Best small cap crypto to invest in 2024
Top small-cap cryptos to invest in 2024:
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Kava - DeFi platform with stablecoin lending and cross-chain interoperability;
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GMX - Decentralized exchange with low fees and zero-price-impact trades;
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Blur - Governance token of the rising Blur NFT marketplace;
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Chia - Eco-friendly crypto with a unique "proof of space and time" model;
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Enjin Coin - Powers a robust ecosystem for NFTs in gaming.
Learning about the low market cap crypto is a must for investors who want to reduce the risk of investing in cryptocurrencies. Since small-cap crypto ensures better returns for investors, they need to explore new opportunities attached to these cryptocurrencies. This article will provide information about small-cap cryptos and the best low-market-cap crypto for 2024.
Is it a good idea to buy small cap crypto now?
Small cap Cryptocurrencies have a market capitalization of less than $1 billion. While market cap is a key indicator of the value of a coin, it does not show how well the coin can perform in the future.
Investing in low-market-cap crypto can be advantageous for different reasons, but it can also be risky. However, based on the overall analysis, investing in low market-cap crypto is recommended.
Below are some reasons why you might be making the right decision investing in low supply cryptocurrency and the opposite.
👍 Pros
•Low market-cap crypto can grow faster in terms of key metrics and can be as good as their big-cap counterparts. These coins often offer more growth potential than their larger counterparts.
•They are vulnerable to changes in price.
•Additionally, passive investors increase returns by using small-cap value index funds.
👎 Cons
•Small caps also have higher volatility and are more likely to fail than larger ones.
•They are very likely to crash and result in financial losses for investors. The project could disappear if the development team makes a mistake.
Top 20 small cap cryptos to invest in 2024
Every cryptocurrency enthusiast is curious to see how large-cap and small-cap cryptos will fare in the current year. Small-cap cryptos are still unknown to some investors who only know about popular big-cap cryptocurrencies. Below are the top 20 low market cap cryptos to invest in currently.
Helium (HNT)
Helium (HNT) is the native token of a platform that is a decentralized wireless network providing Internet access to smart devices. The platform connects remote access points from all over the world to a single network and is an alternative to wireless Internet, satellite and mobile communications.
In 2021, the coin price grew more than 40 times, becoming one of the growth leaders among cryptocurrencies from the second half of the Top 10 list. The idea of the platform may turn out to be promising in the future. Is it worth investing in HNT and will the coin price be able to reach a new all-time high?
Kava (KAVA)
Kava (KAVA) is a blockchain platform for decentralized financial apps (DeFi) based on the Tendermint consensus algorithm. The platform is compatible with the Cosmos blockchain. The KAVA cryptocurrency is used as a utility to ensure network security, voting for making decisions and payment of transaction fees within the Kava network.
Kava offers infrastructure for providing and using financial services, such as lending, and staking of various digital assets. Kava also allows its users to use stablecoins pegged to fiat money, such as USD or EUR, to reduce the risk of cryptocurrency volatility. In other words, the mission of the platform is to provide an opportunity to users to borrow the USDX stablecoin and convert it into other cryptocurrencies to earn money on DeFi products.
Compound (COMP)
Compound (COMP) is the native currency of the lending platform that, similar to bank deposits, attracts user money and issues loans through liquidity pools. The interest rate is calculated approximately every 15 seconds algorithmically based on the supply/demand balance. The platform runs on the Ethereum blockchain.
In 2021, COMP price grew from USD 145 to over USD 850, setting a new all-time high. Then the coin slowly rolled back to the psychological value of the token at the time of the ICO. Will the price continue its flat movement or will the developers provide a reason for resuming growth?
Compound (COMP) price prediction 2024, 2025, 2030 Compound (COMP) price prediction for today and 1 weekRocked Pool (RPL)
Rocket Pool (RPL) is a decentralized platform for staking Ethereum (ETH) in the Ethereum 2.0 network. It allows users to delegate their funds to third-party validator hubs and receive a reward in the form of RPL tokens. The platform’s main goal is “liquid staking”. The platform allows users to earn money on staking ETH without depositing the mandatory 32 ETH.
