In this episode of the BeInCrypto video news show, host Jessica Walker digs into four low cap altcoin gems that might explode soon! We have gaming and NFT coins, as well as Origin Protocol’s OGN. So stick around and take your pick.
First up is Enjin. The Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin’s flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores and most importantly – NFTs.
Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It then uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform. This means that items can be bought, sold and traded with real-world value.
Given the rate of transformation in which digitalization is increasing, we can expect NFTs to become a more easily held asset in years to come. Now since Enjin has some application in the digital and real worlds, one can expect the value of the Enjin Coin to rise in the years to come. So far, we witnessed it deliver a 100x return when it crossed $3 in April 2021.
The all-time high of $3.99 is close to being retested given the consistent volumes and increasing price action over the last month. We’d classify this one as a bit of a sleeper right now. But with a winning concept and top-notch team, we think it could be set for a sharp rise in the near future of altcoin trading.
OGN is next on our low cap gems list. This is Origin Protocol’s coin and the goal of this project is to disrupt the sharing economy. It hopes to do this by setting up a decentralized, P2P network between merchants and cutting out traditional intermediaries. The vision of Origin Protocol is to create distributed systems where users can promote their products. The protocol focuses on the free trading of all goods and services at their actual market prices without third-party interference.
Paris Hilton announced in June that she invested in Origin and there was some increased media exposure in the weeks after that. The OGN price has been increasing alongside an ascending support line since July 20. So far, it has twice reached a high near $1.20, on Aug. 16 and Aug. 23. However, it was rejected by the $1.20 horizontal resistance area.
On Aug. 27, it validated the $0.85 area as support while bouncing at the ascending support line for the fourth time. Currently, it’s making another attempt at breaking out above the $1.20 resistance area, so a fresh breakout is likely. If it does happen, the next closest resistance area would be at $1.92.
At number three we have MultiVAC and its MTV token. MultiVAC is a flexible blockchain built around all-dimensional sharding. It’s a public protocol that seeks recognition for integrating large-scale decentralized applications and enhanced transaction speeds.
The project launched its mainnet recently with two very important updates: compressed data transportation and native cross-chain features. The cross-chain component of MultiVAC will seamlessly allow those with ETH and BSC addresses to migrate over to MTV. It also offers permissionless DeFi and low gas costs. This combination of features highlights MultiVAC’s mission in the DeFi space, which is flexibility.
The chart confirms that the mainnets launch and all the features it provides have been welcomed by the market. A new uptrend is clearly visible and it has been quite sharp. We could see a new all-time high here quite soon.
Our fourth and final pick for September is Cocos. This is an open source game engine for instant games with 1.3 million developers worldwide. Cocos is expanding its product spectrum into blockchain by building the full stack development platform Cocos Blockchain Expedition.
COCOS has been moving upwards since breaking out from a descending resistance line on July 14. However, it has failed to initiate a significant upward movement, since it is facing strong resistance at $0.90. So far, it has been rejected three times by the area. But if a breakout occurs, the token could increase all the way to $1.35 which is almost 100% higher than its current price.
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