Top 10 NFT Projects that Could 10x Due to Low Market Cap | BMON Volume and Price Rise During Market Crash
(Photo : Image from Terry on Unsplash) Top 10 NFT Projects that Could 10x Due to Low Market Cap | BMON Volume and Price Rise During Market Crash

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

 

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

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Written by Urian B.

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