In this article, we will discuss Top 10 Low market cap altcoins to invest in 2021.
The cryptocurrency market is relatively small when it comes to other FinTech industries and commodities. Nevertheless, there are a plethora of decentralized projects in the market which aim to provide solutions for various different applications.
Currently, there are 10000 cryptocurrencies listed on CoinMarketCap. However, only about 356 of those have a market capitalization of more than $100 million, i.e. only about 3.5% of the total number.
Moreover, only about 1000 of those cryptocurrencies have a market capitalization of more than $10 million i.e. 10% of the total number. In terms of percentage, a cryptocurrency with a total Mcap of $1 million accounts for about only 0.0005% of total crypto-market capitalization.
The top 20 cryptocurrencies account for around 90% of the total value of the crypto markets; Bitcoin, Ethereum, and Binance dominance alone adds up to 75%.
Therefore, there are limited amounts of large-cap projects in the market. The number of mid-cap projects is limited as well, with a large number of smaller projects. Like the success rate of most start-ups, these projects come with huge risks for investors. Nevertheless, diligent research and careful risk management with select few altcoins can reap huge benefits.
We have selected the top 10 low cap altcoins with a high potential of success. These are listed below,
Note: The list has been revised on 19th May 2021, We have added new low cap altcoins, and removed those projects which hit market cap above 100M$ Recently.
*(Price, ATM, Market, Volume and Other data for these altcoins is based on the date when the article was written, Live price , and volume data could be different for you when you are reading this article.)
UNIFI PROTOCOL DAO [UNIFI]
Current Price: 15.88$
Market Cap: 63.1$
6M Change: 327.88%
The Unifi Protocol is a group of non-custodial, interoperable smart contracts linking multiple blockchains together into one large DeFi marketplace. uTrade is the working proof-of concept trading platform for harnessing multi-chain swaps and liquidity mining to power UNFI, Unifi’s Global Governance Token.
Current Price: 0.075$
Market Cap: 95M$
6M Change: 848.9%
Constellation is a distributed system that scales horizontally with every additional node to the network. It doesn’t operate on the blockchain, but instead uses DAG, such as Hashgraph and IOTA, which are presented as the new generation of decentralized networks.
Current Price: 0.034$
Market Cap: 33.88M$
6M Change: 379.89%
Wabi ecosystem connects Brands and Consumers, enabling a seamless, fair, and confidential exchange of value and information. Consumers participating in the ecosystem take advantage of the several tools designed to better inform their consumption choices and are incentivized with Wabi. Consumers redeem the tokens at a dedicated Marketplace where they can purchase thousands of unique products delivered to them from across the globe.
Current Price: 0.034$
Market Cap: 46.17M$
6M Change: 81.79%
IDEX, previously known as Aurora, is a collection of Ethereum applications and protocols that together form a distributed banking and finance platform. IDEX provides an advanced financial network through Aurora’s distributed exchange, IDEX, and own stable currency, the boreal.
Current Price: 0.23$
Market Cap: 66.9M$
6M Change: 427.4%
Aergo describes itself as an open-source enterprise blockchain platform optimized for hybrid deployments, which consist of both permissioned and permissionless blockchain architectures. It includes support for SQL allowing for easy data handling and familiar smart contract programming for developers. The platform is built and utilized by Blocko, the Samsung-backed South Korean blockchain technology company that, according to Korean media sources, has deployed production blockchain solutions for large-scale clients including Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and more.
LOOM NETWORK [LOOM]
Current Price: 0.097$
Market Cap: 97.2M$
6M Change: 306%
The goal of this is to allow application developers to have smart contracts that can access much more computing power when it is required, or maintain the same power at lower costs for tasks such as trials for onboarding new users or applications that simply do not need the full security of blockchain to begin with.
Current Price: 0.23$
Market Cap: 69.5M$
6M Change: 240%
MANTRA DAO is a decentralized finance platform with a specific focus on staking, lending and decentralized governance. The project is being built on the blockchain RioChain and will be connected with Polkadot. It is intended to act as an ecosystem for Web 3.0.
TERRA VIRTUA KOLECT [TVK]
Current Price: 0.296$
Market Cap: 65M$
6M Change: 446%
Terra Virtua Kolect is a cross-platform non-fungible token (NFT) ecosystem that offers a curated marketplace for NFT creators and collectors to interact. The Terra Virtua Kolect platform spans web, PC and mobile AR/VR environments.
Current Price: 3.13$
Market Cap: 66.8M$
6M Change: NA
Pangolin is a decentralized exchange (DEX) that runs on Avalanche, uses the same automated market-making (AMM) model as Uniswap, features a native governance token called PNG that is fully community distributed and is capable of trading all tokens issued on Ethereum and Avalanche. In a crowded marketplace with multiple contenders, Pangolin offers three critically important benefits: fast and cheap trades, community-driven development, and a fair and open token distribution.
Current Price: 4.5$
Market Cap: 12.5M$
6M Change: NA
O3 Labs’ latest venture is a cross-chain aggregation protocol, named O3 Swap. O3 Swap allows its users access to a wide number of crypto-based financial services, effectively allowing them to “swap” various digital assets at the lowest rates possible, by using their O3 wallet.
Willy Woo’s Investor View of Altcoins
The plan of action and design of most Blockchains seem lucrative and promises greater adoption in the future. However, currently, the real economic activity on these projects is limited.
Apart from their utility and partnerships, decentralized networks also require sufficient Lindy or network effect for sufficient liquidity and investor confidence. Leading on-chain analyst, Willy Woo, classifies the altcoins into two categories – Degenerates and Oscillators.
As we can notice for the price charts above, most of these small-cap cryptocurrencies exhibit degenerate qualities barring a few. According to Woo,
To find them, plot their BTC value. It must oscillate around a horizontal line, for at least one full bull-bear cycle (around 4yrs). More cycles are better. He adds,
These are monetary instruments, they build value with economic network effects.
Most of these projects are relatively new, released around or after the 2017 crypto bubble. Usually, there is a sell-off in the market in the long run of things after the launch. However, these projects still have an incubation period left before the next bull crypto bull cycle.
Check out our other low market cap altcoins lists as well:
Altcoins listed in this article are based on the author’s research. The author is not holding any of these altcoins. Always do your own research before investing in any cryptocurrency.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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