Rocket Pool provides access to staking for small investors, who do not have enough Ether to launch their own validator hub. The platform also offers tools for risk management and profitability improvement, including staking distribution among several hubs and automatic redistribution in case of deviation from the payout standard. The RPL token can also be used as a tool for voting on the issues of the Pocket Pool platform management and development.
Zilliqa (ZIL)
Zilliqa (ZIL) cryptocurrency is a platform for developing decentralized apps that uses a consensus algorithm that is a hybrid of proof-of-work and Practical Byzantine Fault Tolerance (PoW and pBFT) and sharding. The goal of the platform is to solve the Ethereum scalability problem and ensure high speed of transaction processing. The coin has high volatility on short intervals, but shows a relatively small growth of 3-5 times against the general market growth. Will ZIL be able to set new all-time highs in the next few years?
Zilliqa Forecast (ZIL) – Price prediction for 2024, 2025, 2030 Zilliqa (ZIL) price prediction for today and 1 weekLoopring (LRC)
Loopring (LRC) is a platform for developing decentralized exchanges built on Ethereum. The platform’s protocol is used to create decentralized exchanges, where exchange of assets takes place directly without middlemen (intermediary coins). The goal of the startup is to help solve the scalability problem. In autumn of 2021, the coin price grew eightfold. The coin also shows local price surges driven by the news releases on successful project development. Will LRC be able to bring over 100% return to investors in the next few years?
Loopring Forecast (LRC) – Price prediction for 2024, 2025, 2030 Loopring (LRC) price prediction for today and 1 weekNexo (NEXO)
Nexo (NEXO) is a cryptocurrency startup providing crypto-related financial services. The mission of that platform is to provide access to lending services by using its own cryptocurrency assets as a collateral. The platform provides instant loans in fiat and stablecoins under collateral of supported coins, for example ETH, BTC, LTC, XRP.
Additional services of the crypto lending exchange include storage of cryptocurrencies and earning money on cryptocurrencies. NEXO is also used as a means of payment for access to the services of the platform and for receiving discounts on loan interest rates.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is a cryptocurrency built on the Ethereum blockchain. It is a governance coin of the gaming community platform. The platform unites over 20 million users of different gaming spaces. The mission of the platform is to provide instant liquidity, and launch software to improve communication between the members of the community and monetize the gaming process.
In 2021, the coin recorded all-time highs twice. In April, investors could earn around 2,000% profit, when the coin price grew from USD 0.15 to USD 3.26. In November, investors could earn 300%. Will the coin be able to show the same kind of growth over the next few years?
Enjin Coin Forecast (ENJ) – Price prediction for 2024, 2025, 2030 Enjin Coin (ENJ) price prediction for today and 1 weekGateToken (GT)
GateToken (GT) is a cryptocurrency used to pay fees on the Gate.io crypto exchange and its ecosystem. Gate.io was launched in 2017 in Toronto, Canada. The exchange offers access to trading in 500+ markets, including cryptocurrencies, tokens and fiat currencies.
GateToken was launched in 2018 on the Ethereum blockchain, ERC-20 standard, but in 2020 it was transferred to its own blockchain, GateChain, which offers a faster and more scalable network for transaction processing.
GateToken is also used for getting discounts for trading fees on the Gate.io exchange. GT holders can get up to 50% discount on trading fees, depending on their trading volume and GT holdings. In addition, GT can also be used for voting on adding new coins to the exchange and other important decisions in the Gate.io ecosystem.
GMX (GMX)
GMX (GMX) is the native token of the GMX cryptocurrency exchange. GMX is a decentralized crypto exchange launched in 2020. It is powered by the Ethereum blockchain and uses smart contracts to ensure security and automation of the trading process. The exchange also supports low swap fees and trades with zero impact on the price.
The GMX token is used as a means of payment for the transactions on the exchange, and for voting and decision making in the DAO. GMX is also used to encourage participation in the community and rewarding users for completion of certain tasks.
