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Low-Caps Gone Wild - Weekend Report

Absurd ROI's on low-caps, the rise of Inu-themed coins & what to watch out for when investing.

Table of Contents

Welcome to the Weekend Altcoin Report.

In this Edition:

  • Low-Caps Gone Wild
  • Market Recap for the week
  • Top 10 Ranking
  • Rise of Inu Themed Coins
  • 5 Biggest Gainers this Week (Top 100)
  • Top Small-Cap Altcoin
  • Top Micro-Cap Altcoin
  • Top Nano-Cap Altcoin
  • Altcoin Pick for November

Low-Caps Gone Wild:

While the price for Bitcoin has moved less than a percentage point (0.10%) in the last week, low-caps have gone wild. A quick peek at CoinMarketCap biggest gainers list illustrates the extraordinary gains many low-caps made (in just the last 24 hours).

In the last 24 hours, a token by the name of Elonomics has increased by 10,713%. It sounds impressive until, after closer examination, you see that the token has dropped +9,000% in the last hour. By the time you read this, it may be worth nothing.

According to CMC, the token has a trading price of $31 USD and a ranking of #3331, with no market cap, no circulating supply or max supply available.

This is a token with no fundamental use-case, no real-world use and relies on their token economics to help to prop up the market price.

Caveat Emptor

If you are new to the crypto space, such tokens can be tempting to invest in. Sure, if you invested early, you would have made a fortune within the first 24 hours (if you sold at the right time). However, for the majority of individuals that invest in such pump-and-dump marketing schemes, they lose out - big time.

It's for this reason, I thought it would be a good idea to put together a list of some of the more important lessons when investing in cryptocurrencies.

Before Investing in Crypto — Read This First!
Investing in crypto is a journey of learning and experience and along the way, we will make mistakes. However, some mistakes we shouldn’t have to make.

At Altcoin Investor we focus our efforts on finding those low-cap gems that have solid fundamentals. We look for projects which have a solid team, a strong community of users, real-world use-case and projected worldwide adoption. We don't advocate day trading and strongly discourage investing in any projects which do not fulfill these requirements.

With this advisory dispensed with, onto the weekend report...

Market Recap:

As mentioned in last week's weekend report, after last week's all-time high ($66k), we forecast a retracement and likely continued downward trend in the price of Bitcoin (see last week's report for a full explanation).

The price of Bitcoin is currently sitting at $60,688

‌Market capitalization is $2.60T, up from $2.5T last week.

Top 10 Ranking:

The ranking for the top 10 has remained the same from last week with the exception of SHIBA INU (SHIB), which has made its debut in the top 10, pushing USD Coin from 10th position, off the list.

SHIBA INU has made incredible gains over the last few months, with an increase in the last week of 62%. According to CMC, the ROI  for this token sits at over 3,908,638% (in about 1 year), making it one of the highest ROI cryptocurrencies to date.

A self-proclaimed “Dogecoin Killer”, it also has its own decentralized exchange (ShibaSwap). This meme coin was anonymously created in August 2020 and now invites dog-inspired artists from all over the world to foster the “artistic Shiba movement” as they bring their SHIBA INU community into the NFT market. Will it surpass Dogecoin? Most likely.

Rise of Dog Themed Coins:

With the spectacular rise in SHIBA (token), there has also been a rise in many of the other Inu-themed altcoins. A quick recap over the last 30 days:

There are about a dozen other Inu-related projects with varying +1,000% increase over the last 30 days. I bring this up to simply point out an interesting phenomenon within the crypto space.

When one particular coin or token does very well, it also often brings up the awareness and price of related projects (regardless if they are sh*tcoins or not). While we won't be performing any in-depth research into any of these coins nor do we recommend any of them, I just simply want to bring awareness to this phenomenon.

This phenomenon was seen earlier in the year for privacy-related coins and we are also starting to see this within the Play-to-Earn sector.

5 Biggest Gainers this Week (Top 100)

These are the biggest gainers this week within the top 100 (by market cap):

It shouldn't be a surprise, but the biggest gainer this week is also another Dog themed coin, Dogelon Mars, and another play on Elon Musk's name and popularity. Over 320% increase in the last week. SHIBA also makes the list for this week.

Although we are interested in the NFT market, our focus is not on Inu-related coins.

The two projects worthy of mention on this list are The Sandbox (SAND) up 100% in the last week and Basic Attention Token (BAT), up 47%. Both these projects were mentioned in prior reports and in my opinion, are solid projects.

Top Small-Cap Altcoin

Blockchain Gaming Platform - Altura

Altura is a promising gaming platform built for developers and gaining a lot of popularity in the last week. It offers an easy-to-use interface and API for creating Smart NFTs and an open marketplace for transacting NFTs. As the NFT space grows, more developers will be looking for easy-to-use platforms. I am a big fan of platform projects and Altura seems to have the right mix. We will be keeping out an eye on this one.

Altura is up 300% over the last 30 days, and as this platform continues to increase in popularity, its market price will likely continue to increase. It is currently trading at $0.22 and ranked #360 with a market capitalization of over $165 million.

Links: Website | CoinMarketCap

Top Micro-Cap Altcoin

Blockchain Gaming Platform - Gamee (Animoca Brands)

Developed by Animoca Brands, the GMEE token is a utility token for use as the game currency. More importantly, this is a platform that allows third-party gamers to create and publish their games on the platform. They are also currently developing an NFT system that would be integrated within its gaming platform.

With a market capitalization sitting at $32 million, it sits nicely within the Micro-cap category. This token is currently traded at $0.56 and ranked at #718.

Links: Website | CoinMarketCap

Top Nano-Cap Altcoin

Blockchain Gaming Platform - Revolve Games

Revolve Games aims to be one of the leading platforms providing Play-to-Earn opportunities within the gaming market. This project has a robust gaming ecosystem with (according to their website) a full-time team of over 12 developers. They have partnerships with many other gaming houses and a solid set of investors. With an ambitious roadmap, this project looks to do well over the short and long term.

With a market capitalization sitting at around 8 million, it sits near the top of the Nan-cap category. This token is currently traded at $1.07 (50% increase over the last 24 hours) and ranked at #1127.

Links: Website | CoinMarketCap

Altcoin Pick for November

Altcoin Pick for November

As mentioned in prior reports, our focus is turned to Play-to-Earn games, as you may have noted by our choice of top altcoins (by capitalization levels). There are many sectors within the cryptocurrency space and we feel that Play-to-Earn gaming offers the best long-term growth potential for our investors.

With over 3.24 billion online gamers and Play-to-Earn gaming offering these individuals an opportunity to play games and potentially earn significant income, this niche gaming sector will only continue to grow in size. For this reason we are focusing on, in particular, Play-to-Earn gaming platforms.

We are currently in discussion with many gaming projects and platforms and after careful analysis, will provide our private members our pick for November over the next week or two.

To see our Altcoin pick(s) for October, click here.

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Happy Halloween everyone and until next week, trade strong and be legendary.