First, Why Invest in Esports?
Esports is entering a tremendous growth phase. The global esports economy is expected to grow to more than $905 million this year, according to market research firm Newzoo. That figure would represent year-over-year growth of roughly 38%.
Furthermore, E-sports is likely to be the fastest-growing market in sports, if you consider it among traditional competitions like soccer and football.
In its latest Sports Survey, PwC gave e-sports it’s TOP rating in terms of “potential to grow revenues globally,” putting it one spot above soccer—the world’s most popular sport—and six spots in front of American football.
So we can see that the scope of the esports industry—and its rapid rate of growth—should put it on every investor’s radar.
However, with this much money pouring in, people need their own strategies if they want to be among the first wave that profits from esports
Which ESports Stocks Should You Be Watching?
First, there are the equipment makers like Nvidia (NVDA), which makes the high end graphics chips today’s gamers depend on, as well as Turtle Beach (HEAR), a leading designer of gaming headsets for popular online games such as Fortnite, one of the most popular games in the world with over 125 million users. Fortnite’s success alone drove Turtle Beach stock from $2 to $22.
Next up are the video game publishers like Electronic Arts (EA), which recently launched its own EA Competitive Gaming Division for FIFA, Madden NFL, and others as well as Take Two Interactive (TTWO) and Activision Blizzard, (ATVI), which recently purchased Major League Gaming for $46 million. And let’s not forget Chinese internet giant Tencent Holdings (TCEHY). Tencent owns Riot Games, the developer of one of the world’s most popular games, League of Legends.
How Can You Get In Early?
If you’re trying to find the next EA Games or Turtle Beach before it makes big gains, we suggest looking to the micro and small cap markets for new up and coming Esports players.
One company we have just started following is positioning itself and its shareholders to benefit from the massive market opportunity in ESports and that is AppSoft Technologies, ticker ASFT.
As we’ve already established ESports are growing faster than ever; millions of gamers, millions of viewers, and millions of dollars in prizes. From what once seemed like a small, niche market, the eSports industry is now among the fastest growing in the world.
The problem is, while the caliber of physical tournament events has skyrocketed, online tournaments simply haven’t.
Appsoft also came to the realization that, in order to be the best, things needed to be done differently.
So their solution is Guuf, spelled G-U-U-F, an all-new, venture-backed eSports tournament platform.
Guuf plans to offer large tournament prizes, fast payouts, great customer support, and free memberships.
Guuf doesn’t offer any type of premium membership, and all of their tournaments use real currencies, not credits or tokens.
At its core, AppSoft is for gamers and to has big plans to move eSports forward by providing gamers the best online tournaments in the world.
With an expanding portfolio of mobile apps and mobile games and the launch of an all-new ESports platform, AppSoft Technologies, ticker ASFT, is one up and coming Esports stock we’re keeping on our radar.
Forward Looking Statements
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