7 December 2021
The Cryptocurrency market has witnessed a sharp crash since the start of the week. The major Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) were on a downtrend with negative gains of 11.05%, 10.58%, and 10.81%. Although, a specific section has witnessed a 72% surge in trading volume round the clock.
Most of the Metaverse tokens have reached their peak, as they are on the run for a long-time. While Ramp, Bridge Mutual, Trader Joe, Portal Defi, and Ardana are restlessly occupied in building strong fundamentals. These five altcoins have a low market cap but hold the potential to fix the glitches associated with existing technology.
The Trader Joe’s platform was introduced in June 2021. Reputed tech firms have supported the project and it has achieved $4 billion in assets since its launch. The platform aims to revolutionize DeFi space. In the future, the platform may launch an NFT marketplace, IDO launchpad, Options, and Futures trading. Currently, the market cap of Trader Joe is $389 million.
The Ramp token has a market cap of $108 million and plans to launch Ramp 2.0. In the coming year, the protocol intends to reach a $2 billion market cap.
It is the new low cap altcoin with strong future potential. The protocol has scheduled its launch of Bridge. Mutual V2 will significantly revolutionize the space of decentralized insurance. Currently, it has a market cap of $33 million.
Portal Defi intends to execute cross-chain contracts to the second and third layers. It will confirm atomic swaps between Bitcoin and other Cryptocurrency projects. It has raised $8.5 million in funding from retail and institutional traders, the mainnet launch could be expected soon.
Ardana is the Cardano-backed DeFi protocol that has amassed $10 million from the tech firm Three Arrows Capital. The platform has built two products Danaswap, a decentralized exchange, and dUSD, a stable coin.