Crypto investors selected the best altcoin projects with a market cap under $400 million yet. Among the altcoins out of the top 100, BONE and KAVA are among the first choices of investors.
Altcoin investors identify top 5 small-volume projects
Crypto investors have identified several altcoins with high potential that they believe could recover significantly. One of the criteria was to find projects that, despite being popular on social media, have not yet grown enough in terms of market value.
According to Coinmarketcap, the top five projects with market caps under $400 million include Conflux, Kava, Casper, Zilliqa, and Oasis Network.
Conflux is a layer 1 Blockchain that uses a Tree-Graph consensus algorithm to achieve high throughput. The implemented protocol enables Blockchain to perform parallel transaction processing for increased throughput and scalability. While Conflux is highly rated, its market cap at the time of this writing is $386.79 million, and it ranks 84th on Coinmarketcap.
Another relatively low volume blockchain that investors saw high potential was Zilliqa. Zilliqa is designed for scalability and speed. The market value of Zilliqa at the time of this writing is $352.59 million. These 5 altcoins stand out among the selections made out of the top 100
KAVA and BONE rank first among altcoins out of the top 100
This analysis calls for a close watch on cryptos outside the top 100 as the current bear market has negatively impacted the altcoin market. Several altcoins have attracted attention recently, including Kava.io (KAVA), which saw a 9.76% price increase in the cryptocurrency market.
The price of KAVA has been in a descending channel since January 19, indicating a corrective action. A breakout from this channel is expected and the current position of the price at the top of the channel increases the chances of it happening. If there is a breakout, the price could go up to $1.06 according to technical analysis. Conversely, if there is a rejection, the price could drop to $0.70, the support line of the channel.
Meanwhile, DAO Maker (DAO) also observed a 6.80% price increase. The price of the DAO rose after breaking out of a descending resistance line earlier this year and reached $1.90 on March 8. This rejection could potentially lead to a reversal as the price drops to the nearest support level of $1.35. If the price breaks above $1.85, technical analysis shows it could rise as high as $2.50. Altcoins selected from outside the top 100 with DAO Maker include KAVA, DAO, LQTY, XRPY and BONE.
BONE is gaining momentum
Finally, Shiba Inu ecosystem token Bone ShibaSwap (BONE) also grew 0.23%. cryptocoin.com As you follow, the rally came after a series of centralized exchange listings. BONE’s price made unsuccessful attempts to break above $2 at the end of February, resulting in long upper wicks (red circle) and bearish RSI (green line) indicating selling pressure.
