Cryptocurrency analyst Cyril: Which low-market-cap crypto projects are worth watching in 2023?
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Cryptocurrency analyst Cyril: Which low-market-cap crypto projects are worth watching in 2023?
Crypto researcher Cyril has compiled this ever-growing list of the best low-cap cryptocurrencies and protocols for reference only.
Navigating Web3 tides with focused insightsWritten by: Cyril - DeFi
Compiled by: TechFlow
To discover the next 100x investment opportunity, you must identify high-quality low-market-cap cryptocurrencies before others do. Here, crypto researcher Cyril has compiled a list of the best-growing low-market-cap cryptocurrencies and protocols for reference.
*Editor's note: For informational purposes only; not to be construed as investment advice.
Arbitrum
Arbitrum is a Layer-2 scaling solution developed by Offchain Labs. It aims to address Ethereum's long-standing network congestion issues by improving the way smart contracts are validated. Since its launch, the project has seen significant growth and adoption.
$OP
$OP is one of my favorite protocols on this list. Despite Arbitrum’s leading position, I believe $OP will capture a significant share of the market. The protocol is designed to be highly scalable, secure, and efficient.
$DYDX
Any project capable of generating substantial revenue is highly worth investing in. According to data from Token Terminal, $DYDX ranks third in terms of revenue—this is why I am bullish on this protocol. The numbers speak for themselves.
$LDO
As the LSD narrative gains traction, I believe $LDO will emerge as a winner within this sector. With a market cap of $2 billion and nearly 85% of it in circulation, I see substantial room for growth.
$Vela
The crypto market suffered a severe blow during Luna’s collapse. However, there was a silver lining—decentralized derivatives exchanges (DEXs) have grown increasingly popular. $Vela has demonstrated strong capabilities in restoring investor confidence and enhancing trading security.
$TRIAS
This protocol aims to ensure data reliability by establishing trustworthiness of machines. Traditionally, data reliability depends on the credibility of its source. However, this protocol shifts focus from data producers to data users to solve the problem.
This is achieved through the concept of "verifiability," where each machine possesses a unique proof demonstrating that it executes tasks as intended and processes correct data. This approach helps prevent data tampering or malicious use, thereby enhancing the overall ecosystem's security and reliability.
$CHNG
CHNG, powered by Fusion, offers one-click coded financial services.
It serves as a gateway to DeFi automated finance and acts as a cornerstone for the upcoming revolution of the value internet. Fusion is a blockchain platform designed to connect different digital assets and financial services through cross-chain swaps and smart contracts. CHNG leverages Fusion’s technology and ecosystem to build and deliver various financial services such as decentralized exchanges, cross-chain payments, and lending. Through these services, CHNG aims to help users easily conduct financial activities in the crypto world, accelerating the development of cryptocurrency and blockchain technology.
AZERO
AZERO is a privacy-enhanced, instant-finality Proof-of-Stake public blockchain.
With a market cap of just $300 million, it holds significant growth potential. The project aims to deliver privacy protection and high performance with scalability to support a wide range of decentralized applications (DApps) and blockchain business use cases.
AZERO achieves privacy through zero-knowledge proof technology, ensuring transaction confidentiality and security while maintaining fast confirmation times, enhancing blockchain usability and adoption. Additionally, AZERO features a decentralized governance system driven by community participation, ensuring fairness and transparency in the protocol.
$HUM
$HUM is a next-generation decentralized AMM exchange focused on Stableswap. It offers several outstanding features:
• Eliminates impermanent loss risk for liquidity providers;
• Enables single-sided liquidity provision;
• Offers ultra-low slippage for traders;
Jasmy
Jasmy is dedicated to solving the issue of centralized internet data storage. It achieves this by providing a personal data vault and utilizing the InterPlanetary File System (IPFS) for file storage.
Unlike traditional centralized storage, IPFS is a distributed peer-to-peer protocol that fragments data files across multiple nodes. This means files are stored and shared collectively by numerous users rather than managed by a single centralized entity.
This decentralized storage model offers enhanced security and reliability, making it more resistant to attacks and failures. In this way, Jasmy better protects user data privacy while also improving data access efficiency and speed.
$ROSN
$ROSN is an ecosystem-wide project aiming to simplify users’ cryptocurrency journey. Recently rebranded to $ROSX, it is accessible via mobile devices (Android or iOS). The project includes a suite of tools and applications to help users easily manage and exchange various cryptocurrencies.
In addition to offering a multifunctional wallet, the project also provides a decentralized exchange enabling users to trade different cryptocurrencies in a secure environment. The project continues to evolve and improve, delivering enhanced user experiences and richer functionalities.
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