Capitalization is one of the key market characteristics of a cryptocurrency. It shows the total value of all coins in use. A highly capitalized currency is resistant to small market fluctuations. The rapid growth of the rate for such a crypt is less typical than for cryptocurrencies with a high capitalization.
But assets with a relatively low capitalization show severe fluctuations in short periods. It is these low cap crypto gems that can be a promising investment.
To date, promising low cap cryptocurrencies are:
- Enecuum (ENQ) is a mobile blockchain for decentralized applications. Enecuum offers its members a work product, a transparent work system, simple tasks, a simple interface, and daily rewards. The market cap is $ 15.78M.
- Swipe (SXP) is a network of many products and services that use the SXP token. With a Visa debit card, Swipe is trying to make cryptocurrency available to the average person. Market Cap 448.25M $.
- Status (SNT) is a token for managing and encouraging participation in the instant messaging network of the Status Network mobile operating system. The project was created to encourage effective communication and the use of the Ethereum blockchain by bringing this technology to mobile devices. Market Cap 319.22M $.
- Zilliqa (ZIL) is a public blockchain platform that is highly scalable, thanks to the sharding system. That is, the more mining nodes participate, the more transactions the network can process. Market Cap $ 1.15B.
- MOBOX (MBOX) is a blockchain gaming ecosystem that combines working with NFT and profitable farming. The platform is community-driven and allows you to receive rewards for various in-game actions. This system is called Play-to-earn. Market Cap 290.45M $.
Before investing in the listed projects, remember that the lower the capitalization of an asset, the easier it is to manipulate its value. The massive volatility of low-liquid assets speaks of grave risks associated with the fact that prominent players can do whatever they want with these cryptocurrencies.
Market volatility allows you to make money, but you always need to think about the means to protect your capital. So limit the risks as much as possible when working with such low-cap cryptocurrency.
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