Altcoin Daily host and crypto analyst Aaron Arnold is breaking down his top five low-cap crypto picks for the month of June.
In a new video, Arnold tells his 829,000 YouTube subscribers that he’s keeping a close watch on the freshly launched Mina Protocol (MINA), which advertises itself as a “lightweight” blockchain platform.
Mina’s value proposition is that it is compact and unlike other blockchains, it has a fixed size and will not continue to grow, notes Arnold.
“Their blockchain will stay 22 kilobytes forever… More than that, every user acts as a full node so decentralization and permissionlessness is important to them.”
Mina also has deep-pocketed investors such as Three Arrows Capital. The project debuted last week at, and still maintains, a more than $500 million market cap.
Arnold’s second low-cap pick is a new launchpad project, TronPad. TronPad is supported by Binance Smart Chain, notes Arnold, doing 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 who Arnold labels as a “master marketer.” Arnold bets that TronPad could have a similar run that BSCPAD had, which at one point had a market cap of more than $286 million. According to CoinGecko, TronPad holds a $26 million market cap at time of writing.
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 a peg.” The project aims to solve the issue of inflation facing various regions around the world.
At time of 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 built on the Ethereum blockchain.
Arnold notes that Fear already has successful products which have gained adoption.
“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… So they already have this successful game that tons of people play and tons of people stream and now they’re basically integrating NFTs and gaming with Fear.”
Finally, Arnold spotlights Ethereum-based online gambling project Virtue Poker (VPP), which has a licensing agreement with Malta’s gambling regulator. The analyst points out that the project has legendary poker professionals involved such as Phil Ivey and former Celtics player Paul Pierce.
VPP is trading at around $0.37 at time of writing, down over 70% from its all-time high of $1.24.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Pavel Chagochkin