Austin from Altcoin daily has shared a few lower cap altcoin gems that have real potential in the year 2021.
First is 1INCH (00:36), current price is $5.30 USD and has a low market cap of $742m. 1INCH is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. Austin says 1INCH airdrop that retroactively sends tokens to Mooniswap and Uniswap users is a strategic plan to incentivise their users to jump ship.
The next coin on the list is Polkastarter (3:40), a Protocol built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized environment based on Polkadot.
POLS current price is $4.45, with a market cap of $251,627,334 just outside the top 100.
Next up on the list is 0x (5:32), a decentralized exchange protocol that developers can use to build their own cryptocurrency exchanges. The company’s founder refers to his solution as the “Craigslist for cryptocurrencies” in that any developer can build their own cryptocurrency exchange and post it online.
ZRX is a mid-cap coin, its current price is $1.71, with a market cap of $1,285,481,324. Austin believes the v4 update to 0x mainnet and $15m fund raising closed led by Panter Capital last week are green flags for 0x long-term investment.
The next coin discussed is Flow – Dapper Lab (9:40), a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. FLOW current price is $16.40 with a market cap of $382,092,301, just outside the top 100. Austin says he sees FLOW moving up the ranks in the coming months after NBA Top Shot which is built on the blockchain protocol reached $43m in sales.
The final coin discussed is Energy Web Token, the operational token behind the Energy Web Chain, a blockchain-based virtual machine designed to support and further application development for the energy sector. EWT current price is $13.17 with a market cap of $395,942,586, just outside the top 100.
This episode premiered on February 14th, 2021.