Good day everybody,
Welcome to CryptoGod-1's blog on all things crypto. Today I will be continuing the series where I take an in-depth look at a select number of Coins / Tokens, this time under $1. With the year 2022 almost coming to an end I feel it is as good a time as any to see which are the most interesting coins within this bracket, in the hopes they could become some of the bigger players in 2023 and beyond.
This article was done with the coin value as of the 9th of December 2022 and prices may have varied since then.
You can find the previous part(s) to the series here:
Ripple (XRP) - CoinGeko Number #7
Ripple is a privately-held fintech company that was designed to provide a global payment solution similar to banking via its patented payment network called Ripple Network (also known as RippleNet). The function of RippleNet is to work as a payment network that is built on top of Ripple’s consensus ledger, which is known as XRP Ledger (XRPL). The difference between Ripple and most cryptocurrencies out there is that it was created to connect banks, payment providers and digital asset exchanges, instead of the traditional peer-to-peer needs. This is meant to enable real-time settlement for banking transactions along with lower transaction fees, which should be revolutionary for the banking industry.The traditional remittance market generally takes up to 48 hours for the transfer of money internationally. However, the average transaction time using XRP is a mere 4 seconds. It all began back in 2004 by Ryan Fugger, who developed the first version of Ripple, called RipplePay. It has made the news for all the wrong reasons over the last couple of years, with the SEC bringing a case against Ripple in December 2020, alleging they have been conducted $1.3 billion of unregistered securities offering since the token's creation. This has hampered the potential for the cryptocurrency to grow, with no determined settlement to that case having happened as of yet. They have both accused one another of stretching the law as they argue for a ruling on whether XRP is to be classed as a security or not, although both sides urged U.S. District Judge Analisa Torres to rule in their favour without sending the case to trial in papers filed on Friday the 2nd of December 2022.
It has a circulating supply of 50 Billion and a total supply of 100 Billion.
Currently is has a market cap ranking of 3 and this is backed by its market cap value of $19,673,952,883.
The current trading price for XRP is $0.391572, which is down about 88.5% from its all time high of $3.40 on 7th of January 2018.
As per the image below, if XRP managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
A lot will depend on how the SEC case pans out, which in turn could have a massive impact on the cryptocurrency space at large. Assuming the case finally does come to a close, regardless of whether or not XRP is classified as a security it will at least have this issue closed. Since the highs over 2021 XRP has been in a continuous downtrend of wedges and triangles. This would give an indication that reversal should be expected down the line, although of how much it is still not clear. Most short term indicators are showing XRP as a sell asset, but the assumptions that a reversal and higher prices can be reached should also take into consideration the entire market at large. Therefore, I would consider XRP as One to Watch especially depending on the outcome with the SEC.
Cardano (ADA) - CoinGeko Number #9
Cardano is the cryptocurrency of a proof-of-stake blockchain with the same name which was founded in 2017 by Charles Hoskinson, who also co-founded Ethereum. The Cardano blockchain was created for decentralized application (dApp) distribution and its primary aims are to solve the issues around scalability, interoperability, and sustainability. Cardano also allows for smart contracts to ensure the blockchain platform can run independently without the need for any professional or third-party oversight or additional layers for users to make the most of the blockchains functions. ADA allows holders to send value between each other, pay for a good or service, deposit funds on an exchange, or enter an application. Any application built on the network will also use ADA as its the native token.
It has a circulating supply of 35 Billion and a total supply of 45 Billion.
Currently is has a market cap ranking of 9 and this is backed by its market cap value of $11,034,638,714.
The current trading price for ADA is $0.315201, which is down about 89.8% from its all time high of $3.09 on 2nd of September 2021.
As per the image below, if ADA managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
ADA is a very interesting coin, and has always been seen as one of the stronger players in the crypto space. This is in part down to the reputation of its founder, Charles Hoskinson. His sway and the fact that there is an ADA upgrade upcoming, the market sentiment and analysts don’t see it gaining as much traction as would be hoped. Much of the value in ADA is seen as it is a coin for the long run, and while the Vasil hard fork will most likely cause the growth of the price in a short term the general consensus is one of sell at the moment. Therefore, while I like ADA a lot, I think there could be better choices out there for investment if you are looking for bigger gains.
