Cryptocurrency investors are always on the lookout for the best investment opportunities, and as such, they follow closely what happens with the smaller coins, as well as the largest. A lot of people have a general rule to only invest in the largest, and well-established cryptocurrencies. This is a good rule that can allow them to avoid scams and increase their chances of getting a decent profit.
However, there are investors who are ready to take the necessary risks in order to become early adopters of future stars of the crypto space. The space is alive, and the top 100 list constantly changes. Even the list of top 10 largest cryptos looks a lot different today than it did a few years ago. Sure, some coins are the same, but they are in the minority.
With all that in mind, we will now take a look at top 4 cryptocurrencies that are not even among the 100 largest coins — but they do seem to have the potential to change that in the future.
As mentioned, coins enter and leave the list of top 100 largest cryptos all the time, and KIN is a perfect example of this. The coin currently has a market cap of $35.98 million, and it ranks as the 120th largest coin at the moment. However, the coin did not sink because it is a bad project, or because its team does not do their job properly.
It appears that it simply did not receive too much attention, for some reason. While this, and other coins that suffered the same fate might seem like a bad investment — particularly to those who bought them during their ICOs — it is not too late for such projects to turn things around in months to come.
Next, we have coins which are at the very edge of the top 100 cryptos but can easily be on both sides of the line. Electroneum (ETN) is one such coin, which has received a lot of attention back in 2018. However, it appears that many had forgotten about it when the price recovery started, and all the attention returned to the top 10 list.
ETN itself saw multiple ups and downs in 2019 alone, and many more are likely to come. The project itself is pretty good, and with a market cap of nearly $50 million, ETN currently ranks as 97th. While this does put it within the top 100 at the moment, it is likely only temporary. As mentioned, the project can often be found on the other side of the border as well, and it will likely keep switching until it starts drawing attention again.
Bitcoin Private (BTCP)
Then, there are small coins with large potential, such as those whose market cap barely exceeds $1 million. There are often great coins with a market cap below $1 million. Among such coins, we find another member of the Bitcoin family, Bitcoin Private (BTCP). At this time, none of the coins in this category seem very exciting, but there are hundreds of them for those willing to take a chance and bet on their future.
Bitcoin Private might never succeed, or it might go big in years to come. Pretty much all other Bitcoin coins did, at least at some point, so this one might not be an exception. At the moment, the coin has a market cap of $1,2 million, and it sits at 779th position, with a price of $0.272115. Interestingly enough, the coin’s price is currently skyrocketing with over 35% gains against the USD in the last 24 hours, and over 36% gains against BTC during the same period.
Finally, there is the last category, which can be considered as ICO tokens. These are the coins that were launched during a very bad time for ICOs, just as they were starting to go extinct. As such, the coins never saw a lot of attention or hype, but that might simply be due to bad timing. Take DENT as an example — it is a promising project that has a working mobile data trading ecosystem.
However, while it has the potential to be very useful, the coin is often in and out of the top 100 list, similarly to ETN. It currently holds the rank of 93, but it is unlikely to be a permanent breach into the top 100 list. Its market cap is not that bad, sitting at around $52 million at this time. However, this is a coin that might be a lot higher on the list, granted that it receives the necessary attention. There are others like it, as well, so forward-looking investors might want to look them up.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or 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.
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…