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Five Low Market-Cap Altcoins With Huge Potential

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With more than 1,600 altcoins in circulation, finding the appropriate balance between risk and reward isn’t always easy. Making matters more challenging is the fact that hundreds of projects have already been labelled duds by researchers who have tracked the life cycle of digital currencies beyond their initial coin offering.

While many investors are perfectly content sticking with bitcoin, Ethereum and a couple of others, those of us in search of the next ‘diamond in the rough’ must venture beyond the ten largest cryptocurrenices by market capitalization.

Below, we look at five low market cap altcoins with significant upside potential. It’s difficult to say whether these coins will generate 100 times ROI or anything that mirrors the rapid rise of bitcoin and Ethereum. However, the project specifications suggest they are a good place to start.

DragonChain (DRGN)

The DragonChain project emerged out of Disney in 2016 and was later developed as an open source platform. In its modern form, DragonChain is a business platform that allows for the creation of a secure and scalable blockchain. Part incubator, part marketplace, DragonChain provides smart contract infrastructure with a focus on security, development and scalability.

DRGN, the currency powering the DragonChain platform, has a total market capitalization of $185 million and a price-per-coin of less than $0.80. When measured in terms of market cap, DRGN is a top-100 cryptocurrency project. Given its potential to transform small business adoption of blockchain technology, DRGN may be considered undervalued due to its limited exchange listings. The coin has yet to make its way onto the major exchanges but can still be found on platforms such as Kucoin, IDEX and EtherDelta.

Ark (ARK)

Those of us familiar with ICON know there is huge potential in connected networks. The Ark platform is a smaller-cap alternative that connects every single cryptocurrency through a “virtual spider web of endless use cases.”

Ark employs a Delegated Proof-of-Stake (DPoS) consensus protocol that promotes decentralization and universally accessible programming language in support of wider adoption. Ark falls within the broader category of platform coins, which means it is best served as a buy-and-hold strategy.

ARK token is currently ranked 62nd in terms of market cap with a price per coin of less than $3. Its primary markets include Binance, Bittrex and Upbit.

Vertcoin (VTC)

The next cryptocurrency on our list is ranked all the way down at 153rd in terms of market cap. Vertcoin captured our attention for its outstanding development team, transparency and ASIC-resistant standard (the latter makes VTC one of the most decentralized cryptocurrencies on the market). Proponents of decentralization will therefore find plenty of upside with this coin.

Interestingly, Vertcoin is also one of the oldest cryptos on the market. Founded in 2014 as an alternative to bitcoin and Litecoin, VTC aims to become the utility coin of the future. The project is on the forefront of Lightning Network development and was even mentioned in Litecoin’s whitepaper as a candidate for cross-chain atomic swaps.

At the time of writing, VTC token is valued at over $2. It has not been immune from the recent market downturn but its long-term prospectus is as solid as they come.

Power Ledger (POWR)

The POWR token is also ranked outside the top-100 in terms of market cap, putting it alongside some of the more obscure cryptocurrencies. However, the platform’s value proposition is as tangible as it gets.

Power Ledger is headed by Jemma Green, who recently became the major of Perth, Australia. The platform allows consumers to trade electricity with one another in exchange for real-time payments facilitated through the blockchain. The company calls itself the “peer-to-peer marketplace for renewable energy” because it allows consumers to select clean energy sources and receive more money for excess power using low-cost settlement technology.

PWR experienced explosive growth during the height of the bull market. Tokens are currently valued at around $0.40.

Deepbrain Chain (DBC)

Hacked reviewed Deepbrain Chain during the ICO stage back in December. Though the results were underwhelming at the time, much of the concern stemmed from KYC implementation issues and unusual token metrics.

Valued at less than $1 a coin, Deepbrain Chain can be considered a bargain for its role in using artificial intelligence (AI) to lower the cost of computing. Deepbrain Chain is operating in one of the fastest-growing markets (AI), which partly explains its undervalued status. As the company rightly explains in its whitepaper, 5,000 AI startups came into existence between 2012 and 2016, collectively raising over $22 billion. However, unlike those companies, DBC has already established a firm partnership with Neo and is widely considered one of the leading AI projects in the blockchain space.

Deepbrain Chain has a total value of $139 million, placing it in 113th spot by market cap.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 555 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




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3 Comments

3 Comments

  1. axels

    May 22, 2018 at 4:08 pm

    Vertcoin = VTC
    DeepBrainChain = DBC

  2. deadly225

    May 22, 2018 at 4:12 pm

    some mistakes in the article ..deepbrainchain = dbc not dpc
    vertcoin = vtc not vrt

  3. Raatut01

    May 27, 2018 at 8:40 pm

    Unbelievable tracked digi-currencies for years, that symbols be published incorrectly. New member as of this day. Disappointed!

