Altcoin Buzz shares Top 5 Low Cap Coins on Binance Smart Chain (BSC)
In a recent video, the top crypto Youtube channel Altcoin Buzz reveals their top picks of promising low capitalization altcoin projects on Binance Smart Chain (BSC).
“With these low market caps, there exists extreme room for growth. Interestingly, the growth of these low market cap gems will not be restrained by challenges like high transaction fees and low transaction speeds”.
Linear Finance (LINA)
The first low-cap altcoin on the list is Linear Finance (LUNA). Linear Finance is a fairly new blockchain project that is trying to fix some major issues in the DeFi ecosystem. These issues are front-running liquidity and expensive gas fees.
“Users are able to avoid the above problems by utilizing derivative offerings of Linear Finance. Using Linear, users can mint derivative assets and trade them on the synthetic asset exchange platform which facilitates cheaper and faster transactions”.
According to Altcoin Buzz, some compelling reasons to buy this altcoin are because LINA token is a multi-functionality token used for governance, staking, and payments. Additionally, ℓUSD, the base currency, is used to over-collateralize the synthetic asset. This ensures that even when the market is experiencing extreme volatility like the black swan, the system will not break.
Next on the list is Cartesi (CTSI) with a market cap of just around 250 million USD at the time of writing. Cartesi is a blockchain project that is scaling smart contracts to solve Ethereum’s urgent issues of high transaction fees.
As Altcoin Buzz explains, Cartesi achieves this goal by using a variant of Optimistic roll-ups and revolutionizing smart contract development. Not to mention, with Cartesi, developers can use Linux to build their dApp on the blockchain of their choice.
The crypto channel also lists out the reason that Cartesi is a promising project:
“Layer 2 scaling projects like Cartesi are in demand. Interestingly, the demand for the Cartesi platform will not be affected by the release of ETH 2.0. That is because it offers a blockchain-agnostic development experience to the dApp developers”.
“Cartesi is functioning on a proof-of-stake consensus mechanism. As a result, the more the number of dApps built on the platform, the higher will be the demand for CTSI”.
Next on the list is Litentry (LIT) with a remarkably low cap of 86 million USD at the time of writing.
Litentry includes an identity-based network and related tools, features an identity matching and identity staking mechanism, as a whole it consists of decentralized identity and user activity data management infrastructure.
“LIT has multiple functionalities like paying different types of user fees on the platform, staking, paying rewards, used as collateral in DeFi, and more”.
As being mentioned, one of the worth mentioning features of Litentry is that from the supply perspective, LIT will not face extensive inflation or supply saturation, which is a good sign for its long-term price.
Moreover, it is notable that the project will soon be launched on Polkadot parachain, which will fuel LIT’s upward price trend.
Reef Finance (REEF)
Listed at fourth on Altcoin Buzz’s radar is Reef Finance (REEF), a liquidity aggregator. The platform offers a multi-chain smart yield engine that enables the integration of any DeFi protocol.
“Basically, Reef forms an engine that communicates with liquidity aggregators and allows a retail investor to create entry and exit positions on numerous DeFi platforms”.
Despite facing market cap issue, the strategist still holds a firm bullish optimism on this project because of its strong fundamentals with its ambitious road map.
“Reef is a multi-utility token. It can be used for staking, yield distribution, governance, and for paying protocol fees… The 2nd quarter of 2021 is a big quarter for Reef Finance as some major products are being launched, and this could be very good for promising price action”.
Last on the list is SafePal (SFP), a cryptocurrency wallet backed by Binance Labs. At the time of writing, SFP’s market cap is around 116 million USD.
“Interestingly, SafePal provides both hardware and software wallets, all paired and managed through the SafePal App and was the first hardware wallet invested in and backed by Binance”.
Besides, it is well-noted that SFP can also be staked in SafePal Earn, which is a financial aggregator of DeFi and CeFi. With SafePal Earn, users can earn extra yields according to their risk preference.
Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.
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