"You all have to study first, you know, don't play around."
It's true that many cryptocurrencies that have a small market cap have been overlooked, but that's one thing that can make investors triple their profits with the right timing and strategy.
This is because the small market capitalization means that the digital asset has a low price or demand in the crypto market. So here are three altcoins that have a small market capitalization but have the potential to generate 300% profit.
Core (CORE)
Built as a layer-1 blockchain compatible with the Ethereum Virtual Machine (EVM), CORE can run Ethereum (ETH) smart contracts and decentralized applications (dApps).
CORE which has a market cap of over $1 billion is currently trading at $2.06 with a trading volume of $89 million.
Although not one of the most popular altcoins, Core still rose 58% in a month where it peaked in April 2024 to surpass $3.77 while setting an all-time high of $6.47 almost six months ago.
Pendle (PENDLE)
PENDLE is a protocol that allows tokenization and trading of future yields including giving users more control over future yields by providing options and opportunities for their use.
Having a market capitalization of $1 billion and a trading volume of $200 million, PENDLE which is currently trading at $4.40 has climbed up to $7.50 on April 11, 2024 but fell back due to the current volatile crypto market movement.
However, there are analysts who truly believe that PENDLE will rise again above the all-time highs in this phase of the bull run.
Athena (ENA)
ENA is a synthetic dollar protocol built on top of ETH that will provide a crypto-native solution for money independent of traditional banking system infrastructure.
Demand for ENA continues to rise not only because its trading volume has risen to $499 million but also because its price broke through $1.52 in the past 18 days, where now the digital asset has a market capitalization of $1 billion.
There is no denying that the possibility of recovery in the near future is quite low, but the three altcoins are able to climb as high as 300% when the entire crypto market has recovered.
