3 Tech Penny Stocks for Your August Watchlist 

Tech penny stocks are rallying right now as a new wave of bullish sentiment takes over the market. And with the Robinhood IPO today, the focus on tech is even greater than it has been recently. Over the course of the pandemic, many investors have turned to tech penny stocks such as microprocessor producers, blockchain-based businesses, and Esports enterprises to name a few. This is due to the constant innovation and large potential that they can offer. 

But as with any investment, it is important to understand what the company is doing right now and how valuable its business model could be in the long term. In addition, investors should understand how innovative a product is and how the market in that niche is performing. But, with so many tech penny stocks to choose from right now, it’s easy to find ones with potential value. 

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In 2021, investors should also understand that there is a great deal of volatility in the market. And with trading platforms such as Robinhood adding millions of young retail investors into the market, these fluctuations are more and more likely to occur. So, keep a close eye on your holdings and an even closer eye on the news. Considering all of this, let’s look at three tech penny stocks that investors are watching right now. 

3 Hot Tech Penny Stocks to Watch in August 

  1. Alpha Esports Tech (CSE: ALPA) (OTC: APETF
  2. Elys Game Technology Corp. (NASDAQ: ELYS
  3. Luokung Technology Corp. (NASDAQ: LKCO

Alpha Esports Tech (CSE: ALPA) (OTC: APETF) 

If you’re looking for an interesting tech penny stock in the digital gaming industry, Alpha Esports could be on the watch list. For those unfamiliar, Alpha Esports Tech is, as its name suggests, an Esports technology company.

Under the Alpha Esports name are market opportunities such as mobile gaming, commerce, and several other high-growth business prospects. Additionally, over the past year or so, the market for Esports has increased in size tremendously alongside the pandemic and stay-at-home orders. And as a result, Alpha Esports and the entire Esports sector are seeing heightened attention right now.

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On July 29th, Alpha Esports made an announcement that could be worth looking into. The company announced its official expansion into Brazil via a partnership with Mais Esports. If you know the Esports market, you’ve likely heard of Mais, but if not, it is a sizable player in the Brazilian Esports market. Mais provides a portal for gamers to access news about popular games such as League of Legends, Fortnite, PUBG, Overwatch, and other very popular names in the gaming industry. 

alpha esports tech investor info deck image

Per month, Mais brings in an average of around 4 million page views with over 400,000 followers across its social media. With this large following, Alpha Esports can bring a new, major audience to its GamerzArena platform. In the partnership, all of Mais’ events in Brazil (which are held weekly) will be exclusively shown on GamerzArena. And, the pair will also work to build Alpha’s subscription service, GamerzArena+, through the substantial following that Maiz offers. 

“Brazil is one of the fastest growing markets in esports and with Mais as our esports and marketing partner, we believe there is significant opportunity to increase our user base for both GamerzArena and GamerzArena+. This partnership is consistent with the Company’s stated goal to focus on strategic partnerships that we believe will help us achieve ongoing user acquisition.” 

The Interim CEO of Alpha Esports, Matthew Schmidt

Because the Esports market is growing so quickly, news like this is important for investors to pay attention to. It shows where new markets could be and which companies could be worth keeping an eye on. In addition to this, capitalizing on the Brazilian market is an interesting strategy that not many Esports companies have done to date. According to a report published on Statista, “eSports revenue in Brazil is expected to reach 55.6 million Brazilian reals, up from 24.1 million in 2017. Total gaming revenue in the country is estimated at 1.17 billion U.S. dollars by 2023.”1

With this, we see just why Alpha Esports is looking to get into the Brazilian gaming market. And while it may take time to secure its foothold abroad, it is, without a doubt, an interesting opportunity for the company. Considering all of this, is Alpha Esports worth watching alongside larger Esports industry growth?

Elys Game Technology Corp. (NASDAQ: ELYS) 

Up by around 10% at midday are shares of ELYS stock. In the past twelve months, shares have skyrocketed by around 94%. This further indicates the bullish sentiment surrounding the Esports market right now. To understand why ELYS stock has pushed up so much, we have to take a closer look at its business model. Elys Game Technology provides both interactive gaming and sports betting products. 

Only a week or two ago, it announced the acquisition of Bookmakers Company LLC. This is a big deal for the company and allows it to further its U.S. and Canadian sports betting prospects. In addition to this, Elys has operations in several countries around the world. This includes Italy, where it offers esports, virtual sports, an online casino, betting, and interactive games. 

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And, only a few days ago, the company debuted its new sports betting platform, Elys Gameboard U.S., at the National Indian Gaming Association (NIGA) Trade Show. Executive Chairman of Elys Game Technology, Michele Ciavarella, stated that “We are thrilled to debut our U.S. technology solution and share this experience along with United Tote’s professional team at the NIGA trade show in Las Vegas.”

This is big news for the company and shows how committed it is to innovation and producing new and better products. So, with all of this in mind, will ELYS stock be on your watchlist?

Penny_Stocks_to_Watch_Elys Game Technology Corp. (ELYS Stock Chart)

Luokung Technology Corp. (NASDAQ: LKCO)

Luokung Technology Corp. is a leading tech penny stock that we have discussed frequently in the past few months. For some context, it provides location-based services and mobile apps across a variety of markets in China. In addition, its Luokuang app distributes content and services such as travel, entertainment, e-commerce, and more. It is more broadly used as a B2C platform. In addition to these services, the company offers software development kits and app programming interfaces.

On July 22nd, Luokung’s subsidiary eMapGo Technology Co. Ltd. announced that it had signed an agreement with Geely Automobile Research Institute Co. Ltd. In this deal, eMapGo will provide autonomous driving simulation testing services to the company. In addition, eMapGo will provide the initial phase of service for $2.5 million.

“Luokung’s autonomous driving simulation test product is one that we are particularly proud of. We have provided services to several global automakers and tier 1 suppliers and look forward to expanding our customer base by promoting safe autonomous driving travel services. Several road tests are necessary before autonomous-driving vehicles can meet basic industry requirements and become truly commercialized.” 

The CEO and Chairman of Luokung, Mr. Xuesong Song

Since this update was released, LKCO stock has seen a great deal of bullish momentum. In the past six months, shares of LKCO have shot up by over 155%. With this in mind, will LKCO stock be on your watchlist moving forward?


Which Tech Penny Stocks Are You Watching Right Now?

Finding the best tech penny stocks to buy in 2021 can be challenging. With so many to choose from, investors need to use an eagle eye to spot the most valuable penny stocks in the market.

[Read More] Top Reopening Penny Stocks to Buy in August 2021? 3 to Watch

But, with industries like Esports showing major momentum, there’s no telling where the tech industry could go in the coming months. So, with this in mind, which tech penny stocks are you watching right now?

best tech penny stocks to watch right now

Pursuant to an agreement between Midam Ventures LLC and Alpha Tech INC Midam has been paid $300,000 for a period from February 12, 2021, to April 2, 2021. We may buy or sell additional shares of Alpha Tech INC in the open market at any time, including before, during, or after the Website and Information, to provide public dissemination of favorable Information about Alpha Tech INC. Now extended from 6/30/2021 to October 29, 2021 & no additional compensation of any kind has been received by MIDAM. Click here for full disclaimer.

End Notes:

  1. https://www.statista. com/statistics/1064253/latin-america-gaming-revenue-country/

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