The cryptocurrency industry has some massive coins that are gathering the attention of most investors. Coins like Bitcoin, Ethereum, Binance Coin, and alike, are all heavy hitters that have proven themselves over the years and are considered to be safe investments. However, as professional investors know, the trick to scoring big rewards on your investment lies in finding the underdogs with great potential and investing in them before they reach greatness.
For example, investing in Bitcoin now would not be nearly as profitable as buying it back in 2012 when its value was under $100 per coin, or even earlier, when each coin was worth mere cents. This is why the best coins to look up and consider now are the ones with low market caps, and today, we created a list of the top 12 cryptos whose market cap sits at $66 million or lower. While this may not seem low at first, it is nothing compared to the largest cryptos. A $66 million market cap guarantees that the coins have potential and growing communities, so the risk is somewhat reduced. However, it is still not high enough for you to be too late to invest in them now.
With that said, here are our top selections. Check them out and see if you find the same potential in them as we did.
1. Aion
The first on the list, we have Aion. This is a token used for securing and offering access to the Open Application Network (OAN). OAN is a public network that was developed in Canada, and it is available to everyone. Its goal is to grant the public the environment for the creation of Open Apps, as well as access to said apps.
The project also seeks to achieve interoperability between different chains, which would allow users to develop and access a variety of different applications. And, the Aion token can also be used for storing data, executing smart contracts, and more.
To learn more visit our Investing in Aion guide.
2. Phala Network
Next up, we have Phala Network. This is a project that acts as a privacy-preserving cloud computing service, and it offers computing power similar to existing, centralized services of this kind. However, unlike centralized clouds, it also protects the privacy of all the managed programs.
Phala Network is based on TEE-Blockchain Hybrid Architecture, so it is not only blockchain that runs under the hood. However, this brings plenty of advantages to the project, such as allowing the developers the ability to deploy confidential smart contracts running inside the TEE Enclaves in the CPU.
To learn more visit our Investing in Phala Network guide.
3. Goldfinch
In the third spot, we have Goldfinch, which is a global credit protocol. Goldfinch aims to offer high-quality, sustainable stablecoin yields generated by real-world economic activity. Another of its goals is to offer greater stability, unlike the regular DeFi sector, which is known for being extremely volatile.
The project has its native cryptocurrency, the GFI token, which was launched on Ethereum’s network. GFI is primarily functioning as a governance token for Goldfinch, as well as a lending currency that will make lending more accessible. It enables loans that can use both on-chain and off-chain collateral, which makes it rather unique in DeFi as it is right now.
To learn more visit our Investing in Goldfinch guide.
4. Gitcoin
Moving on, we have Gitcoin, which is a decentralized community of creators, builders, and protocols. According to the project itself, they have all come together to work on developing the future of the open internet. Gitcoin is a project that aims to create a community that supports infrastructure for Web3, which includes new tools, technologies, networks, and anything else tied to the next version of the internet.
The project uses its native token, GTC, which is necessary for the creation and funding of the DAO that will eventually grow to govern Gitcoin.
To learn more visit our Investing in Gitcoin guide.
5. API3
The fifth on our list is a project known as API3, which is a project that aims to allow the creation of decentralized versions of APIs. APIs are meant to be built, managed, and monetized, all within the same platform. The project’s team has seen how much blockchain is growing and how its adoption rate is increasing, and it believes that it has never been more important for smart contracts to be able to provide timely, reliable, real-world data.
However, the problem with existing APIs, as the project sees it, is connectivity. There is no way for smart contracts to have a direct connection with APIs and receive the latest data. The need to solve this led to the invention of oracles, and while this solved the problem to some extent, now there is a blockchain oracles problem, where oracles act as middleware between APIs and smart contracts. API3 aims to go around this problem by allowing the creation of decentralized APIs, and removing the need for centralized ones, or for oracles, completely.
To learn more visit our Investing in API3 guide.
6. Reef
Halfway down the list, we have Reef, or Reliable Extensible Efficient Fast Layer-1 blockchain meant for DeFi, NFTs, and Gaming. The project was built using Substrate Framework, and because of it, it can offer high scalability, low-cost transactions, and support for Solidity and EVM alike. As a result, developers can easily migrate their dApps from Ethereum’s ecosystem without having to change their codebase or build the project from scratch.
