Low-cap altcoins have been a good alternative to invest in especially since coins like Bitcoin, Ethereum, and other large-cap cryptocurrencies are experiencing a downtrend in price.
Over the last week, the crypto market experienced a sharp crash, with Bitcoin and Ethereum dropping over 20%. Before the crash, there has been relative stability in Bitcoin and Ethereum prices.
The crash was fueled by the controversies surrounding Bahamas-based cryptocurrency exchange FTX, and also by new investor doubts and growing sentiments after Binance announced that it will be buying out FTX in a bid to save the company. Binance later pulled out of the deal on Wednesday which led to FTX filing for bankruptcy.
With the negative news making rounds, Bitcoin’s price dropped to $16,000 for the first time in two years, and Ethereum followed, dropping to $1,200 for the first time since crypto’s crash over the summer.
Cryptocurrencies are volatile assets and investments should be done after proper research and consultations. Investing in cryptocurrencies could yield good returns but at the same time can be very risky.
Finding good low-cap altcoins to invest in before their prices explode is a very profitable strategy for seasoned investors. These cryptocurrencies often start as undervalued before their public interests start to grow.
How is the crypto market cap calculated?
Cryptocurrencies are classified into three different categories based on their market cap. These market caps are important as they help you compare the value of one cryptocurrency with another. The figure helps investors make more informed investment decisions.
There are three major categories of market cap that all cryptocurrencies fall under namely; Large-cap, Mid-cap, and Low-cap cryptocurrencies. Coins like Bitcoin, Ethereum, Binance Coin, Tether USDT, and USDC are examples of large-cap cryptocurrencies.
Calculating cryptocurrency market cap is easy, you multiply the number of circulating coins by the price of each.
total circulating coin x unit price = crypto market cap
So, let’s dive right into it.
5 Best Low-cap Altcoins to invest in for November
Note that cryptocurrencies could start as low-cap and further grow into mid-cap or even large-cap cryptocurrencies with time. They could present good growth opportunities in the future.
While there are thousands of altcoins available in the market, I have listed out the best 5 with very good and promising potential.
In no particular order:
- EOS (EOS). Market Cap $973.6 million
- Dash 2 Trade (D2T)
- NEO (NEO). Market Cap $465.3 million
- Stacks (STX). Market Cap $315.2 million
- Battle Infinity (IBAT). Market Cap $7.8 million
A closer Look at These Top Altcoins
Now let’s take a closer look above-listed listed cryptocurrencies with promising potential.
1. EOS (EOS). Market Cap $973.6 million
Created in January 2018 by Block.one, EOSIO (Electro-optical system) is focused on giving users a decentralized operating system. It is an operating system that is built on blockchain technology.
In 2018, EOS had an ICO (Initial Coin Offering) that raised over $4.1 billion in crypto. dApps developers use this project because it enables them to have access to all the resources required through the system.
EOS eventually moved away from Block.one after facing some challenges and rebranded itself. EOS supports a core functionality that enables individuals and businesses to create applications that are based on blockchain in a way that resembles web-based applications.
EOS is seen by some as a competitor to Ethereum. It looks to be bigger and faster than the Ethereum network to process millions of transactions per second as opposed to Ethereum which does about 10 transactions per second.
The ecosystem has two main elements: the EOS.IO software and EOS tokens. At the time of writing, EOS has a market cap of $973.6 million according to live data from Coinmarketcap. The price of an EOS token sells at $0.9058.
2. Dash 2 Trade (D2T)
Dash 2 Trade is gaining real momentum among investors. Founded in 2022 by a team led by CPO Duco van Rossem, Dash 2 Trade raised $400,000 within 24 hours of its presale and also secured $3.5 million in early-stage investment and more than $6 million in less than a month.
Built on the Ethereum blockchain, the platform offers advanced cryptocurrency trading tools which include social sentiment analysis, on-chain analytics, and technical charting. It offers multiple insights on trading to both new and pro traders.
According to the whitepaper, the platform looks to implement auto-trading APIs, and also price alerts to help with risk management. Apart from getting profits from investing in the asset, users can also benefit from having access to the Dash 2 Trade platform which is important for traders who wants tools to improve their technical analysis.
Other benefits include receiving alerts when there are new presale launches which will enable investors to get in early at the lowest prices.
D2T is the native token of the Dash 2 Trade platform. Users that own the ERC-20 token can participate in trading competitions, and also use available tools to optimize their technical analysis.
The listing price of the token will be set close to when it is listed on decentralized and centralized exchanges. The final presale stage price will be set at $0.0635 and is likely to grow to $0.10. Learn more on the Dash 2 Trade platform.
3. NEO (NEO). Market Cap $465.3 million
NEO was initially launched as Antshares in 2014 and later went on to rebrand as NEO in 2017. The platform uses blockchain technology and smart contracts to the maximum advantage.
It is an open-source blockchain platform and it aims to change the global economy into a smart one. The native token of the platform is NEO. Holders of this token have voting rights and also ownership interests in the network.
According to live data from Coinmarketcap, NEO has a market capitalization of $465.3 million at the time of writing this article. The price of each token sells at $6.56. Also, the secondary token of the NEO ecosystem is GAS.
NEO token act as the governance token for the ecosystem, and GAS is the utility token. With the GAS token, transaction charges, dApps purchases, and installation of smart contracts are all paid for.
4. Stacks (STX). Market Cap $315.2 million
Stack is an open-source platform that enables smart contracts, Decentralized Finances, NFTs, and also Bitcoin apps. It is a layer-1 blockchain that allows for the execution of smart contracts.
Stacks operates with the Proof of Transfer consensus mechanism, it allows miners to pay in Bitcoin to mint new STX tokens. Stacks is unique because it connects to Bitcoin and turns the blockchain into a programmable base layer.
Stacks also have its smart contract language called “Clarity.” Users can set up their conditions for transactions using Clarity and are not limited to programmed conditions. Stacks is a good investment to make good money.
According to live data from Coinmarketcap, Stacks (STX) have a market capitalization of $315.2 million, and the price for each token is $0.2258.
5. Battle Infinity (IBAT). Market Cap $7.8 million
The last asset on my list of top 5 Low-Cap Altcoins to Invest in for November is Battle Infinity. Interest in the Metaverse has been growing lately as new projects continue to spring up.
Battle Infinity is an NFT-based sports fantasy game hosted on a blockchain. The ecosystem hosts multiple play-to-earn games that are integrated within the metaverse world called ‘The Battle Arena.’
Battle Infinity is a popular low-cap altcoin that you should have in your portfolio. During the presale, it sold out in just 24 hours, and then the price pumped after it was listed on Pancakeswap and LBank.
On the platform, you can create your avatars and interacts with other people in it. The native token of the Battle Infinity platform is $IBAT. The token can be earned as a reward when users stake and also take part in the Battle Infinity fantasy sports league.
With more listings coming up, $IBAT looks to have huge growth potential in the coming months. Live data from Coinmarketcap shows that Battle Infinity has a market cap of $7.8 million and the price of each token is $0.002403.
Low-cap altcoins provide opportunities for huge growth potentials, so it is advisable to properly select the ones that are worth investing in. They might not be as popular as large-cap cryptocurrencies, but the profit potentials are huge.
Out of the cryptocurrencies listed above, our top pick for the best low-cap altcoins to invest in in November is Dash 2 Trade. It is a brand-new project that has just launched and also has a real-life use case. Battle Infinity is also an exciting project that you can choose to invest in.