Why all the fuss about low-cap cryptocurrencies? - The potential for massive gains!
A great recent example of a low-capitalization altcoin which has taken to mainstream success is Dogecoin. This coin which began as a lark between friends has over the last six years achieved what many would consider impossible.
From a pure novelty token to one of the world's largest cryptocurrencies, Dogecoin has shown us what is possible with cryptocurrency.
If you had invested a $100 in Dogecoin 6 years ago when the coin was at a low price of $0.00008547, you would have been able to purchase ~ 1.1 million coins.
Today, that $100 dollar investment would be worth:
Low Cap Alt's Offer Extraordinary Gains
It could be said that Dogecoin is an exception, and it's true that the growth trajectory of Doge is phenomenal, but not unheard of. There are many other coins which have also increased by substantial amounts.
What are Low Capitalization Cryptocurrencies?
Low-cap (or sometimes referred to as small-cap) cryptocurrencies are cryptocurrencies that generally have a market capitalization of under a million dollars. The smallest classification of low-cap cryptocurrencies are those under one hundred thousand dollars (market capitalization) and are considered the lowest capitalization (micro-cap cryptocurrencies).
With over 10,000 different cryptocurrencies being traded, the majority of them fall within the middle to lower capitalization.
The Low-Cap Multiplier Effect:
It could be said that the ROI for Doge is over 50,000%, and this occurred over a period of less than six years. Until recently, these types of gains were thought to be impossible.
Today, many thousands of percent gains in low capitalization altcoins are increasingly common and for the intrepid investor, that can spot the next low-cap gem, the returns can be extraordinary.