The digital currency ecosystem is evolving in no small measure with a series of small-cap coins making impressive moves in the market overall. While thousands of assets are making waves in the market today, a few selected coins have the prospects of soaring by 1000% to 10,000%.

Five of these promising altcoins include Astar (ASTR), Myro (MYRO), Kaspa (KAS), Celestia (TIA), and Uma (UMA) amongst others. While this pick is not an endorsement of these tokens, it can give investors looking to make a dive into the market a headstart with their research into the most promising coins in the industry today.

Now let’s dive into why these tokens are worth placing on watchlists;

Top Small Cap Coin: Astar (ASTR)

Astar Network is a Polkadot parachain with a thriving ecosystem and promising ecosystem outlook. Currently priced at $0.1883 atop a 5.64% growth in the past 24 hours, Astar is one of the most future-driven protocols with an extensive link to the mainstream enterprise and financial world.

Astar network is down by more than 44% from its All-Time High (ATH) of $0.3353, however, with the projected upgrades through Astar 2.0 and strategic collaborations, more defined adoption is likely. This is poised to boost the prospects of the protocol and help drive its price to new heights in the coming bull cycle. 

ASTR Price Chart. Source: CoinMarketCap

Myro (MYRO)

MYRO is an emerging memecoin on the Solana (SOL) blockchain whose price went from a low of $0.001995 about two months ago to an All-Time High (ATH) of $0.2607 on January 19. Within this time, Myro climbed by an astonishing 10,223%, registering it as one of the most promising memecoins to watch out for.

In its drive to carve out a niche for itself as the next BONK within Solana, the memecoin has generated enough social embrace and is now the third-largest meme protocol by market capitalization. Currently worth $0.2076, MYRO has the tendency to outrun its peers, especially with new use cases coming to Solana through the forthcoming revamp of Saga, its Android mobile phone.

MYRO Price Chart. Source: CoinMarketCap

Kaspa (KAS)

Kaspa brands itself as a Proof-of-Work (PoW) cryptocurrency which implements the GHOSTDAG protocol for enhanced efficiency. Many touts Kaspa as Bitcoin with an extra touch of functionality that makes it a futuristic protocol to move funds.

For what it represents, Kaspa has gained enough recognition over the past few months where it has risen by more than 61,110% from its lowest price of $0.0001699 scored in June 2022 to the $0.1045 it currently trades at.

Kaspa Price Chart. Source: CoinMarketCap

Kaspa is notably gaining a lot of global embrace including the mega listing by Binance Exchange.

Celestia (TIA)

Celestia is arguably one of the most publicized crypto projects in recent times as its role as the first modular blockchain network that enables anyone to easily deploy their own blockchain with minimal overhead is now being recognized by some of the industry’s most thoughtful investors and brokerage houses.

Celestia hype got to its peak following a recent Binance listing, a move that served as a vote of confidence for the protocol. At the moment, Celestia (TIA) is in a recovery mode after jumping by more than 50% earlier in the past week.

It is currently changing hands for $17.24, down by 1.3% in the past 24 hours. It attained its ATH of $20.26 on January 15 and notably brandishes more immense potentials for growth.

Celestia Price Chart. Source: CoinMarketCap

UMA (UMA)

UMA is an old protocol whose luster is just shining forth. As reported earlier by Coingape, UMA has been seeing unusual funding opportunities as showcased by Bybit data, a trend that has positioned it as one of the few high performing altcoins to watch out for.

Like other small cap coins, UMA is susceptible to intense volatility as showcased by its liquidated shorts earlier in the week. Ultimately, UMA’s value proposition to bridge communication between the external world and on-chain ecosystem is gaining massive embrace and this might impact its price in the long term.

UMA is currently priced for $5.79. Up 23.74% in the past 24 hours.

UMA Price Chart. Source: CoinMarketCap

The post 5 Small Cap Coins With 10x-100x Upside Potential appeared first on CoinGape.

---

Filed under: News - @ January 1, 1970 12:00 am