What a week it has been in the markets everyone? We have seen the global stock markets record their
worst week in more than a year, on the back of prospects of four interest rate rises this year by
the Feds and the end of stimulus measures that had helped the markets since the pandemic. So we
are seeing investors pulling out of high valued, fast growing companies but I have for you today
three top penny stocks in the booming video gaming sector, which is gaining a lot of investor
interest right now. There’s been a lot of M&A activity recently in the video gaming sector,
as we just saw the Microsoft announce to buy Activision Blizzard for $75bn and we
also saw Take-Two Interactive agree to buy the mobile gaming specialist Zynga for $12.7bn.
So some really really big numbers and this is partly because the planned acquisitions
are seen as a step towards the metaverse, and video games have come to be seen as one path
towards these more immersive online worlds. So in this video, I share with you updates
on three top video gaming penny stocks for your watchlists which are getting lots of traction
in the gaming world and fast expanding into the metaverse. And I have a hit for you at the end
which just rebranded itself into a metaverse play and seems to have a very bright outlook.
So if you are bullish about video gaming, the metaverse or nfts sector then you want to make
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That said let’s get on with it with our first stop, which is Super League Gaming (SLGG)
which is currently sitting at $1.88 per share with a market cap of $73m. It
is down 25% on the month and by over 57% over the last 6months. We can also see a jump in its share
prices in November hitting over $4 per share on the back of the Facebook metaverse announcement
which shows investor excitement on what that means for the entire gaming industry.
They have since given up most of those gains but given the outlook of the entire sector
and the pace of acquisition, they certainly one to watch.
LIVEONE AND SUPER LEAGUE PARTNERED ON A MULTI-YEAR, MULTI-EVENT DEAL TO DEVELOP AND OFFER
EXCLUSIVE LIVE MUSIC, FESTIVALS, LIFESTYLE, AND PAY-PER-VIEW POP CULTURE EVENTS IN THE METAVERSE
They reported that LiveOne Virtual World’s LiveXLive, a wholly-owned subsidiary which
is a global platform for livestream and on-demand audio, video and podcast content in entertainment
and pop culture, and Super League Gaming, a global leader in video game experiences and entertainment
at the intersection of the creator economy, gameplay content, and the metaverse, formed a
strategic partnership to create experiences within the metaverse tied to LiveOne's music, lifestyle
and pay-per-views in events. And together, the companies plan to offer fans and gamers alike
opportunities to enjoy immersive 3D environments featuring exclusive content, unique virtual goods,
NFTs, and gamified activities that drive increased affinity and socially-connected engagement.
The two companies will work together to identify specific music and gaming events that can be
activated in virtual spaces within some of the world's largest metaverse platforms, including
Roblox and Minecraft. And audiences of all ages will have the opportunity to experience music
performances from some of their favorite artists while also exploring a dynamic, visually exciting
world full of surprises inspired by the themes of each individual event. And within the LiveOne
virtual metaplex will be multiple stages, special kiosks for purchasing merchandise, VIP rooms for
avatar-based meet-and-greets, interactive competitions offering fun prizes, and more.
Dermot McCormack, President of LiveOne commented that they have led the way in
virtual streaming and digital pay per view over the last few years, and they see the
Metaverse as the next logical frontier for great music and entertainment experiences.
"And Super League's deep understanding of the complete metaverse user experience
made them an ideal partner to bring this strategy to life for fans and advertisers alike.
On to our next stop, which is Enthusiast Gaming Holdings Inc (EGLX) which is now sitting at $2.20
per share with a market cap of $309m. And very similar to SLGG above, you can see how correlated
these gaming penny stocks are as it is down 25% on the month and over the last 6m it is also down 57%
having equally had a positive response on the back of the facebook announcement.
But why is Enthusiast Gaming different?
ENTHUSIAST GAMING’S ESPORTS AUDIENCE ROSE IN A NEW
NIELSEN REPORT. They announced the results of their second collaboration with Nielsen,
the global leading source for media and sports measurement, to measure the total
social reach and Twitch viewership of the Company’s Luminosity Gaming esports audience.
They said as esports viewership continues to increase for Gen Z and Millennial audiences,
Nielsen’s measurement of Luminosity Gaming’s audience provides trusted verification
for brands looking to reach and engage this demographic.
