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11 Small- to Mid-Cap Cryptos to Buy — 20 to 30x in 2024?
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Many are searching for 100, 200, or even elusive 1000x gems, banking on a few killer partnerships, listing on major exchanges or mass adoption of these little-known cryptos.
Whilst some go parabolic, most fade away and never return to their initial price or all-time high.
At the opposite end of the spectrum, BTC, ETH, and large-cap altcoins are unlikely to do more than 15x soon; we missed the boat, but they will remain solid crypto investments.
So what’s the sweet spot? Enter small- to mid-cap crypto assets. These have a good balance between risk and reward (at least in this market), many of which have been around long enough to become well-established after a few years.
I will feature four small-cap and seven mid-cap crypto assets alongside a few other wildcards/notable mentions for this piece.
What exactly are these, you may ask? According to Coinbase, small-caps have a (circulating) market cap of less than $1 billion, whereas mid-caps fall into the $1B — $10B range.
That’s quite a range for the latter, but you get the gist.
I am going for a max of $5B circulating MC to find mid-caps that can lead to higher ROIs.
Enough talk; let’s begin.
1) Arbitrum (ARB) — Market cap: ~$2.73B, currently $2.13, ATH $2.39
As many are banking on a fully-fledged bull market akin to what we saw in late 2020 and most of 2021, layer-2 scaling solutions (L2s) will be essential in helping Ethereum manage overwhelming network activity.
Before continuing, an L2 system runs transactions off the main chain (layer-1) to reduce congestion and help it scale.
With all of the different L2 options, why am I focusing on Arbitrum? Its network, Arbitrum One, accounts for roughly half ($9.63B) Using total value locked per L2 protocol. Additionally, it is one of the more established options at…
