5 Small-Cap Cryptocurrencies With Growth Potential
These small-cap cryptos are flying under the radar.
Looking out for the best small-cap cryptocurrencies on the market? Then take a look as we have picked 5 small-cap cryptocurrencies that investors don't want to miss out on.
Best Small-Cap Cryptocurrencies to Buy
Bitcoin's entry into this exciting market back in 2009 has now led the way to over 7000 cryptocurrencies to sit within this blossoming market as of 2021 that all offer their own uniqueness to crypto-holders.
Over the past year, cryptocurrencies have reached a whole new level of popularity including becoming an official method of payment alongside cash and credit cards to the general public. Take the biggest cryptocurrency on the market, Bitcoin, as a prime example that has witnessed its price rise by over 300% in 2020 and is now accepted by over 15,000 businesses worldwide.
Additionally, cryptocurrencies hold more positives such as holding low fees, easy to move and spend as money is virtual, potential for high returns and many more factors.
But when looking at small-cap cryptocurrencies in particular, these assets hold further advantages than some of the biggest players on the market such as Bitcoin (BTC) as these smaller assets not only hold higher growth potential and provide greater returns, but they also see little or zero government participation meaning that political effects should not or be very minute in effecting these small-cap cryptocurrencies performances.
However, just like the bigger crypto players, small-cap cryptocurrencies do still come with strong risk factors and challenges that you have to be aware of before you rush straight in to invest.
To start, it's wise to check on your country's status when it comes to cryptocurrency as not every country will allow such activity. Secondly, price volatility is a given when it comes to these assets as they can witness huge price movements at any given moment caused by numerous different factors including government restrictions on usage of cryptocurrency, media heightening speculation and many more reasons.
Lastly, because small-cap cryptocurrencies have not yet gained the experience within this soaring market it can be a big challenge for these assets to succeed which makes this reason alone one of the biggest risk factors when considering to invest in small-cap cryptocurrencies.
Having said that, if you use due diligence and choose smartly you are already eliminating potential risk before entering into a crypto-asset of interest.
As the crypto market is on a fast recovery, here are small-cap cryptocurrencies with growth potential that investors should watch.
5 Small-Cap Cryptocurrencies With Growth Potential
There are plenty of excellent buying opportunities among small-cap crypto assets that have the potential for significant growth in 2021 and beyond. Here are five of the top small-cap cryptos picks with growth potential.
- Zilliqa (ZIL)
- Siacoin (SC)
- Dragonchain (DRGN)
- KuCoin (KCS)
- Voyager (VGX)
1. Zilliqa (ZIL)
The first small-cap cryptocurrency to come on the list is Zilliqa.
Zilliqa is a public proof-of-stake blockchain that is designed to help developers build decentralised applications with its ability to undertake thousands of transactions per second. Alongside, Zilliqa aims to improve blockchains speed and scalability. The cryptocurrency’s native token, ZIL, is used to make transactions on the Zilliqa network and execute smart contracts.
Following the acceleration of the crypto market, the ZIL token is one that has witnessed a bullish rise over recent weeks with the token rising by around 20% over the past week, resulting in pushing its market cap above the small-cap bracket to sit around $1.25 billion upon writing this report. The rise in demand pushes Zilliqa to be the 80th largest cryptocurrency on the market based on market capitalization.
Moving forward, ZIL token has been predicted to reach a price range of $0.26 to $0.78, with the bulls further predicting that this crypto could even reach $5 if the momentum remains strong by the end of the year.
Zilliqa is currently trading at $0.1082, slightly down by 5.14% over the past 24 hours, with volume increasing by 13.48% to $131,658,849 over the past 24 hour period. ZIL tokens return on investment (ROI) if purchased at the time is 2589.72%.
2. Siacoin (SC)
Siacoin (SC) is the native token for the Sia network, a decentralised cloud storage platform that acts as a more affordable, secure and reliable cloud storage space for users.
The network enables users to be able to lease access to their unused storage space, as users only have to pay for the amount of drive space they are consuming which is calculated by the Sia blockchain. Just like others, the Sia blockchain uses smart contracts which tracks all incoming and outgoing data including locations on its server to make it a safer marketplace to operate. In simple terms, users pay hosts in Siacoin in order to utilize their hard drive space to which the hosts only receive payment once the files in question have been utilized.
Over recent weeks the SC token has risen around 40%, with the token currently trading at $0.0195, down by 0.94% over the past 24 hours. Volume has increased by 96.88% to $127,741,709 billion over the past 24 hours, resulting in a 1.00% decrease in market capitalisation to $947,954,097. This places this cryptocurrency in the 93rd spot based on market capitalisation.