Polygon (MATIC) - CoinGeko Number #10
Previously known as the Matic Network, Polygon is a well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. The core of the platform is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Users are able to make use of Optimistic Rollup chains, ZK Rollup chains, stand alone chains or any other kind of infra required in the development of their own project. It transforms Ethereum into a full-fledged multi-chain system and this multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc with the advantages of Ethereum’s security, vibrant ecosystem and openness.
It has a circulating supply of 9 Billion MATIC coins and a total supply of 10 Billion.
Currently is has a market cap ranking of 10 and this is backed by its market cap value of $8,302,660,471.
The current trading price for MATIC is $0.928819, which is down about 68.2% from its all time high of $2.92 on 27th of December 2021.
As per the image below, if MATIC managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
Matic very much followed along with the bull market in 2021, rising to its all time high at the end of that year. Since then it has been steady declines, bouncing on its way down until April of 2022. Unlike most of the other assets, it made an attempt to recover to the previous level at the end of June but ultimately it was not successful. However it caught large momentum along the rest of the market over the summer, breaking the $1 mark again and is currently hovering just below that level. Since late May 2021, MATIC has been trading in a falling wedge pattern, which may indicate an upcoming trend reversal. However, the short term trend would require it to break the previous resistance level of $1.31 if there is to be real upwards gains to be made, while its support level sits around $0.75-$0.90. Therefore we should be on the lookout for descending triangle forming in the charts, and watch for further signs of the price’s breakout or breakdown. Certainly an interesting time ahead and one to keep a close eye on.
Algorand (ALGO) - CoinGeko Number #32
Algorand, created in 2017, portrays itself as the green and most sustainable blockchain out there, having been designed to give global innovators the fundamental confidence they need to effect change according to its creator Silvio Macali. They envision a world where everyone creates and exchanges value efficiently, transparently, and securely, allowing for global trust through decentralization and simple designs that drive adoption by billions of people. The ALGO token is the native token of the blockchain, and allows users to interact with the blockchain to create their own d'Apps, NFT's, and make cost effective and fast transactions between users.
It has a circulating supply of 7.1 Billion and a total supply of 7.35 Billion.
Currently is has a market cap ranking of 32 and this is backed by its market cap value of $1,613,750,103.
The current trading price for ALGO is $0.226633, which is down about 93.6% from its all time high of $3.56 on 20th of June 2019.
As per the image below, if ALGO managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
The short-term outlook for ALGO is that it will continue the bearish trends into 2023. This is given by the overall consensus of the crypto market although there is an assumption amongst analysts that the price could make minimal gains towards the later part of 2023. The project itself is strong with a big community, with its use of PoS and any member of the community potentially being able to participate in the formation of a new block. The project will continue to look into developing its ecosystem, with the V2 upgrade having surpassed the 90% threshold required to accept the protocol upgrade. The longer term outlook of the project should be positive, with expectations it could have strong growth over the coming years. Therefore it is a project I would consider worthwhile while looking more into it and potentially investing in for the longer term, although there have been reservations made regarding the centralization of the project, including the ALGO Organisation having a CEO.
The Sandbox (SAND) - CoinGeko Number #45
Sandbox is a decentralized community of owned virtual world, as part of the metaverse. Creators have the ability to host custom games and events within the virtual world, and the players get true ownership of the virtual world assets in the form of NFTs. The owners can host contests and events, and stake their SAND to earn customizable assets, monetize assets and experiences, vote in the metaverse governance, play games, and more.
It has a circulating supply of 1.6 Billion and a total supply of 3 Billion.
Currently is has a market cap ranking of 45 and this is backed by its market cap value of $931,807,668.
The current trading price for SAND is $0.593036, which is down about 92.9% from its all time high of $8.40 on 25th of November 2021.
As per the image below, if SAND managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
The year 2021 had seen significant growth for SAND, as the first quarter saw month on month growth of 133% of value in January, 162% in February, and more than 250% in March. From April it consolidated along with the rest of the market, however compared with its growth over the previous year the falls were minimal in comparison. While it rallied to new all time high prices in December 2021, since then it has been on a steady downwards fall. The current consensus is for a sell of SAND, but given the expected growth of the Metaverse of the coming years and decades, it is difficult to write a project like this off. I would certainly expect strong growth when the market turns, and assuming more real use and interest appears in the Metaverse space, new ATH's should be expected. Therefore this is definitely one for the long term, although new projects emerging in this space could always be a threat to the existing players.
