CEO Reveals Top Crypto Projects Under $200 Million Market Cap

Last Updated:
CEO Reveals Top Crypto Projects Under $200 Million Market Cap
  • 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.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.