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.
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Can Libra help the crypto industry to reach new heights?
The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.
What is Libra?
Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.
Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.
The development of…