Last updated on November 4th, 2024 at 06:24 am
Are you looking to invest in low market cap crypto gems in 2023? Check out this overview of the 5 best options, and get started with your crypto journey!
Investing in low cap cryptocurrencies can be an excellent way to get involved in the crypto world. If you are a beginner, some of the coins listed in this article might be strange to you, but trust me, cryptocurrencies go beyond Bitcoin, Ethereum, Dogecoin, and some other popular names you must have heard of.
According to a post on Explodingtopics, there are over 21,844 cryptocurrencies available in the market with a combined market cap of about $830 billion. So, you see there is a vast pool of projects to pick from, only you have to be very careful and do due diligence by conducting your own research properly before making decisions.
Market capitalization (cap for short) is an important factor to take note of when classifying or valuing cryptocurrencies. Note that most crypto starts as low market cap gems before they become popular, so it is even better to pay attention to this category of coins and get them before they explode.
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Dogecoin for example was launched in 2013 and started as low cap crypto. It gathered momentum and grew more than 300% after launch and continued to show promising gains. In 2018, it reached a market cap of $2bn for the first time and thereafter saw its all-time high of $0.7376 in May 2021.
There are many other coins that started as low market cap crypto gems and are now listed among the top cryptocurrencies in the market. In this article, we will be listing the top 5 cryptocurrencies with a low market capitalization that you should keep an eye on for huge future gains.
If you are not entirely familiar with what low cap gems are or how to identify them, in the next session we will give a brief explanation so you can get the picture.
What is a Low Market Cap Crypto Gem?
Some platforms consider cryptocurrencies under $1 billion valuation as low cap assets, but it will be safe to say cryptocurrencies that have a valuation of $2 billion or less fall under this category.
Investing in digital assets that fall in this category should be done with caution because they are very volatile, and even if they have the potential to grow in the future, it is also very possible that they crash and you lose all your investment.
Because of their less liquidity and high volatility, these kinds of cryptocurrency might not be found in popular crypto exchanges.
The general formula for calculating market cap is by multiplying the total number of that cryptocurrency in circulation by the price per unit, the resulting figure is the market cap.
total circulating supply x unit price = crypto market cap
Below, we have listed our top 5 picks for these crypto assets with a little more insight.
5 Best Low Market Cap Crypto Gems to Buy In February
While there are thousands of cryptocurrencies in the market that falls under the category, we have listed our favorites below:
- IMPT
- YPRED
- Meta Masters Guild
- Lucky Block (LBLOCK)
- Robot Era
A closer look at the top low market cap cryptocurrencies for February 2023
1. IMPT
IMPT is a new crypto project that has been gaining ground since its launch. It is a carbon credit trading platform that is built on a blockchain. The project is designed to ease the process of offsetting carbon footprint by businesses and consumers.
The IMPT project is very valuable because it has real-world use cases aiming to ease the climate crisis. While shopping on this platform, users earn tokens. These tokens can further be converted into carbon credit non-fungible tokens (NFTs).
Aside from acquiring these tokens through shopping, users can also trade them and also choose to exchange them for unique NFTs.
On December 28, 2022, IMPT launched on Singapore-based centralized BitMart which exposed it to a new cryptocurrency user base. On 1st January 2023, IMPT also launched on Gate.io.
According to reports from Bloomberg, the voluntary carbon market is expected to grow exponentially from about $2 billion to over $100 billion yearly. Since the project is built on blockchain, it will also help to reduce fraud in the carbon credit market.
With all the exciting updates coming up with the project, the price of the token is expected to grow to its recent highs in the $0.02250 area. According to live data from Gate.io, IMPT is currently trading at $0.008687 with a market cap of $11.64 million.
Cryptocurrency rating websites CoinCodex.com and CryptoPresales have listed IMPT as one of the best of the year 2022.
2. yPredict
Our second pick for best low market cap crypto gems in February 2023 is YPRED. According to their official website, yPredict is a real-time insights & predictions terminal backed by Artificial intelligence.
The project is an ecosystem that includes several projects like a crypto analytics web app on a browser, a marketplace, and also trading terminal. The standout feature of this ecosystem that makes it very promising is its AI predictions marketplace which opens new career opportunities for artificial intelligence and machine learning developers.
This project has better room for exponential appreciation compared to other popular cryptocurrencies in the market. Investing in this project in its early stage of development may give potential benefit from the final growth of the project.
The native token of the yPredict platform is YPRED. It is a utility token that is designed to work as the primary payment method on the yPredict platform, which makes it possible for the demand and value of the coin to rise over time. Its value is derived from the utility it provides within the ecosystem which makes it different from other popular cryptocurrencies like Bitcoin and Ethereum.
