When the whole crypto market is focused on all the big fishes, a few small fishes, or to be precise, small market cap altcoins get ignored. These small-cap altcoins have the potential to return three times the investment. With the right time and right investment strategies, these altcoins can turn out to be the best investment options for investors.
In this blog, let us discuss the top three small-cap altcoins with the potential to return 3X.
Best Small Cap Altcoins With 3X Profit Potential
The market cap of the cryptocurrencies reveals their importance in the market. A small market cap means the asset has a low price or low demand in the market. Investing in such cryptocurrencies can help to achieve significant gains compared to others because of diversified portfolios.
As per the current market conditions, Core, Pendle, and Ethena are among the most potential altcoins, which can grow higher once the favorable market conditions recover.
Core
Core is ranked 52nd on Coinmarketcap with its market capitalization of $1,819,223,416. It is currently trading at $2.06 with a trading volume of $83,544,530. Though it is not among the most popular altcoins, it has surged 58% in a month span where it peaked at the start of April, rising to $3.776.
The Core set an all-time high of $6.47 almost six months ago, which is more than three times its current price.
Pendle
Pendle is ranked 69th for its market cap, which is at $1,257,569,224, and a trading volume of $58,297,918. It is currently trading at $5.25 and is on the best performance of its career. It set an ATH of $7.52 just a few days ago and is in a price crunch due to current market conditions.
With the slight push in crypto market conditions, analysts believe Pendle to surge beyond its all-time high.
Ethena
Ethena was launched at the start of this month when its peak value was $1.52, achieved 18 days ago. The token was trending in the crypto market for days before following a downtrend due to market fall. The token is trading at $0.8759 with a market cap of $1,248,087,409. It is ranked 70th on CoinmarketCap and has started to regain momentum today.
Ethena’s demand is continuously rising, as the trading volume has surged to $372,455,339 after a 28% hike.
Conclusion
As the market continues to stay neutral with slight changes in the case of a few meme coins, the possibility of seeing a recovery anytime soon is comparatively low. However, once the market recovers, there are high chances of an altcoin rally.
Read More 4 Factors for Delay in Altcoins Rally
The post 3 Small Cap Altcoins To Return 3X In Profit Soon appeared first on CoinGape.
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