Let’s talk about the elephant in the room – investors buy cryptos for one main reason: to make insane profits in the crypto space. A lot of people talk about the underlying technology of many of these projects. But most of us are looking for the potential to turn a few thousand dollars into a life-changing amount.
The crypto market is a gold mine of opportunities. However, many newbies make a crucial mistake. You look at the top cryptocurrencies by market cap, see their low prices and think, “Wow, Bitcoin (BTC USD) is trading around $68,000, and this meme coin is only 1 cent – I’m getting in on the ground floor!” Sorry to burst your bubble, but those ships have sailed. The real money is in finding the hidden gems, the under-the-radar projects that could be next ether (ETH-USD) or Solana (SOL USD).
Of course, I’m not saying you should avoid the big cryptos entirely. They are the backbone of the crypto ecosystem and will continue to grow steadily. But if you’re looking for those elusive 5,000% profits, you’ll have to venture into riskier territory. Downside risk in this area is certainly not for the faint of heart. With that in mind, let’s take a look at the top little-known cryptocurrencies that can help you make huge profits!
Pyrin (PYI-USD)
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Pyrin (PYI-USD) was listed on CoinMarketCap back in February, and it has already gained significant traction since then. However, the crypto token has cooled down and declined over the past week.
But that doesn’t mean that Pyrin won’t continue to grow in the future. Crypto projects related to Kaspa (KAS-USD) have had some of the most incredible runs lately, and I think Pyrin can follow in Kaspa’s footsteps in the coming months. This is especially true as alt season begins and smaller cryptocurrencies skyrocket.
This decentralized Kaspa fork integrates Blake3 with BlockDAG and GhostDAG technology, delivering scalable and near-instant transactions at minimal cost. The team has also developed a groundbreaking proof-of-work algorithm called PAIW that aims to achieve more efficient resource usage. Pyrin strives to provide high throughput, low latency and security through ASIC resistance and integrated smart contract functionality – all secured by its state-of-the-art consensus mechanism.
Kaspa is already a multi-bagger, even after the recent decline, with potential for further upside if this bull market continues. Projects like Alephium (ALPH-USD) now benefit from similar blockDAG technology, and Pyrin is following suit, bringing new innovations like PAIW to market. It currently has a modest Market cap of $26 million. But with the right catalysts, I wouldn’t be surprised if pyrin later achieves a similar rating to alephium. Of course, as with any crypto investment, a healthy level of risk tolerance is required.
LittLab Games (LITT-USD)
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When it comes to the crypto gaming space, LittLab Games (LITT-USD) is a project that caught my attention. LITT is a micro-cap project focused on developing e-sports titles. Its first game, Cyber Titans, an auto battler, was released in May after two years of development. What sets LITT apart from other gaming coins is its exclusive focus on the lucrative e-sports market. Large franchises like League of Legends generate billions annually through tournaments and events.
By focusing exclusively on this space, LITT aims to create the first true “esports publisher” in the crypto space. Its dedicated team includes gaming and blockchain veterans with experience shipping titles. The project’s tokenomics also appear to be adequate, as the team is only allocated 14% of the total supply and slow monthly distributions are expected to prevent dumping.
Now I should mention that the trading volume of this cryptocurrency is quite low and LITT is not yet traded on a major exchange. But this is often the case with promising projects in the early stages. Once peak season arrives, gaming cryptos could see a major upward push. Therefore, it is important to take some positions in gaming cryptocurrencies like LITT if the size of your portfolio allows it, without spending too much on fees. The potential upside could be significant if this project gains traction.
Mintlayer (ML-USD)
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I’m pretty bullish on Layer 2 projects, and many of them have delivered parabolic returns in past bull runs. Mint layer (ML-USD) could be one of them as it is currently trading with a market cap of just 25 million dollars. For those new to the crypto world, let me summarize Layer 2. These are high-speed networks that run parallel to a specific blockchain and enable cheaper transactions. They can make transactions cheaper by bundling transactions and sending them through all at once. This is in contrast to most individual transactions, which are paid individually when transacting directly on a Layer 1 blockchain.
These Layer 2 solutions have not yet become mainstream, but they could well become so as blockchains become overloaded and fees reach exorbitant levels. What makes me optimistic about Mintlayer is the fact that it specifically focuses on scaling Bitcoin transactions. If you believe Bitcoin’s dominance will continue, then I think Mintlayer is a solid choice.
The team behind Mintlayer seems competent and the project’s technology appears promising. Of course, as with any crypto investment, especially in a relatively unknown project, you need to do your own due diligence and invest within your risk tolerance profile. However, if you’re looking for potential moonshot bets in the Layer 2 space, Mintlayer is definitely worth keeping an eye on.
Small, low volume cryptos
On small capitalization and low volume cryptocurrencies: InvestorPlace does not regularly publish commentary on cryptocurrencies whose market capitalization is less than $100 million or whose trading volume is less than $100,000. Because these “penny cryptos” are often a playground for fraudsters and market manipulators. If we publish a comment on a low-volume crypto that may be affected by our comment, we ask InvestorPlace.com writers to disclose this fact and warn readers of the risks.
Read more: How to avoid popular cryptocurrency scams
At the time of publication, Omor Ibne Ehsan did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.