Theta Network (THETA) - CoinGeko Number #49
Theta network is a decentralized video streaming network which allows users to watch video content and get rewarded with tokens as they share their internet bandwidth and computing resources on a peer-to-peer basis. It is advised by co founder of YouTube, Steve Chen, and co founder of Twitter, Justin Kan. It has rebranded itself as the MetaChain as of the 1st of December 2022, the blockchain architecture purpose-built for Media and Entertainment enterprises entering the Web3 space. The video streaming services on Theta rely on a distributed network of users who voluntarily contribute their spare bandwidth and computing resources to run Theta’s system, in return for Theta Fuel (TFuel) reward. THETA itself is the native token for the Theta Network which serves multiple governance tasks. THETA is used to stake as a Validator or Guardian node, with Validator notes run by Google, Blockchain Ventures, Samsung, Sony Europe and Binance, along with a network of community-run Guardian nodes. By staking and operating a node, users earn a proportional amount of new TFuel. Theata is also capable of supporting smart contracts and having new d'Apps on its network, allowing for user to expand their own media and streaming services into the space. The team at Theta Network aims to disrupt the traditional video streaming industry in its current centralized form and rely on a distributed network of users whose contributions are rewarded.
It has a circulating supply of 1 Billion and a total supply of 1 Billion.
Currently is has a market cap ranking of 49 and this is backed by its market cap value of $878,110,986.
The current trading price for THETA is $0.879409, which is down about 94.4% from its all time high of $15.72 on 16th of April 2021.
As per the image below, if THETA managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
Theta has seen a big drop off since trading for around $2 at the beginning of 2021, however it did do nearly 8 times this as it hit its all time high in April of that year. Since the end of 2021 it has been trading downwards, barring a rally in April 2022 which saw it maintain a $4 level briefly. Like the rest of the market, it has crashed and is trading for a fraction of its all time high prices. Since a short rally in August it has teetered around its current price level, showing a very flat like ranging line on the charts. The current consensus is to sell, and while the outlook for the next year is not expecting major growth, that will all depend on the overall direction of the market. It is expected to grow heavily in the long-term, having come through the Version 3.4.0 upgrade at block height 17285755, which supports wrapped THETA (wTHETA) as a TNT20 token at the end of September 2022. They are powering on with their work and while reaching the highs of April 2021 could be a long way out, the consensus among analysts is that THETA is a good long term investment within the space.
Chilliz (CHZ) - CoinGeko Number #54
Chillz is the world’s self-proclaimed leading blockchain fintech provider for sports & entertainment industries. The CHZ token is the native token of the blockchain, and a currency option for products & services geared towards mainstream consumers of the sporting and entertainment industries. The aim is to elevate fan engagement and experience in entertainment, alternative payment solutions for conventional products, and more. Similarly it provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences. The popular Socios.com fan engagement platform was built from the ground up on the Chiliz blockchain, and it allows users to spend $CHZ to purchase branded Fan Tokens from some of the biggest and most renowned sports teams in the world.
It has a circulating supply of 5.3 Billion and a total supply of 8.89 Billion.
Currently is has a market cap ranking of 54 and this is backed by its market cap value of $818,280,381.
The current trading price for CHZ is $0.152831, which is down about 82.6% from its all time high of $0.878633 on 13th of March 2021.
As per the image below, if CHZ managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
All the signs for growth within the CHZ token are positive, as experts are unanimous in their Chiliz forecasts of growth and returns over the next couple of years regardless of the overall trend of the bear market. The Sports and Entertainment industry is an ever growing one and CHZ is primed to take advantage of that, with the assumption that Blockchain will integrate more into society over the coming decade. CHZ would expect to push back towards its ATH prices and possibly beyond, as it has been developing a descending broadening wedge pattern. This typically develops during a downward trend, and widens as the two trend lines that have split from one another. Generally this could be an indication of a bullish reversal in the price action, although the decline could still continue. All in all this is definitely one to watch as the industry it is focused on is primed for further growth and CHZ will look to maximise this.
