One of the simplest ways to seek wealth in cryptocurrency is to buy undervalued tokens with strong potential. Some of these coins can multiply in value many times over a short period. So why consider tokens that sit outside the top 100 cryptocurrencies by market capitalization? There are several reasons:
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Tokens outside the top 100 are often less well known and not yet on most investors’ radars, giving you the opportunity to buy in at an early stage.
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Because their market capitalization is still relatively small, these tokens have more room to grow dramatically.
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Many of these projects are still young. As they develop and add features, their value can increase accordingly.
If you’re searching for tokens with high upside potential, here are three promising projects that currently fall outside the top 100:
Velas (VLX)
Velas (VLX) is a fork of Solana designed as a competitor to Ethereum 2.0. The network is positioned as one of the fastest EVM-compatible chains, aiming to deliver improved speed, scalability, and efficiency.
Source: TradingView
Velas also seeks to address several of the network issues present in Ethereum and Solana. At the time of writing, the native VLX token was trading near $0.3549 with a market capitalization around $800 million. Given its performance characteristics and roadmap, VLX showed potential for significant growth.
Ankr (ANKR)
Ankr (ANKR) is a platform that leverages shared resources to offer simpler and more accessible blockchain node hosting solutions. Launched in 2017, the project has built a solid reputation and established strong partnerships worldwide. At the time of publication, ANKR traded around $0.09446 with a market cap near $770 million.
Vault Hill (VHC)
Vault Hill City (VHC) is a play-to-earn gaming project currently in development that aims to deliver an immersive metaverse experience and could emerge as a major player in the NFT/gaming space. Since the game is still preparing for launch, the VHC token may be of interest to investors and users who want early exposure to the evolving metaverse and gaming economy.