Usually, the most precious gems are the hardest ones to find. This logic can also be true for cryptocurrency investing, with valuable cryptocurrencies sometimes going unnoticed by the majority.
In this reasoning, Finbold looked to the cryptocurrency market low-cap projects with sub-$1 billion in capitalization. Notably, we found three cryptocurrencies with solid fundamentals and relatively low perceived value.
In the past, sub-$1 billion market cap assets managed to cross this psychological resistance in a matter of days. Interestingly, some achieved it with a purely speculative demand, without solid fundamentals, like Pepe (PEPE) and, most recently, Bonk (BONK) and Ordi (ORDI).
Nano (XNO) weekly price chart. Source: TradingView
Radix (XRD)
Radix is innovating the DeFi space to deliver a “radically better” technology for Web3 development. Its scalable platform ensures secure, low-cost transactions, fostering a new era in financial applications.
Notably, Radix has an asset-oriented transaction model, promising to eliminate most of DeFi’s current hurdles. It is a competitor to Ethereum (ETH), designed by Dan Hughes to solve identified issues from the leading Web3 cryptocurrency. Radix’s development dates from 2013, involving a decade of research before launch.
Price-wise, XRD has a short life, with its first trading record being on June 2, 2022, at around $0.01597 per wrapped token on the Ethereum network. Radix mainnet’s life is even shorter, going live on September 29, 2023, finally with XRD as its native token. As of writing, XRD is trading at $0.0422 after reaching an all-time high of $0.1565 per token.
Radix (XRD) daily price chart. Source: TradingView
IoTeX (IOTX)
Finally, IoTeX is driving the Internet of Things (IoT) forward. Its blockchain technology unlocks secure, private, and interoperable devices, revolutionizing how we interact with smart gadgets.
Its developing team promises to provide the link with the real world through the IoTeX blockchain and smart devices. The solution was launched in 2019 after starting as an open-source project in 2017 and is one of the few projects really connecting its blockchain to the Internet of Things through real devices and demand.
Notably, the native token IOTX trades at $0.05 by press time. Trading for as high as $0.26 in 2022 and as low as $0.001 during 2020’s crash.
IoTeX (IOTX) weekly price chart. Source: TradingView
On the other hand, the three aforementioned cryptocurrencies represent high-risk assets from an investment perspective. This is due to their low market cap and liquidity, bringing high volatility and uncertainty from a speculative perspective.
In conclusion, investors must act cautiously while investing in sub-$1 billion market cap cryptocurrencies. Doing their due diligence and understanding what they are investing in is a must, as well as applying proper risk management strategies.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
