Several low market cap cryptocurrencies, or “micro-caps,” have seen notable accumulation today from so-called “smart money” crypto wallets according to a new analysis by CaptainAltcoin’s research team.
The analysis specifically looked at wallet addresses with high win rates and profit/loss ratios, marking them as potentially savvy market participants. Among the most snapped up micro-caps (<$10 million market cap) were $HEMULE, $USDR, $ADULT, $MARSH, and $BST.
$HEMULE is a meme coin named after Vitalik Buterin’s cat. While it could see a short-term price run, the analysis notes it may lack longer term viability. Troubled stablecoin $USDR also saw interest as investors hope for it to regain its peg.
Other accumulated micro-caps seem to have more functionality like $ADULT targeting the adult entertainment industry with metaverse and AI capabilities, $MARSH providing blockchain infrastructure and data, and $BST supporting real-world asset tokenization.
Beyond those, the analysis called out increased accumulation in $ELY, $TOOLS, $TETHYS, $ARA, and $UEFN among other smaller cap alternatives. As the crypto markets show signs of recovery, these micro-caps are clearly on the radar of crypto investors willing to bet on high risk, high reward opportunities. We’ll be keeping an eye on these picks to see if the “smart money” is correct in its bets.
You may also be interested in:
- Here Are Updated Ethereum ETFs Deadlines
- Why Is Celestia’s TIA Up Today? Technicals Suggest a Retracement to These Levels Is Imminent
- Cardano (ADA) Going Down, VC Spectra Surges Ahead, Drawing Closer to the $0.025 Target with a Surge in Trading Volume
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters