penny stocks to watch
Momentum & Growth

4 Trending Penny Stocks to Watch: AXTG BOTY DSCR TXTM

Stock markets continue to edge up this week as the Fed is ready to present its monetary policy decision. Due to the rapid economic growth, the cent…

Stock markets continue to edge up this week as the Fed is ready to present its monetary policy decision. Due to the rapid economic growth, the central bank was expected to start reducing its massive bond-buying programs later this year or early in 2022. However, if the Delta variant impacts the economy, that Fed may become dovish again and thus follow in the footsteps of the European Central Bank (ECB). The spread of the new strain of the coronavirus is worrying investors.

Mark Cabana, head of short US rate strategy at Bank of America, told CNBC:

“This was supposed to be the meeting where they were really focusing on tapering. We think the market is going to end up hearing Powell sound neutral to dovish, at least from a rates market perspective, primarily because he’s going to keep talking about downside risks from Covid.”

No matter what Fed decides, the US economy continues to recover, as the lockdown measures have been lifted following the vaccination programs.

The OTCQX Composite index, which tracks over 400 OTC stocks, has gained about 0.02% so far today, fluctuating close to its all-time high above 1,600 points.

OTC MARKETS THE PLACE TO BE

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 hot OTC stocks is finding momentum BEFORE it happens and then be patient.

We always alert our subscribers first before we publish for our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here. We alert our subscribers with our best ideas before our regular readers.

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 OTC 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. It also helps to own shares in the following 4 trending OTC stocks gaining momentum.

Today, we’ll look at 4 trending penny stocks that will greatly reward patient investors. They are Axis Technologies Group (OTCPK: AXTG), Lingerie Fighting Championships (OTCPK: BOTY), Discovery Minerals Ltd (OTCPK: DSCR), and Protext Pharma, Inc (OTCPK: TXTM).

Penny stocks to watch AXTG daily chart

Penny stocks to watch AXTG

Penny stocks to watch BOTY daily chart

Penny stocks to watch BOTY

 Penny stocks to watch DSCR daily chart

Penny stocks to watch DSCR

Penny stocks to watch TXTM daily chart

Penny stocks to watch TXTM

Penny Stocks to Watch #1 AXTG

Axis Technologies Group, Inc has been on the move these days, surging from less than three cents to over $0.14 on July 27, which is the highest level in over a decade. The price has corrected to the current level of $0.07. AXTG surged by over 4,500% from the beginning of the year to its peak, but we think the most exciting part is ahead.

AXTG has passed through a major overhaul to adopt a new business direction. The company promotes decentralized finance (DeFi) businesses to make these innovations come true. AXTG supports and develops companies related to blockchain and DeFi projects. While AXTG has managed to obtain the Pink Current status a few weeks ago, it goes with the Shell Risk badge on OTC Markets, suggesting that it still has no operations whatsoever. Nevertheless, Axis pledges to make strategic investments and acquire companies who have unseen potential to scale and add value.

Blockhain is one of the most important technologies of the so-called fourth industrial revolution, while DeFi might be the most important use case, as it pledges to transform financial services from the core. Recently, Bank of America (BoA) concluded that DeFi might have a more disruptive potential than Bitcoin itself.

AXTG understands the potential of blockchain and plans to focus on DeFi-oriented businesses. The company has appointed a new management team two months ago to reflect the new business direction. The new president and CEO, William Tien, said:

“My intention is for AXTG to be a blockchain innovation development holding company to both acquire and develop a decentralized finance software platform utilizing blockchain innovation development, software and hardware and for the generation and accumulation of digital assets.”

On July 27, Axis announced that it had acquired TienChat Pte Ltd and T8 Exchange Pty Ltd, making the two companies wholly-owned subsidiaries.

TiENCHAT is a Singapore company that has designed, developed, and built a global social software program that relies on blockchain to create a borderless global access in ‘multilingual social networking + cross-border payment + digital currency transactions’. The company was founded by William Tien.

As for T8 Exchange, it is run by an Australian company that owns the T8EX and Trams Dex application, a decentralized exchange platform that enables existing TiENCHAT users to trade, swap, and use cryptocurrencies as payment inside the application.

