Let's Look at Crypto! Coins / Tokens under $10

Let's Look at Crypto! Coins / Tokens under $10 - Part 1


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 $10. 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. I will be doing this instalment in two parts due to the amount of coins / tokens included.

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:

Coins / Tokens under $0.01

Coins / Tokens under $0.10

Coins / Tokens under $1

 

 

Polkadot (DOT) - CoinGeko Number #11

Polkadot is a blockchain platform and DOT is the native cryptocurrency. It is designed to allow blockchains to exchange messages and perform transactions with each other without a trusted third-party, while it unites and secures a growing ecosystem of specialized blockchains called parachains. It is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Apps and services on Polkadot can therefore securely communicate across chains, forming the basis for a truly interoperable decentralized web. Polkadot also allows for cross-blockchain transfers of any type of data or asset, not just tokens. The chains remain independent in their governance, but united in their security while consuming a small fraction of the energy used by conventional blockchains.

 

It has a circulating supply of 1.2 Billion and a total supply of 1.26 Billion.

Currently is has a market cap ranking of 11 and this is backed by its market cap value of $6,364,674,910.

The current trading price for DOT is $5.37, which is down about 90.2% from its all time high of $54.98 on 4th of November 2021.

As per the image below, if DOT managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

f52f5981394cf2eaa9cfa3ee8c26d33de7a43a80724080ae632fcf32ec0b55f5.jpg

 

Verdict:

The general consensus for DOT is good, having seeing a sharp decline since its ATH back in late 2021, but maintaining itself in the top end of the crypto rankings. As with most cryptos, their price has dropped dramatically during the current bear market, but they have not stood still. In late November 2022 Polkadot implemented the v0.9.33 upgrade, which was part of the series of upgrades that developers of the Layer 0 blockchain scheduled to implement in the last quarter of the year and into 2023. Included with these upgrades are parachain scalability, parachain development, relay-chain governance, cross-chain communication, common-good parachains, bridging to other ecosystems, and staking. These should have major impacts on the ability of Polkadot down the line, and in essence will ensure it remains a driving force in the crypto space. Analysts are predicting strong growth for DOT over the coming years, with sustained growth over the coming years. Of course the overall conditions of the market will have a major impact, but DOT is primed to see out the crypto winter and emerge stronger than ever.

 

 

Uniswap (UNI) - CoinGeko Number #19

Uniswap is a DEX that makes it easy for users to swap an ERC-20 token for another ERC-20 token without the need of a centralized intermediary, having been launched in November 2018 by Hayden Adams. The Uniswap Protocol is an open-source protocol for providing liquidity and trading ERC20 tokens on Ethereum. Users connect to the DEX via a wallet such as MetaMask and by having some Ether in their wallet for gas fees, they can interact and transact on the protocol. It works by using an Automated Market Maker (AMM) where Liquidity Providers (LP) deposit tokens into the smart contract and this liquidity then provides a price quote to traders without relying on any professional market makers. In basic terms this means it is a collection of smart contracts that define a standard way to create liquidity pools, provide liquidity, and swap assets in a decentralized manner.

 

It has a circulating supply of 750 Million and a total supply of 1 Billion.

Currently is has a market cap ranking of 19 and this is backed by its market cap value of $4,618,815,415.

The current trading price for UNI is $6.16, which is down about 86.4% from its all time high of $44.92 on 3rd of May 2021.

As per the image below, if UNI managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

f920ae9673b3975ebb8f2a74af00bb61c9acaffa77edc8220e7e40f3ebc9b476.jpg

 

Verdict:

Uniswap saw major growth and hit its ATH back in May 2021, likely spurred by the general market sentiment but also through the exciting developments in the Uniswap protocol itself, which went through a major upgrade the same month. With Uniswap V3 the go to location for DEX swaps on Ethereum, the organisation launched permit2 and universal router smart contracts back in November 2022. These allow token approvals to be shared and managed across different applications to create  a more unified and cost-efficient UX, while also allowing users to swap multiple tokens and NFTs in one swap while saving on gas fees. This could have a major impact on UNI going forward, as the benefits are clear in the saving of GAS fees. Analysists see a bright future for the DEX, and assuming it can maintain its improvements, there could be a case to be made for the token breaking its ATH in the coming years. This will of course all depend on the overall market conditions, but things are looking positive.

