3 Low-Market-Cap Altcoins Rise Up to 1,430% in the First Half
On the sidelines of the major liquidity pool, some projects manage to stand out in terms of gains despite higher risks in most cases.
In the nascent cryptocurrency market, there is a fine line between opportunity and risk. This is evident from the price charts, which are constantly influenced by project announcements, investments, and often by information that leads to “nowhere but investors’ money” as they eagerly seek high-profit opportunities.
In recent days, Bitcoin has once again attracted major players in macroeconomics and benefited from speculation resulting from BlackRock and other asset managers’ requests for authorization to launch exchange-traded funds (ETFs) based on the benchmark.
Similarly, during the first half of the year, several little-known, low-market-cap altcoins saw gains in the four-digit percentage range, seemingly trying to attract investors through innovation or speculation, but not without risks.
One such case in the first half of the year was ATOR, since its launch in February. According to monitoring data, Ator Protocol’s token, priced at $0.46 (-3.3%), had gained approximately 1,430% since the beginning of monitoring.
Essentially, the project’s proposal relates to internet browsing privacy, with ATOR empowering the Onion Router (Tor) through on-chain incentives and facilitating wider adoption of secure network relay protocols through hardware products.
The project can be considered modest, with a market cap of around $34.3 million, placing Ator Protocol at 463rd in the ranking.
Another highlight of the first half was the relatively unknown Dacxi Coin (DACXI), the token of the Dacxi Chain project, ranked 347th with a market capitalization of $56.8 million. DACXI was trading just above $0.0062 (-0.77%), which was nearly 150% higher than the token’s price on the first day of 2023.
The project presents itself as the “world’s first global tokenized crowdfunding system,” powered by DACXI, which is also used to “facilitate global investment transfers, pay fees on the Dacxi Chain blockchain, node staking, and as the currency for the Dacxi Chain’s global crowdfunding network.”
Read the full article: https://br.cointelegraph.com/news/3-little-known-small-cap-altcoins-rise-up-to-1-430-in-the-first-half