The Nielsen study also showed that Luminosity Gaming remained the No. 1 ranked esports team
on Twitch for hours watched, average concurrent viewers,
and peak concurrent viewers in October 2021.
Their CEO Adrian Montgomery commented that they believe that this latest Nielsen data
showcases the continued rise of esports and the growth of Luminosity Gaming
as the most watched esports organization in the world.
And they look forward to using Nielsen’s trusted research to support their growing list of brand
partners seeking the best platform to reach the gaming and esports community.
Enthusiast Gaming also announced Record Daily Users on their fan community
U.GG as they provided an update on their most recent acquisition,
League of Legends’ fan community U.GG, completed in November 2021.
Featured on the official League of Legends website as a resource for players, U.GG is one of the
largest League of Legends fan communities, known by its fans for providing actionable data-driven
insights that support, educate, and connect its audience of millions of monthly players.
Since the beginning of the new League of Legends season on January 7, 2022,
U.GG achieved a peak high of 600,000 daily active users (DAU), with 1.1 million users visiting on
the first weekend of the new season, from January 7 - January 9. In addition, U.GG’s recently
launched desktop app has been downloaded over 300,000 times since its launch in November 2021.
And Adrian Montgomery commented that, U.GG’s all-time high of daily active users, and downloads
of its new desktop app demonstrates the ongoing and accelerating demand for the unique content
and experiences U.GG delivers for the League of Legends community. Absolutely brilliant stuff.
And finally to our gem of the day for your watchlist is Alpha Metaverse Technologies (APETF)
which is now sitting at 32cents per share with a market cap of $19.5m. Alpha seems to have a had
a fantastic last month being up 60% and bouncing very strong from its 52wk lows. And when you look
at where it has come from, then you quickly begins to give you an indication of how far this can go.
Alpha Esports Tech Announced their Planned Name Change announcing that they intend to
change their name from “Alpha Esports Tech Inc.” to “Alpha Metaverse Technologies Inc.”, subject to
the approval of the Canadian Securities Exchange (the “CSE”). The Company expects the name change
to take effect on or about January 12, 2022, and the name change will better reflect the
Company’s focus on - and recent investments in - the Metaverse and Web 3.0 applications.
The Company recently announced that its augmented reality (“AR”) division, Paradise City
Gaming (“Paradise City”), has begun to develop AR experiences using the Niantic’s software toolkit,
Lightship, which is a platform to allow companies to build AR experiences using segmented semantics,
mapping and multiplayer. The Company plans to apply such technology once developed,
to the Company’s existing GamerzArcade platform, with a target launch date of spring 2022.
The Company believes that integrating AR into the GamerzArcade platform
will produce an immersive gaming environment where gamers can enter a virtual world and
play their favourite type of classic games such as Snake Challenge® and Space Aliens Invaders®,
as well as meet friends and challenge other users for blockchain-backed prizes.
Additionally, GamerzArena will now be offered as a ‘gaming as a service platform’
that will allow brands, sports teams and other organizations
to integrate the Company’s tournament engine into their existing websites or platforms
as a white label application to accelerate adoption of Metaverse-powered experiences.
They say they’ve long believed gaming was well-positioned to lead the adoption and
monetization of Web 3.0 technologies. This name change to Alpha Metaverse
Technologies Inc. reflects the Company’s commitment around the Metaverse
and its ability to respond to evolving consumer opportunities.
They added that the Metaverse, also regarded as the “next internet” combines VR and AR
technology that can allow users to be inside a digital universe. The Metaverse has unlimited
opportunities for users from gaming, to shopping, to work, to relaxing with friends and family.
“Alpha has always been a pioneer of new technologies and they continue to show
their commitment by integrating the Metaverse within their business model and they believe
esports and mobile gaming will be one of the first integrations into the Metaverse
and it is important to stay ahead of the competition.
So paradise City will continue to work on Metaverse technologies and integrations within the
Alpha ecosystem, including products which drive user engagement and monetization for the Company.
So some very very interesting and mindblowing prospects ahead for these penny stocks
but only consider getting in if the price is right for you and if you fully understand the risks.
This video is not financial advice, a buy or a sell recommendation, but is meant to
bring some new and exciting penny stocks to your attention for you to do your own research.. As
always I would love to hear from you, so please let me know your thoughts on these top penny
stocks in the comments section below and what other penny stocks are catching your eyes lately.
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