 

 

LEO Token (LEO) - CoinGeko Number #21

Bitfinex was established in 2012 as a peer-to-peer Bitcoin-focused exchange, and LEO Token (LEO) is the utility token intended for the use on its exchange and other trading platforms managed by its parent company iFinex. It was launched in May 2019 and made headlines as it surged into the top ranking cryptos. LEO token is supposed to make the platform it runs on a more attractive option for its holders by introducing a whole range of planned benefits for them including the reduction of fees for trading, improving business prospects, and that up to 25% of trading fees will be deducted first in LEO, provided that the trader holds these tokens. It has been called similar to BNB of Binance as it surged towards the top 10 cryptos in June 2019. Token burns are also supposed to occur on a monthly basis.

 

It has a circulating supply of 930 Million and a total supply of 985 Million.

Currently is has a market cap ranking of 21 and this is backed by its market cap value of $3,505,422,760.

The current trading price for LEO is $3.76, which is down about 53.9% from its all time high of $8.14 on 8th of February 2022.

As per the image below, if LEO managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

479b5469ce27526b89fcb0b34a6dc5ab48e82855bd80e1856b396c3ef5ef8198.jpg

 

Verdict:

Bitfinex upgraded its support of Solana Program Library in late November, as they maintain pace in the exchange space and look to move forward into 2023 with gaps in the market to fill, such as that of FTX. They released a proof of reserves in November when the fiasco hit, listing a total of 135 cold and hot wallet addresses. Within they listed down some of the company’s significant holdings, which included 204,338 Bitcoin and 1,225,600 Ether. With confidence in the exchange the hope will be for LEO to take off once more in the coming years, with the aim of growing with the market as it emerges from the crypto winter. The analysts predictions for LEO are positive, with many seeing it pushing back towards its ATH over the next 12 months with the assumed growth in the market. It certainly seems like an interesting one to watch.

 

 

Chainlink (LINK) - CoinGeko Number #22

Chainlink is a framework for building Decentralized Oracle Networks (DONs) that bring real-world data onto blockchain networks, enabling the creation of hybrid smart contracts. Basically what this means is they are a provider of price feeds and other data for blockchains to feed into their own smart contracts. It aims to ensure that the external information (pricing, weather data, event outcomes, etc.) and off-chain computations (randomness, transaction automation, fair ordering, etc.) fed to on-chain smart contracts are reliable and tamper-proof. It was developed by ChainLinkLabs, which was founded in 2014 by Sergey Nazarov and Steve Ellis.

 

It has a circulating supply of 490 Million and a total supply of 1 Billion.

Currently is has a market cap ranking of 22 and this is backed by its market cap value of $3,453,974,125.

The current trading price for LINK is $6.98, which is down about 86.7% from its all time high of $52.70 on 10th of May 2021.

As per the image below, if LINK managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

6946d3e53a050bd0dd0461dd5b7eb33eb9962368071aebd534572cd576a1db6a.jpg

 

Verdict:

The recent staking program v0.1 initiated by Chainlink in early December 2022 has a large uptake, which in itself is a sign that the protocol is alive and well. The large uptake may have in part been due to the large APR associated with staking, but by getting the public in their network will be secured for the developments ahead. For now, the current bear market seems like it will continue pushing LINK into a downtrend, with the potential for it to fall even further. However, the long term outlook from analysts is that LINK should be look to push towards its ATH and break beyond it over the coming years, that the token will soon try to recover once the bear phase ends in the crypto market. Its an interesting project and still clearly popular, with its incentives potentially helping to draw in new users and create more appeal. Definitely one which looks strong to emerge on the other side of the bear market.

 

 

Cosmos Hub (ATOM) - CoinGeko Number #24

The self proclaimed Internet of Blockchains, Cosmos is a rapidly expanding ecosystem of independent interconnected blockchains built using developer-friendly application components and connected with ground-breaking IBC (Inter-Blockchain Communication) protocol and began back in 2014 when Jae Kwon applied Byzantine Fault Tolerance to proof of stake public blockchain context. From there it developed until the Cosmos Hub was started on March 13th, 2019. Currently there are over 266 apps and services on the Cosmos Hub, with interoperability and autonomy the key focus of the project. Developers have the ability to build entirely autonomous application-specific blockchains that can easily interconnect, meaning that unlike other leading blockchains today, they are no longer forced to exist as smart contracts on someone else's chain. ATOM is the native token of Cosmos, and is required to approve smart contracts on the network, interact and create, while also a stakable asset to earn additional tokens. 

