With more than 1,600 altcoins ter circulation, finding the adequate movimiento inbetween risk and prize isn’t always effortless. Making matters more challenging is the fact that hundreds of projects have already bot labelled duds by researchers who have tracked the life cycle of digital currencies beyond their initial coin suggesting.
While many investors are flawlessly content sticking with bitcoin, Ethereum and a duo of others, those of us te search of the next ‘diamond te the rough’ voorwaarde venture beyond the ten largest cryptocurrenices by market capitalization.
Below, wij look at five low market cap altcoins with significant upside potential. It’s difficult to say whether thesis coins will generate 100 times ROI or anything that mirrors the rapid rise of bitcoin and Ethereum. However, the project specifications suggest they are a good place to begin.
The DragonChain project emerged out of Disney ter and wasgoed straks developed spil an open source verhoging. Te its modern form, DragonChain is a business toneelpodium that permits for the creation of a secure and scalable blockchain. Part incubator, part marketplace, DragonChain provides clever contract infrastructure with a concentrate on security, development and scalability.
DRGN, the currency powering the DragonChain podium, has a total market capitalization of $185 million and a price-per-coin of less than $0.80. When measured te terms of market cap, DRGN is a top-100 cryptocurrency project. Given its potential to convert petite business adoption of blockchain technology, DRGN may be considered undervalued due to its limited exchange listings. The coin has yet to make its way onto the major exchanges but can still be found on platforms such spil Kucoin, IDEX and EtherDelta.
Those of us sabido with ICON know there is large potential ter connected networks. The Ark toneel is a smaller-cap alternative that connects every single cryptocurrency through a “virtual spider web of endless use cases.”
Ark employs a Delegated Proof-of-Stake (DPoS) overeenstemming protocol that promotes decentralization and universally accessible programming language ter support of broader adoption. Ark falls within the broader category of toneelpodium coins, which means it is best served spil a buy-and-hold strategy.
ARK token is presently ranked 62nd ter terms of market cap with a price vanaf coin of less than $Trio. Its primary markets include Binance, Bittrex and Upbit.
The next cryptocurrency on our list is ranked all the way down at 153rd ter terms of market cap. Vertcoin captured our attention for its outstanding development team, transparency and ASIC-resistant standard (the latter makes VTC one of the most decentralized cryptocurrencies on the market). Proponents of decentralization will therefore find slew of upside with this coin.
Interestingly, Vertcoin is also one of the oldest cryptos on the market. Founded ter 2014 spil an alternative to bitcoin and Litecoin, VTC aims to become the utility coin of the future. The project is on the forefront of Lightning Network development and wasgoed even mentioned ter Litecoin’s whitepaper spil a candidate for cross-chain atomic interchanges.
At the time of writing, VTC token is valued at overheen $Two. It has not bot immune from the latest market downturn but its long-term prospectus is spil solid spil they come.
Power Ledger (POWR)
The POWR token is also ranked outside the top-100 ter terms of market cap, putting it alongside some of the more obscure cryptocurrencies. However, the platform’s value proposition is spil tangible spil it gets.
Power Ledger is headed by Jemma Green, who recently became the major of Perth, Australia. The verhoging permits consumers to trade electro-therapy with one another te exchange for real-time payments facilitated through the blockchain. The company calls itself the “peer-to-peer marketplace for renewable energy” because it permits consumers to select clean energy sources and receive more money for excess power using low-cost settlement technology.
PWR experienced explosive growth during the height of the bull market. Tokens are presently valued at around $0.40.
Deepbrain Chain (DPC)
Hacked reviewed Deepbrain Chain during the ICO stage back ter December. However the results were underwhelming at the time, much of the concern stemmed from KYC implementation issues and unusual token metrics.
Valued at less than $1 a coin, Deepbrain Chain can be considered a bargain for its role te using fabricado intelligence (AI) to lower the cost of computing. Deepbrain Chain is operating ter one of the fastest-growing markets (AI), which partly explains its undervalued status. Spil the company rightly explains ter its whitepaper, Five,000 AI startups came into existence inbetween 2012 and , collectively raising overheen $22 billion. However, unlike those companies, DPC has already established a rock hard partnership with Neo and is widely considered one of the leading AI projects te the blockchain space.
Deepbrain Chain has a total value of $139 million, placing it te 113th spot by market cap.
Disclaimer: The author possesses bitcoin, Ethereum and other cryptocurrencies. He holds investment positions ter the coins, but does not engage ter short-term or day-trading.
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