Decentraland (MANA) - CoinGeko Number #57
Decentraland is a decentralized VR (virtual reality) world that is powered by the Ethereum blockchain. In this virtual world, you can purchase land, build it, monetize, and immerse into the applications and content that is built by other users. What makes this project different from other VR projects is its decentralized nature. Land and in-game currency are powered by the Ethereum blockchain which give users complete ownership and promotes transparency. MANA is the native currency in Decentraland, allowing users to purchase plots of LAND and also pay for goods and services in the Metaversa using this token. Users have the opportunity to permanently own any LAND they purchase as the land titles are all traceable through the blockchain. They would then have total control on any 3D scenes they would like to build on the LAND. Individual parcels of land can be combined into estates to form larger plots of land.
It has a circulating supply of 1.8 Billion and a total supply of 2.19 Billion.
Currently is has a market cap ranking of 57 and this is backed by its market cap value of $730,472,318.
The current trading price for MANA is $0.401177, which is down about 93.1% from its all time high of $5.85 on 25th November 2021.
As per the image below, if MANA managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
Decentraland has been busy throughout 2022, and while its price has tumbled similar to other cryptos from its ATH in late 2021, it has not stopped the progress. The latest updates, including the announcement of Fashion Week in 2023 along with the current festive period of competitions is ensuring the community is keeping active. Like all projects connected to the Metaverse, the future looks bright. While the current consensus is to sell, analysts are prediciting big things for MANA over the coming years with large returns expected on investment. If you are serious about the potential of Metaverse products then MANA is certainly one to get involved in. While I would not encourage anybody to invest in any project, this is definitely one of the projects which seems destined to outlast the bear market and take huge leaps forward over the coming years.
Fantom (FTM) - CoinGeko Number #63
Fantom is an ecosystem which is growing daily along with thousands of active daily users. The main token on Fantom is FTM, which allows its users to send transactions, interact with d'Apps, and create their own apps on the network. Currently there are over 200+ dApps already deployed on Fantom with more expected down the line. All transactions on Fantom are finalized in a second and cost a fraction of a cent, along with making use of validator nodes to form a global, trust-less, and leaderless Proof-of-Stake network. It can process thousands of transactions per seconds and scale to thousands of nodes while also be compatible with the Ethereum Virtual Machine. The network is completely open source and anyone holding 1 million FTM or more can participate as a validator to earn even more tokens.
It has a circulating supply of 2.5 Billion and a total supply of 3.18 Billion.
Currently is has a market cap ranking of 63 and this is backed by its market cap value of $614,613,718.
The current trading price for FTM is $0.241066, which is down about 93% from its all time high of $3.46 on 28th of October 2021.
As per the image below, if FTM managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
FTM token powers Opera and Fantom ecosystem as a whole, with its main use being to become a validator. With the low cost of transactions of Fantom it would seem like a strong project, but there have been issues. Key personnel left the project back in March 2022, as Anton Nell, a senior solutions architect and his colleague Andre Cronje, a prolific developer, leaving caused a 22% price drop. Speculation has not helped to network, but long-term analysts predict good things. The price is expected to rise again, even overtaking its ATH from 2021, but lots of caution should be applied to the optimism. The network will need to prove itself in the space, although it has a strong following thanks to Dapps such as Spookyswap, and if it can onboard more strong projects, Fantom could have a strong future. For now though, I would not be rushing out to invest in it, as there seem to be too many variables around it.
IOTA (MIOTA) - CoinGeko Number #67
Making use of distributed ledger technology, launched in 2015 in Berlin, with IOTA being a ledger which maintains a tally of token ownership between multiple nodes. It allows users to trade and own assets without intermediaries. The structure allows for a collective of independent nodes and this ensures no one entity can control the network via all the nodes. Newer transactions verify the older ones, and unlike a blockchain which requires its state and history to be in blocks chained together, the DLT bypasses this requirement. It is currently still in research, with two public networks. Its mainnet is the stable network which manages the IOTA tokens, while the shimmer is the staging network for the latest protocol updates. Once proven and confirmed on shimmer, they are then moved onto the mainnet, with updates including Stardust and Coordicide in the offing to ensure the decentralisation of the network.
It has a circulating supply of 2.78 Billion and a total supply of 2.78 Billion.
Currently is has a market cap ranking of 67 and this is backed by its market cap value of $577,711,597.
The current trading price for MIOTA is $0.207718, which is down about 96% from its all time high of $5.25 on 19th of December 2017.
