WU

Western Union Company

Stocks

3 Best Penny Stocks to Buy for over 600% Gains

One of the best tricks to finding the best penny stocks is to take a look and see what analysts are expecting for some of these low-priced potential powerhouses.

If there is an analyst for a reasonably reputable Wall Street firm providing coverage for the stock, there is probably more here than meets the eye.

Usually penny stocks aren't worth their time, especially since many of these companies have very little business to speak of and often rise and fall based on hype.

But if an analyst expects incredible earnings growth rates, there may well be a lot more to a given company that its low stock price is revealing right now.

Here are three that fit the bill...

Cryptocurrencies

This 2018 Ripple Price Prediction Sees a Gain of 840% (XRP)

When you know what it can do, a Ripple price prediction of an 840% increase by the end of the year doesn't sound so crazy.

Investors have already caught on to the promise of this cryptocurrency. Last year, the XRP price soared 35,000%.

Still, Ripple is a complicated animal. The XRP cryptocurrency is separate from the company that created it, Ripple Labs. But Ripple Labs continues to play a major role in fueling the value of XRP.

Here's why the price of XRP has such enormous potential...