If we say the cryptocurrency universe is the result of the expansion of Bitcoin, sort of like the big bang, then it's true. But Bitcoin has some issues of its own, like overpriced, high gas fees, and old technology. Altcoins were made to replace the Bitcoin and make cryptocurrency more accessible.
I spent hours researching the small market cap Altcoins under one $1. I have made a list of the top five Altcoins that are not only under but also have the potential to grow 100x. These coins might just blow up.
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Now first, let's tell you what are Altcoins?
Altcoins short for alternative coins are alternatives to Bitcoin. Actually, Bitcoin is the oldest and the ace player of the crypto game, and a better version of Bitcoin is a completely separate blockchain Ethereum are major cryptocurrency. All coins other than Bitcoin and Ethereum are Altcoins.
Now without further delay. Let's just dive in.
- Immutable X
First on my list is Immutable X. Immutable X is a big game changer Altcoin, built on the Ethereum blockchain is a layer 2 solution. A solution to the problems faced by Ethereum such as high gas fees, scalability, and slow transactions. Immutable X was launched for in-game tokens and NFTs and offers, confirmation of trade instantly, almost zero gas fees while minting and dealing in NFTs, and scalability up to 9,000 TPS. The best thing about Immutable X is its strong team and community, among others.
The games that are already using Immutable X include Gods Unchained, Illuvium, and Guild Guardians, and here I'm gonna tell you Gods Unchained is one of the top play-to-earned games of 2023, so yeah, Immutable X has great potential. The current value of Immutable X is $0.9816 (it is expected to raise a few cents above $1), and the market cap is $806 million, having a circulating estimated 800 million coins almost 41%. So keeping in view the market conditions, it is pretty clear Immutable X is going to be big, although it might be above $1. It sure is the coin that has 100x growing potential.
- Oasis Network (Rose)
The second project on my list is Oasis Network (Rose). Oasis Network is the pioneer in building the blockchain that ensures user privacy. Their main focus is on DeFi (decentralized finance), and data economy). Oasis Network is a layer 1 proof-of-stakes smart contract platform. It allows users extensibility and privacy through its unique privacy features. Oasis Network is creating a new type of digital asset called tokens or tokenized data. The significance of tokens is that it allows their users total control of their asset. Oasis Network's partnership with Meta AI, the company that owns Facebook, WhatsApp, and Instagram made it explode in the crypto market.
We can guess its success in the future by the role of Meta AI in its privacy features. Oasis Network uses rows as a native token, which is currently at a price of $0.069, and the market cap is $337 million, Max supply of 10 billion, and a circulating 5.030 billion coins. Oasis Network has impressive scalability enabling fast transactions. They have sophisticated discrepancy detection that is more efficient than the one used by Ethereum and polka dots. What do you think of Oasis Network? Let us know in the comments.
- Mina Protocol
Mina protocol is the lightest blockchain in the market with a size of only 22 kilobytes. If I tell you the size of the Ethereum blockchain, then you might be shocked it's more than 500 gigabytes. This tells you how easy it is to Mint and make a node in the Mina blockchain. This makes it accessible to anyone, like the Oasis Mina protocol, and also offers security and privacy in web3. For Mina Protocol, you don't need up-to-date hardware. No matter how many transactions are being done, the size remains 22 kilobytes. This is possible through a unique technology used by Mina Protocol (GK snarks), which creates a payment-oriented blockchain. Mina Protocol's native token is Mina, which has currently a market price of $0.9 but is expected to rise above a dollar. Market Cap being $879 million, infinite Max Supply which makes it inflationary, with circulating 835 million coins. Recently built apps on the Mena blockchain, including Vaultmi, Harpo, and Zkredit. Mina protocol has 100x growing potential because soon everyone is going to use it to make transactions gas free. Buying them now might make your crypto assets burst.
- Enfinity (EFI)
Enfinity built by engine networks is a big game changer in NFts since they were built to introduce NFTs to Polka dots. Engine Network already has 20 million worldwide Gamers from here, we can guess how big this is. Currently, EFI has the lowest market cap, but at Crypto Universities, we believe it's going to be big. Their main focus is on the NFts, making NFts accessible to everyone. They do so using EFI as a Pera token, making it interoperable in different networks. For example, you can swap ETH with the NFT you bought with EFI since both works on Para tokens. This allows third-party apps which use Enfinity to move NFT into other blockchains. (EFI) The token of Enfinity is currently priced at a Price $0.095, a market cap of $58 million, a Max Supply of $2 billion, and a circulating value of 610 million coins. So here was the tokenomics of Enfinity. It is going to be big in the next Bull run because it is backed by some big companies.
- Moonbeam
Moonbeam is, I think the most interesting one on the list. It is also built on polka dots Parachain like Enfinity and was the first one to get its Parachain. This project is EVM compatible and has a strong community because it was under development for two years. The recently launched project by Moonbeam includes some big names like The Raresame NFT marketplace, Cask Protocol, Omnisea, and Wormhole, and these projects are just the top of a big list. Moonbeam uses glomer as the native token, which in the market is currently at $0.446 and the market cap is $257 million, Max Supply is infinite, and the current circulating Supply is 579 million coins. So, this was the tokenomics of Moonbeam. Moonbeam being a cross-chain project enables its users to integrate NFT's cross-chain. Moonbeam is going to be a game changer because it is an Ethereum-friendly platform and is in the consideration of some big investors.
So these were the top five coins that are going to be game changers. Do tell us which one you like among them in the comment section. I'll tell you my favorite Emmutable x.