Often the most valuable jewels are the hardest to find. This logic also applies to cryptocurrency investments. Valuable cryptocurrencies may sometimes go unnoticed by the majority. With this logic, crypto expert Vinicius Barbosa looks at low-capitalization projects under $1 billion. In this vein, he describes three altcoins with solid fundamentals and relatively low perceived value.
First ranked altcoin: Nano (XNO)
Nano is revolutionizing decentralized payments with unmatched speed and efficiency. Thus, it makes it easier to make instant transactions without paying any fees. Additionally, XNO, a fully distributed cryptocurrency with no supply inflation, emerged from 2015 to 2017. Colin LeMahieu launched it as an open source altcoin project in 2014. Currently, a community of volunteer supporters are running the project.
Nano, meanwhile, rose from $0.005742 to $37.73 less than a year after its launch in a purely speculative bull rally. The team tested and improved the network over the following years. Thus, it created a passionate community despite the weak price movement. XNO was trading at $1.14 at press time. The current market value of the altcoin project is $151 million. Meanwhile, NANO is among the top 300 cryptocurrencies. It focuses on providing reliable decentralized peer-to-peer transactions in the most efficient way possible.
Radix (XRD) comes in second place
Radix is innovating in the DeFi space for “radically better” technology for Web3 development. Its scalable platform enables secure, low-cost transactions. Thus, the altcoin project fosters a new era in financial applications. Radix, in particular, has an asset-focused transaction model that promises to eliminate many of DeFi’s current hurdles. Dan Hughes designed Radix, a rival of Ethereum (ETH), to solve problems in Ethereum. The development of Radix dates back to 2013. So, it has a decade-long research history before entering the market.
In terms of price, XRD has a short lifespan. The first transaction record was approximately $0.01597 per wrapped token on the Ethereum network on June 2, 2022. Radix main-net’s lifespan is even shorter. It was launched on September 29, 2023, using XRD as a native token. At the time of this writing, XRD was trading at $0.0422. Meanwhile, the ATH level of the altcoin price is $0.1565.
Last ranked altcoin: IoTeX (IOTX)
cryptokoin.comAs you follow from , IoTeX is pushing the Internet of Things (IoT) forward. Blockchain technology unlocks secure, private and interoperable devices. Thus, it revolutionizes the way we interact with smart devices. The developer team promises to provide connectivity with the real world through IoTeX Blockchain and smart devices. IoTeX launched in 2019 after starting as an open-source altcoin project in 2017. Blockchain is one of the few projects that truly connects the Internet of Things through real devices and demand.
Meanwhile, native token IOTX was trading at $0.05 at press time. The token dropped as low as $0.001 during the crash in 2020. However, it rose to $0.26 in 2022.
The three altcoins mentioned above represent high-risk assets from an investment perspective. This is because they have low market capitalization and liquidity. Additionally, these cryptocurrencies have high speculative volatility. As a result, investors need to be careful when investing in cryptocurrencies with a market capitalization below $1 billion.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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