Top 5 Digital Currencies With A Market Cap Under $100M

November 12, 2018

Advertisment

digital currencies

While investing in the largest cryptocurrencies is usually the safest method, it is understandable that sometimes, investors simply wish to take a risk. Those who feel such an urge usually go for an underdog, a coin that is not yet well-known. Of course, even these investors wish to invest in a coin that is worthy of it.

Because of that, we have prepared a list of 5 digital currencies that have a somewhat lower market cap. The criteria include a market cap lower than $100 million, as well as belief that these specific projects have a future bright future. With that being said, let’s see which coins to invest in.

1) Ravencoin (RVN)

Ravencoin is a crypto that holds the rank of 69 as per CoinMarketCap, with its current market cap being at $91.8 million. This is a young coin, but it already started attracting attention. In fact, a lot of investors and analysts believe that this is a sleeping giant. As such, it would be smart to invest in it while it is still low-priced.

Its code base is similar to Bitcoin’s, with some even claiming that it is Bitcoin’s. The project focuses on providing a stable and secure blockchain. Of course, it is still under development, and it has yet to show its true potential.

2) Nexo (NEXO)

Nexo is a coin that has a market cap of $90.03 million at the time of writing, and as such, it holds the rank of 71. The coin is relatively basic in concept, but it has a huge potential. It revolves around being cost-effective and user-friendly while it aims to revolutionize the lending process.

It plans to become a go-to coin for anyone looking to access funds urgently, as the process will be quick and simple. They had an interesting and unique ICO, and have kept their funding goals realistic and attractive to large and small investors alike.

3) Decentraland (MANA)

Next, we have Decentraland, which is quite an ambitious project that holds the rank of 73 as per CoinMarketCap. This project has a market cap of $86.87 million, and it aims to bring blockchain technology and virtual reality closer together. It will do this by creating a Metaverse which will serve as a base for an entirely new world of gaming and trading.

Its VR platform runs on Ethereum blockchain, and it offers users and developers to buy and sell plots of land, create new places and businesses, and conduct trades. All ownership of this land will be recorded on the blockchain, which is, as we know, completely resilient to all forms of data manipulation.

4) GoChain (GO)

GoChain is a coin that currently holds the position of 130th largest coin by market cap. It has a market cap of $40.67 million at the time of writing, but it is also a coin that many believe has a lot of potential for the future. This coin and its platform revolve around speed and cost-effectiveness. It is compatible with Ethereum, and its mainnet is said to be 100 times faster and requires less than 1% of the energy that is needed to actually mine ETH.

The project also aims to solve scalability issues without having to compromise things like privacy or security. It also introduces a new type of smart contracts that have resolved the flaws of regular smart contracts.

5) Mithril (MITH)

Mithril is a coin that has been interesting to investors for a while now. It holds the 65th place with a market cap of $99.88 million. It was developed on Ethereum’s ecosystem and its goal is to revolutionize the way social media impacts our everyday social lifestyle.

While it works with other social media platforms, it does come with a twist — it rewards its users for their contribution to the ecosystem. This means that content developers actually get paid for what they do via social mining. It is a fun way to earn coins, and it rewards effort, which is why Mithril attracted a lot of attention in 2018.

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/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.

Image courtesy of Pexels

The post Top 5 Digital Currencies With A Market Cap Under $100M appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/top-5-digital-currencies/