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The last few weeks have seen us devoting a disproportionate amount of time researching undervalued and undiscovered micro caps. Last week we revealed seven micro caps with market values under $2m, you can read the article here. This week we have been hunting for gems with market caps under $1m. It’s been an eye opening experience to say the least. Whilst there are few gems in this micro cap space they are there and as we all know, if you get it right it can be very lucrative. That is what gives us inspiration!
So with that said let’s look at how our current list has performed.
There appeared to be a bout of profit taking this week with a handful of projects which have enjoyed strong price runs over the last few weeks taking a hit. Other than that the list held its ground with only one significant performer.
The main winners were:
And the losers:
We added only one project to our list this week.
Lunch Money (LMY) – https://www.coingecko.com/en/coins/lunch-money
Lunch Money describes itself as a universal loyalty rewards program, created by Restaurant Private I Inc, a mystery shopper platform aimed at improving customer service through anonymous customer oversights and incentives. Restaurant customers and restaurant delivery service customers can simply earn Lunch Money (LMY) by providing real feedback on their service experience.
Lunch Money has been around now for a few years with the token price having fallen from a high of $0.26 to its current price of $0.003, that’s a 99% reduction. But the project is far from dead. The team have been quietly beavering away building a new platform and establishing partnerships. Amazingly it is one of the few crypto projects registered with the US’s Securities Exchange Commission.
This is the kind of project that could go viral very easily. Why wouldn’t you provide a restaurant review if you are being paid to do so? This project is all about getting traction. It is in exactly the right spot, the gig economy. With a fully diluted market cap of $500,000 this project is a long shot but could well end up being a gem hidden under a mound of pebbles. It has no real volume at the moment and can rightly be described as undiscovered. That can work both ways.
You can buy Lunch Money through Uniswap.
Lunch Money replaces last week’s addition of Libertas. We will tell you the full story of our fall out with the CEO at Libertas in Monday’s Moonshot Monday. This made us question their own credibility hence their banishment from our list.
You can view the Micro Cap Watch List here
Other goings on
Listen to this week’s Moonshot Monday here where we look at 7 micro cap projects with potential focusing on our three favorites.
If you are interested at all in the world outside micro caps you can read our latest article Solana vs Cardano where we provide an assessment of each project together with a price target. The article caused quite a stir from a few of the die hard Cardano fans. We like causing stirs!
Weekly Staking and Yield Farming Review
You can view this week’s staking review here. We provide an analysis of the top APRs from leading platforms.
That is it for this week.
This report does not constitute financial advice or a recommendation to buy in any way. Always do your own research and never invest more than you can afford to lose. Investing in cryptocurrencies is a high risk, and you could lose 100% of your investment.