Top Five Microcap Crypto Projects in 2021

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Friday, July 23, 2021 / 03:07 PM / Sponsored Post by Max Decker / Image Header Credit: Coinberry

 

The worldwide acceptance of cryptocurrencies has resulted in the creation of many crypto-driven projects. Without a doubt, the most prominent crypto project is the Bitcoin project. However, many other crypto projects have enjoyed huge success and attracted a large number of users.

 

Microcap projects are crypto projects with a token that has a small market capitalization, usually under $50 million. These projects often aim to add value to their users and create services that are needed. The tokens of these projects also create opportunities for huge returns on investment when you invest in them. However, they are also very risky investment choices.

 

This article will review the top five micro cap crypto projects for the year 2021. The tokens of these projects are among the crypto to buy in 2021. The top five micro cap crypto projects include projects like:

 

  • Chainlink (LINK)
  • Uniswap (UNI)
  • Cardano ($ADA)
  • Tron ($TRX)
  • Ripple ($XRP)

 

Chainlink

Chainlink is an oracle platform that was created in 2017. This micro-cap project was not relevant until the company reached an agreement to become partners with Google in 2019.


This platform leverages the ethereum network to provide real-life data reports to aid in the execution of smart contracts. This real-life data includes vital information that is relevant to the terms and conditions of a smart contract. Some of this data includes information about weather reports or stock prices.

 

The token for the chainlink project has this symbol $Link. Since the chainlink project uses the ethereum platform, their token functions as an ERC-20 crypto token that can be used on the ethereum network. At the beginning of the year, the $link token increased in value from $11 up to a high of $36.9. at the time of writing this article, the current price is set at $31.76.


 

Uniswap

Currently, Uniswap is one of the hottest decentralized exchanges in the crypto world. Uniswap makes use of a newly developed trading system called an automated liquidity protocol. The automated liquidity protocol encourages users of the exchange to become liquidity providers.

 

In line with the principles of decentralization, the Uniswap exchange does not interfere with or control user funds. Instead, this exchange only acts as a facilitator of trades on their platform.

 

For most centralized exchanges, a traditional order book system is used to control the liquidity pools. However, the liquidity of the On the Uniswap exchange, the liquidity pools that run the coin swapping process are controlled by smart contracts.

 

The Uniswap token was released in September 2020. After the release of the token, 4000 UNI tokens were given out to users of the Uniswap token. Currently, the token is listed on the Uniswap exchange and other exchanges like Bitfinex, Coinbase Pro, Binance, Kucoin, Gemini, and Huobi. The UNI token reached an all-time high of $31.50. However, at the time of writing this review, the price of the UNI token is $28.11.



Cardano

The Cardano blockchain was released in 2017 by Input Output Hong Kong (IOHK). The company's CEO is Charles Hoskinson, a co-founder of the Ethereum platform.

 

Like the Ethereum platform, the Cardano blockchain is a decentralized blockchain platform. The Cardano network is made up of two layers. The first layer is called the Cardano Settlement Layer (CSL). This layer is used to care for transactions that use the Cardano token (ADA).

 

The second layer is the Control layer is still under development. The objective of the Control layer is for creating smart contracts. Similarly, the Cardano platform can be used as a medium of exchange.

 

At the core of the Cardano network is the Ouroboros system. The Ouroboros is an algorithm that makes use of the proof of stake system to mine coins on the Cardano network. The Ouroboros system has been designed to reduce the rate of time and energy consumption when mining coins on this network.



Tron

The Tron foundation is the platform behind the Tron cryptocurrency (TRX). The Tron network aims to provide cheap digital entertainment that allows users to share digital content with ease. Similarly, this decentralized platform eliminates middlemen, creating opportunities for content makers to post content on the Tron ecosystem.

 

Currently, the Tron ecosystem is hosts more decentralized apps than the Ethereum platform. Also, the project has partnerships with top companies like Samsung, Poloniex, Opera, BitTorrent, and Swisscom Blockchain.



Ripple

The Ripple network serves as a digital payment platform for different types of online transactions. It also has a digital token XRP that can be used as a means of payment.


The XRP token was created by Ripple Labs to serve as a means of payment on the network’s decentralized payment system. Instead of using a blockchain, the ripple network is controlled by a network of validation nodes. As result, this network can be used for many other purposes.

 

Like the Tron project, the ripple project has received backing from top companies in the world. These companies include the likes of Moneygram, JP Morgan, and HSBC.


The ripple token has reached an all-time high of $1.12, while the all-time low is $0.8694. However, the current price of the token is $0.9007.


 

Conclusion

For us, the micro-cap crypto projects listed above are our top five crypto projects for 2021. These projects all have solid development teams and backing from big brands in the business world.

 

Similarly, the technology behind these projects is tested and is of the highest quality. Some other projects worthy of mention include projects like Litecoin, Aave, Bitcoin Cash, Zcash, and stellar lumens.



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