Looking ahead, the Sia network will no doubt continue ongoing development and create upgrades within its ecosystem which could push this crypto to reach $0.0262 in the coming months according to crypto advisers. Alongside, a four-year price prediction has been given for the SC token that it could reach the $1.5 mark by 2025 as its network focuses on improvements with new versions and focuses on growing its consumer base on its platform.
As this small-cap cryptocurrency has the aim of becoming the “backbone storage layer of the internet”, and as the crypto market drives to reach new highs over the coming years, this is one small-cap crypto that is looking to gain impressively over the long term.
3. Dragonchain (DRGN)
The non-profit Dragonchain organisation is a U.S commercial-grade blockchain that aims to optimize speed, flexibility and advance applications on its hybrid blockchain for small business, developers and enterprises.
Originally created at The Walt Disney Company back in 2014, the platform was created in order to solve business issues at an enterprise scale in an affordable way. Dragonchain commercialised in 2017 away from Disney to build and make an impact within this developing industry.
This cryptocurrency holds many positives that include holding ERC-20 token which helps make DRGN run on the Ethereum blockchain, one of the largest blockchains in the world, DRGN is based within the U.S one of the biggest markets in the world giving this crypto more regularity for future projects, alongside being supported by a world-recognised company, Disney, are just a few points that can help establish further growth. Additionally, it is advised that the blockchain industry will grow to $3.1 trillion by 2030, as news broke on the Dragonchain website that confirmed activity rose by 2400% over the past six months.
The hybrid blockchain platform is currently trading at $0.1167, down by 2.67% over the past 24 hours with circulating supply accumulating to 85% to 370,374,090.00 from its total supply of 433,494,437.
Currently holding a market capitalization of $43,149,610, this makes this crypto the smallest to grace the list of best small-cap cryptocurrencies with growth potential, whilst it holds its position of being the 540th largest cryptocurrency on the market based on market capitalization.
4. KuCoin (KCS)
One of the most promising small-cap cryptocurrencies to come on this list is that of KuCoin Token.
KuCoin is a secure crypto exchange that prides itself on making it easy for crypto holders to buy, sell and secure popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and many more. Its native coin KCS, is a profit sharing token that is used to draw in value on its exchange.
The KuCoin platform has made its mark within the cryptocurrency market with its established collection of products and services that include lending, staking, interest payouts and much more. But when it comes to growth potential, one clear avenue for potential acceleration KuCoin has over others is within the U. market as currently KuCoin is not licenced to operate within the U.S. So if this crypto is performing well without the U.S market, think of the prospects in store if it gets the green light.
KCS token currently trades at $11.64, down by 45.23% from its all-time high of $21.14 it gained in January 2018 yet is up by 3482.34% from its all-time low it reached in January 2019. Volume has gained just shy of 25% to $20,093,236 within the past 24 hours, with its market capitalization sitting at $932,467,416 upon writing which places this small-cap growing cryptocurrency in 94th position on the market.
According to Digitalcoinprice.com, KuCoin Token could look to reach $16.53 by the end of 2021, with the token predicted to reach $27.00 within the next four years.
Although it seems clear that there is ample room for growth for this crypto exchange, it looks to be a suitable choice for the more advanced crypto holders based on its additional features. Nevertheless, KuCoin is currently one of the most used and popular exchanges that looks to benefit hugely as the crypto market continues to drive its presence globally.
5. Voyager (VGX)
The last small-cap cryptocurrency that is continuing its bullish run is Voyager Token.
Voyager Token is a crypto brokerage that provides investors with its trusted platform and turnkey solution in order to trade cryptocurrencies, with the brokerage now supporting over 60 cryptocurrencies on the market. Voyager Token also has the added advantage of its mobile app that was launched back in 2019 that provides an efficient way for users to trade cryptocurrency at any given moment and time.
In 2021 Voyager improved its loyalty program that offers investors cash back incentives, savings for current VGX token holders, longside Voyager Token generating an annual 7% interest yield for the first year.
Currently ranked at 215 on the market, this cryptocurrency’s token VGX, has swiftly risen over recent weeks from its price at the start of August of $2.25 to where the token is sitting upon writing this report at $4.18, confirming an increase of 84% over the past two weeks. Even though momentum is predicted to continue with the VGX token predicted to reach $10.00 in the coming weeks, the token has decreased by 6.92% over the past 24 hours following a recent pull back which witnessed this crypto’s market position drop from 91 to 215.
Nevertheless, looking ahead into 2022 Voyager Token has been predicted to reach above $15 if growth sustains, with many anticipating this price is achievable but somewhat rather optimistic. But as this crypto strengthens its ecosystem through its ongoing partnerships, expanding its presence internationally through its mobile app, alongside the crypto market gaining more attention globally, this cryptocurrency has all the potential in order to deliver for many years to come.
Voyager Token currently holds a market cap of $9.28 billion, down by 6.91% over the past 24 hours.
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