Despite the fact that the crypto market currently doesn’t look too encouraging, those who are familiar with crypto trends know that situation can quickly turn around at any time and we get a bull run. While it seems impossible now, a new bull run will arrive eventually. Because of that, investors need to know what are their best choices, as opportunities like that do not come as often as we would like.
One major question is whether to invest in coins with low prices or in coins with the low market cap. A lot of people would agree that low-priced coins are better since you can buy more of them for the same amount of money. However, this assumption is wrong.
The reason for this is simple. Let’s say that there are two coins, one with a price of $0.50 and a market cap of $100 million, while the other one has a price of $2 and a market cap of $5 million. If there is $1 in demand, the coin with a market cap of $100 million will now have $101 million. On the other hand, the coin with a market cap of $5 million will see an increase to $6 million.
The low-cap coin has just had its market cap grow by 20%, and the same is expected to happen to its price. The other coin will grow by barely 2%, which is almost no change at all when compared to the smaller one.
Of course, it is not as simple as that, and targeting the coin with the smallest market cap will likely get you nowhere unless the coin gets a proper amount of attention. Because of that, we will now check out our top three picks for coins worthy of investment that have a significantly smaller market cap the best-known cryptos.
1. Mithril (MITH)
Mithril is a decentralized project that is tightly connected with social media. It was developed on Ethereum’s network, with a goal to revolutionize the way we use social media, and how it impacts our lives. Considering how much time people spend on social media, this coin is a project that will likely do great once more people start accepting cryptos.
The point is simple — the more someone contributes to a certain social media in terms of content, the more MITH they get as a reward. This is social mining, which is a fun way of making a profit. Since most people would post that content anyway, earning MITH will not require a lot of effort, only time and dedication.
The coin’s performance in the market of 2018 looks rather promising, all things considered, and its current price is $0.133692, while its market cap is at $51.9 million.
Social media has changed our behavior and view of the world forever. Younger investors grew up relying on them, and they are the ones that will benefit the most from this coin.
2. Decentraland (MANA)
Decentraland is another coin that will undoubtedly go big in time simply due to what it offers. This is a coin with strong ties to the gaming industry, which focuses on the creation of a virtual world based on Ethereum’s blockchain. However, potential uses of this virtual world exceed gaming by far, since Decentraland will literally be a place where virtual land can be bought and used for various purposes.
This can include the creation of entirely new projects and games, purchase and sale of digital land, and the creation of entire virtual cities where developers can base their activities. The project encourages diversity and all ideas are welcome, which is why it is expected to grow extremely big in time.
Decentraland also has a low market cap of only $61.6 million, and a price of $0.058691 per coin. However, this is a coin that will definitely grow in long-term, since it will be the main currency of the entire project.
3. Wanchain (WAN)
Finally, our third choice is Wanchain. This is a coin that aims to create an interoperable blockchain banking system that can be used for cryptocurrencies but will offer all the same features that can be found in regular banks. Wanchain is a young project that has a lot of work to do still, however, it already proved to be capable when it comes to interoperability, and it is a project that can connect numerous blockchains in a single large network.
While each blockchain is a marvel by its very nature, connecting them in a new network is the next big step in their evolution. Each blockchain is making progress on its own, although they often take different paths. By connecting them to a single network, all possibilities become instantly available to everyone, which is why this project is so valued.
However, as mentioned, WAN is still a young coin, and it has a market cap of $47.7 million at the time of writing. Its price is also very low, with only $0.450206 per coin. For a lot of investors, this is the right time to buy this coin, since a bull run can easily help it reach entirely new heights, and make it hard to obtain a large amount of something that is likely one of the top coins of the future.
For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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.
Image Courtesy of Pexels
The post 3 Coins Likely to Explode During the Next Bull Run appeared first on Global Coin Report.
Read more at https://globalcoinreport.com/3-coins-next-bull-run/
Globalcoinreport.com/ is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!