 

It has a circulating supply of 290 Million and an infinite total supply.

Currently is has a market cap ranking of 24 and this is backed by its market cap value of $2,872,570,222.

The current trading price for ATOM is $9.74, which is down about 77.9% from its all time high of $44.45 on 17th of January 2022.

As per the image below, if ATOM managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

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Verdict:

Cosmos released a new roadmap, dubbed roadmap 2.0, in September 2022 as they looked at ways to propose major expansions to the utility of the Cosmos Hub. It outlined how the role for the Hub would become the heart of interchain security, basically meaning other chains would be able to use it to secure their own networks. Along with that up to 4 upgrades;

  • v8-Rho Upgrade in Q1 2023
  • v9-Lambda Upgrade in Q1 2023
  • v10-Epsilon Upgrade in Q2 2023
  • v11-Gamma Upgrade in Q3 2023

will see major updates and upgrades to the hub on a wider scale. The white paper also introduces mechanics aimed toward accruing value to ATOM, the Cosmos Hub’s native token. This will be a positive move, as the developers see chains that choose to borrow the Hub’s security will inherit the security of the ATOM token as part of an economic community. They also plan to develop liquid staking for the ATOM token, which will allow it to garner even more value. All in all things look bright for ATOM, and analysts are predicting steady growth for the token and the "internet of blockchains" over the coimg years. Solid project I would definitely recommend looking more into if you are serious about investing in crypto.

 

 

Toncoin (TON) - CoinGeko Number #25

Toncoin was founded in 2019 and is a part of the Pen Network, and is an inherint of Telegram as a fast, secure and scalable blockchain which is capable of handling millions of transactions per second while being both user and service provider friendly. The Open Network is made up of the flexible multi-blockchain platform which means there is a master chain along with multiple working blockchains, a peer-to-peer network for accessing the network, and distributed file storage technology. TON is the native token of the Open Network, which allows users to interact and transact with the network while sending transactions to peers. The TON approach to sharding is bottom-up, meaning it is unique in its approach compared to most top-down sharding applications. 

 

It has a circulating supply of 1.5 Billion and a total supply of 5.06 Billion.

Currently is has a market cap ranking of 25 and this is backed by its market cap value of $2,687,612,727.

The current trading price for TON is $1.82, which is down about 65.6% from its all time high of $5.29 on 12th of November 2021.

As per the image below, if TON managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

e5209a9372847668a31e5dfad4687966ed850ba6b1c29fbbcbe500bb39dda472.jpg

 

Verdict:

The Telegram-backed token TON has seen a surge of roughly 50% in the past week which is seemingly backup up by the number of its wallet holders continue to increase. With the crypto market in the midst of crypto winter, this is a very strong showing for the network and will give further backing to the feelings that crypto will emerge stronger from this bear market. This could also be a direct result of more users looking to withdraw their crypto from centralised exchanges and therefore requiring secure wallets. It may also be part of the overall rise in crypto prices over the previous days, but the fact TON can back this up with increased wallet users is what will give people security and confidence in the project. It is certainly one to watch and looks like its connection with Telegram, where users can send Toncoin over the Open Network, will only help it to grow and increase in value.

 

 

Filecoin (FIL) - CoinGeko Number #33

Filecoin was launched in August 2017 and is an open-source cloud storage marketplace, protocol, and incentive layer. It has its own public cryptocurrency and digital payment system which are part of its intention to be a global blockchain-based cooperative digital storage and data retrieval method. It was created by Protocol Labs and shares some ideas from InterPlanetary File System, basically meaning that users are able to rent out unused hard drive space. Users of Filecoin pay to store their files on a variety of storage providers, which are computers responsible for storing files and proving they are capable of storing the files correctly over time. Anyone is able to be a part of the community, from storing files to paying for the storage of files. The amount of available storage, along with the price of that storage, is part of an open market for storing and retrieving files.

 

It has a circulating supply of 330 Million and a total supply of 1.97 Billion.

Currently is has a market cap ranking of 33 and this is backed by its market cap value of $1,486,461,240.

