3 Small-Cap Altcoins to Add to Your Watchlist for 2020
Let’s be honest, outside of Bitcoin (BTC) and a few notable altcoins like Synthetix (SNX), Seele (SEELE) and ChainLink (LINK), 2019 has been a rough year for cryptocurrencies.
However, that does not mean you should avoid monitoring altcoins moving forward. While these coins should only be bought as speculative plays, it may make sense to start probing the waters again after the prolonged bear market.
With that said, here are a few of the more interesting small-cap altcoins to watch heading into the new year:
Voyager Token (VGX) – $2.1M Market Cap: Perhaps more accurately described as a microcap, the newly rebranded Voyager Token will serve as a utility token for the crypto brokerage and its future investment products, providing users with a variety of benefits. The first of which is 5% annual interest for users who hold VGX on the Voyager app, with payouts made monthly.
The growing adoption of Voyager’s commission-free trading app and the fact VGX is the first token associated with a crypto brokerage (rather than an exchange), make this a small-cap token worth watching in 2020.
Investors can earn $25 in free BTC by signing up for the Voyager app through this link and trading $100. (or use code: SLUDGE25)
Ultra (UOS) – $6.4M Market Cap: UOS will serve as a utility token on the upcoming game distribution platform, Ultra. What’s most exciting about this small-cap project is that mainstream companies are already partnering with Ultra, including GPU-giant AMD (AMD) and Ubisoft, the French gaming giant known for series like Assassin’s Creed and Far Cry.
Ultra is being built as an alternative to centralized platforms like Steam with a developer-first mentality. The platform plans to offer twice as much revenue as top competitors, easy game porting from popular platforms like Xbox and PlayStation via a universal SDK and simplified game development through financial incentives for beta tests and bug hunting.
Loom Network (LOOM) – $16.5M Market Cap: One of the more promising projects in terms of development, Loom Network is a DPoS basechain that acts as a bridge between other blockchains and Ethereum and allows games and other applications to exceed the current TPS of the Ethereum network.
While the price has struggled in 2019, LOOM has generous staking rewards at present and major plans for next year, including making LOOM a multichain asset on a number of popular blockchains like Binance Chain (BNB). The project also plans to expand beyond gaming to focus on decentralized finance, government and enterprise applications for its basechain, adding further utility to its token and platform.
As with any crypto investment, there is a high-risk associated with the above altcoins.
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