Bubbling Beneath: Top Five Cryptocurrencies to Watch Outside the Top 100

The goal of every project in the crypto industry is to get noticed by investors and retailers as it will improve their demand. Unfortunately, not every cryptocurrency gets the same attention. Market sentiment shows that the top 100 coins piques the interest of investors and as a result many projects FOMO for a spot.

In recent times, we’ve seen projects enter and exit the market cap ranking as it is the fore front of the crypto market. As of the time of writing, the least coin according to Cryptocurrencies to watch in the crypto fore front has a market cap of $1.13 billion.

With volatility in view, we may expect to see a new reshuffle of the top 100s. The 90th spot to the last spot on table has been the area with so many concentrations. This  trend is not stopping any time. Let’s take a look at five cryptocurrencies to watch beneath the top 100.

Nexo

NEXO is the native token of blockchain-based lending platform, Nexo, that offers users instant cryptocurrency-backed loans. Users can deposit an accepted token — such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC) or XRP (XRP) — as collateral to receive a loan in the form of a fiat currency or stablecoin.

The Nexo platform was launched in 2018 and is the world’s first crypto credit line that allows digital asset holders to obtain fiat and stablecoin loans against their cryptocurrency, laying the foundations of the crypto lending niche.

It was founded by a team of finance professionals and crypto enthusiasts, who turned to blockchain to create the crypto equivalent to a service well established in traditional finance, but hitherto non-existent in digital finance— borrowing against the value of your assets while retaining ownership.

The NEXO/USD pair has increased by more than 12% in the last seven days. The coin currently has a market cap of $1.01 billion and is the 107th coin by market cap. To secure an entry to the top 100, the pair has to increase by up to 20%.

We notice that the NEXO/USD pair has surged past the keltner channel. The Moving Average Convergence Divergence (MACD) has intercepted some days ago and the fast line is also on the rise. The highlighted indicators are pointing to a quick 20% surge before a cooldown.

Audio

Audius presents another utility of the blockchain. It is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content.

Audio is the native token of the project and helps its HODLers participate in protocol governance voting and staking to unlock features like artist tokens and badges and receive voting power from fans.

AUDIO has not had much movement lately. The coin has been ranging as it maintains its stay in the lowest part of the keltner channel. MACD is about to take the plunge, revealing an incoming price dip. The stochastic oscillator is showing a bit of positivity as it has been enjoying a gradual rise.

Putting all the above indicators into perspective, we may expect that the AUDIO/USD pair will experience price dips. After the recovery, the pair will see a massive hike in prices that will guarantee a return to the top 100s.

DigiByte

DigiByte is an open source blockchain that uses five different algorithms to improve security, and originally aimed to improve on the Bitcoin blockchain’s security, capacity and transaction speed. The asset creation platform is a longstanding blockchain and cryptocurrency with its creation spanning from October 2013 to January 2014.

Jared Tate created DGB as a modification of Bitcoin which aims to diversify security, speed and capacity possibilities. The coin currently has a market cap of $762 million and is the 124th coin by market cap according to Cryptocurrencies to Watch.

Stochastic oscillator shows DGB/USD pair attempting a breakout above 80. MACD intercepted a few days back but the fastest line is still on the rise. The pair is holding onto the upper band of the Keltner channel and also aiming for a breakout from this indicator. DGB may enjoy more price surges over the next few days.

NANO

Nano was conceived by Colin LeMahieu and was launched as Raiblock in 2014 but was rebranded as NANO in 2018. Nano is described as a lightweight cryptocurrency that is designed to facilitate secure, instant payments without fees, and addresses some of the major limitations of both legacy financial infrastructure and many modern cryptocurrencies.

Nano is achieving its aims as transactions reach absolute finality within less than a second and are free. This is ideal for the commercial system as the delay between sending and receiving funds is bridged. The project, with its $731 million valuation is currently the 129th coin by market cap.

Volatility has remained relatively the same for the past seven days as seen on the Bollinger Band. The on-balance volume is having an upswing as we notice an increase in nano trading volume. It is also important to note that note that the NANO/USD pair tried exiting the Keltner channel but faced resistance. An exit from the highlighted channel may result in the pair surging as high as $6.

SAND

Sandbox was launched in 2011  as a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.

SAND is the utility token for sandbox that facilitates transactions on the platform. The coin was founded by Arthur Madrid, a co-founder of the parent company Pixowls. Sandbox is a unique platform because it introduces blockchain technology to the world of gaming. The platform has already attracted gaming companies like Atari, Helix and CryptoKitties.

Based on sandbox utility, it is safe to conclude that the best is yet to come for this project as its evergrowing users will have a tremendous impact on its token. This may result in a return to the top 100. The price chart shows that the SAND/USD pair is ranging with a breakout in view. We noticed that the Bollinger band is slightly expanding, heralding an impending uptrend.