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Altcoins

Siacoin Takes 8.8% Hit as Devs Fight Over Bitmain-Less Hard Fork

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Siacoin (SIA) sunk 8.8% over the course of August 21st as growing conflict escalated between the blockchain’s core developers concerning a possible upcoming hard fork. The Siacoin founder David Vorick represents one half of the Siacoin community which wants to hardfork the blockchain to exclude Bitmain miners.

If you value decentralization then you might consider that a noble goal, but the issue becomes muddied by the fact that Siacoin have still left the door open for their coin to be mined by one particular piece of mining kit – the one that Vorick’s company manufactures and sells.

The situation becomes even more fraught when you factor in the sum of $22 million raised by the company, Obelisk, which hasn’t produced the mining rigs it was supposed to.

Siacoin Price Plunges 8.8%

Amid this chaos Siacoin fluctuated throughout the day, losing 8.8% of its value at one point as the SIA coin price fell from the daily high of $0.005860 to the four-day low of $0.005341. That price hadn’t been since since August 17th, and between that date and now SIA has fluctuated by double-digit percentage figures. An eventual recovery was initiated which saw the price rise back up to the $0.0055 range at the time of writing (18:45 UTC).

Volumes are down 85% over the course of the month, although haven’t quite bottomed today at $2.3 million. Interestingly, the highest concentration of SIA’s trades have come against Chinese Yuan (CNY) today on the QBTC exchange. Interesting because Chinese investors could be the ones to take the worst hit if the proposed hardfork goes through.

Fork Bitmain

The hardfork would see Bitmain mining rigs rendered useless by an alteration of the Siacoin code. The only remaining equipment capable of mining Siacoin would be dedicated machines sold by Obelisk, Siacoin creator David Vorick’s own company.

When Obelisk missed the July deadline for the delivery of the mining rigs, chaos ensued. Claims made by Vorick that buyers would be refunded turned out to be somewhat less than true. Shortly afterwards the main developer for all of Siacoin’s online presence quit the firm, stating in a lengthy Reddit post that the company knew very well that they wouldn’t reach the proposed deadline.

As the pseudonymous RBZL stated in the Reddit post:

“Sorry, guys. I can’t do this anymore. I can’t support this project. The mismanagement and hypocrisy is overwhelming.”

What’s Next?

Vorick has already conceded that relevant legal action relating to the missing Siacoin miners would be enough to sink his Obelisk firm, with knock-on effects for Siacoin. As RBZL told Coindesk:

“I have no interest in seeing the sia project go under, but they’ve done a good job of setting themselves up for that possibility.”

Siacoin is ranked around the market cap top-forty, and sets itself up as a decentralized, distributed storage platform. But another of RBZL’s assertions may be more damning than the hardfork furore, stating one of his prime reasons for leaving as:

“The typical community member is largely not interested in the storage product, only the eventual price and some form of ROI.”

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 38 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.




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Crypto Pricing: Still Searching For The Bottom

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It seems like this entire year has been devoted to rational thinking people searching for rational answers. Why are crypto prices so consistently under such unrelenting selling pressure? There has been no shortage of explanations.  Unfortunately most of them fall far short of the task.

We all remember all those rational thinkers at the San Francisco Federal Reserve who teamed up with Stanford University in a study that concluded that the CBOE was responsible.  The thinking goes that creating a futures market for Bitcoin lead to the collapse.

That study was grossly misleading.  During the first month of Bitcoin futures trading, there were fewer than 900 contracts traded, most of which remained open contracts.  That is less than 0.01% of Bitcoin’s daily volume. Come on folks, you can’t be serious.

More recently on a rainy weekend,  I came across an article noting how short sellers were ganging up on Bitcoin. True, the short position had about doubled in just one month from something like 16,000 to 28,000 coins. Frankly, I was surprised that the short position was so small given the collapse of Bitcoin.

This amount of short selling is far too small to account for more than $300 billion in lost Bitcoin value.  Bitcoin trades over 500,000 coins on any given day. That means that short selling volume over that month was 0.0008% of Bitcoin volume: totally inconsequential.

Something to remember, every short sale at some point will have to cover.  The only way is to buy into Bitcoin. So at this point, a gigantic short position would be good.

Blame It On ICOs

And there are those who pin the blame for crypto prices on Ethereum based ICOs cashing out. Even though it comes nowhere close to explaining the loss of $600 billion in total crypto losses, there may be some truth to this point. Since the beginning of 2017, according to ICOWatchList, tokenized startups have raised a total of $8.5 billion of which about $3.7 was accounted for last year.

