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MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)

5 crypto penny stocks under $5

Crypto stocks

Key Points

  • The festive season highlights Bitcoin's resurgence, potentially propelling speculation and interest toward small-cap crypto stocks.
  • BITF, BTBT, ARBK, BTCT, and BTCS are five small-cap crypto stocks trading under $5.
  • Small-cap crypto stocks entail significant risks due to their volatility and speculative nature.
  • 5 stocks we like better than BTCS

Over the festive season, as the world welcomed Christmas and New Year's, conversations likely gravitated toward Bitcoin and cryptocurrencies, as the popular digital currency has surged higher in recent months. Much like how Memorial Day and Labor Day weekends set the stage for engaging discussions earlier in the previous year surrounding Artificial Intelligence (AI), the resurgence of Bitcoin and the allure of the broader cryptocurrency market continue to captivate investors.

For those inclined toward higher-risk investments, exploring opportunities in small-cap cryptocurrencies under $5 might pique interest. Despite the inherent risks, these investments could yield substantial rewards if they perform well. Given the recent surge and ongoing enthusiasm surrounding Bitcoin, the potential and likely Bitcoin spot ETF approval, and the broader crypto landscape, compiling a list of promising small-cap crypto-related stocks for consideration seems prudent.

Here's an overview of five small-cap crypto stocks trading under $5

Bitfarms Ltd. NASDAQ: BITF

Bitfarms operates as a blockchain infrastructure company, focusing on owning and operating cryptocurrency mining farms that support the decentralized financial infrastructure of the global Bitcoin network.

The stock has experienced heightened volatility in the past, represented by its expansive range over the past several years. More recently, the stock has enjoyed a stellar run thanks to the surge in Bitcoin. Over the previous three months, shares of BITF have climbed almost 200%. 

Bit Digital Inc. NASDAQ: BTBT

Bit Digital, Inc., formerly known as Golden Bull Limited, operates in bitcoin mining, digital asset staking, and treasury management. Founded in 2015, it's based in New York, NY.

The small-cap stock, with a market valuation of just over $300 million, has also experienced extreme volatility in the past, like BITF. Last trading at $3.84, the stock has fallen dramatically from its January 2021 high of $33.


BTCS Inc. NASDAQ: BTCS

BTCS Inc., previously Bitcoin Shop, Inc., specializes in U.S.-based blockchain infrastructure and staking. They secure blockchain operations, run validator nodes on innovative blockchain networks, and provide StakeSeeker, a platform enabling crypto holders to earn rewards via network consensus. 

The company has a market capitalization of just $31 million and an average daily volume of less than one million shares. Both factors might contribute to heightened volatility in the trading of its shares. Furthermore, analyst coverage of the stock is limited. Just one analyst, HC Wainwright, has coverage on the stock, with a Buy rating and a price target of $3.

Argo Blockchain NASDAQ: ARBK

Argo Blockchain and its subsidiaries operate globally in the bitcoin and cryptocurrency mining sector. They specialize in mining using purpose-built computers designed for intricate cryptographic algorithms. Originally named GoSun Blockchain Limited, it rebranded to Argo Blockchain plc in December 2017.

Like the names mentioned above, ARBK has fallen dramatically from its highs during the previous Bitcoin and crypto bull market. However, the stock has steadily pulled away from its 52-week low in recent months, climbing as much as 278% in the previous three months. 

Bitcoin Global Capital Limited NASDAQ: BTCT

BTC Digital Ltd. operates in the cryptocurrency/bitcoin mining sector, with mining machine resale and rental services. Formerly known as Meten Holding Group Ltd., it rebranded to BTC Digital Ltd. in August 2023. 

BTCT’s float of under 1 million shares and significantly small market capitalization of just $2.74 million make the stock extremely susceptible to significant price fluctuations and volatility. Therefore, as with the overall sector, investors must conduct thorough due diligence before acting further. 

These small-cap crypto stocks might present intriguing opportunities, primarily relevant for the appropriate investor or trader. However, it's crucial to recognize the heightened volatility and speculative nature inherent in both the cryptocurrency and small-cap stock markets. Conducting thorough due diligence and adopting a risk-aware investment strategy is paramount before considering investments in these volatile assets.

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Should you invest $1,000 in BTCS right now?

Before you consider BTCS, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BTCS wasn't on the list.

While BTCS currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Bitfarms (BITF)
2.356 of 5 stars
$2.63-10.2%N/A-10.12Buy$4.00
Bit Digital (BTBT)
2.1367 of 5 stars
$2.51-7.4%N/A-2.70Buy$5.50
BTC Digital (BTCT)
0 of 5 stars
$3.70+1.4%N/AN/AN/A
Argo Blockchain (ARBK)
0.4734 of 5 stars
$2.20-5.2%N/AN/AModerate Buy$2.23
BTCS (BTCS)
1.9687 of 5 stars
$1.69+0.6%N/A-5.45Buy$3.00
Compare These Stocks  Add These Stocks to My Watchlist 

Ryan Hasson

About Ryan Hasson

  • Ry.has7@gmail.com

Contributing Author

Technical Analysis, Momentum Trading, Risk Management

Experience

Ryan Hasson has been a contributing writer for MarketBeat since 2023.

Areas of Expertise

Equity research and analysis, technical analysis and price action, market sentiment and underlying themes, risk management and trading psychology

Education

Bachelor of Commerce in Financial Management

Past Experience

Equities trader, Kershner Trading Group, business analysis consultant, SMB Capital

Zoom International: Business Analysis Consultant.


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