It’s been a tough few months for small cap projects in the crypto space, but depending on your patience and tolerance for volatility, it might be time to “buy the dip.”
Here’s some ideas on where to look first in the high-risk, under $100M market cap area:
DEFI
*Liquity - $LQTY*
Cap = $42M per https://www.coingecko.com/en/coins/liquity
When it comes to decentralized finance, this project checks all the boxes. Even the frontends for the contracts our decentralized through third party apps.
The real power of Liquity, in my opinion, comes from the efficiency and genius of the contract/s. You can borrow the protocol’s stable coin, LUSD (which now has almost a year of proven stability under its belt), against ETH at *0% INTEREST*
On top of that, Liquity offers a min collateral ratio of 110%!
https://www.liquity.org/frontend
https://docs.liquity.org/
https://www.coingecko.com/en/coins/liquity-usd
METAVERSE
*EnterDAO - $ENTR*
Cap = $15M per https://www.coingecko.com/en/coins/enterdao
EnterDAO is one of the productive projects I’ve seen over the last few months. The team is relentless. They have already launched two products. I love both of them and I think they have BIG upside.
#1 - LandWorks - a renting marketplace for metaverse land
#2 - MetaPortal - “Steam for Web3” a unique and extremely useful application that allows single point access to all kinds of Web3 games/universes
https://landworks.xyz/
https://metaportal.gg/
https://medium.com/enterdao/enterdao-whitepaper-27447f7400c8
https://dao.enterdao.xyz/yield-farming
NFT PLATFORMS
*Universe.XYZ - $XYZ*
Cap = $54M per https://www.coingecko.com/en/coins/universe-xyz
Here’s a project with insane potential and a hard-working team. You could spend days looking at other projects in this valuation range, but I can save you the time and pretty much guarantee you that $XYZ will be in your Top 5.
Although they’ve already launched two of their own NFT projects (look into the team and you’ll see some leaders/members of a few other successful launches), the majority of the platform is still in progress.
They are creating a community-driven, socially-focused NFT hub with a wide array of tools in distribution and media. xyzDAO makes this one of the few truly-decentralized NFT platforms with a realistic future.
https://docs.universe.xyz/
https://github.com/UniverseXYZ/UniverseXYZ-Whitepaper
https://universe.xyz/
https://opensea.io/collection/polymorphs
BONUS: DEFI TOOL
*Smart Alpha from BarnBridge - $WETH / $BOND*
Although I do love the BarnBridge project, the $BOND token itself is undergoing some major changes and there is a new DAO in progress, so it doesn’t meet my criteria for recommending a project at the moment.
However, this tool available through the BarnBridge app is worth looking at. SMART Alpha is one of the coolest financial mechanisms I’ve seen in DeFi, and it’s as solid as they come from a security and professional standpoint.
It’s too complex to summarize here, but through its epoch-based pool system, you can choose between downside price protection and leveraged upside exposure. Check out the Medium link below to learn more.
https://medium.com/barnbridge/announcing-smart-alpha-5ec7b0f36d89
