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3 Coins Likely to Explode During the Next Bull Run

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Despite the fact that the crypto market currently doesn’t look too encouraging, those who are familiar with crypto trends know that situation can quickly turn around at any time and we get a bull run. While it seems impossible now, a new bull run will arrive eventually. Because of that, investors need to know what are their best choices, as opportunities like that do not come as often as we would like.

One major question is whether to invest in coins with low prices or in coins with the low market cap. A lot of people would agree that low-priced coins are better since you can buy more of them for the same amount of money. However, this assumption is wrong.

The reason for this is simple. Let’s say that there are two coins, one with a price of $0.50 and a market cap of $100 million, while the other one has a price of $2 and a market cap of $5 million. If there is $1 in demand, the coin with a market cap of $100 million will now have $101 million. On the other hand, the coin with a market cap of $5 million will see an increase to $6 million.

The low-cap coin has just had its market cap grow by 20%, and the same is expected to happen to its price. The other coin will grow by barely 2%, which is almost no change at all when compared to the smaller one.

Of course, it is not as simple as that, and targeting the coin with the smallest market cap will likely get you nowhere unless the coin gets a proper amount of attention. Because of that, we will now check out our top three picks for coins worthy of investment that have a significantly smaller market cap the best-known cryptos.

1. Mithril (MITH)

Mithril is a decentralized project that is tightly connected with social media. It was developed on Ethereum’s network, with a goal to revolutionize the way we use social media, and how it impacts our lives. Considering how much time people spend on social media, this coin is a project that will likely do great once more people start accepting cryptos.

The point is simple — the more someone contributes to a certain social media in terms of content, the more MITH they get as a reward. This is social mining, which is a fun way of making a profit. Since most people would post that content anyway, earning MITH will not require a lot of effort, only time and dedication.

The coin’s performance in the market of 2018 looks rather promising, all things considered, and its current price is $0.133692, while its market cap is at $51.9 million.

Social media has changed our behavior and view of the world forever. Younger investors grew up relying on them, and they are the ones that will benefit the most from this coin.

2. Decentraland (MANA)

Decentraland is another coin that will undoubtedly go big in time simply due to what it offers. This is a coin with strong ties to the gaming industry, which focuses on the creation of a virtual world based on Ethereum’s blockchain. However, potential uses of this virtual world exceed gaming by far, since Decentraland will literally be a place where virtual land can be bought and used for various purposes.

This can include the creation of entirely new projects and games, purchase and sale of digital land, and the creation of entire virtual cities where developers can base their activities. The project encourages diversity and all ideas are welcome, which is why it is expected to grow extremely big in time.

Decentraland also has a low market cap of only $61.6 million, and a price of $0.058691 per coin. However, this is a coin that will definitely grow in long-term, since it will be the main currency of the entire project.

3. Wanchain (WAN)

Finally, our third choice is Wanchain. This is a coin that aims to create an interoperable blockchain banking system that can be used for cryptocurrencies but will offer all the same features that can be found in regular banks. Wanchain is a young project that has a lot of work to do still, however, it already proved to be capable when it comes to interoperability, and it is a project that can connect numerous blockchains in a single large network.

While each blockchain is a marvel by its very nature, connecting them in a new network is the next big step in their evolution. Each blockchain is making progress on its own, although they often take different paths. By connecting them to a single network, all possibilities become instantly available to everyone, which is why this project is so valued.

However, as mentioned, WAN is still a young coin, and it has a market cap of $47.7 million at the time of writing. Its price is also very low, with only $0.450206 per coin. For a lot of investors, this is the right time to buy this coin, since a bull run can easily help it reach entirely new heights, and make it hard to obtain a large amount of something that is likely one of the top coins of the future.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Avalanche Price Loses Momentum Ahead of FOMC Decision

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Avalanche price has pulled back in the past few days as investors wait for the upcoming Fed decision. AVAX has also declined as buyers who benefited during January’s comeback start harvesting profits. It was trading at $20, which was a few points below the year-to-date high of $21.84. The coin has jumped by about 90% from the lowest point in 2022.

AVAX had a great January

Avalanche is a leading alternative to Ethereum. Some of its important features are that it is highly interoperable, has faster speeds, and has extremely low transaction costs. Avalanche has been used to build some popular apps in the ecosystem are Wonderland, AAVE, Benqi, Trade Joe, and GMX.

Avalanche has had a strong performance in 2023 as the amount of inflows in the ecosystem has jumped sharply. For example, Wonderland has seen its TVL jump by 8.45% in the past 30 days. Similarly, AAVE, Benqi, Trader Joe, and GMX have seen their assets jump by over 20% in the same period. 

At the same time, the amount of fees in the ecosystem has been in an upward trend. The supply side fees in January peaked at $42.5 on January 1. In all, the fees collected in the ecosystem were better than in the previous month. They have risen by over 80% in the past 30 days.

The next…

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Dogecoin Price Slowly Forms a Rising Wedge Pattern

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Dogecoin price rose on Tuesday as investors cheered the new reports on Elon Musk’s ambitions on payments. The coin jumped to a high of $0.095, the highest point since December 11 of last year. It has jumped by more than 39% from the lowest point in 2022.

Elon Musk’s Twitter ambitions

Dogecoin is associated with Elon Musk, the second-richest person on earth with a net worth of over $150 billion. Before he endorsed the coin, it was languishing as one of the many cryptocurrencies in the industry. Today, DOGE is a multi-billion dollar cryptocurrency that is owned by millions of people. 

DOGE price rose after the Financial Times reported about Elon Musk’s plans for Twitter. He wants to make Twitter a leading payments provider. For example, he could build a product that makes it possible for people to send money to each other. Also, the payment platform could have features that enable people to pay to companies. 

According to the FT, Musk will also seek to introduce crypto in Twitter’s ecosystem. If this happens, he will likely introduce Dogecoin, which is his most favorite’s cryptocurrency. Tesla, his main company, has already started accepting DOGE for its accessories business. 

But there are two main unknowns. First, it is unclear when the new payment service will be launched. Second, it is still unclear whether users will embrace…

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DYDX Crypto Price Resurgence Gathers Momentum

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The dYDx crypto price has made a spectacular recovery in the past few days as investors reacted to the postponement of the token unlock program. The token surged to a high of $2.62, the highest point since November 15 last year. 

Why is dYDx price soaring? 

dYDx is a leading crypto exchange that is relatively different from centralized platforms like Coinbase and Binance. It’s main difference is that it is a decentralized exchange that is controlled by a DAO. 

A key part of the dYdX ecosystem is that of token unlocks. A token unlock is a situation where a blockchain releases tokens as part of its tokenomics. It can be compared to what happens when a company’s lockup expiry happens. 

As I wrote last week, the developers were to release millions of tokens, which would have diluted existing holders of the token. In a statement, the company said that they would postpone the unlocking of these tokens. 

30% of these tokens will now be unlocked on December 1. They will be followed by 40% in equal monthly installments on the first day of each month starting from January 1 next year to June 1. 20% of the tokens will then be released in equal installments on the first day of the month from January 1, 2024 to June 1 2025. 

Similarly,…

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