In the crypto world there are many new technologies emerging almost every single day. There are a lot of scams and a lot of great opportunities that we are bombarded where ever we look.
Sometimes it is really difficult to recognize a false and misleading ad promoting milk and honey and get rich over night scheme but also we must not allow ourselves to neglect a great idea and maybe a one in a life time opportunity to invest in a great and innovative technology just because it does not fit into some kind of investment pattern.
Here in this article you will be presented with a few hidden gems that have maybe slipped by in your search for a new investment adventure.
Hidden gems Under One Dollar
At 53 cents (at the time of writing) we have Civic. Civic is identity verification, fraud protection and security technology. With all of the upcoming regulations in the crypto world this has a massive growth potential. Because of its focus particularly in security of the wallet technologies and digital cash in general against any future terrorist financing as it has been a massive issue all around the globe, Civic’s technology is always going to be something that companies and businesses will be willing to adopt in order to preserve their own and their clients data. In terms of market cap (according to CoinMarketCap) Civic is at 183 million dollars and its trading volume at the last 24 hours is 28 million dollars, with a circulation supply of 342 million coins.
At 2 cents (at the time of writing) we have Siacoin. Siacoin is one of the older coins and it has been around since 2015. Ranked as the 31 coin (according to CoinMarketCap) by market cap that is over 706 million dollars, its technology offers a decentralized cloud storage. The idea behind it is to basically make data storage more affordable, more reliable and more secure. By cutting of the middleman like Amazon, Google, Microsoft etc, and using only what ordinary peoples hard drive space is contributed to the sia network, the cost is significantly reduced. And since the data is distributed all around many computers it means that it is definitely a lot safer. The daily trading volume of the last 24 hours for Siacoin is over 15 million dollars with a circulating supply of 32 million coins.
At 5 cents (at the time of writing) we have Verge. Verge is a coin focused on privacy. Having privacy when doing transactions online is very important for everybody, and since the topic of security on the internet is a hot one, this opens a door for a good investment opportunity. Fast transaction time is also a very good characteristic behind the technology of Verge. There is no company behind Verge and all of the code is open source. From all of the data provided by CoinMarketCap we can see that Verge has circulating supply of 14.5 billion coins and it is very close to the maximum supply which is 16.5 billion. The trading volume of the last 24 hours has been over 24 million dollars taking the 29 place by market capitalization with its 753 million dollars of market cap.
At 34 cents (at the time of writing) we have Cardano. Cardano is fairly new coin in the crypto world but that does not mean it has nothing to offer. In contrary Cardano is a new blockchain that offers smart contracts but it basing its technology on a scientific and philosophical principles. It offers to solve all of the problems that other smart contract blockchains have, like for example the scalability issues that Ethereum faces. At the moment with its 8.8 billion dollars market cap it is ranked as coin number 5 by market capitalization on CoinMarketCap. This alone is a proof that this coin has really shown a growth potential with all of its future blockchain improvements that it offers. Its trading volume is 349 million dollars in the last 24 hours with total circulation supply of 25 billion coins.
At 66 cents (at the time of writing) we have Power Ledger. Power Ledger is also a new coin that have been around for just a few months. As the name suggests, Power Ledger is making Peer-to-Peer renewable energy trading system through automated smart contracts on the blockchain. This is going to increase the renewable energy market, allowing every person who makes energy from renewable sources to decide what to do with it on its own. The technology has seen a widespread adoption across Australia, New Zealand and some of Asias countries like Thailand. It has a decent trading volume (according to CoinMarketCap) of over 26 million dollars in the last 24 hours with a market cap of 240 million dollars and a circulating supply of 363 million coins out of the 1 billion total supply.