Trump Penny Stocks To Watch Right Now
The debut of former President Donald Trump’s Truth Social media platform has caused a stir in the stock market today. Once again, news headlines have sparked a surge in companies with any type of exposure to the alternative social media company. While investors remain focused on big picture stocks like this, others hunt for cheap penny stocks that might have something to do with the former U.S. President.
This has been a phenomenon since the SPAC market woke up thanks to the newest Facebook competitor. What’s more, the company is back in the spotlight this week thanks to news that it would raise $1 billion through a PIPE transaction.
Former President Donald Trump, also chairman of Trump Media, explained that “$1 billion sends an important message to Big Tech that censorship and political discrimination must end. America is ready for TRUTH Social, a platform that will not discriminate on the basis of political ideology. As our balance sheet expands, TMTG will be in a stronger position to fight back against the tyranny of Big Tech.”
It is trends like this, which have given rise to the strength of retail traders. Though “Trump stocks” are one of the underlying themes, look on popular social media platforms like Reddit and Twitter. You’ll see many “investor round tables” discussing numerous penny stocks. Remember, however, even though these cheap stocks can be bought for under $5 (as the title says), it’s up to you to decide if they’re worth the risk.
Reddit Penny Stocks To Watch
- Datchat Inc. (NASDAQ: DATS)
- Phunware Inc. (NASDAQ: PHUN)
- Paysafe Ltd. (NYSE: PSFE)
- Virpax Pharma Inc. (NASDAQ: VRPX)
Datchat Inc. (NASDAQ: DATS)
Shares of DATS stock are no stranger to huge moves. Following its IPO, we discussed the company in more detail (See: Penny stocks to watch as tech tries to rebound). Since Day 2 of its public action, DatChat has managed to turn heads for its technology platform centered around privacy and security. DatChat folds blockchain, cybersecurity, and social media into a single platform. Users can delete messages and posts and protect themselves from anyone taking a screenshot of them before getting deleted.
With a focus on things like former President Trump’s alternative social media platform, other companies like DatChat have found a place in the eyes of traders. In particular, its private social media platform has become a point of interest for the DeFi community. CEO Darin Myman said in a recent update that the DatChat platform could play an important role for both DeFi and NFT’s.
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Looking ahead, the proposed launch of DatChat Blockchain could attract some interest. The company discussed its plans on exploring a proof of participation and a potential proof of stake opportunity for holders of its NRD Points, converted into tokens. When or if launched, all of this…
Read more:4 Reddit Penny Stocks To Buy For Under $5 As Trump Stocks Jump