Market Cap 0.00K
0.01 - 0.1
0.0077 - 1.49
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Katipult Technology (OTC: KTPPF)

Katipult Technology Corp. provides cloud-based software infrastructure to its clients. It has helped thousands of businesses manage their private placements digitally. Products from Katipult Technology standardize compliance, manage subscriptions and give access to enterprise-grade security.

The tech stock has a market cap of $12 million. It has a 52-week low of $0.0002 and a 52-week high of $0.4. Katipult Technology trades more than 22,361 shares per day. It generated revenue of $1.6 million in 2019.

0.23 0.0164 (7.63%)
Volume 25.17K Market Cap 16.03M
0.2202 - 0.2314
0.0002 - 0.3
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MGT Capital Investments (OTC: MGTI)

MGT Capital Investments is a crypto-currency miner. It is involved in mining bitcoin and ethereum. MGT Capital Investments earns revenue by solving blocks to be added to the blockchain. It has partnered with Bitmain Technologies and uses its Bitmain 59 Antminers. The company owns and operates 7,000 Bitmain 59 mining rigs and 50 ethereum mining machines.

The blockchain stock has a market cap of $6.16 million. It has high liquidity with an average daily trade volume of 500,000 shares.

Last year, MGT Capital Investments announced that it had ordered 1,100 Bitmain S17 Antminers from Bitmain. Each miner uses 2,860 W of electricity per hour, allowing much greater efficiency compared to its current inventory of Bitmain S9 miners.

0.12 -0.0098 (-7.66%)
Volume 11.41M Market Cap 59.90M
0.111 - 0.147
0.0107 - 0.065
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Biggest Blockchain Penny Movers of the Day

Big volatility means plenty of opportunities to trade for short-term profits. Here is a list of big movers that you may be able to take advantage of.

The data provided below is intended for educational purposes only, we have included the session dates for your reference.

Premarket Blockchain Penny Stocks
Symbol Last Price Change % Change Trade
Symbol Last Price Change % Change Trade
Market Blockchain Penny Stocks
Symbol Last Price Change % Change Trade
Symbol Last Price Change % Change Trade
After Hours Blockchain Penny Stocks
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There is still time to get in on the ground floor of the blockchain phenomenon. Many of the leading securities in the space are still trading in penny stock territory. We’re already buying houses, funding charities and reducing crime with blockchain tech, but the concept has yet to break into the mainstream. A technology that has proven its utility but still has plenty of room to be implemented is usually a great candidate for growth.

If you want to make quick profits in this market, those opportunities are available as well. We’ll go over some of the best bets in blockchain to help inform your next trading decision.

Overview: Blockchain Penny Stocks

Blockchain technology, the use of digital time stamps for ordering transactions, has been around since 1991. Researchers W. Scott Stornetta and Stuart Haber were looking for a way to create better document timestamps, but blockchain first produced a widespread real world utility as the underlying framework for Bitcoin in 2009. Not too long later, as an objectively better way to record transactions and prevent fraud, the concept of the blockchain is already a part of many mainstream companies behind the scenes.

Identifying when the first blockchain stock appeared is difficult. As Bitcoin began to expand, many small tech companies already on exchanges simply slid over into researching and producing blockchain technology. It is also true that many penny stocks who claim blockchain are using the lexicon strictly for marketing purposes. Speculative tech is a relatively unregulated business space that many government regulators don’t even have the training to understand.

The first well-publicized blockchain stock offering was conducted by Overstock (NASDAQ: OSTK) in 2016. The first blockchain ETFs showed up in the U.S. in early 2018 following the Q4 2017 Bitcoin mania (1 BTC ≈ $20,000). Since 2018, the crypto securities market continues to expand as crypto’s market cap consolidates between a range of $150 billion and $330 billion.

Today, blockchain stocks tend to rise and fall in tandem with the volatility in Bitcoin and other major cryptocurrencies. Some experts have guessed that the connection is because low-information casual investors are making their way into the market. Others think that “blockchain” is being used more like a marketing catch-all to attract new investors. 

The overlap of these theories may be the most interesting point: They both benefit from nontechnical investors who may not be interested in blockchain as anything more than a framework for a method of currency exchange. They are less interested in anonymity or security, and they may not need to know that companies like IBM, Oracle and Amazon are already using blockchain in their digital transformations. Smart investors, however, follow the implementation of the technology in companies large and small. Blockchain has implications for how businesses will conduct daily commerce in the next few years.

Best Online Brokers for Blockchain Penny Stocks

The tools and execution you receive from a good broker can make all the difference in penny stock trading. Here’s what you need to know about top brokers in this space.

Best For
Intermediate Traders and Investors
Overall Rating
Get started securely through Webull’s website
Best For
Intermediate Traders and Investors
N/A
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
Pros
  • Commission-free trading in over 5,000 different stocks and ETFs
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
  • Intuitive trading platform with technical and fundamental analysis tools
Cons
  • Does not support trading in mutual funds, bonds or OTC stocks
Best For
Futures Trading
Overall Rating
Get started securely through TradeStation’s website
Best For
Futures Trading
N/A
1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be
Best For
Options Trading
Overall Rating
Get started securely through TD Ameritrade’s website
Best For
Options Trading
N/A
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates
Best For
Advanced traders
Overall Rating
Get started securely through Moomoo’s website
Best For
Advanced traders
N/A
1 Minute Review

Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltd., it’s backed by venture capital affiliates of Matrix, Sequoia, and Tencent (NASDAQ: FUTU). Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.

Get started right away by downloading Moomoo to your phone, tablet or another mobile device.

Best For
  • Cost-conscious traders
  • Novice traders
  • Active/Advanced traders
Pros
  • Free Level 2 market data for all users who open an account
  • Commission-free trading in over 5,000 different stocks and ETFs
  • Over 8,000 different stocks that can be sold short
  • $0 contract fee for trading options, no commission either
  • Strong market data and analysis tools with over 50 technical indicators
  • Access trading and quotes in pre-market (4 a.m. to 9:30 a.m. ET) and post-market hours (4 p.m. to 8 p.m. ET)
  • No minimum deposit to open an account.
  • Active trading community with more than 100,000 app users
Cons
  • No phone or chat support

Finding a Needle in a Haystack

There can be a lot of untapped value in low-priced stocks, especially those with innovations in an industry that is on the verge of mainstream use. Be sure to do your due diligence, however. Smart money is betting on the blockchain as a long-term play, but you can get chopped up in short-term volatility if you are not careful.

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