While investing in larger cryptocurrencies is usually the safest method, it is understandable that sometimes investors just want to risk it. Those who feel such a need usually go for a loser, a currency that is not yet well known. Obviously, these investors also want to invest in a currency that is worth it.
For this reason, we have prepared a list of 5 digital currencies with a slightly lower capitalization. The criteria include a market capitalization of less than $ 100 million, as well as the belief that these specific projects have a bright future in the future. That said, let's see on which coins to invest.
1) Ravencoin (RVN)
Ravencoin is a cryptography that holds the rank of 69 as in CoinMarketCap, with its current market capitalization of $ 91.8 million. This is a young currency, but has already begun to attract attention. In fact, many 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 that of Bitcoin, with some even claiming it to be Bitcoin. The project focuses on providing a stable and secure blockchain. Of course, it is still under development and still has to show its true potential.
2) Nexo (NEXO)
Nexo is a currency that has a market capitalization of $ 90.03 million at the time of writing and, as such, holds the score of 71. Money is relatively basic in concept, but has enormous potential. It is about cost-effectiveness and ease of use, while aiming to revolutionize the lending process.
It plans to become a token for anyone who wants to access funds urgently, as the process will be quick and simple. They had an interesting and unique ICO, and they kept their funding goals realistic and attractive in the same way for both big and small investors.
3) Decentraland (MANA)
Next, we have Decentraland, which is a fairly ambitious project that holds the score of 73 according to CoinMarketCap. This project has a market capitalization of $ 86.87 million and aims to bring the blockchain technology and virtual reality closer together. It will do so by creating a Metaverse that will serve as a basis for a whole new world of games and exchanges.
Its VR platform works on Ethereum's blockchain and offers users and developers the opportunity to buy and sell plots of land, create new locations and businesses and conduct business. 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 currency that currently holds the 130th largest token position by market capitalization. It has a market capitalization of $ 40.67 million at the time of writing, but it is also a currency that many believe has great potential for the future. This coin and its platform revolve around speed and economy. It is compatible with Ethereum and its main network is 100 times faster and requires less than 1% of the energy needed to actually extract ETH.
The project also aims to solve scalability problems without having to compromise aspects such as privacy or security. It also introduces a new type of smart contracts that have solved the defects of normal smart contracts.
5) Mithril (MITH)
Mithril is a currency that has been attractive to investors for some time. Holds 65th place with a market capitalization of $ 99.88 million. It was developed on the Ethereum ecosystem and its goal is to revolutionize the way social media affects our daily social lifestyle.
While it works with other social media platforms, it has a turning point: it rewards its users for their contribution to the ecosystem. This means that content developers are actually paid for what they do through social mining. It's a fun way to earn coins and reward efforts, which is why Mithril attracted a lot of attention in 2018.
For real-time business alerts and a daily distribution of encrypted markets, subscribe to 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 in-depth research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pexels