Recent studies have concluded that 75%+ of last years ICO were scams. This is a highly debatable point but it is likely to be a conservative measure for the number of failures of last year’s crop of crypto financed business startups.  But even here there is a limit. At its peak in January ETH was valued at $133 billion. Currently that value is $100 billion+ lower than just eights months ago.

There is no question that ICOs influenced ETH speculators but what that doesn’t begin to explain the loss of more than $600 billion in aggregate losses for all crypto assets, nor does it explain how closely matched has been the difference in price performance between Bitcoin and Ether during the last six months of this year.   

Where Is The Market For Crypto Spenders

During the current threat of global trade wars, crypto may prove to be a haven for citizens of China, Turkey and other countries.  But the real problem is the the world’s 7 billion inhabitants have almost no place to spend their Bitcoins and still fewer places to spend their altcoins.

The drop in crypto prices this year has done nothing to encourage its acceptance as a medium of exchange.  The CBOE claims that the presence of Bitcoin futures helps reduce the notorious volatility. This is supported by July showing the lowest volatility in more than a year. It will take more than one month of calm to make a difference.

The fact remains that most ICO, whether they succeed or not, are geared more toward speculation than anything else. Only 2% of capital raised is for commercial/retail projects while over 20% went to financial projects like crypto exchanges.

While certain financial projects like cryptocurrency merchant processors helps limit volatility risk for retailers. Most major outfits that did accept the cryptocurrency have stopped citing volatility concerns. None the less this hasn’t helped crypto adoption by business.

According to Chainalysis, merchant processing over nearly the past year has dropped 85% for all crypto.  Projects like Bitwala, Wirex and TenX, that serve as a consumer bridge between crypto and fiat currencies, are just getting started. The crypto world needs more major brands than just Overstock.com, Expedia, Subway and PayPal to accept a full range of crypto not just Bitcoin,  before speculators are replaced by crypto spenders.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 98 rated postsJames Waggoner is a veteran Wall Street analyst and hedge fund manager who has spent the past few years researching the fintech possibilities of cryptocurrencies. He has a special passion for writing about the future of crypto.




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Altcoins

TRON Price Sinks 17.5% In Three Days: Is Justin Sun a Marketing Genius?

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Anyone seeking a career in marketing could do worse than to pay very close attention to the noises coming out of Justin Sun’s TRON HQ in recent months. At a time when TRX is at its lowest ebb, the TRON hype has never been stronger.

The power of promotion relies on always being seen, and TRON seems to be in the headlines for a new acquisition or partnership every week now. That hasn’t been enough to reverse the decline of the coin price, but may be helping to ward off even lower lows for TRX.

TRON Sinks 17.5% In Three Days

In the three days between August 18th and today, August 21st, TRX lost 17.5% of its value as it struggles to stay afloat above the $0.02 mark.

On August 18th TRX was trading for $0.024510 before dropping to the $0.0206 range later in the same day. What followed was two and a half days of recovery before the coin’s value eventually plunged once more, this time falling even further down to $0.0202 in the early hours of this morning (UTC).

For last night alone TRON is down 7.5%, after falling from a coin price of $0.021875. TRON has been mired in the $0.02 range since August 6th – the last time TRX climbed higher than $0.029999. Only three weeks ago TRX was flirting with the $0.04 range after reaching a value $0.039955 on July 30th.

The descent since then has been brutal, with the coin reverting to December 2017 prices en route to a nine month low of $0.016875 on August 14th, just less than a week ago. The rise to $0.024510 since then was impressive, but those gains haven’t been sustained.

Sun’s Hype Train Rolls On

On August 18th Tron was integrated into the Seedit platform which now allows Twitter users to send TRX directly to any other Twitter user, even without their permission or confirmation.

The new technology was immediately put into effective use by members of the TRON community as users began sending (small) sums of TRX to various high-profile celebrities in the hope that one would Tweet their approval, or at least, interest.

At the time of writing, neither the Pope, Ellen DeGeneres, nor Kanye West have done either, but it stands as another example of the TRON Foundation’s understanding of basic marketing techniques.

Even at the time of gladiatorial battles in the Roman Colosseum, local merchants would hire artists to paint giant murals commemorating the time the most popular gladiator visited their shop, in the hope of profiting from the association.

Today, one little ‘like’ on Twitter does the same job, and by constantly forcing themselves into the Twitter news feed for one reason or another, TRON stands a better chance at gaining those likes than most.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 38 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.




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