As per the image below, if MIOTA managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
This is an interesting project, no doubt about it. First thing of note is the longevity of the project, having survived and emerged from previous bear markets giving it a positive sign. With the Shimmer update and the news on IOTA 2.0 being positive, with further developments and the potential of L1 smart contracts, there is a lot happening with IOTA to be positive about. Due to all of this, the outlook from analysts seems to be very positive in comparison with a lot of other players out there. If IOTA can achieve as it promises, and depending on the conditions of the market at large, it is expect to see substantial growth. Therefore it would seem like an ideal project to keep an eye on and with its current low price, albeit down massively since its high of 2017, it could be worth taking a gamble on.
Klaytn (KLAY) - CoinGeko Number #68
A public blockchain, Klaytn is focused on the metaverse, gamefi, and the creator economy. It was launched in June 2019 and is the dominant blockchain platform in South Korea. Klaytn offers an end-to-end metaverse package that includes customized L2 solutions, SDKs and smart contract libraries, IPFS solutions, wallets, chain explorers, oracles and bridges, as well as an ecosystem of supporting services such as stablecoin integration, NFT marketplaces, tradfi interfaces, and more. Klaytn’s unique take on decentralization is their Governance Council, which is made up of leading global enterprises and DAOs across geographies and industries. They form a compact validator network that is able to deliver the benefits of a decentralized public blockchain while maintaining the performance of a permissioned blockchain. KLAY is the native digital asset that fuels and secures the Klaytn protocol and with every new block, 9.6 KLAY will be minted and issued along with the transaction fee to:
-
Klaytn Governance Council Reward: 34%
-
Klaytn Growth Fund (KGF): 54%
-
Klaytn Improvement Reserve (KIR): 12%
It has a circulating supply of 3 Billion and an infinite total supply.
Currently is has a market cap ranking of 68 and this is backed by its market cap value of $573,913,771.
The current trading price for KLAY is $0.189440, which is down about 95.6% from its all time high of $4.34 on 30th of March 2021.
As per the image below, if XXX managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
A lot of talk about KLAY is that the overall project and value is overhyped and overpriced. At least back along the way when it pushed new ATH in early 2021, although it has been in a steady decline since then. The project is built on a solid idea, and within an interesting market of the crypto space. However, an announcement of a proposed change to the rewards from 9.6 KLAY to 6.4 KLAY in October 2022 saw the value skyrocket by 106%, before settling down at its current value of just below $0.20. Many analysts see bad times ahead, with some predicting lows as much as $0.07 in the years ahead. This could be accurate depending on how long the bear market lasts, but there is a flip side. With this being another project invested in the Metaverse, there is always a suspicion around its function, while it is also one of those that could benefit majorly from a Metaverse boom. It is a risky project and would need further investigation, but could be one worth putting a small gamble on in return for huge rewards. Whether or not that will happen remains to be seen, but certainly one to keep an eye on.
Osmosis (OSMO) - CoinGeko Number #81
Osmosis is a fully customizable AMM that allows developers to create unique liquidity pools along with custom AMMs which can react to market conditions. Built on the Cosmos blockchain, the protocol has an added layer of interoperability and composability thanks to cross-chain transactions through Inter-Blockchain Communication. While most existing AMM's had to work purely on their native blockchain, Osmosis overcame that issue and can execute transactions across different networks seamlessly and efficiently. OSMO is the native token of the protocol and is used primarily for governance and staking.
It has a circulating supply of 490 Million and a max supply of 1 Billion.
Currently is has a market cap ranking of 81 and this is backed by its market cap value of $453,233,883.
The current trading price for OSMO is $0.914358, which is down about 91.8% from its all time high of $11.25 on 4th March 2022.
As per the image below, if OSMO managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
The biggest thing to impact OSMO was the shutting down of the network in June 2022, after developers discovered the exploit and hack which was devouring their product and crashing the value of their token. The critial issue was that some users of Osmosis managed to deposit $5 and withdraw $15 immediately, meaning it would lead to large loses by the creators. All operations were stopped at block #4713064 "for emergency maintenance" and it is likely that the vulnerability occurred in the v9 Nitrogen upgrade of Osmosis DEX codebase. SInce then, the most recent Osmosis v13 upgrade was a success, while back in November 2022 a new frontend was launched for the protocol. The protocol has been strong and running smoothly since the issues back in June, and analysts have a bullish sentiment on OSMO. Assuming there are no further vulnerabilities discovered, the underlying strength of being an AMM capable of transacting smoothly between blockchains will be the catalyst of success for OSMO. A project worth getting involved with if you are a user of the Cosmos blockchain, and certainly one to keep an eye on over the coming years when we emerge from the bear market.
