5 Best Low-Cap Altcoins to Have On Your Watch List in 2022

    Amid the turbulent crypto market, investors are flocking to low-cap assets with huge growth potential instead of focusing on big cryptos like Bitcoin and Ethereum.

    Here are some low-cap altcoins to consider investing in 2022:

    1. League of Kingdoms

    League of Kingdoms is a blockchain-based multiplier strategy game. With its P2E ecosystem, players can earn cryptocurrency through in-game activities.

    LOKA is the utility and governance token of League of Kingdoms Arena, which can be used for multiple use-cases like staking, purchasing in-game items, voting on platform decisions, etc. 

    In April 2022, LOKA hit an all-time high (ATH) of $5.37 after starting the year at the $2 level. Currently, LOKA is trading at $0.58, down 88% compared to its ATH. With a market cap of just $15 million, this token could be a potential long-term investment.

    Source: Tradingview

    2. ApeCoin

    Apecoin is an ERC-20 token built on the success of the popular NFT collection Bored Ape Yacht Club (BAYC).

    APE is the utility and governance token of the ApeCoin ecosystem and aims to incentivize the community through the Ape DAO (decentralized autonomous organization). This altcoin has a very successful entrance with a rallying from a price of $7.3 to an ATH of $39.4.

    Compared to the nearly $10 billion market cap achieved after ATH, Apecoin is now down to just $1.5 billion.

    Source: Tradingview

    3. Optimism

    Optimism is a layer-2 blockchain, created to solve Ethereum’s network problems, such as high gas fees, low transaction speeds, and scalability issues.

    OP is Optimism native toke. Currently, this altcoin is the 112th largest cryptocurrency in the space and is looking to gain a larger market share in the coming years.

    OP is trading at $1.23 and is currently down 73% compared to the $4.50 ATH.

    Source: Tradingview

    4. Audius

    Audius is a blockchain-based music streaming platform that aims to eliminate the inefficiencies of music industry. Powered by the AUDIO token, the platform allows artists and music creators to take full ownership of their work.

    Artists and creators can make music on the Audius blockchain, and members of the platform can access it for free.

    After launching at $0.19, AUDIO reached ATH at $4.99 in March 2021. The price is now below $0.30 with a market cap of $250 million. Given the benefits Audius intends to offer music creators, this could be a noteworthy long-term investment in 2022.

    Source: Tradingview

    5. Compound

    Compound is an emerging DeFi lending platform launched in 2017. On the platform, users can profit from their cryptocurrencies by depositing them into liquidity pools.

    After depositing crypto into Compound, users will receive Ctoken representing stakes in pools that are later used in exchange for assets. Users can also own the platform’s COMP governance token to propose network changes and even have voting rights on Compound.

    With a market cap of $369 at press time and is expected to be higher, Compound has the potential to become one of the top low-cap cryptocurrencies to invest in 2022.

    Source: Tradingview

    Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. 

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