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Home Crypto Altcoin

Investors Identify Top 5 Cryptos with Market Cap Under $400M

News Room by News Room
March 13, 2023
in Altcoin
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coinedition.com

10 March 2023 20:50, UTC

  

Reading time: ~2 m

Cryptocurrency investors have identified a few tokens they believe could rally significantly at the realization of their potential. These are highly-rated tokens whose market capitalization is yet to fulfill market expectations.

Market capitalization is a crucial indicator in the cryptocurrency industry. It is a tool used by investors to quickly gauge the value of a cryptocurrency, providing information on the dominance of any coin or token.

The market capitalization of a cryptocurrency is determined by multiplying its price by the number of coins in circulation. Investors use this to measure the sustainability of crypto, with the assumption that coins with higher market caps are more secure. They also believe that coins with significant social capital but low market cap tend to grow bigger. Hence, they are known to be coins with high-profit potential.

According to Coinmarketcap, the top five projects with market capitalization under $400M include Conflux, Kava, Casper, Zilliqa, and Oasis Network.

Conflux is a layer 1 blockchain that utilizes a Tree-Graph consensus algorithm to achieve high throughput. The implemented protocol allows the blockchain to perform parallel transaction processing for increased throughput and scalability. Although Conflux is rated highly, its market cap at the time of writing is $386.79 million and ranks in the 84 on Coinmarketcap.

Ranking 88 is Kava, a network that implements a developer-optimized co-chain architecture to combine Cosmos and Ethereum blockchains to achieve a scalable, interoperable, and efficient Layer 1 solution. Kava is projected to do well in the future. However, its market cap is still relatively low at $378.55 million.

Casper has a market cap of $371.16 million and ranks 90 on Coinmarketcap. It is a blockchain solution built with a future-proof philosophy that ensures the continuous development of the platform based on users’ needs.

Another relatively low-cap blockchain with high potential is Zilliqa. It is a public, permissionless blockchain that focuses on high throughput. Zilliqa is designed for scalability and speed. The market cap of Zilliqa as of the time of writing is $352.59 million.

The fifth top blockchain solution with a market cap below $400 million is Oasis Network. It is a privacy-enabled, scalable layer 1 blockchain that combines high throughput and low gas fees to lay the foundation for Web3 solutions. The market cap of Oasis Network at the time of writing is $282.42, leaving much room for upside potential.

Read the full article here

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