Curve DAO (CRV) - CoinGeko Number #84
Curve Finance makes use of CRV as its native token. This is a part of a complex time-based staking system, where users exchange CRV into veCRV, where veCRV is an internal token intended for governance purpose and has a right to claim the cash flows generated by the protocol. The basis is that:
1 CRV locked for 4 years = 1veCRV
1 CRV locked for 3 years = 0.75veCRV
1 CRV locked for 2 years = 0.50veCRV
1 CRV locked for 1 year = 0.25veCRV
Curve finance intends to have yield farming for all its pools, while on the 14th of August 2020 it rewards its early investors with a token airdrop which was one of the biggest airdrops to have happen at that time.
It has a circulating supply of 650 Million and a total supply of 1.87 Billion.
Currently is has a market cap ranking of 84 and this is backed by its market cap value of $433,756,626.
The current trading price for CRV is $0.665336, which is down about 95.7% from its all time high of $15.37 on 14th of August 2020.
As per the image below, if CRV managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
Having previously been called one of the most promising DeFi projects around, Curve has seen a fall from grace since it hit its ATH in 2020. They saw a large rise in price in December 2022, around 50% rise in a day, which was the result of a short attack via Aave protocol. It came about when Avraham Eisenberg, a trader reported to have been involved in October’s Mango Markets attack, of having a $17m short position on CRV. Clearly the protocol survived the short attack and managed to increase its value in the holding, but it shows the ruthless nature of the crypto market currently. Many are prediciting tough times ahead for CRV, with analysts predicting a further fall in price from its current $0.67. While I am a big fan of curve and what it has to offer, I would also apply caution towards it. Like many projects, it can be better to ensure it survives the current bear market before looking to invest, although the current prices do make for a strong argument towards acquiring some CRV for the long run.
Mina Protocol (MINA) - CoinGeko Number #85
In June 2017 a new project to create an open source layer one protocol that can deliver on the original promise of blockchain—true decentralization, scale and security was started by O(1) Labs. Mina offers this through the use of advanced cryptography and recursive zero knowledge technology. It is now stewarded by the Mina Foundation, growing its community and ecosystem worldwide. In March 2021 the network successfully launched its mainnet. Developers can build powerful zkApps, or decentralized apps based on zero knowledge, so their users can take advantage of dapps without compromising their privacy or security. The MINA token is the native token of the blockchain and allows its users to interact, create, and transact by using this token.
It has a circulating supply of 770 Million and a total supply of 983 Million.
Currently is has a market cap ranking of 85 and this is backed by its market cap value of $433,306,504.
The current trading price for MINA is $0.560660, which is down about 93.8% from its all time high of $9.09 on 1st of June 2021.
As per the image below, if MINA managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
The Mina Foundation was inviting developers to become involved in the next stages of zkApp development back in November 2022, as they push ahead and progress with their plans for strong decentralized apps based on zero knowledge. They put up rewards of up to 250,000 MINA to entice developers to make use of their protocol, with over 2500 developers having joined. It is a positive sign for the project, and should reap benefits in the long term if more and more projects get developed via Mina Protocol. Analysts seem to agree, with many forecasting large returns over the coming year and beyond. Of course the overall state of the market will come into play, but the positive feeling around the protocol could make it a solid investment option, although of course more research should be done before investing. Certainly a good looking project worth watching as it progressing.
Nexo (NEXO) - CoinGeko Number #94
Created in 2018, Nexo strives to bring professional financial services to the world of digital assets. The Nexo ecosystem allows people to harness the value behind their crypto assets which providing purchasing and Fintech services. The NEXO token is the native token of the ecosystem, meaning borrowers and lenders on the protocol earn more competitive rates if the hold NEXO. They can also earn interest on their NEXO tokens while it enables free withdrawals of a users crypto assets. The Nexo Exchange is where users can purchase / sell crypto and cashback incentives are given on transactinos to those who hold the NEXO token.
It has a circulating supply of 560 Million and a total supply of 1 Billion.
Currently is has a market cap ranking of 94 and this is backed by its market cap value of $373,570,174.
The current trading price for NEXO is $0.666264, which is down about 83.6% from its all time high of $4.07 on 12th of May 2021.