Some of the app’s features include:

  • Viewing account fund information online in real time;
  • Supporting digital currency multi-currency scan code payment and transfer;
  • Supporting multi-currency online transfer/withdrawal;
  • Real-time value of the digital currency market price;
  • Complete decentralized exchange that anyone with an ERC20 token can be pooled and trade on this platform within 15 minutes.

On top of that, T8 Exchange developed ETHFUND, a decentralized NFT minting, swap, listing and exchange platform that enable existing TiENCHAT users to trade, swap, and utilize NFTs (non-fungible tokens) as a form of payment inside the platform.

We think AXTG is moving in the right direction. as the new subsidiaries are meaningful additions operating in the fastest-growing industry.

Penny Stocks to Watch #2 BOTY

Lingerie Fighting Championships (LFC) Inc is rebounding after months of correction. The share price rose close to $0.006 in February, which is the highest level year-to-date. It had been correcting for months, but it recently turned bullish, gaining over 170% during the last five days to the current level of $0.0041.

The company got the Pink Current status earlier this year, but it still goes with the Shell Risk symbol on OTC Markets. BOTY is promoting itself as a development stage media company focused on the development, production, promotion, and distribution of original entertainment for mature audiences that it plans to make commercially available mainly via live entertainment events, as well as via digital home video, broadcast television networks, video-on-demand, and digital media channels.

The business is focused on building and establishing a sports entertainment league that utilizes wrestling and mixed martial arts (MMA) fighting techniques together with fictional character personas, parodies of public figures and professional sporting leagues, and fictional storylines for purposes of providing sports entertainment.

BOTY runs a unique MMA/wrestling event that is carried on more than 2000 cable/satellite systems and networks. It also has a reality series that recently went into its 5th season. LFC’s slogan is ‘a little bit of MMA, a little bit of wrestling and a little bit of clothing’.

The $12 million company is expanding its reach. On July 23, it announced a partnership with Scuffle LLC to launch a Roku channel called LFC Network. The channel will show LFC events and a slate of original programming designed to spotlight LFC’s talented cast.

BOTY CEO Shaun Donnelly said:

“Having our own channel has been a goal of mine for a long time. But I knew we needed to reach a certain threshold of content first.”

The channel comes at the right time as there are 6 events scheduled for 2021 – the most the league has ever done – and the LFC: Exposed! Reality series is reaching the 100 episode milestone.

BOTY is building a unique brand that becomes increasingly more popular. We first introduced our subscribers to LFC last month, and we think the current bullish move may push the price to fresh highs.

Penny Stocks to Watch #3 DSCR

Discovery Minerals Ltd has been consistently ascending for a while, gaining 113% during the last five days, to trade at $0.014, which is the highest level since mid-May, when the price hit $0.035 to update the highest level in more than a decade.

DSCR is an acquisition and development company focusing on natural resource properties and top-notch technology opportunities via its subsidiaries.

In April, DSCR completed the acquisition of the Ruby Mine from Sierra Gold LLC. Discovery’s geologists are working on a 3-D model of the property and examine all known existing resource targets. Many believe that the Ruby is one of the largest producing river channel mines of modern times. It hosts a system of gold-bearing Tertiary channels that have already produced more than 250,000 ounces of gold. Right now, it is estimated that no less than 134,844 ounces of gold can be extracted from identified channels using the existing Ruby infrastructure.

While the current price surge hasn’t been driven by any major announcement or update, it seems that more investors realize the potential of DSCR thanks to Ruby Mine. Everyone is waiting an important release specifying the potential amount of gold that can be recovered.

All in all, we are bullish on DSCR, as it has its hands on gold.

Besides exploring the Ruby mine, DSCR recently announced that it selected Alt 5 Sigma Inc for the development of its own digital token called Discovery Coin (DSG), which will come with a payment gateway. The Ethereum-based, gold-backed token will be used for revenue diversification to create liquidity and assist in monetizing gold resources.

