Smart investors know that if you want to make the big money off a small account, the place to be is the OTC Markets. There are many good OTC stocks that can boost your portfolio’s value in the long term. For investors, we preach the key to trading penny stocks is finding momentum BEFORE it happens and ahead of the crowd.
We alert our subscribers with our best ideas before our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here.
If you watch the Insider Financial YouTube channel, you can get a sense of the ideal time to book profits. We warned our subscribers not to get greedy or get caught up in the diamond hands/paper hands BS.
We also recommend you own a portfolio of penny stocks. For some, that can be as many as 10 to 20 or more OTC stocks. This provides diversification and allows one to manage the market’s moods much easier.
In this article, we look at 4 OTC crypto bounce plays. They are ICOA, Inc (OTCPK: ICOA), KYN Capital Group, Inc (OTCPK: KYNC), Life Clips, Inc (OTCPK: LCLP), and Net Savings Link, Inc (OTCPK: NSAV).
OTC STOCKS #1 ICOA
ICOA, Inc has lost some ground since mid-November, but it seems to have bottomed out on December 3 below $0.005, the lowest since mid-September. The price has increased by 20% since then to trade at $0.0061. The $35+ million company is far from September’s YTD high at over $0.025 and is looking to reduce the bearish pressure.
ICOA has managed to update the Pink Limited Information status to Pink Current.
Previously, ICOA used to be a national provider of wireless and wired broadband Internet network support for broadband access installations in high-traffic locations across the US. While the existing business might be operational, the company announced at the end of August that it would undergo a reorganization to adopt a new direction and implement a new business plan to create new value for shareholders. In a nutshell, ICOA turned into a blockchain and DeFi play.
ICOA has canceled billions of shares as part of its restructuring. At the end of November, the company announced the settlement and write-off of $1.24 million of accrued debt. It was about to settle and write off all remaining debt in the following weeks.
Shortly after the restructuring, ICOA completed the acquisition of iBG Finance in mid-October. The latter is promoted as the world’s only insured DeFi project. The transaction was valued at $185 million. Meanwhile, ICOA also plans to acquire BGBF, Asia’s first insured Bitcoin Denominated Fund, in a transaction valued at $240 million.
ICOA working diligently on closing BGBF acquisition expected to happen shortly.
We are bound by confidentiality and will plan a post-merger Q&A ASAP to answer all questions regarding acquisitions and new roadmap.
Please send questions to firstname.lastname@example.org ahead of Q&A.@DrVinMenon pic.twitter.com/7OZsanTRvh
— Icoa Inc (@icoa_inc) December 8, 2021
Earlier this month, ICOA launched an initiative with the Transforming Education Donor Fund and Scholas Occurrentes, which will work to foster education across the globe. According to the agreement, ICOA will tokenize and distribute two paintings from Scholas Occurrentes, with the participation of His Holiness Pope Francis and renowned artists Mr. Brainwash, Domingo Zapata, and Martha Saenz. The paintings will be digitized through non-fungible tokens (NFTs) on blockchain.
With the growing popularity of NFTs, ICOA will leverage blockchain technology to bring the NFT project to fruition through its most recent acquisition, iBG, whose vision is to enable users to navigate the complexities often associated with Decentralized Finance and blockchain with ease.
ICOA is really undervalued at this point. $35 million doesn’t reflect the real size of a company that paid over $185 million for iBG and is ready to spend $240 million for BGBF.
$ICOA Cannot wait to see the reactions of sellers when revenue projections come out after closing BGBF acquisitions
— Armin (@ArmStock_) December 9, 2021
OTC STOCKS #2 KYNC
KYN Capital Group, Inc is another blockchain and NFT play that has been correcting on larger timeframes, although it has gained over 30% since last week after touching the lowest level since the end of March.
We introduced our subscribers to KYN Capital at the end of May when the penny stock was fluctuating near one cent, and it eventually surged to almost 4 cents in August. KYNC has a great share structure and we expect it to bounce back and update the YTD high.