As per the image below, if NEXO managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
There has been a lot of rumours that NEXO will be the next to fall after FTX, supposedly with its outstanding risks and debts greater than its current assets. To guarantee the security of the assets, Nexo stores the assets with BitGo, so the tokens are kept in cold storage wallets and covered with $100 million insurance. This in itself would lend some assurance to the viability of NEXO, with the protocol having added Ethereum smart staking along with updating the user interface of their website. All in all the project is far from dead in the water as some would have liked to believe, with analysts even predicting a strong future for NEXO over the coming years. It is one I would take with caution, and certain seems like an interesting one to watch.
Stacks (STX) - CoinGeko Number #95
Stacks is a layer for Bitcoin which would enable users to make use of smart contract features, which includes DeFi, NFTs and other apps in a Bitcoin L2. Users hold and temporarily lock their STX, which is the Stacks’ native currency, and this helps to support the network’s security and consensus. They are then rewards in Bitcoin, with over 2000 bitcoin having been distributed in consensus rewards so far. it makes use of the proof of transfer consensus mechanism to ensure that Stacks and Bitcoin are connected, which in turn allows for the use of DeFi, NFT's, and other smart contract features without the need to wrap Bitcoin and move it to a different blockchain such as Ethereum. This also ensures that Stacks shares Bitcoin’s long-term, unparalleled security for transaction reorgs. NFTs created on the Stacks blockchain are created with Clarity smart contracts, and these NFTs are secured by Bitcoin. Marketplaces are enabling Lightning and Bitcoin payments and bitcoin yield-generating NFTs powered by Stacking are rounding out exciting new possibilities in the NFT space.
It has a circulating supply of 1.3 Billion and a total supply of 1.35 Billion.
Currently is has a market cap ranking of 95 and this is backed by its market cap value of $368,200,592.
The current trading price for STX is $0.273161, which is down about XXX from its all time high of $3.39 on 1st of December 2021.
As per the image below, if STX managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
With their blog keeping users up to date with the goings on of STX, the most recent updates have focused on the development grants along with their commitment to transparency following the recent market turmoil. Having not been directly impacted by FTX and Alameda and are focused on developing further into the Web3 space. Their collaborators and companies making use of STX is listed, which helps to inspire confidence in the Bitcoin L2 organisation. The growth of the project is predicted by analysts over the coming years, with positive signs associated with STX. A transparent team and project is always worth keeping an eye on, and assuming they achieve their overall goal for bringing Bitcoin into DeFi and smart contract features, it could be a solid project to get on board with.
1 Inch (1INCH) - CoinGeko Number #98
A decentralized exchange, 1inch helps users to discover the best trade prices for tokens across a multitude of exchanges. Instead of swapping tokens from a single liquidity pool of a DEX, 1inch will aggregate across different pools and suggest the most efficient way to trade tokens. This helps users to make the most of the best availability liquidity across different DEXes for prices, and when trading large quantities, every percentage of savings can be magnified with an optimal trading path. It was founded by Sergej Kunz (CEO) and Anton Bukov (CTO), with the idea developing from a hackathon in just over 60 hours at New York City. The 1INCH token is the native token for the DEX.
It has a circulating supply of 760 Million and a total supply of 1.5 Billion.
Currently is has a market cap ranking of 98 and this is backed by its market cap value of $344,515,622.
The current trading price for 1INCH is $0.449980, which is down about 94.8% from its all time high of $8.65 on 27th October 2021.
As per the image below, if 1INCH managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
One of the better know DEX's out there, 1inch has gone from strength to strength since its development. They have a wallet, bug bounties, and consistent updates to their protocols. With the recent tarnished reputations of the CEX's due to FTX etc, the DeFi could be a safe bet heading into the next year of crypto and beyond. All indications are for 1inch to emerge from the bear market in a strong position, with its token gaining in value as users return to the space in abundance. Many analysts are predicting an increase and push towards a $1 value and beyond over the coming years, which could in time see DeFi explode once more and 1inch capitalising on this while its token pushes towards the ATH of 2021. Definitely an interesting project and one to watch.
