- Investing in big crypto project comes with a risk of missing out potential growth in those projects.
- Smaller crypto projects have potential growth.
- Investors put small amount of capital into the projects which might see significant returns.
Investing in larger projects such as Ethereum or Bitcoin comes with the risk of missing out on potential growth opportunities in those projects. Both Ethereum and Bitcoin are already enormous crypto projects, which means that there is very little room for expansion for either of them in the future. This is in contrast to other cryptocurrency projects that have market caps that are lower.
Smaller projects (those with a market cap of less than $300 million) still have a shot at growth. As a result, even if investors only put in a few million (or even tens or hundreds of thousands), the projects could see significant returns.
A tweet by CryptoNewsLand lists ten different projects that are thought to have growth potential because of their use cases, community, and overall contribution to the blockchain. As an example, BAT is one of many such projects that have been active for some time. At the same time, the rest of the tasks here are only getting started.
Here is the List of the Top 10 Crypto Projects with a Market Cap of Less Than $300 Million
Basic Attention Token (BAT)
“BAT” stands for Basic Attention Token, a token in the cryptocurrency ecosystem that has been around for some time. At its current price of $0.1972, BAT has gained 0.32% in the last 24 hours. The market cap for BAT is $294,968,566 and the stock has a daily volume of 16,919,649 shares. When investing in the crypto space, investors should also consider BAT, as it appears to have a bright future.
Enjin Coin (ENJ)
Although its market cap is less than $300 million, Enjin Coin, which has the ticker “ENJ,” is one of the fastest-growing coins. It looks like this coin could be worth investing in. As of the latest data from CoinMarketCap, the price of one Enjin coin has dropped by 0.14% to $0.2861, and it controls 0.03% of the market.
Decred (DCR)
Decred (DCR) has the ability to quickly adapt to new situations and implement cutting-edge improvements because it combines the tried-and-true Proof-of-Work with a novel take on Proof-of-Stake that puts coin holders in charge of determining the cryptocurrency’s direction. In Decred, you can gain clout by investing your own money.
By providing a secure, private, scalable, and decentralized treasury, Decred equips stakeholders with the means to increase their financial independence.
NEM (XEM)
In March 2015, the NEM blockchain platform was introduced. It was one of the first cryptocurrencies, and it attempted to fix problems that existed in other chains at the time. User-defined tokens, namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust made it one of the first non-turing complete chains to support these features. With the proof-of-importance consensus mechanism, it tried to encourage on-chain behavior while avoiding the problems that come with proof-of-stake systems, like too much wealth being held by a few people.
An anonymous group of cryptocurrency developers and enthusiasts hard forked NEM in December 2021. As its name suggests, the Harlock hard fork was a sign that the community wanted to change NEM from what it is now into the most popular global payments platform for both on-chain and off-chain media content.
Kava (KAVA)
In a Layer-1 blockchain, Kava brings together the energy of Ethereum’s developer community with the speed and interoperability of Cosmos.
Kava Network employs a co-chain architecture that is friendly to programmers. Support for EVM smart contracts is enabled on the Ethereum Co-Chain, and the lightning-fast Tendermint consensus engine and the Inter Blockchain Communication Protocol are enabled on the Cosmos Co-Chain (IBC).
DeFiChain (DFI)?
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To fully realize DeFi’s potential within the Bitcoin (BTC) ecosystem, DeFiChain (DFI) has been developed as a blockchain platform. The software platform is built to enable quick and transparent transactions, and it is supported by a decentralized network of computers. The DeFiChain team promotes their product as a ground-breaking blockchain initiative that solves problems associated with scalability, security, and decentralization.
Rocket Pool (RPL)
If you have some Ethereum 2 (ETH2) lying around, you can stake it at Rocket Pool, a decentralized staking pool that pays an annualized return of 4.33 percent. For a minimum investment of 16 ETH, Rocket Pool participants can run their own nodes or join the network of independent node operators. By staking Ethereum (ETH) and providing RPL collateral, the latter can earn up to 6.36% annualized return (APR) on their investment (ETH) and RPL collateral.
Rocket Pool is currently trading at $25.54 USD with a 24-hour volume of $2,777,600. Rocket Pool has lost 1.11% over the past day. The current market cap is $262,588,318 and it is ranked 216 on CoinMarketCap.
Loopring (LRC)
LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.
In 2020, the daily trading volume of all cryptocurrencies was roughly between $50 million and $200 million on average. The vast majority of these transactions take place on centralized cryptocurrency exchanges, which are online platforms run by private companies and used by traders to store their funds and make trades with one another.
Holo (HOT)
Holo is a decentralized, peer-to-peer platform that can host DApps developed with the Holochain framework without the need for blockchain technology. Since DApps are hosted on the internet by Holo network participants, Holo aims to act as a connector between the wider internet and apps developed with Holochain. This ecosystem and marketplace make DApps widely available.
Helium (HNT)
In the realm of the Internet of Things (IoT), Helium (HNT) is a blockchain-based, decentralized network.
The Helium mainnet went live in July 2019, and it permits low-powered wireless devices to send and receive data across its network of nodes. Hotspots, which combine a wireless router and a blockchain miner, serve as the network’s nodes. Those who run nodes can then mine for rewards in Helium’s native cryptocurrency token, HNT.
Since it started in 2013, Helium’s goal has been to make IoT communication better by showing where the current system is lacking.
Smaller Market Caps Mean Higher Risk
There is a higher likelihood of loss for the investors in a smaller project. In general, fewer investors will be willing to put money into a project with a smaller market cap. This raises the possibility that the project won’t be as successful as others or will fail altogether.
Due to the ease with which investors can pull their money out of a smaller project, those projects tend to be riskier than their larger counterparts.
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