Pico-Cap Crypto Shortlist for September 2021
$100K-$1M capitalized cryptos with massive upswing potential.
Cryptocurrencies with a market capitalization of between $100,000 to $1 million are considered to be within the pico-level of market capitalization.
The Pico-Cap level of market capitalization is one of the smallest levels of capitalization, with nano ($1M-$10M) a level above it and small ($10M-$100M) a level above that.
At any given time, there are anywhere between 500–800 cryptocurrencies within the pico level of market capitalization. While many projects within this level of market capitalization are abandoned projects or considered sh*tcoins, every now and then a few interesting gems pop up.
Pico is ground-level
Cryptocurrencies traded at this level of market capitalization are pretty much at ground level when it comes to buying into the market ($100k-$1M) — Most investors won't want to look at anything under the $100k level.
While not all cryptocurrencies enter the market at the pico level, this is the place where many new cryptocurrencies find their entrance into the market.
It’s for this reason I watch this small market segment for interesting new projects that have the potential to make it to a Top 50 or Top 100 ranking — in which case, the initial investment would have multiplied many times over.
While this is not investment advice, this market capitalization level offers an opportunity to identify some of the more interesting projects that (in my opinion) have solid growth potential.
Pico-Cap Shortlist for September:
BAEPAY (BAEPAY) — Ranked #3,684
The Blockchain Art Exchange (BAE) is an open platform that was founded in 2018. It was one of the first Crypto Art platforms and offered artists the ability to mint their artwork on the Ethereum network and a marketplace for the buying and selling of avant-garde and fringe art.
The price of this token is highly volatile, just two months ago it was selling at under 5 cents. Its all-time high is $1.63 and it is currently trading at 30 cents.
Growth Potential:
The appeal to me of BAE is the potential for them to ride and take advantage of the NFT craze currently happening. The GUI and user interface are easy to use and the process of buying and selling is rather smooth. The company, based in Tokyo is focused on helping the artist and offers 10% royalty on all art resales as well as an artist verification process to help protect all parties.
This platform has the potential to scale, will it? I guess the answer to that is whether this niche art, avant-garde styled art becomes mainstream. In which case, it will most likely.
Links: Website | CoinMarketCap
Non-Fungible Tokens
It’s hard to ignore the NFT craze that is taking place right now. Recently the largest NFT merchant platform, OpenSea was valued at $1.5 billion dollars. Not bad for a 6-year-old business. Does BAE have the potential for mainstream appeal? Maybe. Only time will tell.
Want to learn more about Pico Cap Cryptos?
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