Basic Attention (BAT) - CoinGeko Number #99
BAT is the token most commonly associated with the web browser Brave. Built on the Ethereum blockchain, it is an incentive token built into the browser to reward users in the ecosystem, the user, advertiser and publisher. The function of the token is advertisers pay for their ads via BAT tokens, and those same tokens are then redistributed amongst users for viewing those ads. Brave Web Browser was first founded in 2015 by web pioneer Brendan Eich and CTO Brian Bondy. Following that, Brave browser launched in 2016 with its key feature of ad and tracker blocking. The token was launched on 31st of May 2017, raising 35 million dollars in the process. Brave’s advertisements are privacy centric meaning they do not track the user, and are opt-in only. Publishers also receive a share of the BAT if they are able to retain quality users, while advertisers get better returns on their advertising funds by being able to reach quality audiences who are willing to pay attention to ads.
It has a circulating supply of 1.5 Billion and a total supply of 1.5 Billion.
Currently is has a market cap ranking of 99 and this is backed by its market cap value of $338,203,213.
The current trading price for BAT is $0.226131, which is down about 88.1%from its all time high of $1.90 on 28th of November 2021.
As per the image below, if BAT managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
Brave browser and BAT have been very busy in 2022, having seen the rollout of the in browser wallet along with recent updates that saw its inaugural Solana NFT collection, BAT x Adam Ape for Brave launched in November 2022. They also added privacy-preserving ads as part of a global beta program in Brave Search. Ads will give users the option to use our independent search engine with ads that don’t track them, or to sign up for ad-free paid search. The future looks bright for this project, which has withstood the test of time. There have been allegations that the browser is not quite doing all it claims, such as the privacy side of things, but users still make use of brave for the rewards. In terms of BAT, the distribution got changed once the bear market onslaught took hold, meaning users earned much more BAT then previously due to its value. This has seen people able to stock up more on BAT and if prices increase again, as expected in the next bull market, then the value stored up now could be well worth it down the line. Whether or not the coin will reach those levels again is debatable, but while the short term outlook could see further drops in price, the overall long-term view according to analysts is a positive increase in the value of BAT. Definitely a crypto to recommend, even if not to buy, but instead earn by making use of Brave Browser.
BitDAO (BIT) - CoinGeko Number #100
BitDAO is a Decentralized Autonomous Organization, whose vision is open finance and a decentralized tokenized economy. It is a a protocol governed by BIT token holders, and is welcome to all. They aim to provide R&D resources, liquidity, and funding to things such as the development of decentralized technologies including DeFI, governance, layer 1 or layer 2 , privacy, and NFTs. They are not a company, instead they are a collection of token holders who agree to be governed by a set of smart contracts on the blockchain. The levels within the DAO are community member, contributor, partner, token holder, and each level comes with its own benefits within the organization.
It has a circulating supply of 1.1 Billion and a total supply of 10 Billion.
Currently is has a market cap ranking of 100 and this is backed by its market cap value of $334,469,216.
The current trading price for BIT is $0.312247, which is down about 89.9% from its all time high of $3.10 on 12th of November 2021.
As per the image below, if BIT managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:
Verdict:
BitDAO is one of the more interesting ones in this list, ranking 100th but certainly with plenty of scope and potential for growth. They are associated with the likes of Game7, ZKDAO, and ByBit, strong partners in the crypto space. However they were heavily affected by the Alameda as a previous agreement not to sell tokens associated with the BitDAO blockchain project for at least three years can into the spotlight. There will be plenty more fallout from the FTX scandal, and while BitDAO has survived thus far it was heavily shaken in price at the time of the FTX collapse. The outlook is somewhat positive for the worlds largest DAO, as many believe they have the potential to deliver on their promises. It is certainly a project worth watching, as if this DAO is successful it could mean large returns for its token holders and members.
That's it for Coins / Tokens under $1 in the top 100 on Coin Gecko. While their standing may have altered since this was written, these are some of the main players in the crypto space for such minimal prices. There are thousands of others further down the list, and while I will not delve into them, there is certain to be some gems hidden amongst the masses.
*Finally, this is not financial advice and I am not advocating for anybody to invest, or not to invest, in any of the above.*
Have a great day.
Peace. CryptoGod-1.
Referral links:
Publish0x - https://www.publish0x.com/?a=olejZqrzej
Splinterlands - https://splinterlands.com?ref=rnabc1
Upland - r.upland.me/NQAH
Binance - https://accounts.binance.com/en/register?ref=143611368
NFT Market Sales
Opensea - https://opensea.io/RNabc
Follow Me :)
Twitter - @RNabc123
