The crypto market never sleeps, and that means a fortune can be made or lost in the blink of an eye. There are always headlines about the one person who managed to stumble upon an obscure crypto project and become a millionaire, and that is the main reason why many invest in crypto in the first place. To be honest, you have to be very, very lucky to achieve such winnings. But if you have some “fun money” to throw around and a steely guts to endure the risks, it might still make sense to put some capital into a few under-the-radar cryptos.
Getting started on the right project early can mean the difference between modest profits and life-changing wealth. However, with thousands of cryptocurrencies vying for attention, it is difficult to distinguish the contenders from the contenders. However, if you focus on projects with solid benefits and a good track record, you can still make exceptional profits. For those looking to move up the risk spectrum, here are three little-known cryptocurrencies worth exploring.
ONEG8 (G8C-USD)
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ONEG8 (G8C-USD) is a crypto startup with a Market cap of just $5 million. This means that it is certainly among the penny cryptos that are inherently higher risk.
Still, I think this cryptocurrency could gain significant value based on its tokenomics and recent partnerships. The cryptocurrency has a deflationary model, which should bode well for long-term investors. Since the supply cap was initially set at a maximum of 100 million coins, the number of tokens in circulation will be continuously reduced to 21 million through an aggressive coin burning mechanism, where coins will be used for transactions and as part of subscription fees on the ONEG8 platform permanently withdrawn from circulation.
However, ONEG8’s true potential goes beyond its deflationary framework. The project recently started “iTAG8”, a platform released in collaboration with the Italian agricultural organization FAGRI. In particular, FAGRI is an organization with over 70,000 companies and 110,000 members, so this is no small undertaking. iTAG8 uses blockchain technology to authenticate “Made in Italy” products.
In addition, this platform directly connects Italian producers with a global audience by integrating e-commerce and features to improve consumer engagement under one roof in a SuperApp and platform. I think this project could generate a lot of interest from other organizations because of its use cases. ONEG8 is currently working on similar partnerships in other countries. In my opinion, this is definitely one of the crypto startups that investors should keep an eye on!
Banano (BAN-USD)
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banana (BAN USD) is a hard fork of Nano (XNO-USD) Blockchain. This means the crypto project shares the same source code as Nano, so its blockchain has near-instant confirmation speeds and requires no gas fees or taxes. Banano is still known as a “meme” token, but it is very decentralized and I think the use cases here are worth looking at.
Users can donate their computing power for altruistic purposes such as medical research and earn BAN tokens through folding@home. This utility makes it much more useful than almost any other meme coin I can think of.
Bananano currently has one Market cap of just $9 million. Its price is close to its historical support level, and if the peak season comes as many expect, this is a token that could be worth a lot more. The biggest catalyst for growth is that this project manages to get listed on major exchanges. Bananano is currently listed on MEXCand this is the only major centralized exchange you can find it on.
Blue Kirby (KIRBY-USD)
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Blue Kirby (KIRBY USD) is the smallest crypto project of the three. This crypto project is also a meme token, but if you’re looking for 100x profits, high-risk, high-reward cryptos like this are the only ones that could really make that happen. The The market cap of this token is just $320,000.
Although Blue Kirby is a meme token, I think it is worth a look as there is some interesting tokenomics behind it. This cryptocurrency experienced a major sell-off a few months ago and since then the project’s token distribution has been going very well.
In addition, Blue Kirby operates on the Fantom (FTM USD) Blockchain and is one of the most famous cryptos on Fantom decentralized exchanges like Spooky.fi. Fantom has one Market cap of $2.3 billionand has experienced a very bullish price movement. If it gains more this offseason, I expect KIRBY to post even stronger gains from its current low.
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.