The current trading price for FIL is $4.41, which is down about 98.1% from its all time high of $236.84 on 1st of April 2021

As per the image below, if FIL managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

a9fcf1fe612402529c4ac1d3d63323eb1da99869403b217216402dc8abb2f7a5.jpg

 

Verdict:

The team at Filecoin have recently announced Space Warp, a Filecoin virtual machine on EVM runtime (FEVM) will be arriving in February 2023. Developers will be able to deploy user-defined smart contracts on top of Filecoin’s blockchain and storage network while writing them in Solidity. They will also be able to deploy them using the many EVM-compatible developer tools that web3 builders know and love. The current sentiment on FIL is still bearish, similar to the state of the current market, with many analysts thinking it could see further drops in price before eventually regrouping and picking itself up. As data storage is an inherently important are of the market one can never write off a project like this, however it is very open to other similar projects emerging in the area and creating competition for market space. Assuming it can reassume itself as the main player in this particular zone of crypto, FIL could see plenty of growth over the coming years. It is a tough one to fully back, but certainly an interesting risk to consider with plenty of potential rewards to be made.

 

 

ApeCoin (APE) - CoinGeko Number #34

Part of the famed Bored Ape Yacht Club NFT collection, Ape Coin was introduced by the APE Foundation, who are the stewards of ApeCoin. It is a base layer for those who hold ApeCoin as part of the ApeDAO to build, and is designed to become more decentralized over time. ApeCoin is an ERC-20 governance and utility token which does not expose any token burning capability so the total supply will never decrease. Tokens were allocated from the 17th of March 2022, with Holders of Bored Ape, Mutant Ape, and Kennel Club NFTs eligible for 15% of the total ApeCoin token supply as a reward for owning the NFTs. As part of the foundation, DAO members vote annually to keep existing or appoint new Board members.

 

It has a circulating supply of 360 Million and a total supply of 1 Billion.

Currently is has a market cap ranking of 34 and this is backed by its market cap value of $1,443,833,629.

The current trading price for APE is $3.93, which is down about 85% from its all time high of $26.70 on 28th of April 2022.

As per the image below, if APE managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

2787bc01bce7f1ea11e49e5a7403a47f4d9972523901c6f956cff53c165adf5d.jpg

 

Verdict:

Apecoin released its staking feature in early December 2022, in a system developed by Horizen Labs. The amount staked has reached 24.3 Mil., 9.1 Mil. & 1.9 Mil. in the BAYC, MAYC & BAKC pools respectively. This followed on from the announcement and launch of the ApeDAO marketplace, as users can stake there and make use of non-fungible token (NFT) metadata integrations. All in all the ApeDAO is looking to maintain and ensure the longterm growth of ApeCoin, albeit there were some initial rumblings of how could the APE coin maintain high APR values and "rugpull" calls. This will remain to be seen, but for now the community of BAYC and APE is strong, meaning even the most sceptical of us would find it difficult to write off this coin. Its potential for growth will depend on how focused they remain on their community adoption, but analysts see positive signs in the the community that is currency building at the forefront of web3. Strong upward trends are expected once the bear market settles and the popularity of NFTs return, so certainly one to watch. However, as with any popular artistic movement, there is always another one around the corner waiting to take their spot.

 

 

NEAR Protocol (NEAR) - CoinGeko Number #35

Illia Polosukhin and Alexander Skidanov began  NEAR.ai to explore program synthesis back in 2017, which lead to the current day version. NEAR Protocol (NEAR) is a blockchain-based decentralized application platform to power the future open web and serves as a collective, a foundation, and a development platform. It is a sharded, proof-of-stake, layer-one blockchain which is scalable. Its ecosystem consists of a vast number of applications, infrastructure and support built by an ever-expanding network of developers, entrepreneurs and creatives. The NEAR token empowers both creators and developers by allowing developers to earn 30% of the fees their contracts generate, while network participants earn rewards for validating transactions or providing storage.

 

It has a circulating supply of 840 Million and a total supply of 1 Billion.

Currently is has a market cap ranking of 35 and this is backed by its market cap value of $1,436,357,893.

The current trading price for NEAR is $1.70, which is down about 91.6% from its all time high of $20.44 on 16th of January 2022.

As per the image below, if NEAR managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

4b239f7d8dc1cf2cb12f92c0cff23157e2b74e178ab0b89e0fd3cfcf0be10250.jpg

 

Verdict:

The latest news out of NEAR Protocol saw MetaMask, Infura and more Ethereum Tools update to work on NEAR, allowing more users access to the features of the Protocol. Earlier in the year they brought JavaScript SDKs for NEAR, meaning more than 20 million developers would gain access to create with NEAR Protocol. They have also gained new partners, including in Gaming, as NEAR looks to expand across a variety of sectors. The NEAR platform is still developing, although it has a strong backing and community, its functionality is not yet completely launched. Other than the ecosystem’s development, general market sentiments and demand-supply will likely have the greatest impact the price of NEAR in the future, meaning analysts have long term hope for the value of the project, however the sentiment in the short term in certainly aligned to the bearish side of things. An interesting project for sure, and scope to develop, however it is also a risk of being left in the dust but other competitors who are more developed to date.

