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It was a phenomenal week for our Micro Cap Watch List. Some of the cryptocurrencies on the list finally got noticed by the market with Candela Coin leading the way with an increase of 680% followed by Energy Ledger at 358%. It just goes to show you the potential of the micro cap market with plenty of value still to be had.
The biggest winners were:
Candela +658%
Energy Ledger +358%
Uno Re +78%
Smile +61%
And the losers:
Bridge Mutual -16%
Yield -10%
Certik -9%
Additions
This week we added two new cryptocurrencies to our list.
Don’t KYC - Don't KYC price, DKYC chart, market cap, and info | CoinGecko
DKYC claims to be driving mass crypto adoption introducing the first and only completely anonymous Visa and MasterCard built for decentralized finance.
That one sentence is significant and makes this project worth serious consideration. You don’t need to look very far to see that there would be massive demand for an anonymous debit card. Look at the privacy coin market, a new privacy coin pops up every few weeks all catering for a demand that is expected to continue to grow exponentially. The main concern of any privacy coin is, how do you turn the tokens into cash? Fewer exchanges trade privacy coins and with regulation looming this isn’t going to change anytime soon.
DKYC could be a blockbuster companion to any privacy coin. DKYC is looking to introduce its physical card between quarter 4 and quarter 2 of next year. With a fully diluted valuation of $3.2 million this is a project worth serious consideration as long as you understand the high risk inherent in this investment.
You can listen to the recent Inside Podcast on Don’t KYC here for a deeper dive into its platform and prospects.
FlyPaper - FlyPaper price, STICKY chart, market cap, and info | CoinGecko
FlyPaper's goal is to end DeFi scams and bring increased legitimacy into the world of crypto. The SwapMeet and FlySwapper are the two banner projects of the FlyPaper ecosystem.
If a project wishes to be listed on the SwapMeet and FlySwapper, they must first be reviewed extensively by the FlyPaper team, who then prepares a report. The report is then published for the community of STICKY holders. Using the findings in the report, the community votes on whether or not they think the project should receive Larry's Stamp of Approval. If approved, the project receives certification for 6 months. Upon expiration, the project must be reviewed and recertified to ensure compliance.
If the project is certified, they will be listed on the FlySwapper, the platform’s swap facility.
So why do we think this project is worth close consideration? I hear the skeptics ask. To be frank there are a number of projects which are attempting to provide some level of assurance to investors from rug pull reviews to code audits. And yes they are all welcome, aiding the investment community to sort the promising from the dubious. But is it a viable business model in its own right? It has been for CertiK whose token has a market value of over $100 million. But FlyPaper is no CertiK. At least not yet.
There are three things which we like about FlyPaper. Firstly its committed, innovative and experienced team. Secondly its low market cap, which currently stands at a measly $300,000 and finally its FlySwapper platform. That is where the potential sits. It isn't just about vetting and certifying projects. The beauty of their model is then providing a facility for investors to be able to buy and sell these ‘trusted’ cryptocurrencies and that is where FlySwapper comes in. Considering this is a new project they have already listed seven projects which may sound insignificant but it proves there is demand for their offering.
View this week’s Micro Cap Watch List here and subscribe to receive it free in your inbox every Friday.
Other goings on
Staking and Yield Farming Review
This week’s Review looks at another three platforms that our community asked us to take a look at, Olive Cash, AstroSwap and CorgiSwap. We also discuss the latest news, the most attractive APRs and the most risky.
Podcasts
Moonshot Monday podcast
Listen to last Monday’s show which reviews three micro cap projects to assess if they are buys, holds or raging sells.
Articles and Reports
This week’s article is a look into US crypto investors and their options for navigating the world of small and micro cap crypto investing.
The complete guide for US crypto investors - Options available for investing in small and micro-cap
Launch of our Preferred Platforms
We are always searching for promising early stage crypto investment opportunities. What we have found is that many of these projects have one thing in common. They operate exciting platforms which promise to make a significant difference in people’s lives. These are platforms that provide valuable utility to users.
It is these Preferred Platforms which we will bring to your attention. Platforms which we believe will add value to your day to day lives.
Take a look at some of the projects on the Preferred Platforms list here
Finally, don’t forget to follow us on our Telegram channel where you will discover new investment ideas and receive updates as they happen.
Until next week!
Team CryptoQuestion
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