While memecoins like Shiba Inu and Doge have started to establish themselves, NFT projects are also getting stronger and stronger as well. Check out the top 10 NFT projects that could potentially do a 10x due to low market cap.
NFT Projects that Could 10x
It is important to note that a 10x is not guaranteed but due to the low market cap and the NFT projects still being in their early stage, there is still a lot of potential for these NFT projects to grow in volume and price. There is, of course, the risk that these particular NFT projects could also tank.
In order to avoid rugpulls, it is important to DYOR or do-your-own-research behind the token before investing in it. There are multiple ways to go an extra step in order to make sure that the token invested not only has potential but is also a legitimate project and not a rug pull.
DYOR Before Investing in Any Asset or Project
For those that don't know, rug pulls are schemes wherein the developers run off with everyone's money leaving the project and investors tokens close to zero value. This is what happened recently to the SQUID token, which was apparently a scam where developers ran off with the investors' money as per Washington Post.
Of course, not all projects are a scam. NFT projects, on the other hand, are starting to grow slowly but steadily after an NFT bubble that saw almost anyone selling random NFTs online. With the addition of NFT games, more and more practical uses for NFTs have started to pop up. This has created a more feasible use of NFTs.
The Popularity of NFTs
NFTs have received mixed critiques, with some saying they are useless while others are saying they can be used for practical reasons. NFT games have proven a practical way to use NFTs in the cryptospace.
A tweet from NFT Daily announced the top 10 NFT projects that still have a low market cap. Binamon, or BMON, has risen in both volume and price despite the crash market. Whether it has more potential than the others, it is important to DYOR before investing.
Top 10 NFT Projects Based on Volume
1. BMON
Uses: Gaming
Market Cap: $44 million
Volume: $9.5 million
2. REVO
Uses: Gaming
Market Cap: $31 million
Volume: $7 million
3. REVV
Uses: Gaming
Market Cap: $39 million
Volume: $6.8 million
4. COCOS
Uses: Gaming
Market Cap: $32 million
Volume: $3.5 million
5. TCP
Uses: Gaming
Market Cap: $18.2 million
Volume: $3.4 million
6. KWT
Uses: Gaming
Market Cap: $43 million
Volume: $3.1 million
7. XCUR
Uses: Marketplace
Market Cap: $43 million
Volume: $2.4 million
8. DPET
Uses: Gaming
Market Cap: $23.2 million
Volume: $1.9 million
9. CWS
Uses: Gaming
Market Cap: $27 million
Volume: $1.5 million
10. BCMC
Uses: Gaming
Market Cap: $31 million
Volume: $1.5 million
Most-traded NFT Projects With Low Market Cap@binamonok has risen both in volume and price in the crash market! $BMON$REVO @RevomonVR$REVV $COCOS @CocosBCX$TCP @crypto_prophets$KWT @kawaii_islands$XCUR @curateproject$DPET @MyDeFiPet$CWS @seascapenetwork$BCMC @bcmhunt pic.twitter.com/q6TjWoyjNJ
— NFT Daily (@NFTDaily) November 16, 2021
Read Also: Top Underrated NFT Games for Better ROI | 'Town Star,' 'Axie Infinity,' 'Splinterlands' and More
While most of these projects are NFT games, XCUR stands out by being an NFT project that functions as a marketplace. It is important to DYOR before investing in any NFT project, as rug pulls have become more daring than ever.
Related Article: Rug Pull NFT Games | How to Avoid Being Scammed and Go for Legitimate Games Like 'Axie Infinity,' 'Splinterlands,' and More
This article is owned by Tech Times
Written by Urian B.