Blur (BLUR)
Blur is the governance token of the Blur NFT marketplace, a platform rapidly gaining traction for its innovative features and focus on professional NFT traders. Blur offers advanced trading tools, such as portfolio analytics, floor-sweeping across multiple marketplaces, and zero trading fees. This has attracted high-volume traders and contributed to Blur's impressive growth. BLUR holders can participate in the platform's governance, influencing decisions on future developments and fee structures. The token's value is tied to the success of the Blur marketplace, making it an intriguing option for those who believe in the platform's potential to disrupt the NFT space.
Chia (XCH)
Chia is a unique cryptocurrency created by Bram Cohen, the inventor of the BitTorrent protocol. It aims to address environmental concerns associated with traditional mining by employing a "proof of space and time" model. Users "farm" XCH by allocating unused hard drive space, eliminating the need for energy-intensive computations. While Chia boasts a sustainable approach and low transaction fees, it currently faces challenges with transaction speed, which can be slower compared to other blockchains. Despite this, Chia's innovative model and strong leadership continue to attract interest within the crypto community.
PAX Gold (PAXG)
PAX Gold (PAXG) is a cryptocurrency backed by physical gold. It was launched in 2019 by Paxos Trust Company, a technology company specializing in blockchain. Each PAXG represents ownership right to one troy ounce of a London Good Delivery gold bar held in the storages in London. This means that PAXG holders own tokenized gold that can be bought in a few clicks on a cryptocurrency exchange anywhere in the world.
IOTA (MIOTA)
IOTA (MIOTA) is a platform that could become the connecting link in the Internet of Things. The Internet of Things describes the network that allows you to combine physical objects into a single digital space. MIOTA resolves the issue of communication between the connected devices, also being a means of payment inside the system. The platform is built on Tangle, an innovative type of distributed ledger technology.
In the first four months of 2021, IOTA price grew almost sevenfold. However, after the correction that followed, the quotes returned to the level of the beginning of the year. Some analysts believe that MIOTA can record a new all-time high in the next few years. What does the cryptocurrency community think about this?
IOTA (MIOTA) Forecast IOTA (MIOTA) price prediction for today and 1 weekKlaytn (KLAY)
Klaytn (KLAY) is a service platform for developing decentralized apps (DApps) and digital assets powered by blockchain technologies. Klaytn uses its own consensus mechanism called Proof of Contribution (PoC), which allows it to improve transaction speed and capacity. Several DApps, including gaming apps and solutions for business have already been launched on the Klaytn platform, with new projects under development. Klaytn also has partner relations with other blockchain platforms and companies, including Samsung, LG and UnionBank of the Philippines.
The Klaytn platform also provides users tools for creating metaverses and GameFi platforms. The software package includes customizable L2 solutions, wallets, oracles and bridges, NFT marketplaces, etc.
dYdX (DYDX)
dYdX is a decentralized trading protocol that allows users to trade cryptocurrencies and earn money through lending and liquidity provision. Unlike centralized exchanges, dYdX has no headquarters or internal team. Instead, it is governed by the DYDX token holders through on-chain voting. The platform uses smart contracts to facilitate crypto margin trading, options trading, and perpetual swaps. This allows traders great flexibility in entering both long and short positions. Perhaps most uniquely, dYdX assumes the counterparty risk in all trades, eliminating the need for traders to interact with each other. Fees on the platform are also very low, currently just 0.03-0.05% per trade. As a result, dYdX has seen rising adoption as a premier venue for low-cost, decentralized derivative trading.
ApeCoin (APE)
ApeCoin is the native token of the APE Ecosystem, born from the immensely popular Bored Ape Yacht Club (BAYC) NFT collection. It serves as a utility and governance token, granting holders access to exclusive features like games, merchandise, events, and voting rights within the ApeCoin DAO.
The APE Ecosystem is rapidly expanding, with initiatives like the Otherside metaverse and partnerships with major brands. This has fueled interest in ApeCoin, making it a prominent player in the intersection of NFTs and the metaverse. While its value is closely tied to the success of the BAYC ecosystem, ApeCoin's strong community and ambitious roadmap position it as a token to watch in the evolving Web3 landscape.
ApeCoin Forecast (APE) – Price prediction for 2024, 2025, 2030 ApeCoin (APE) price prediction for today and 1 weekArkham (ARKM)
Arkham (ARKM) is the native token of the Arkham Intel Exchange, a platform aiming to revolutionize on-chain analysis. Arkham allows users to buy and sell information about blockchain transactions and wallet addresses, bringing a new level of transparency to the crypto space.
