3 NFT Penny Stocks For Your June 2021 Watchlist
Are you looking to start investing in penny stocks? Investors often use small caps for the big intraday moves that they can make. This high volatility can offer large potential profits (and losses) to those who know how to invest. However, certain factors can make investing in penny stocks either riskier or more stable. This could be the industry that a penny stock is in, the nature of its business, any recent news about the company, and a slew of other factors.
Right now, one of the most volatile markets we see is blockchain and crypto penny stocks. These companies have ties to either blockchain technology directly or indirectly. And because cryptocurrency on its own is so volatile, companies with participation in the sector tend to fluctuate greatly as well.[Read More] 5 Penny Stocks Analysts Say To Buy With Targets Up To 219% Right Now
As our world continues to charge forward, the digital age is always expanding. Although digital assets are not often seen as having the same value as a gold brick, the money with online property is very real. This is something we’ve witnessed greatly in the past few months.
What Are NFTs?
These assets can include website domain names, digital currency, and now more recently non-fungible tokens (NFTs). Easily explained, NFTs are a unit of data stored on a digital blockchain. This is proof that a digital asset is unique. These digital files can include photos, videos, audio, and almost anything that ownership can be given to digitally.
With the recent surge of interest in NFTs, there have been large price increases as well. While buying NFTs may not be for everyone, there are still ways to get involved in this unique market. This can be done through NFT-related penny stocks.
The stock market offers a broader and less exposed way to invest in NFTs either directly or indirectly. Again, there is no promise of financial gains, but the threat of losing all your investment in a digital file can be significantly reduced.
NFT related penny stocks include those that operate in the digital technology sector. This could be companies working with blockchain technology, cryptocurrency mining, and specifically those participating in NFT investing and production. Taking all of this into consideration, here are three NFT penny stocks that could be worth adding to your June watchlist.
3 NFT Penny Stocks You Don’t Want To Miss Out On
Atari SA (OTC: PONGF)
Atari is known as a multiplatform licensing group for global interactive entertainment. By managing a portfolio that includes more than 200 games and franchises, Atari is a leader in the licensing and online gaming realm. Some of its more notable brands include Missile Command Asteroids, Pong, and Centipede.
Another component of PONGF is the distribution side of the business. It engages with large companies such as Microsoft, Sony, and Nintendo to develop and distribute its entertainment products. By using its large platform, PONGF is also able to develop licensing agreements using other media types.
Now involved with the digital world, Atari has created its own crypto coin named the Atari Token. This decentralized crypto intends to be the interactive currency for the entertainment industry. This means that it could become the universal payment standard for its entire user base, both players and developers alike. It is said to allow developers and publishers new modes to monetize their products.
Recently, PONGF partnered with Hello There Games in order to bring Beat Legend: AVICII to its blockchain-based Chain Games Esports platform. This platform is meant to develop ongoing projects in the field of crypto and in the entertainment-based industry. Its continued effort towards modern innovation shows the PONGF has no signs of slowing down.
Head of Atari, Jean-Marcel Nicolai, commented, “Our team is thrilled to see our strategic partnership with Chain Games elevate the user experience of one of Atari’s latest and greatest games: Beat Legend: AVICII.” Considering its big moves in blockchain and a commitment to staying with the times, PONGF stock could be worth adding to your watchlist.
Liquid Media Group Ltd (NASDAQ: YVR)
Liquid Media is another new technology-based company. YVR specifically operates in empowering independent IP creators. Its end-to-end work aims to enable professional video creation, downstream packaging, financing, delivery, and further monetization for clients. This makes creators take content to the professional level in one step. Its new Liquid Media Token Strategy will further go to empower users to capitalize and monetize their respective work.[Read More] 5 Penny Stocks on Reddit For Your June 2021 Watchlist
Recently, YVR signed a letter of intent (LOI) to acquire iNDIEFLIX Group Inc. This streaming company is a global subscription video-on-demand service. It plans to expand into the “Live” social impact space in order to better conform to YVR’s future goals.
“We are extremely excited about our future with Liquid Media Group. Our streaming service of content for a purpose and mission to provide monetization to content creators, is perfectly in line with Liquid’s mission to create a comprehensive solution to taking amazing IP from creation to monetization.”Ronald Thomson, CEO of Liquid
As a company that has obvious plans for expansion, YVR continues to gain attention from many investors. What do you think of this penny stock? Should you add it to your penny stocks to watch list?
Ideanomics Inc (NASDAQ: IDEX)
The final penny stock on this list is Ideanomics. As a business, IDEX specializes in the electric vehicle (EV) industry alongside many other unique aspects of its model. By continuing to encourage the adoption of commercial EV usage, it pushes the further optimization of many companies and their EV goals. This is in relation to the efficiency of EVs on a large scale basis.
Founded in 2004, IDEX has the goal to be a catalyst for companies looking to improve sustainability. It facilitates the EV adoption of commercial fleets through methods of financing, leasing, and energy management.
Ideanomics Capital, another piece of the company, is more specifically focused on disruptive fintech solutions for the financial services industry. The goal it has for its clientele is growth targeted while continuing to remain transparent with investors.
This new type of business model is meant to convert old business practices to more modern, sustainable methods. Its future-oriented intention is catching the eyes of many investors. In relation to NFTs, Ideanomics’ subsidiary, Liquefy, uses blockchain technology to innovate existing business models.
Liquefy also offers Asset Tokenization Software that allows companies to tokenize assets such as art, collectibles and much more. While this is still in development, Liquefy could become a larger part of the blockchain and NFT market moving forward. So, do you think this penny stock should be added to your June penny stock watchlist?
Which NFT Penny Stocks Are You Watching?
NFT penny stocks are all the rage right now, and there are no signs of slowing down in sight. While this technology is still very new, the potential uses for it are broad and encouraging. Because companies are still discovering new ways to utilize this blockchain-backed tech, the long term opportunities are unknown.[Read More] 3 Penny Stocks To Watch Right Now As Meme Stocks AMC & BB Soar
With this, there is still a chance to find companies at the beginning of a long road to success. While not every NFT penny stock will be a winner, researching and finding the best ones will always be your greatest asset. So, what do you think? Which NFT penny stocks will you add to your watchlist?