A total supply of 100 million tokens is what is expected of YPRED which would mean scarcity thereby increasing the demand for the asset and can potentially increase its value.
YPRED is currently in its presale stage selling for $0.0375 and will be up to $0.045 during its launch in 2023. More details and live data will be provided once the project is launched.
3. Meta Masters Guild ($MEMAG)
Web3 gaming has been gaining popularity over the years and lots of projects have been launched in this industry. Meta Masters Guild is one of the latest and most exciting gaming projects you should pay attention to.
The project aims to raise $4.97 million throughout its presale period which is expected to last around seven stages. It prides itself on the world’s first mobile-focused decentralized gaming ecosystem.
On the gaming platform, users can access special mobile games and earn rewards in return. The native token of the Meta Masters Guild platform is $MEMAG and its in-game currency is Gems.
Gems will be used to reward users on the platform and also earned when they unlock achievements or complete various tasks. The token can also be used to purchase in-game assets. These assets are fully ownable as NFTs and can be converted to $MEMAG.
According to the project’s whitepaper, the $MEMAG token can also be staked to generate other benefits within the ecosystem.
MEMAG is currently in stage 3 of its presale and is selling for $0.016. Live data from their official website at the time of writing this post shows that the price will be increased in less than 4 days. The breakdown of the prices per presale stage is stated below:
| Presale Stage | Price | Token Allocation | Raise Value |
| Stage 1 | $0.007 | 70,000,000 | $490,000 |
| Stage 2 | $0.010 | 63,000,000 | $630,000 |
| Stage 3 | $0.013 | 56,000,000 | $728,000 |
| Stage 4 | $0.016 | 49,000,000 | $784,000 |
| Stage 5 | $0.019 | 42,000,000 | $798,000 |
| Stage 6 | $0.021 | 35,000,000 | $735,000 |
| Stage 7 | $0.023 | 35,000,000 | $805,000 |
| Total | – | 350,000,000 | $4,970,000 |
4. Lucky Block (LBLOCK)
The next on our list of cryptocurrencies is Lucky Block. The project is available in V1 and V2 tokens. Lucky Block utilizes the blockchain to provide transparency and credibility in online gaming.
Launched in January 2022, LBLOCK cryptocurrency was the fastest token to reach a $1bn market capitalization. The price surged over 900% from its initial sale price of $0.0009315 to an all-time high of $0.009387 in just three weeks.
There are various competitions that are available within the ecosystem. LBLOCK which is the native cryptocurrency is used to grant players access to its platform.
The V1 launched in January 2022 and early investors saw a huge gain before the general market downturn which affected other cryptocurrencies in the market. The V2 was recently launched and is built on the Ethereum blockchain. The launch of the V2 token eliminates the 12% transaction fee that was originally carried by the V1 token. The V1 tokens can now easily be converted to V2 tokens.
According to live data from Coinmarketcap, the price of LBLOCK V1 token is $0.0001347, and V2 is $0.0001484 with a market cap of $5,475,481.
5. Robot Era
The last token on our list of best low market cap crypto gems to buy in February 2023 is Robot Era. This is a new metaverse project that allows players to access its virtual ecosystem.
Players can build on metaverse land, and also trade Non-fungible tokens. The native token of the ecosystem is TARO which is built on the Ethereum blockchain. The presale started in November 2022, and its aim s to raise $7 million. This will be achieved by releasing 270 million TARO tokens through its presale which is supposed to last 3 stages.
NFTs available in Robot Era include Robots, lands, robot companions, and others. Collective decisions are made in its DAO ecosystem by all players.
Just like every other play-to-earn game, Robot Era offers a variety of ways players can earn while playing. Players can enjoy earning rewards when exploring the Taro virtual world. In the first quarter of 2023, RobotEra will release the alpha version since it is still in its early stages.
Currently, the token is available to buy and it is selling at $0.020 in its first presale stage. During stage 2, the price will increase to $0.025 so if you want to get involved in the project, the best time is now.
Conclusion
So far, we have seen the list of the top cryptocurrencies with a low market cap to look out for in 2023. Investing in these gems can turn out to be really profitable when carefully done.
Our best pick from the list of top 5 low market cap crypto gems will be YPRED – the native token of yPredict.ai. It is a vast project and since its value is derived from the utility it provides, the price is expected to grow exponentially with time.
Disclaimer: The views expressed in this article is solely of the author and is no way investment advice. Investing in cryptocurrency is speculative, you are advised to do due diligence before investing in any digital asset.
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.