This controversial approach has sparked debates about privacy and ethics within the crypto community. However, Arkham's potential to expose illicit activities and provide valuable insights for investors and researchers cannot be ignored. As the platform evolves, ARKM's role in incentivizing information sharing and shaping the future of on-chain intelligence remains a topic of significant interest.
Astar (ASTR)
ASTR is the native token of the Astar Network, a multichain smart contract platform built on Polkadot. Astar aims to be a hub for decentralized applications (dApps) by supporting multiple blockchains and virtual machines, including Ethereum Virtual Machine (EVM) and WebAssembly (WASM). Furthermore, Astar is actively developing its own zkEVM (zero-knowledge Ethereum Virtual Machine) solution.
This interoperability allows developers to build dApps that can seamlessly interact with different blockchains, fostering innovation and collaboration within the Web3 ecosystem. ASTR plays a crucial role in securing the network, facilitating transactions, and governing the platform's future development. As the Polkadot ecosystem expands, Astar's focus on multichain functionality positions it as a key player in the evolving blockchain landscape.
PancakeSwap (CAKE)
PancakeSwap (CAKE) cryptocurrency is the coin of the decentralized non-custodial exchange for exchanging and trading cryptocurrency pairs. It does not require registration and verification and does not store keys and personal data of users. The available assets on the platforms include over 1,000 cryptocurrencies and cryptocurrency pairs. The exchange is built on Binance Smart Chain and was launched in autumn 2020.
Following the full launch of its functionality, the cryptocurrency price repeatedly recorded new highs, having increased in price by 40 times over a period of several months. Against the background of the general market stagnation, CAKE wasn’t able to retain its highs. What are the prospects of the cryptocurrency and will the token be able to show at least a 10x increase?
PancakeSwap Forecast (CAKE) – Price prediction for 2024, 2025, 2030 PancakeSwap (CAKE) price prediction for today and 1 weekBest crypto exchanges 2024
Is the cryptocurrency market low now?
It's an interesting situation we're seeing unfold. On the one hand, Bitcoin has definitely been on a tear lately, breaking through its all-time high numbers. But take a look beyond BTC at the rest of the crypto market, and a very different picture emerges.
The vast majority of altcoins are still deep in the red compared to their all-time highs from late 2021 or early 2022. We're talking 70%, 80%, even 90% below those previous peaks for many popular names. Some smaller, more speculative projects have fallen even further.
Part of what's driving Bitcoin's outperformance is the approval of the first Bitcoin ETF in the US back in January. This vehicle has seen big inflows as institutions look for regulated crypto exposure, and that money is of course going straight into Bitcoin for now rather than being spread among other assets.
As a result, Bitcoin dominance - its market share of the total crypto market value - has surged to around 55%. That's one of its highest levels in years and shows capital still heavily favors Bitcoin over altcoins.
So in summary - while the king is reaching new highs, for altcoin investors with patience, the currently depressed prices across much of the rest of the market could be viewed as a buyer's opportunity. But whether and when that tide will rise again depends on capital starting to diversify its crypto interests beyond only Bitcoin. For now, altcoins remain in Bitcoin's shadow.
Should I invest in low market cap crypto?
The cryptocurrency market is still bouncing back from various economic collapses, but it should soon be at a high point. Therefore, investing in low market cap cryptocurrency may be a good idea right now. It's a good idea to purchase cryptocurrencies with limited supply, but it's also crucial to consider the pros and cons of making such an investment.
Knowing the potential benefits and drawbacks of investing in small-cap crypto will help you make the right investment decision at this time.
Among the reasons why you should consider investing in cryptocurrencies with limited supply are:
👍 Pros
•The best low market cap crypto creates the opportunity for traders to make money when the market shifts.
•The growth potential of low market cap cryptos is very high.
•Small cap crypto gains and falls more.
•Because the share price of cryptocurrencies with small market caps is frequently lower, you can invest easily at first.
•Small cap crypto begets excessive profits.
👎 Cons
•Small cap crypto may not be attractive to big businesses and investors, which impacts the potential for faster growth.
