Are you ready to diversify your crypto holdings beyond Ethereum and Bitcoin? These four cryptocurrencies are worth investigating further. Many cryptocurrency investors look for under-the-radar coins in the hopes of making big money by getting in early. With over 12,000 coins to pick from, however, this can be a risky strategy, especially since many smaller currencies are hoaxes or poorly conceived ventures with a high likelihood of failure.
There are, however, a handful of intriguing, lesser-known cryptocurrencies worth keeping an eye on. We've only included currencies that aren't in the top 50 by market capitalization but are still in the top 300. We chose coins that are available on the most popular cryptocurrency apps and exchanges in the United States. However, as you'll discover when you go deeper into the world of less well-known cryptos, purchasing them isn't always straightforward.
Livepeer is a fascinating cryptocurrency with a seasoned team at its helm. It's a decentralized video streaming network based on the Ethereum blockchain (ETH). Video streaming consumes 80% of all internet bandwidth, according to the Livepeer website. Furthermore, transcoding (the process of converting video to multiple formats for different devices) is a very expensive procedure. This is something that Livepeer wishes to change. It transcodes video footage rapidly and cheaply using a decentralized network of “orchestrators.”
Helium is another under-appreciated cryptocurrency with a lot of promise. It's a peer-to-peer network that's meant to connect the Internet of Things (IoT). The internet of things refers to how commonplace objects such as watches and household appliances connect to the internet. Helium's concept is that it can bypass standard physical wifi network infrastructure, which is costly and difficult to set up. Instead, businesses and households can buy Helium routers and earn HNT for providing internet access.
In recent months, smart contract cryptocurrencies have gotten a lot of attention. Smart contracts are small pieces of code that reside on the blockchain and allow developers to create applications that run on it. Ethereum is the first and most well-known smart contract platform, but it has suffered from network congestion and excessive fees as a result of its own success. Ergo, a project that offers smarter smart contracts but doesn't collect any gas fees, has piqued my interest. As a result, it's simple for developers to estimate the cost of creating an app or a product. Furthermore, Charles Hoskinson, the founder of Cardano (ADA) and a crypto icon, has dubbed it one of his favorite crypto projects.
Chiliz has been around since 2018, and its market capitalization places it slightly outside the top 50 cryptocurrencies. If you've never heard of it, it's worth looking into further, especially if you're a sports fan. Chiliz creates fan tokens that are used to increase fan engagement. It already has agreements in place with major soccer clubs such as AC Milan, Juventus, and FC Barcelona. Is this an example of how the initiative encourages participation? Fans of Barcelona had the opportunity to vote on a mural design for the team's locker room, and a few lucky winners received tickets to go behind the scenes.
Finally, you can still take advantage of our overall listing of the best crypto casinos, currently, on the market, so do not miss this exciting opportunity.