Recently, I changed my direction to investigating ultra low cap altcoins. I am still learning, but perhaps I might already share with you my first impressions that might help those who have never heard about ultra low caps.
These are basically the altcoins, mostly just started, with very (VERY) low market caps. They don't have much publicity yet, perhaps they haven't even announced themselves widely, and they are found only on small, low volume, not widely known exchanges, mostly dex's.
What is the advantage of focusing ultra low caps?
- They are extremely cheap, usually few litoshi's - similar to satoshi for ltc, so 0.00000001 ltc, or even watoshi's, same story with waves, that is 0.00000001 wave.
- They can go extremely high in price in very short or moderate time periods, usually few weeks. Here I mean 10x - 100x, sometimes even more.
What are the disadvantages of focusing ultra low caps?
- There are many scam projects out there, and it needs a bit of experience to distinguish which is legit which is not. Exit scams are quite common.
- Due to low volume, spreads are large and it might take time to accumulate
How to find them?
- Check CoinGecko for low market cap projects and read their details to see if it sounds like they might have a future.
- Check Telegram groups designated for researching (and shilling) ultra low cap altcoins, aka. crypto gems.
Currently I have a few coins in my bag that I hope will increase in price soon as they start reaching their goals and gaining publicity. I don't want to give names as that is not the point of this post.
I hope this could give you an idea about the ultra low caps, or at least I could inform you about their presence so that you can take a deeper look.
I might edit this post to add more as I learn if it attracts attention.
Great post. I hope you get to add more points about low caps. This is really risky but yeah all in this crypto space is risky so might not go with the one that will give big potential in the future right?