Crypto Analysts Reveal 5 Cryptocurrencies with Market Value Under 400 Million By CoinEdition

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Crypto Analysts Reveal 5 Cryptocurrencies with Market Value Under 400 Million
  • Crypto experts have pinpointed digital assets with unrealized potential.
  • Market capitalization is a key metric used by investors to evaluate a cryptocurrency.
  • The market cap of a coin is calculated by multiplying its price by the total number of tokens in circulation.

Cryptocurrency analysts have identified a few tokens that are believed to have tremendous upside potential. These coins have high ratings but their market capitalization is yet to reach expected levels.

Market capitalization is a useful tool used by investors to get an overview of the value of a digital asset. It is a key indicator used to measure the dominance of any token or coin.

The market capitalization of a cryptocurrency is worked out by multiplying its price by the total number of tokens in circulation. Investors use this to assess the sustainability of a crypto, with the assumption that cryptos with larger caps are more secure. Additionally, tokens with considerable social capital but low market cap are perceived to be coins with great profit potential.

As per Coinmarketcap, the top five projects with market capitalization under $400M include Conflux, Kava, Casper, Zilliqa, and Oasis Network.

Conflux is a layer 1 blockchain that utilizes a Tree-Graph consensus algorithm to enable high throughput. The protocol allows for parallel transaction processing for enhanced scalability and throughput. Despite the high ratings, the market cap of Conflux is $386.79 million and it is ranked 84 on Coinmarketcap.

Kava is the 88th ranked project with a market capitalization of $378.55 million. It is a network that implements a developer-friendly co-chain architecture to combine Cosmos and blockchains in order to achieve a scalable, interoperable, and efficient Layer 1 solution. Kava is expected to do well going forward.

Casper is next on the list with a market cap of $371.16 million and an overall ranking of 90. It is a blockchain solution that is developed with a future-proof philosophy that ensures the continuous development of the platform based on users’ needs.

Zilliqa is another cryptotoken with a low market cap but huge upside potential. It is a public, permissionless blockchain that is designed for scalability and speed. Zilliqa has a market cap of $352.59 million.

The fifth crypto project with a market cap below $400 million is Oasis Network. It is a privacy-enabled, scalable layer 1 blockchain that combines fast throughput and low gas fees to lay the groundwork for Web3 solutions. Oasis Network has a market cap of $282.42 million.

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