Climbing the ranks: The top 5 low-cap altcoins making waves ahead of the crypto summer

Climbing the ranks: The top 5 low-cap altcoins making waves ahead of the crypto summer

By Mike Ermolaev | Various | 3 Apr 2024


The world of cryptocurrencies is in a constant state of flux. While Bitcoin (BTC) and Ethereum (ETH), the two leaders of the crypto world, continue to hold strong positions, there’s a growing interest in low-cap altcoins. This trend is driven by a variety of factors, including the recent decrease in the prices of BTC and ETH.

Bitcoin, which recently reached a new all-time high by going over $73,000, has seen a decline of nearly 6% over the past 7 days. Similarly, Ethereum has experienced a drop of 5% in value in the same period. These fluctuations have led some investors to explore alternatives, particularly low-cap altcoins, which hold the promise of high returns.

BTC performance, March 2024

BTC’s performance in April 

 

In this article, we will explore five such low-cap altcoins that have shown significant growth and have the potential to offer substantial returns to savvy investors. 

 

1. Choise.com (CHO)

Recently, there has been a buzz surrounding the remarkable 400% surge of the CHO token. Adding to this growth, CHO rose by over 50% in the last 24 hours, underscoring its strength against the market once again as Bitcoin’s value kept falling. Speculation has been rife, fueled by the anticipation of an upcoming tokenomics update and the token’s expansion into the B2B sector. Finally, the company has broken its silence and revealed the details

CHO performance, March 2024

CHO’s performance in March 

 

Choise.com has strategically pivoted its focus toward the B2B market. By aligning with this sector, Choise.com is set to evolve into a versatile enterprise, Choise.ai, ready to operate seamlessly in both retail and institutional domains. Additionally, Vault, a major B2B player with an impressive contract portfolio, now forms an integral part of the Choise.ai ecosystem.

Vault has already achieved profitability, boasting $20 million in earnings. However, its potential extends further. Analysts predict that within the next 2 years, Vault could reach a staggering $180 million in revenue. Naturally, this trajectory bodes well for CHO token holders, contributing to the token’s continued growth and financial viability. Furthermore, CHO token holders are in for a treat as they stand to receive up to 20% of Vault’s revenue through CHO staking. 

Choise.com’s strategic manoeuvres, the integration of Vault, and the CHO token’s revenue-sharing model all point toward a promising future. As the ecosystem evolves with the development of Choise.ai, CHO holders can anticipate further gains and increased profitability.

 

2. Qredo Network (QRDO)

The Qredo Network, known for its trustless multi-party computation custodial network, is making strides in the cryptocurrency world with its governance and utility token, QRDO. The network enables native cross-chain swaps, offers decentralized custody, and provides access to cross-platform liquidity. The QRDO Foundation is at the forefront of this, promoting the adoption of open custody, security, and interoperability protocols to enrich the token’s ecosystem.

QRDO performance, March 2024

QRDO’s performance in March 



QRDO has seen an impressive monthly growth rate of over 50%. This growth is mostly driven by the network’s active governance activities. In March, QRDO token holders were deeply involved in voting on several significant proposals. This engagement led to a substantial increase in the amount of staked QRDO, which rose by 8% of the circulating supply.

However, it’s important to bear in mind that QRDO’s performance has not matched its initial token sale price. This is a point of concern for investors who are monitoring its long-term trajectory. Additionally, less than 35% of QRDO’s total token supply is currently in circulation. This limited circulation could potentially lead to increased volatility or manipulation in the token’s value.

 

3. Zebec Protocol (ZBC)

Zebec Protocol, a platform that enables real-time, seamless, and continuous payment streams, is making a name for itself in the cryptocurrency world with its utility and governance token, ZBC. This token is not just a currency, but a key to a new way of investing, making purchases, and even receiving paychecks. As a ZBC token holder, you become a vital part of the Zebec DAO, with the power to shape the protocol’s future through governance votes on administration, policy, and strategic priorities.

Currently, ZBC is trading at approximately $0.036 per token, having gained an impressive 137% in the past month. Despite its current growth trajectory, there’s no guarantee that the token’s resilience will continue in the long run.  

ZBC performance, March 2024

ZBC’s performance in March 

 

ZBC has a deflationary nature, which means its total supply is gradually decreasing to ensure scarcity. Currently, about half of the token’s total supply is in circulation. This, coupled with the fact that Zebec’s credibility and investor trust might be affected due to unclear details on whether it has licences to provide crypto services or not, can cause the ZBC price to fluctuate rapidly. Consequently, the risk of losing money is as high as the potential for making it.

 

4. The HOPR Protocol (HOPR)

The HOPR protocol empowers users with full control over their privacy, data, and identity by enabling secure data transmission without revealing metadata. HOPR operates independently of a proprietary blockchain, and those running HOPR nodes are rewarded with tokens on both the Gnosis Chain and the Ethereum mainnet.

HOPR performance, March 2024

HOPR’s performance in March 

 

This month, HOPR, the native token of the protocol, experienced a remarkable surge of over 140%. This upward movement seems to align with the positive trend observed in the broader market. Interestingly, there were no announcements from the HOPR protocol that could have caused this surge. Despite a recent decline, the overall sentiment remains optimistic.

Although the HOPR token has displayed a consistent upward trajectory since the year's onset, showcasing promising prospects in the medium term, it's accompanied by a high-risk score due to its price volatility relative to volume fluctuations. Noteworthy is the token's monthly trading activity, which has plummeted, serving as a cautionary sign of potential market manipulation. 

 

5. Cere Network (CERE)

Cere Network stands as a decentralised powerhouse catering to the multifaceted needs of businesses, employing blockchain technology to fortify the privacy and security of its operations. Through its innovative technology, Cere Network facilitates instant data access for all business units, partners, and machine-learning processes, liberating them from the constraints and vendor lock-ins commonly associated with other systems. 

CERE performance, March 2024

CERE’s performance in March 

 

At the heart of Cere's ecosystem lies the CERE token, serving as the backbone for staking, governance, transaction execution, smart contract management, and the distribution of validator rewards. In terms of market performance, CERE demonstrates remarkable resilience, with a noteworthy 21.25% surge over the past three months. Currently valued at approximately $0.008, Cere Network commands a market cap exceeding $58 million, with a substantial portion of its total supply actively traded. However, despite these gains, CERE's performance still falls short of its initial sale price and hasn’t even come close to its $0.4814 all-time high.

Recent developments, such as the inaugural General Assembly of the Cere DAO on March 8, signal a transformative shift in the network's governance structure. This Assembly empowers the community to actively shape the network's future trajectory. Unfortunately, despite the promising changes, CERE still grapples with limited exposure on major cryptocurrency exchanges, revealing it to potential market manipulation due to constrained trading avenues.

 

Conclusion

The volatile world of cryptocurrencies continues to captivate investors with its promise of high returns and innovative technologies. In this exploration of five low-cap altcoins, we've witnessed the potential for substantial growth alongside the inherent risks that accompany such investments.

From Choise.com's strategic maneuvers to Qredo Network's governance challenges, and Zebec Protocol's deflationary nature to HOPR Protocol's privacy-centric approach, each altcoin offers a unique value proposition. However, investors must tread cautiously, considering factors such as tokenomics, market dynamics, and regulatory compliance.

While the allure of high returns is enticing, it's prudent to approach such investments with a balanced perspective, recognizing both the opportunities and risks inherent in the evolving world of cryptocurrencies.



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Mike Ermolaev
Mike Ermolaev Verified Member

Founder, Outset PR (outsetpr.io) Not giving any financial recommendations, just my views on the market. Always DYOR


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