Earlier this year, KYNC repositioned itself to be a holding company for acquisitions and technology development in the entertainment, professional sports, blockchain, cryptocurrency, and NFT markets. The company changed its name from New Taohuayuan Culture Tourism Co, after dismissing its business related to capital finance leasing services for cars and trucks, construction equipment and tools, and earth moving equipment.
At the beginning of June, the company announced the launch of Koinfold, a crypto app suite that lets users trade cryptocurrencies at low fees directly from their smartphones. It has all the tools to buy, sell, or store cryptocurrency securely.
Later that month, KYNC announced Koinfoldpay, a contactless crypto payment gateway for businesses, which allows them to receive Bitcoin, Ethereum, Bitcoin Cash, and Litecoin for online payments. Several days after the launch, KYNC presented its Koinfold Debit Card, which is designed to be directly linked to the user’s Koinfold account.
KYNC also launched the Koinfold crypto exchange, which is expected to generate massive revenues. There will be a second phase of the launch, which will include:
- A Newly Enhanced Interface;
- SMS integration for faster login and verification to the exchange;
- Integration with Plaid for fast, reliable, and secure funding of accounts;
- Additional coins to be made available;
- Availability of Koinfold Exchange in the App Store and Google Play.
KYNC is more than a crypto/blockchain play – it has a well-diversified business:
Last month, AppSwarm, Corp (OTC: SWRM) signed a MOU with KYNC to explore the collaboration and marketing of their blockchain and Pay.How crypto payment platform.
Solomon Williams, founder of BW and acting CTO for KYN Capital Group – who recently was nominated in Inc. Magazine’s 2021 Best in Business list in the Lean and Mean category, receiving 1st place nationally as the gold honoree – said that KYNC would announce some significant updates next week.
Looking forward to announcing some amazing developments next week! This has certainly turned out to be an awesome year 🙏🏽
— Solomon Williams (@SolomonWilliams) December 9, 2021
KYNC is growing really fast and has had a great year. The recent correction should not define the overall potential of the company, so feel free to get exposure to this OTC stock by buying the dip. You’ll be thankful next year.
OTC STOCKS #3 LCLP
Life Clips, Inc rallied in July-August, surging from $.0022 to a YTD high at over seven cents, but it has corrected since then to trade at $0.0182, the lowest since mid-July. Despite the bearish mood, LCLP can make a U-turn at any point thanks to its decent fundamentals.
We covered this Pink Current stock in mid-April when it was trading at less than one cent, and discussed it again in a dedicated article after the company announced it was ready to jump on the crypto bandwagon.
While the company operates an AI-powered mental health analytics platform called Cognitive Apps Software Solution, LCLP entered the crypto space thanks to the acquisition of Belfrics Holdings Limited and its related entities operating cryptocurrency exchanges and blockchain development services in Asia and Africa.
Belfrics operates a digital exchange platform, which was fully developed in-house and is supported by the proprietary technology of Belrium Blockchain KYC solution. With 10 operational offices in 8 countries, Belfrics provides localized and personalized support to digital currency traders. Through its Blockchain Academy, Belfrics provides continuous training to traders, developers, and blockchain enthusiasts in more than 20 countries. Belfrics is licensed and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia.
Last month, LCLP announced that Belfrics was relaunching its crypto exchange in India, planning to offer 25 coins. The company anticipates getting over 30% of its monthly revenue from the Indian market.
Belfrics founder and CEO Praveen Kumar said:
“Our plan calls for opening 20 independently owned physical crypto outlets, with a goal of having up to 200 targeting potential clients in these areas. Belfrics has an initial target of 100,000 clients with plans to grow to 1 million clients over 6 to 12 months following the launch. On the cryptocurrency exchange along with basic services we will also add five other popular services such as staking reward, derivative products, lending and borrowing, custody solutions and crypto payments card and loyalty programs.”
Later in November, Belfrics revealed its plans to expand its technology team and open 200 independently owned physical crypto centers in India within the next 6 months. Belfrics expects to initially open more than 20 independently owned Belfrics Phygital Centers to sell its exchange and blockchain products.
On Tuesday, Belfrics India has launched a marketing campaign with the collaboration of local award-winning celebrity partners.
