- Cryptocurrency investors have identified a few tokens with unrealized price potential.
- Market cap is used by investors to quickly gauge the value of a cryptocurrency.
- The market value of cryptocurrencies is determined by multiplying their price by the number of coins in circulation.
Cryptocurrency investors have identified a few tokens that they believe could skyrocket when realizing their potential. These are highly rated tokens whose market value has yet to meet market expectations.
Market cap is an important indicator in the cryptocurrency industry. It is a tool used by investors to quickly gauge the value of a cryptocurrency, and provides information on the dominance of any given coin or token.
The market value of a cryptocurrency is determined by multiplying its price by the number of coins in circulation. Investors use this to gauge the sustainability of the cryptocurrency, with the assumption that coins with a higher market cap are safer. They also believe that currencies with large social capital but low market capitalization tend to grow larger. Hence, they are known to be coins with high profit potential.
According to Coinmarketcap, the top five projects with a market capitalization of less than $400 million include Conflux, Kava, Casper, Zilliqa, and Oasis Network.
Conflux is a layer 1 blockchain that uses a Tree-Graph consensus algorithm to achieve high throughput. The protocol implemented allows the blockchain to perform parallel transaction processing to increase throughput and scalability. Although Conflux is highly rated, it has a market capitalization at the time of writing of $386.79 million and ranks 84th on Coinmarketcap.
Rank 88 is Kava, a network that implements a shared chain architecture optimized for developers to combine Cosmos and blockchains to achieve a scalable, interoperable, and efficient layer-1 solution. Kava is expected to do well in the future. However, its market capitalization is still relatively low at $378.55 million.
Casper has a market capitalization of $371.16 million and it ranks 90th on Coinmarketcap. It is a blockchain solution built with a futuristic philosophy that ensures continuous development of the platform based on users’ needs.
Another relatively low-cap and high-potential blockchain is Zilliqa. It is an unauthorized public blockchain focused on high throughput. Zilliqa is built for scalability and speed. Zilliqa’s market cap at the time of writing is $352.59 million.
The fifth largest blockchain solution with a market cap of less than $400 million is Oasis Network. It is a privacy-enabled, scalable, layer-one blockchain that combines high throughput with low gas fees to lay the foundation for Web3 solutions. Oasis Network’s market capitalization at the time of writing is $282.42, which leaves plenty of room for upside potential.
A post outlining investors’ top 5 cryptocurrencies with a market cap of less than $400 million appeared for the first time on Coin Issue.