Alt 5 Sigma is about to mint a total of 210 million of DSG. The coin is intended to be backed by 2,100 Bitcoin, 2,100 Ether, 2,100 ounces of physical gold and 2,100 ounces of physical silver. Additionally, Alt 5 Sigma will help DSCR to create a payment gateway, enabling merchants worldwide to accept DGC as payments.

So we have an OTC stock exploring a gold mine and creating its own cryptocurrency with some real-world use cases – this is a great OTC stock for your portfolio.

Penny Stocks to Watch #4 TXTM

Protext Pharma, Inc, formerly known as ProText Mobility, has been surging during the last few days and weeks. The share price has increased by over 150% during the last five days and has almost tripled since the end of June.

The company operates two wholly-owned subsidiaries:

  • Plandai Biotechnology South Africa (PTY) Ltd – it has the exclusive global license to develop pharmaceutical applications and products using the Phytofare catechin complex, which was developed by the company. Phytofare is a highly bioavailable extract produced from live green tea leaves. It has been clinically shown to have 10x greater bioavailability over generic catechin extracts.
  • Cannabis Biosciences – it has developed a proprietary processing and extraction technology that utilizes live plants for producing a full-profile cannabis extract, which contains the precursor acid form of THC (THC-A and THC-B) found in live cannabis plant.

Investors are bullish on TXTM because it will likely become Pink Current this week, with the Attorney Letter being posted on July 15.

On top of that, investors are waiting for a major merger announcement to be released soon. The current CEO, David Lewis, has been appointed more than a year ago. Interestingly, he is also the CEO of CYIOS Corporation (OTCMKTS: CYIO), a $16 million Pink Current company that runs three subsidiaries:

  • Choice Wellness Brands – a health and wellness company focused on developing and marketing specialty branded products including the My-shield® TRIPLE PLAY of sanitizers which have recently undergone clinical studies to prove effectiveness against COVID-19.
  • Dr’s Choice CDB – which aims to offer doctors their own professional-grade CBD Brand they can stand behind and be confident to offer their patients.
  • Helio Lending – a centralized finance (CeFi) aggregator that provides users with a wide range of cryptocurrency loan structures and deposit options across several platforms.

Meanwhile, TXTM has a joint venture with Republic of South Africa Medical Marijuana Dispensaries Pty Ltd. (RSAMMD). Last year, the two companies joined forces to test Protext’s proprietary extraction technology using live cannabis and hemp plants, and commercialize the resultant cannabis and hemp-based extracts. Prior human clinical trials have shown Protext’s licensed extraction technology to be effective at significantly improving absorption rates and bioavailability, as well as delivering the full phytonutrient spectrum.

In exchange for covering all the costs associated with testing and commercialization, RSAMMD received an exclusive global license to the technology for hemp and cannabis extracts, excluding North America. Under the agreement, several live plant extraction tests were planned to be conducted using water temperatures ranging from 55 degrees Celsius up to 95 degrees Celsius.

Investors believe that TXTM sought to become Pink Current to bring the venture to a whole new level via a full-fledged merger.

TXTM has been one of the best-performing OTC stocks during the last five days, and the uptrend might continue. We’ll keep you updated on the potential merger.

THE FINAL NOTE

Today is a great opportunity to benefit from the stock market’s bullishness and invest in OTC stocks with great potential during a reviving economy. Our job is to identify the best OTC stock alerts with strong fundamentals and let our subscribers pick the ones they like to build a well-diversified portfolio oriented at penny stocks.

All of the 4 OTC stocks discussed today are on the rise and are good stocks to hold. Nevertheless, our best advice is to be patient and enter the market during corrections. Buying dips and selling rips as swing trades remains the best strategy in the penny stock market. Still, whenever an OTC stock is in the middle of a bull run, we recommend our subscribers to book profits.

It’s very important to eye OTC stocks that have room for growth and 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 OTC stocks to succeed in order to crush the market averages.

As always, good luck to all (except the shorts)!

WHEN INSIDER FINANCIAL HAS A STOCK ALERT, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!

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.

4 Trending Penny Stocks to Watch: AXTG BOTY DSCR TXTM
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