$LCLP Life Clips Subsidiary Belfrics Introduces Marketing Campaign Featuring Celebrity Partners Rashi Khanna, Sargun Mehta, Vikrant Massey And Varun Sharma To Promote Cryptocurrency Exchange And Platform @Bitcoin #India #crypto https://t.co/PLXIjGXOrP
— LifeClips (@realLifeClips) December 8, 2021
The $32 million company has some great potential thanks to its growing presence in India, the country with the largest number of crypto owners in the world with over 100 million holding digital currencies, although there is still room for growth as this represents only 7.3% of the population.
So far, everything is going well for LCLP, except for the share price. Current levels represent a deep discount entry opportunity.
OTC STOCKS #4 NSAV
Net Savings Link, Inc is the largest crypto-oriented company on our list, with a market cap of almost $160 million. Still, the share price has been declining during the last few weeks, dropping almost 9% on Thursday alone. You can buy NSAV stock for $0.024 per share. At the beginning of August, the price hit a YTD high at $0.15.
We recommended buying NSAV on several occasions, which could help our readers secure generous profits.
NSAV has a complex crypto ecosystem that comprises a premium OTC crypto trading desk, which was launched in September, VirtuaBroker, a crypto investment platform powered by AI and offering a full range of trading services, including portfolio management and price search function, and its proprietary crypto exchange aimed at retail traders, which holds the NSAV brand name.
NSAV is led by NSAV Director, Yuen Wong, who is also the CEO of LABS Group Limited – the world’s first end-to-end blockchain-powered real estate investment ecosystem. He is also a managing partner at Bitmart, a crypto exchange with 2+ million users worldwide and ranked on CoinMarketCap.
NSAV also acquired a 40% stake in Hong Kong premium OTC crypto trading desk HKOTC.CO, which is one of Hong Kong’s most popular OTC crypto trading services, with 16 strategic crypto and blockchain partners, including Binance, Huobi, ZB.com, and BW.com.
Besides everything, the company taps into the NFT market with a partnership with LuxFi, a real-world luxury asset-backed NFT marketplace, and launches a decentralized exchange (DEX) called NSAVDEX.
Last month, the company announced the NSBC (NSAV Blockchain) Token for its NSAVDEX https://nsavdex.org/#/home. The token will be using the OKEx Chain Protocol and will act as a utility token whose primary functions are yield farming and staking, among others. The private sale of the NSBC Token started on December 6.
To purchase NSAV's NSBC Token, please visit https://t.co/BZqN4BKKpY . The private sale begins at 11:00 AM EST.
— NSAV Holdings (@NSAVTech) December 6, 2021
In October, NSAV signed an LOI to buy a 51% stake in an unnamed, leading cryptocurrency exchange. Both sides are working to close the acquisition as quickly as possible. Management believes that this acquisition will be a game-changer for the company and a key component in the NSAV ecosystem.
On top of everything, NSAV hinted that it would launch crypto mining services, which would be a huge move given that China cracked down on local miners, allowing the US to become a leader.
Last but not least, NSAV said on Monday that it had partnered with Metaverse Network LLC to launch the world’s first DeFi-GameFi combined App, known as MetaFi, which offers users Play & Earn via algorithm solutions. MetaFi lets users not only receive entertainment but receive rewards for participation. These rewards are transferable and can be utilized in various diverse third-party individual Blockchain DApps. All users can buy avatars via NFT’s for greater privacy and security.
NSAV interim CEO and SVP of crypto operations, Dato’ Sri Desmond Lim, stated:
“According to public information, Metaverse has the potential to be a $1 trillion market, which we can harness from, and we believe NSAV should also prepare for this era to arrive.”
We believe NSAV is undervalued at $160 million and expect this OTC stock to become huge and eventually uplist to NASDAQ.
THE FINAL NOTE
All of the 4 OTC stocks discussed today have been beaten down and are good stocks to hold. The upside is much greater than the downside at these levels.
It’s also very important to eye OTC stocks that have yet to make their explosive move. There are plenty of opportunities, and we take our time to monitor hundreds of penny stocks to buy each week, trying to find the best alerts for our subscribers.
Remember, all you need is one or two penny stocks to succeed in order to crush the market averages.
As always, good luck to all (except the shorts)!
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Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.