The cryptocurrency market has entered the consolidation phase after a good start to the new year. Investors and traders track promising altcoin projects as they try to determine the direction of the market. Crypto analyst Ben GCrypto shares 10 promising altcoin projects with a valuation of less than $50 million market cap. The analyst also reveals the top 10 Polygon ecosystem coins by total locked value.
10 promising low-value altcoins
cryptocoin.comAs you follow, the cryptocurrency market left behind January, when it performed well. It is now trying to determine its direction amid the macroeconomic fog cloud. However, the leading crypto Bitcoin (BTC) managed to protect $23,000 and most altcoins are showing resistance to the drop. To help traders and investors looking for a promising altcoin project in this environment, crypto analyst Ben Gcrypto shares the top 10 projects with a market cap under $50 million.
This time, we have compiled a list of the top 10 projects with a current market value of less than $50 million in our opinion, which you can examine more closely.
In the analyst’s list, Proton (XPR), Seedify.fund (SFUND) and Urtrust (UTK) take the top 3 spots. These projects are followed by GameFi (GAFI), BarnBridge (BOND), Telos (TLOS), Aura Finance (AURA), Bloktopia (BLOK), Alpaca Finance (ALPACA) and ThunderCore (TT).
Let’s take a look at the top 3 projects on the list
Launched in San Francisco, Proton (XPR) is a new public blockchain and smart contract platform designed for both consumer applications and peer-to-peer payments. Proton eliminates the concept of sharing private keys directly with merchants by creating a permissionless layer above traditional card networks and banks. XRP is trading at $0.002017, down 3.92% on a daily basis at press time.
Seedify.fund (SFUND) is a blockchain gaming-focused incubator and launchpad that supports innovators and project developers through funding, community and partnership building, and access to a full support system to help drive the future of gaming and Blockchain. Its ecosystem also includes an NFT launchpad for game and metaverse assets, along with Seedify NFT Space, the industry’s first game and metaverse asset-centric NFT marketplace. SFUND is changing hands at $1.01 at press time, down 3.40% on a daily basis.
Utrust (UTK) was designed to provide a solution to the problems that resulted in the low availability of cryptocurrency as a means of payment, especially the underdeveloped transaction security of payment platforms and relatively high fees. The main goal of the platform is to create a system that will enable fast and smooth crypto transactions with lower fees, thus enabling traders to reach a wide crypto audience. UTK is trading at $0.095, down 3.41% on a daily basis at press time.
Top Polygon ecosystem tokens according to TVL
Ben Gcrypto also describes the top 10 projects in the Polygon ecosystem by total value locked (TVL). The analyst also recalls that Polygon is a decentralized Ethereum scaling platform that allows developers to build dApps with low transaction fees without ever compromising security.
On the analyst’s list, Aave (AAVE), Quickswap (QUICK), Balancer (BAL), Uniswap (UNI), CurveDAO Token (CRV), BeeFy.Finance (BIFI), Tetu (TETU), Sushiswap (SUSHI), KlimaDAO (KLIMA) and Stargate (STG) is located.
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