Altcoin Daily host and crypto analyst Aaron Arnold splits up his top five low-cap crypto picks for June.
In a new video, Arnold tells his 829,000 YouTube subscribers that he is closely monitoring the newly launched Mina Protocol (MINA), which is advertising as a “light” blockchain platform.
Mina’s value proposition is that it is compact and, unlike other blockchains, is a fixed size and won’t grow any further, notes Arnold.
“Your blockchain will stay 22 kilobytes forever … In addition, each user acts as a complete node, so decentralization and permissionlessness are important to them.”
Mina also has well-funded investors like Three Arrows Capital. The project debuted last week with a market cap of more than $ 500 million and is still holding it.
Arnold’s second low-cap pick is a new Launchpad project, TronPad. TronPad is supported by Binance Smart Chain, Arnold notes, and does the same thing as Binance Smart Chain Pad (BSCPAD) but on the Tron blockchain network.
The analyst adds that TronPad is working with Tron CEO Justin Sun, whom Arnold describes as a “master marketer”. Arnold bet that TronPad could have a run similar to BSCPAD, which at one point had a market cap of more than $ 286 million. TronPad has a market cap of $ 26 million at the time of writing, according to CoinGecko.
Coin number three is Olympus DAO (OHM), which, according to the project’s Twitter bio, is a “floating algorithmic currency that promotes stability and predictability without ties”. The project aims to solve the inflation problem faced by different regions around the world.
At the time of this writing, OHM is trading at around $ 211 with a market cap of $ 68.93 million.
Next up is Fear, a non-fungible token (NFT) and gaming project that is developing horror-related NFTs. The project is based on the Ethereum blockchain.
Arnold notes that Fear already has successful products that are being adopted.
“You can see tons of YouTubers with millions and millions of views and millions and millions of followers playing their original game called Whack It … integrating NFTs and gaming with Fear.”
Finally, Arnold highlights the Ethereum-based online gambling project Virtue Poker (VPP), which has a licensing agreement with the Maltese Gambling Authority. The analyst points out that legendary poker professionals such as Phil Ivey and former Celtics player Paul Pierce are involved in the project.
VPP is trading at around $ 0.37 at the time of writing, down over 70% from its all-time high of $ 1.24.
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Featured image: Shutterstock / Pavel Chagochkin