 

 

Internet Computer (ICP) - CoinGeko Number #37

The Internet Computer, and its native token ICP which was launched in May 2021, is the only general-purpose blockchain that runs decentralized apps at web speed. Its Protocol runs on servers with standardized hardware which are distributed globally and hosted in independent data centres to ensure fault tolerance and decentralization. It aims to constantly improve and evolve at a rapid pace via regular roll-outs of software updates which boost performance, iron out bugs, and introduce entirely new capabilities. Token holders can stake their ICP tokens and in doing so they can participate in voting about every aspect of the IC, which in essence puts the ICP stakers in full control of the protocol. The tokens also power computation on the IC by converting ICP tokens to cycles, which are consumed when running decentralized apps.

 

It has a circulating supply of 270 Million and a total supply of 493 Million.

Currently is has a market cap ranking of 37 and this is backed by its market cap value of $1,210,957,786.

The current trading price for ICP is $4.41, which is down about 99.4% from its all time high of $700.65 on 10th of May 2021.

As per the image below, if ICP managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

9918a605da85a5a521e007c3c62d497a460a155daddfcc57d22b0a047cd5b62b.jpg

 

Verdict:

Thanks to its mainnet integration with the world’s largest and most famed cryptocurrency, ICP has recently been able to bring smart contracts to the Bitcoin network. As the world’s first internet-scale public blockchain it is a major move which is bound to have a long term impact on the value of ICP, while also proving its worth and function by making Bitcoin more in tune with the ability of other cryptocurrencies, such as Ethereum. It was also announced that users will be able to hold SHIB and Doge natively on the network thanks to Chain Key ECDSA, meaning no need for bridges. The not for profit group have had a difficult time since their booming entry into the crypto space followed by a massive drop off. These latest moves could help to restore some belief and faith into the project, which had become somewhat of a meme in the space for its name alone. While it will likely never reach its high of 2021 again anytime soon, it is predicted to make progress in 2023, with analysts believing it could push towards $10 and beyond. A lot could depend on how its deployment of smart contracts on Bitcoin pans out, but the signs are positive so far. Personally, it is a coin I have steered clear of since its launch, mainly due to its massive fall in value. However, it could be an interesting choice for the long term as it continues to grow and develop. Certainly one to keep an eye on.

 

 

EOS (EOS) - CoinGeko Number #39

EOSIO is a leading open-source platform for blockchain innovation and performance which is utilized by businesses and developers around the world to create secure, transparent, and deterministic digital infrastructures. It is considered an open-source platform that provides industry-leading transaction speeds and a sub-second block time latency rate, allowing developers to perform transactions at a lower cost through efficient resource management. It facilitates smart contracts along which can be upgraded and is uniquely built on C++. The EOS token is the native token of the ecosystem, and the entire project was developed by the private company Block.one and launched in 2017.

 

It has a circulating supply of 1.1 Billion and an infinite total supply.

Currently is has a market cap ranking of 39 and this is backed by its market cap value of $1,143,268,398.

The current trading price for EOS is $1.05, which is down about 95.4% from its all time high of $22.71 on 29th of April 2018.

As per the image below, if EOS managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

c1a18f142a932dbe9c5009e379aa533b66b074fa0a8ee6f8ae0b361b9e320180.jpg

 

Verdict:

While EOS can claim to be one of the longer lasting cryptos, there is also a worry creeping in that it did not surpass its ATH of 2018 in the 2022 bull market. Instead it reached a price of around $14, which is respectable, however nowhere near its previous highs. That came on the back of Block.one announcing that it had created a new subsidiary, Bullish Global, with more than $10 billion in funding. It does, however, have an incredibly dedicated community and a non-profit dev team. Its stauts as a top 50 coin over an extended period of time should not be sneered at, but the short term preditction from analysts is not favourable. It is not seen as a coin which would be a profitable asset in short term. The expectation is that it will not take off like other coins generally do once the bear market ends, instead it is expected to make steady but slow growth. It could be in a position to 10x over the next couple of years depending on the overall market sentiment, but it seems unlikely to push towards or beyond its ATH anytime soon. All in all, it does not seem like a coin worth investing in unless you are firmly onboard with the foundation behind it.