Reef is easily the most advanced EVM-compatible blockchain available today; it is self-upgradable, and it features on-chain governance. Meanwhile, its native token is also used for transaction processing fees, running validator nodes through staking, and nominating which validator nodes should be a part of the network.
To learn more visit our Investing in Reef guide.
7. MyNeighborAlice
Up next, we have MyNeighborAlice, which is a popular metaverse project. This is a blockchain-based game set in the digital world of the metaverse that allows users to purchase islands by buying NFTs. After that, the islands are theirs to use as they see fit. The game allows users to harness materials from the island and then use them to create items, decorate their island, and express themselves in any way they want.
If this sounds familiar, that is not surprising. The game was inspired by another popular game, called Animal Crossing. However, this one allows players to earn rewards for completing tasks and winning contests, and as long as they own the NFT of the island — they are its sole owner, and no one can take it from them.
To learn more visit our Investing in MyNeighbor Alice guide.
8. Band Protocol
Moving forward, we have Band Protocol. Band is a decentralized oracle network, and potentially the best one apart from Chainlink itself, which was the first to introduce oracles. In fact, Band Protocol has the potential to grow into a leading decentralized oracle network and even outperform Chainlink, thanks to the fact that it runs on Cosmos’ blockchain.
Meanwhile, Chainlink runs on Ethereum, which makes it bound by the Ethereum network’s limitations, such as slow speeds and high fees. Band uses a much more scalable Cosmos, which is one of its greatest advantages.
To learn more visit our Investing in Band Protocol guide.
9. Enzyme
In the ninth spot, we have Enzyme, which is a project that aims to empower users to build and scale their own investment strategies — whichever the user prefers. That can include anything from discretionary and robo to ETFs, market making, and more. The project insists on the fact that its priority is the security of its users.
This is why its second-generation smart contract-enforced platform was tested and audited thoroughly even before the platform was launched on the project’s mainnet. It also features a native cryptocurrency known as the MLN token.
To learn more visit our Investing in Enzyme guide.
10. Suku
Next up, we have a project called Suku, which has decided to take on a mission of speeding up the adoption of the next version of the internet, Web 3.0, or Web3. To achieve this, the project is working on developing an advanced ecosystem that will interconnect as many Web3 communities as possible.
Its ecosystem was imagined to have the ability to power unique experiences, grant new use cases, and also offer easy-to-use tools that would make it easier to onboard users into Web3. In other words, this is a project that is trying to imagine how regular users see Web3, and then simplify that and make it more approachable.
To learn more visit our Investing in Suku guide.
11. Mirror Protocol
Nearing the end of our list, we have Mirror Protocol — a synthetic assets protocol created by Terraform Labs using the Terra blockchain. The project was fully decentralized from day 1, using MIR as its native governance token to grant users the power to grant its on-chain treasury and all code changes that take place within the protocol.
Terraform Labs announced that has no plans to keep or sell MIR tokens, and they don’t even own any admin keys, special access privileges, or anything of the sort. The project wanted to reach full decentralization right from the start, and that is exactly what it did.
To learn more visit our Investing in Mirror Protocol guide.
12. DFI.Money
Finally, the last on our list is DFI.Money. The project is also known as YFII, and it is a fork of a popular DeFi project, yearn.finance. DFI.Money has a simple goal of optimizing returns for DeFi investors, while also adhering to changes proposed in an upgrade plan YIP-8. It is also working on releasing new products, the leading of which is Vault, which is described as its killer product.
DFI.Money basically fulfills the same role as yearn.finance, although it is subject to different protocol rules for its token, and it has some new features that were not seen in the original protocol.
To learn more visit our Investing in DFI.Money guide.
Conclusion
The crypto market is full of cryptos that have potential, but whether or not they will live up to that potential is a different matter. We cannot guarantee that these coins will go big and that they are guaranteed to give you large returns. However, we can say that they have the potential to go big, so if you find any of them worth supporting, your support will mean another step on the road to success for them and great returns on your investment for you.