This is a list of low market cap coins below $10M to take advantage of the recent crypto market selloff. Total crypto market capitalization has sold off from $116B to $95B which may be an opportune time to begin building positions in promising names. The selloff could continue give the lofty levels of Bitcoin around $2561, hence caution is advised. Please note some of these crypto currencies could be compared to early stage venture capital investments, therefore the price action could be very volatile and easily produce a loss. They are illiquid names and may be difficult to sell in the best of circumstances. If you enter a position suggest risking only funds you could afford to lose and with a long time frame in mind. I have been dollar cost averaging all of these positions. 😎
BitSend - price is 24.10 cents, $3.8M market cap
BitSend (BSD) is marketed as "We want digital currency useful, attractive and easy to use. A currency adapted to our social needs as consumers needs to be simple, mobile, fast and secure." Coin features include the Masternode network, 10MB block size and DarkSend, which is the name of the decentralized mixing implementation that obfuscates and provides a greater degree of privacy/anonymity to the transactions of the BitSend network. Evaluation: This coin seems to be a younger version of Dash with its master nodes, but can be purchased at a much lower market cap and with higher appreciation potential. The main shortcoming is lack of brand recognition, this is not a very well known coin like Dash or PIVX.
https://coinmarketcap.com/currencies/bitsend/
Condensate - price is 1.46 cents, $680K market cap
There is a storm coming in the Cyrptocurrency scene and it’s CONDENSATE. A PoW/PoS based coin with random rewards for both PoW and PoS. Initiated by the formation of clusters within the volume of its network. Rain is distributed across the condensation network anonymously and securely, with the ability to send encrypted messages. Is it going to Rain today? A randomized staking reward gives anyone the chance to get caught under the rain cloud. It allows anyone who is on the network to get rewards regardless of their wallet balance. The aim of Rain is to create a secure and robust network that is supported by its users in a meaningful way. . . . and to utilize this network to partner with climate researchers and scientists to help better understand the world that we all live in. Evaluation: This coin has an active bitcointalk forum, a roadmap and unique selling point of randomized mining rewards which is unusual for such a low market cap. The major shortcoming of the coin is the relatively large number of coins that have not yet been mined and could possibly depress future returns.
https://coinmarketcap.com/currencies/condensate/
Pascal Coin - price is 63.24 cents, $7.1M market cap
Pascal Coin (PASC) is a next-generation cryptocurrency that pioneers a new tier of scalability comparable to the VISA network. It achieves this by introducing a new cryptographic data structure known as the SafeBox which maintains the balancesof accounts rather than the full history of transactions. As a result, the blockchain in PascalCoin is fully deletable after 100 blocks without affecting the security of existing funds and without impacting new nodes joining the network. Evaluation: The technology is similar to bank accounts with account numbers that are easy to remember. One of the innovations of PASC is a blockchain pruning feature which truncates the size of the blockchain to 6 GB. This will become more meaningful in the future as the Bitcoin and Ethereal blockchains continue to bloat in size. The Bitcoin blockchain is approximately 145 GB as of July 2017. The shortcoming of the coin is that Pascal Coin owners must acquire an account either by purchasing an account or mining Pascal Coins to receive accounts as part of the mining reward in order to transact.
https://coinmarketcap.com/currencies/pascal-coin/
Here is an informative youtube video that explains PASC and what its all about.
Primecoin - price is 46.4 cents, $9.2M market cap
Primecoin (XPM) is an innovative cryptocurrency, a form of digital currency secured by cryptography and issued through a decentralized mining market. Derived from Satoshi Nakamoto's Bitcoin, Primecoin introduces an unique form of proof-of-work based on prime numbers. Evaluation: Primecoin is energy efficient, unlike most Proof of Work coins which have no useful by product from solving cryptographic hashes, Primecoin leverages the computing power of its network to find chains of prime numbers. The shortcoming of XPM is its a Proof of Work coin and there seems to be an investor trend toward Proof of Stake coins where investors earn a reward independent of what mining hardware they use.
https://coinmarketcap.com/currencies/primecoin/
Here is a youtube video which explains what XPM is all about.
XtraBYtes- price is 1.36 cents, $8.9M market cap
XtraBYtes (XBY) is a completely new technology in the world of cryptocurrencies with their utilization of PoSign (Proof of Signature) consensus via STaTiC nodes, rather than anonymous individual blockchain signatures as seen in other coins. This means that instead of just one random node verifying a signature on a block, all the online STaTiC nodes in the network sign the blocks thus ensuring complete and accurate consensus amongst the entire network. Even offline STaTiCs will sign the blocks that were created while they were offline when they return to active status. Evaluation: there is no coin premine and no inflation so two of the major pitfalls in coin investing are non-issues with XBY. Once static nodes are completed, this technology offers a level of security that may exceed that offered by alternative coins. In addition the coin has data storage is in the pipeline. Shortcomings of the coin are limited transparency (there are no names or photos of the management team on the website) and lack of clarity on the source of long term development funding. Other coins such as Decred and Zencash allocate a portion of the node income for development purposes.
https://coinmarketcap.com/currencies/xtrabytes/
As always reader feedback is welcome and would be delighted to hear your best coin investment ideas in the comments section. 🎲
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