The trading world is full of penny stocks.
With the meteoric rise in the price of bitcoin over the last year, investors have been making their money trading them, but what are they worth?
With the price rising by as much as $1,200 per coin over the past 24 hours, there’s a lot of potential for pennies to be worth something.
What’s the market worth?
It’s hard to say with certainty.
The price of a penny is usually based on the spot price of the coin and the market price of one bitcoin.
However, the current price of penny stock is based on a hypothetical scenario.
The ETFs of the ETFs can’t be trusted, and a lot is dependent on a few factors, such as the number of shares in the ETF.
With that in mind, we’re going to break down the penny stock market to get an idea of what it’s worth.
If you’ve got any questions about penny stocks, or want to discuss the latest ETF news, feel free to reach out to us on Twitter @mikebrennan.