 

 

Axie Infinity (AXS) - CoinGeko Number #46

Axie Infinity, launched in March 2018, is a blockchain based game where players have the ability to battle, collect, and build a digital kingdom for their pets. The native token is AXS, and holder of AXS are able to claim rewards for staking their tokens, playing the game, and participating in key governance votes. It is an ERC 20 governance token for the Axie universe and the holder are capable of shaping the future of Axie Infinity by voting for their support of upgrades to the ecosystem and directing the use for the funds held in the Community Treasury.

 

It has a circulating supply of 110 Million and a total supply of 270 Million.

Currently is has a market cap ranking of 46 and this is backed by its market cap value of $925,979,207.

The current trading price for AXS is $8.00, which is down about 95% from its all time high of $164.90 on 6th of November 2021.

As per the image below, if AXS managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

e8e2952eca41027d95c6407dd7ed788c2ccd8009e4e04670ae395e19a8ce179b.jpg

 

Verdict:

Axie Infinity saw its first ever AxieCon event held in Barcelona in late 2022, with a large uptake and plenty of new players onboarded. The development team has not stopped there, with the plan being to release a Land Alpha for landholders in Q4 2022 along with making the six body parts of Axies entirely upgradable. During AxieCon, they showed off some of the work-in-progress art for part upgrades. Axie cosmetics and accessories were also displayed, with the overall aim of making them one of a kind characters within the universe. With Season 1 of origins also launched, where ERC-1155 runes/charms are now fully introduced into the game, their largest and deepest prize pool yet has also been added to Season 1. It is exciting times for Axie, but the current market is still showing bearish signs. Its value sits well below its ATH and seems like a long leap to get back to those figures, with analysts predicting slow and steady growth towards $50, $60, and $70 levels over the next few years. This could all change depending on the overall market, but assuming Axie can continue as a leading blockchain game, it seems like a good project, and fun one, to get involved with.

 

 

Tezos (XTZ) - CoinGeko Number #47

Tezos is an open-source platform for assets and applications that can evolve by upgrading themselves, as part of an overall blockchain network. It has a vast and fast growing amount of users, which consists of validators and regular users; with the validators helping to secure the network and validate transactions. It has a number of smart contract templates available which are created in the Ligo language, and as part of the ecosystem there is DeFi and D'apps available, including a strong network of NFT's. XTZ is the native token of the blockchain which allows users to interact and transact across the blockchain.

 

It has a circulating supply of 910 Million and an infinite total supply.

Currently is has a market cap ranking of 47 and this is backed by its market cap value of $912,204,273.

The current trading price for XTZ is $1.00, which is down about 89% from its all time high of $9.12 on 4th of October 2021.

As per the image below, if XTZ managed to increase to a market cap at the same level as Bitcoin or Ethereum, it would be worth:

ed16ff3eeea6e87f01965f0e3af12b2bfe66bd92a898f463be145ae1a573aa51.jpg

 

Verdict:

Tezos has recently announced its launch on Coinbase in Japan, as the crypto looks to break into a key Asian market. Its needs to develop further is accompanied by the overall fall in the NFT space, where Tezos had become a leading player against the likes of Ethereum. Snoop Dogs son has recently launched an NFT foundation on Tezos worth $1 million, known as Champ Medici, and is aimed at inspiring and upcoming artists, all done in partnership with the Tezos Foundation. However, the predictions on Tezos growth remain quite bearish, with many analysts seeing it remaining in a low market price for the long term. It is predicted to make minor moves and growth but nowhere near its recent ATH of 2021. While this could all change depending on the market at large, Tezos seems like the kind of network where you are either completely engrossed in it or not. Therefore, I would be hesitant to recommend it unless you really believe in the ecosystem, and any potential investor should definitely delve more into learning about it first.

 

 

 

 

That's it for Coins / Tokens under $10 - Part 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.

 

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cryptogod-1
cryptogod-1

Writer, designer, creator, and life enthusiast. I love to read and write and enjoy sharing my passion for crypto, sports, literature and everything and anything I can enjoy in life.


CryptoGod-1 : Crypto & Blockchain
CryptoGod-1 : Crypto & Blockchain

Enthusiast here looking to share my ideas, thoughts, analysis, and experience when it comes to all things crypto

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