- Crypto influencer Ben GCrypto ranks top 10 projects under $200 million market cap.
- Top projects include Kadena and Livepeer, along with GALA, TEL, and ICON.
- Overall Cryptocurrency market capitalization hits $850 billion.
CEO of Generation Crypto Media, Ben GCrypto has recently revealed a list of projects with a market capitalization below the $200 million mark, which he thinks would be successful. The list followed another ten of his choices where the projects ranked lay between the $200 – $250 million market cap range.
According to the list, the most promising project was Kadena (KDA), a proof-of-work blockchain that addresses scalability and throughput issues. Kadena has a circulating supply of 211,491,004 KDA, and its daily trading volume is up more than 180% in the last 24 hours. The price of the token is up 16% over the past week, standing at $1.03.
The increased interest in the project may be linked to the Kadena team’s recent release of a library for Javascript / Typescript users that allows them to connect with the blockchain and create applications effortlessly. Furthermore, the project team intends to provide a tool that will allow developers to deploy smart contracts on its blockchain.
Livepeer (LPT), a decentralized video processing platform built on the Ethereum blockchain, is the next project on Ben GCrypto’s radar. The project enables developers to add video content to apps at a lower cost than conventional techniques through decentralizing video processing.
LPT is presently ranked 154 on Coingecko’s list of cryptocurrency projects, with a 24-hour trading volume of $4,983,680. Livepeer reached a new high in March 2021, following Grayscale Investments’ news that LPT would be introduced as a new Grayscale Trust.
LPT achieved a new all-time high of $100.24 in November 2021 after a 300% rise following Livepeer’s buyout of MistServer. After that announcement, Livepeer had more than 100% single-day gains and climbed 4800% in a single year.
Other noteworthy names on the list include GALA, Telcoin, Ankr, and ICON, all of which have a market valuation of more than $180 million and rank higher than 200 out of the 21,894 cryptocurrencies that may be tracked.
Meanwhile, the overall cryptocurrency market capitalization has gained 2% in the past seven days, reaching $850 billion.
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