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Top Penny Stocks To Watch If You're Playing The Esports Trend In 2021

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Oct 07, 2021 (Penny Stocks via COMTEX) -- A new industry has emerged from the ashes of the 2020 pandemic. Both penny stocks and blue chips have started to reap the reward. The exciting part is that, unlike other "reopening stocks," this new trend has only just begun to dig its cleats in. In this article, we're looking at the emerging trend in esports. We'll also discuss what's happening in the industry. Plus, I'll go over a few penny stocks to watch as M&A activity has grown prominence.

Esports & A New Trend That Can't Go Unoticed

Believe it or not, professional esports has been around for a while. Thanks to the global shutdown last year, its growth was amplified, however. For example, Newzoo, an industry analytics firm, explained that in 2015 just over 800,000 people had even heard of esports. Fast-forward a few years, and Newzoo finds that nearly 2 billion people are well aware of the industry. More than 600 million encompass the "active live streaming" audience.

Read more:5 Top Penny Stocks To Watch In The Stock Market Today

You also can't ignore that Newzoo expects the industry to reach $1.8 billion by next year. Thanks to these stats, it's no wonder that top celebrities and professional athletes are grabbing a stake in this niche. Everyone from Michael Jordan and David Beckham to Will Smith and Drake is throwing their hats into the ring right now.

Esports Penny Stocks To Watch

  • Alpha Esports Tech Inc. /zigman2/quotes/226809780/delayed CA:ALPA -2.50% /zigman2/quotes/227324070/composite APETF -17.53%

  • FansUnite Entertainment Inc. /zigman2/quotes/218315487/delayed CA:FANS -4.88% /zigman2/quotes/218528450/composite FUNFF -5.88%

  • Super League Gaming /zigman2/quotes/202401484/composite SLGG -3.11%

Alpha Esports Tech Inc. /zigman2/quotes/227324070/composite APETF -17.53%

One of the newer companies on this list of penny stocks is Alpha Esports. It made its public debut earlier in the year and since then has put a more significant focus on building partnerships and strong working relationships. Alpha's model leverages its GamerzArena platform to build upon a userbase of both novice and professional games, taking full advantage of the popularity of Esports. According to the company, GamerzArena boasts over 100,000 active users and a rapidly evolving ecosystem.

New partnerships have become a driving force for Alpha aside from members' eligibility to become GamerzArena+ members (at $12.99/ month per member). The company has explained that its relationship includes names like The New Jersey Devils, Barstool Sports, ESPN Radio, Notre Dame, Syracuse University, & Penn State, among others.

Most recently, Alpha became the Official Online Gaming Portal of Nets Gaming Crew, the NBA 2K League affiliate of the Brooklyn Nets. NetsGC and Alpha will team up to host two esports tournaments on the GamerzArena platform - one for high schoolers and one for college students, just for starters.

This became the latest on a long list of deals that Alpha has been part of since going public. Each deal has further expanded its reach and access to new users. This week, Alpha inked an agreement with Esports Entertainment Group ( NASDAQ:GMBL ) subsidiary, EEG Labs, to develop a new computer vision tech system. The tech will simplify match scoring and allow GamerzArena to detect fraud, including falsified game outcomes. Magnus Leppaniemi, President of EEG Games, explained, "In working together, we will pave the way for ground-breaking and efficient scoring of esports match results, allowing gamers everywhere to compete safely and reliably."

With countless deals in the books and progress being made via its GamerzArena platform, Alpha could be one of the Esports penny stocks to watch as the industry grows.

FansUnite Entertainment Inc. /zigman2/quotes/218528450/composite FUNFF -5.88%

Another one of the esports penny stocks gaining momentum later in the year is FansUnite. The company offers technology that is specific to gaming and entertainment. Unlike Alpha, FansUnite has put a more significant focus on the iGaming (sports betting) side of the token in Esports.

In particular, its VamosGG is an esports-first sportsbook and casino site. It was created on the company's Chameleon platform to explicitly service the esports betting market in Brazil. This is also one of the fastest-growing regions for esports betting globally.

/zigman2/quotes/226809780/delayed
CA : Canadian Securities Exchange
$ 0.39
-0.01 -2.50%
Volume: 281,887
Jan. 18, 2022 3:56p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$24.76 million
Rev. per Employee
N/A
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/zigman2/quotes/227324070/composite
US : U.S.: OTC
$ 0.30
-0.06 -17.53%
Volume: 52,727
Jan. 18, 2022 3:44p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$22.69 million
Rev. per Employee
N/A
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/zigman2/quotes/218315487/delayed
CA : Canadian Securities Exchange
$ 0.39
-0.02 -4.88%
Volume: 678,200
Jan. 18, 2022 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$86.95 million
Rev. per Employee
N/A
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/zigman2/quotes/218528450/composite
US : U.S.: OTC
$ 0.31
-0.02 -5.88%
Volume: 361,019
Jan. 18, 2022 3:46p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$71.00 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/202401484/composite
US : U.S.: Nasdaq
$ 2.18
-0.07 -3.11%
Volume: 260,873
Jan. 18, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$80.50 million
Rev. per Employee
$122,667
loading...
/zigman2/quotes/227324070/composite
US : U.S.: OTC
$ 0.30
-0.06 -17.53%
Volume: 52,727
Jan. 18, 2022 3:44p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$22.69 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/218528450/composite
US : U.S.: OTC
$ 0.31
-0.02 -5.88%
Volume: 361,019
Jan. 18, 2022 3:46p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$71.00 million
Rev. per Employee
N/A
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