The top-tier cryptocurrencies undergo a steep fall since the start of the week. Notably, Bitcoin, Ethereum, and Solana were on a downtrend with negative gains of 11.05%, 10.58%, and 10.81%. Besides, money flow ensued its transpiration from top-tier cryptos to a Metaverse. However, the particular section has seen a 72% surge in trading volume round the clock.
Metaverse tokens might have reached their peak, as they are on the run for a long-time. On the other hand, Trader Joe, Ramp, Bridge Mutual, Portal Defi, and Ardana are restlessly occupied in building strong fundamentals. These low market cap altcoins hold the substantial potential to fix the glitches associated with existing technology.
Also Read : Are Traders Liquidating Their Crypto Holdings For NFTs?
The trader Joe’s platform came into existance in June 2021. The platform achieves $4 billion in assets since its launch and backs support from reputed tech firms. The main motive of the platform is to revolutionize DeFi space. The platform has plans to introduce an NFT marketplace, IDO launchpad, Options, and Futures trading. At present, the altcoin holds a market cap of $389 million, the release of upgrades would uplift the market cap to $2 billion by early 2022.
Ramp token which currently holds a $108 million market cap plans to launch Ramp 2.0. A flexible solution that unveils enabling a crypto on-ramp built into users wallet, DeFi product, or dApp. The protocol intends to reach a $2 billion market cap in the coming year.
Bridge. Mutual market cap is yet another low cap altcoin that holds strong future potential. The platform has scheduled its launch of Bridge. Mutual V2 to offer that will profoundly professional and significantly revolutionize the space of decentralized insurance. At present, it holds only a $33 million market cap eyeing $1 billion by early 2022.
Portal Defi, the central goal of the platform intends to execute cross-chain contracts to the second and third layers. The portal has been launched to confirm atomic swaps between Bitcoin and other cryptocurrency projects. The platform has raised $8.5 million in funding from retail and institutional traders, the mainnet launch could be expected soon.
Cardano-backed DeFi protocol Ardana has amassed $10 million from the tech firm Three Arrows Capital. The platform has built two products Danaswap, a decentralized exchange, and dUSD, a stable coin. The stable coin has been proposed to support users to take loans against the Cardano like its native token ADA. However, DEX permits investors to gain rewards by dUSD deposits.
Collectively, the cash flow has been interesting throughout the year. As it has quickly taken a turn from market leaders to meme coins. Post facebook’s rebrand to Meta, the amount has taken a drift to tokens built on Metaverse. Interestingly, the aforementioned coins exhibit strong potential to divert the cash flow towards themselves.