3 Penny Stocks to Watch as Crypto Fuels MomentumÂ
As penny stocks and cryptocurrency both see solid momentum, which companies are investors watching right now? Well, before we go into it, itâs worth identifying the differences and similarities between the two.Â
For starters, the majority of cryptocurrencies are relatively cheap. While there are standouts like Bitcoin and Ethereum, most cryptoâs like the popular DogeCoin, are well under $5. Given that all penny stocks are by nature under $5, we see a stark comparison between the two.Â
While penny stocks and cryptocurrencies do not usually trade in tandem with one another, often, one can inspire momentum with the other. This is especially true considering trading platforms like Robinhood. Robinhood has become extremely popular for both stock and crypto investors. This is because no other app allows you to buy both with as much ease as Robinhood does. And while it may not allow access to over-the-counter markets, t