Top Cryptocurrency Tokens Not Inside the Top 100 By CoinMarketCap
The cryptocurrency market is currently facing some minor corrections, but it is still one of the most irrational markets. With a coin like DCN being listed at number 70 based on market cap, shows that prices of crypto-coins are not related to the potential of the coin. Also, there are many Bitcoin forks included in the list, with some appear to be solely used for pumping and dumping schemes, like Bitcoin Diamond.
With imminent crypto sales coming up, there are some quality gems that you can find amongst the dead altcoins. Also, this could be an excellent chance to get them at low-cost prices. Listed below are some of the best deals on quality cryptocurrencies that are not listed by CoinMarketCap on the top 100 list by market capitalization.
Kyber (KNC): Ranked 100
Cryptocurrency acceptance and adoption is still facing many challenges, including the fact that there are too many of these coins and few users. The Kyber network (KNC) plans on solving liquidity issues for all Ethereum tokens.
Regardless of whichever obscure token you may have, you can still trade the different tokens instantly through the Kyber decentralized exchange. Although there is a huge niche need for inter-token exchanges, it is evident that Kyber’s adoption could take some time.
Polymath (POLY): Ranked 111
Polymath tries to change the concept of utility tokens by providing a new range of ETH tokens that are made in compliances with regulations and securities. POLY’s vision is a universal and single KYC platform that is made available to all blockchain securities platforms, with great information like geographic residence, legal compliance and income proof.
Unlike other utility tokens, POLY gives clients genuine investment rights, such as dividends and equity, which haven’t been included by many ICOs.
Civic (CVC): Ranked 118
Besides the requirement for a global security standard, the financial industry also requires a global format for identification. Civic suggest a new decentralized platform for identities where clients pay a small amount to trusted ID-checkers for verification.
While it is not clear how such an identification system would work, especially to prevent fraud, the Civic solutions represent a critical departure from the conventional centralized ID-verification processes.
Request Network (REQ): Ranked 149
Request Network represents a P2P checking account for businesses that are in the crypto space and are looking for ways of tracking their financial transactions. It is a comprehensive decentralized app for accounting designed on Ethereum’s platform.
Besides processing fast transactions, its smart contract is also going to help users in tracking multiple accounts, running automatic audits and calculating paychecks. Even though excitement surrounding this project has gone down, it has a good working product along with popular partnerships with Shopify and PWC.