•The price of a low market cap cryptocurrency alone is insufficient for it to compete for the best cryptos when determining its market position.
How to choose a cryptocurrency with limited supply for the long term?
If you want to choose a cryptocurrency with a limited supply for long-term investment, there are factors to consider. This is because some low market cap cryptos follow a demand and supply principle that determines their growth.
Before you choose to invest in a low supply cryptocurrency for the long term, you need to ensure the following:
Analyze the intrinsic worth of a small-cap crypto or project in light of the market's present state and prospects.
Study the low market cap crypto whitepaper to get more insight into what the asset offers.
Remember to research economic factors and other events unique to your industry.
Know the total number of coins that can ever be in circulation and the fixed (or maximum) supply of the small cap crypto.
Discover the total supply of low-market-cap cryptocurrencies currently being mined.
Even with the points listed above, there is no guarantee that this will determine the outcome of small-cap crypto in the future. However, it is still a valid method for determining which digital currencies currently have the highest level of investor interest.
In a nutshell, if you find a low-market-cap cryptocurrency with a competitive advantage over others, research the total supply and the current circulation.
Best Long-Term Crypto InvestmentsWhen to buy crypto with small capitalization?
An investor's typical strategy for making money in the crypto space is to buy, hold, trade, loan, and sell cryptocurrencies. So, if you want to make money when you sell small-cap cryptocurrencies later, when might be the best time to buy them? The objective should be to buy a cryptocurrency with a limited supply when the price is low, ideally close to the bottom.
If you are buying low market cap crypto for long-term investment, buy at the time of the price reversal after the bottom. Early investments in low market cap crypto may be advantageous for savvy investors.
Prices are lower when the market is less active for short-term investments. This occurs in the early hours of the day, at night, and on the weekends. Prices typically decrease after the weekend until the start of the trading week. Consequently, this time frame may be ideal for purchasing small-cap cryptocurrency.
You can sell during the following bull market, especially when the price exceeds what you paid for it.
Best Crypto to Buy NowIs low market cap crypto risky?
Low market cap crypto is volatile and less liquid, meaning it is a risky investment. Due to a lack of liquidity, low market cap crypto may find it hard to trade, making it challenging to sell your investment if necessary. Again, given how quickly prices can fluctuate over time, small cap crypto may not have the information investors require to assess their chances of success.
But investors can profit by investing in low supply cryptocurrency. Traders can achieve this by following a strict risk management strategy that includes using less leverage, careful thought, and research. By predicting your cash flow and keeping an eye on market trends, you can determine your level of risk tolerance.
Summary
Low market cap crypto can offer good returns but requires careful consideration and research. Additionally, small cap crypto is known for its high volatility, which means that patterns and trends that hold one month can drastically change the following. As a result, investing in low market cap cryptos carries a high level of risk, but it is also one of the cryptos with the most promising returns.
To invest in a low-market-cap crypto, comprehend the market, pick the crypto, and have a risk management plan in place.
FAQ
Is low market cap good for crypto?
Despite their lack of popularity, low-cap market crypto offers an intriguing opportunity for investors to profit from crypto. Cryptocurrencies with a limited supply have a high potential to grow in the future.
What is considered low market cap crypto?
Small-cap cryptocurrencies have a market cap below $1 billion in the cryptocurrency capitalization market. Additionally, they are most vulnerable to sharp changes in value caused by market sentiment.
Where to find low market cap crypto?
Low market cap crypto is available on some of the best crypto exchange platforms, or you can search for it online using your device's browser.
Which cheap crypto will explode?
The Dash 2 Trade, RobotEra, and FightOut are among the top expected cheap cryptos to explode.
Glossary for novice traders
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Broker
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
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Cryptocurrency
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
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Investor
An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.
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Trading
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
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Bitcoin
Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.
Team that worked on the article
Oghenesurvwe Dibofu is a passionate writer and a contributor to the Traders Union website, who loves writing about tech, finance, and the crypto industry. Her writing style is often characterized as creative, engaging, and vibrant. She works tirelessly to learn new writing styles and deepen her knowledge of the finance industry. Her motto is “Write with passion, edit with precision.”
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).