Last updated on November 10th, 2022 at 05:17 pm
Low market cap cryptocurrencies usually start as undervalued before they experience some kind of dramatic growth that ends up drawing attention to them. Investors have turned to low-cap coins as the best alternative to buy, especially in times of market crash also known as the bear market.
It is no doubt that the cryptocurrency market is experiencing tremendous growth over the past years, and it is gathering lots of attention from people, especially beginners who are looking for extra ways to make money online.
There are several ways to get involved and invest in cryptocurrency, which include Hodling, and Day trading. While Day trading could be highly risky because of the market volatility, Hodling on the other hand has proven to be a more risk-free method and highly profitable one.
In case you are not familiar with what Hodling (pronounced Holding) is, it is simply a method of buying and saving cryptocurrencies for a long period not minding the condition of the market. In this case, you buy at a cheap rate, hold it for a period and sell off when you have seen good growth and profit from the initial amount you spent in buying the coin.
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October has not been a very good month for the crypto market, though we are still hopeful for the end of the year, especially following the recently completed Ethereum Merge which moved it from a proof-of-work mechanism to proof-of-stake.
While we hope for a positive turn, it is good to shift focus to these low market cap cryptocurrencies, buy them and add to your portfolio before the anticipated bullish market comes on.
See our list of top low-cap cryptos to buy in September and compare them to this list.
What are Low market cap cryptocurrencies?
Generally, cryptocurrencies are said to be low-cap if their valuation falls below $2 billion. There are also other categories of market capitalization which include Large cap, Mid cap, and Micro cap. To understand the crypto market cap better, check out This Post.
There is a formula to calculate the market cap of a cryptocurrency. It is calculated by multiplying the number of that coins in circulation by the price of each of them. Putting the formula together, we have;
total circulating supply x unit price = crypto market cap
It is important to know this calculation before deciding on which low market cap cryptocurrency to buy in October 2022. Without wasting much time, let’s get into the main topic of discussion.
Top 5 Low market cap cryptocurrencies to buy in October 2022
So, what are the best low-cap cryptocurrencies you can buy in the market? While there are countless undervalued cryptos out there, we have arranged the top 5 in no particular order.
- IMPT (IMPT). Ongoing pre-sale
- EOS (EOS). Market Cap $1 billion
- Lucky Block (LBLOCK). Market Cap $8 million
- Compound (COMP). Market Cap $380 million
- ApeCoin (APE). Market Cap $1.3 billion
Let’s take a closer look at the above-listed coins.
1. IMPT (IMPT). Market Cap $1.5 million
IMPT is on a mission to offer simple, affordable, and effective mechanisms that will enable each member of society to fight climate change and also invest in the planet. It is an exciting project that is already gathering huge investment attention even in its pre-sale stage.
Its presale is currently ongoing and it has already raised over $500,000 after 48 hours of start. In less than 24 hours, it raised over $150,000 in funding, and this is to show the level of interest in the project.
According to its Whitepaper, its ambition is to help individuals and organizations make positive impacts while becoming carbon-neutral or carbon-negative. It attempts to reduce the crisis caused by climate by users offsetting their carbon footprint. This is an exciting project to keep an eye on.
Users shop on the platform to earn tokens which can later be converted into carbon credits. Investors love buying into projects that have real-world use cases and utilities. This is certainly one good crypto to buy the dip.
One very distinctive feature of IMPT is that it allows individuals and organizations to measure their impacts on the environment. IMPT is built on the Ethereum blockchain which makes it very efficient and scalable, especially after the Ethereum Merge upgrade.
The project is currently in its first phase of the presale, and it will last until sells out or November 25, whichever comes first. 600 million tokens are on sale at the price of $0.018 each. See more on their Whitepaper.
2. EOS (EOS). Market Cap $1 billion
The Electro-optical system or EOS for short is an operating system that is decentralized and it is based on blockchain technology. dApps developers find this project interesting since it enables them to have access to all the required resources through the system.
The project was launched in 2018 by Dan Larimer and was able to raise about $4.1 billion in its ICO (Initial Coin Offering). EOS has moved away from its original developer Block.one and is now supported by “Antelope.”
Antelope was formed as a result of the collaboration between Telos WAX, UX Network, and EOS in early 2022. It is open-source blockchain technology. Since then the price of EOS has increased significantly. This should be on your list of low-cap coins to watch out for this month.
According to live data from CoinMarketCap, the price of EOS as of writing this article is $1.03 and has a market capitalization of $1 billion.
3. Lucky Block (LBLOCK). Market Cap $8 million
Lucky Block is one of those cryptocurrencies in its infant stage you should keep an eye on. It was launched in January 2022 and has since then gradually made a name for itself. It ran its first lottery event and completed payment for the daily draw for the $1m regular jackpot and the $1m NFT jackpot.
LBLOCK has two versions, the V1 runs on the BSC (Binance smart chain), and the newly released version, the V2 which runs on the Ethereum chain independently. It is a leading online competition platform that uses blockchain technology to improve transparency and credibility in the gaming space.
LBLOCK is the native token for the Lucky Block platform. The platform did away with the traditional ticket system and instead adopted the use of its native token LBLOCK to grant players access to its platform.
On the platform, you can buy NFTs, win different prizes, and be rewarded for holding Lucky Block NFTs. According to data from CoinMarketCap, the price of LBLOCK V1 today is $0.0002059, and V2 is $0.0002135. It has a market capitalization of $8 million.
4. Compound (COMP). Market Cap $380 million
The next coin in our list of top low market cap cryptocurrencies to buy in October 2022 is Compound (COMP). The project was first launched in September 2018 and since then it has taken the world of Decentralized Finance by storm.
Compound lets people access available funds and pay interest on their loans. The native token of the platform is COMP and its holders can take part in the governance of the project and also pay liquidity rewards.
It has established itself as one of the top lending protocols and come the next bullish market, its native token will see a significant boost. You can buy the COMP token from top cryptocurrency exchanges like SoFi, Coinbase, and Robinhood.
Live data from CoinMarketCap shows that the price for COMP is $52 and it has a market cap of $380 million.
5. ApeCoin (APE). Market Cap $1.3 billion
ApeCoin was initially listed in our top 7 cryptocurrencies to buy after Ethereum Merge. It is a new and trending project built on the Ethereum network. It represents the Bored Ape Yacht Club NFT collection.
APE is the native token of the project, and holders of the token can participate in the governance of the DAO. Non-fungible tokens NFTs are also gaining momentum in the market which makes ApeCoin a profitable investment to consider.
Since it is a project that is built on the Ethereum network, you should also guess that the Ethereum upgrade will be favorable to it especially when the next market bull run comes.
Also, popular fashion brand Gucci announced in August that it will be accepting payments in Ape tokens. They also have popular ambassadors like legendary American rappers Snoop Dogg and Eminem.
As of writing this post, live data from CoinMarketCap shows that ApeCoin has a market capitalization of $1.3 billion and currently sells at $4.35.
Final Thoughts
Low market cap cryptocurrencies are a risky but very good investment as the value tends to increase significantly over time. The coins that fall under this category might not be as popular as other large-cap cryptocurrencies, but investors who buy into these projects early enough are the ones who will receive a better long-term reward.
There are lots of low market cap cryptocurrencies out there in the market to buy, but our top 5 include IMPT, ApeCoin, Lucky Block, EOS, and Compound. Adding these projects to your portfolio early enough is a good idea while we anticipate the next bull market.
Disclaimer: This is not financial advice. You are always advised to do your own research before choosing to invest in any cryptocurrency. Cryptocurrencies are volatile and without proper information, you can lose all your savings.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.