This week’s Micro Cap Watch List : altcoin

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It was a flat ride in the crypto markets apart from a blip earlier in the week (apart from today of course!). Our list followed a similar pattern with only a few notable risers and no significant fallers. At the time of writing the market was in a state of neutrality according to the Fear and Greed Index, maybe the recent dip we experienced is over? One thing is for certain there are still plenty of great buying opportunities.

Talking of great buying opportunities it is worth mentioning one thing in passing before we move on to this week’s list. As you may have noticed we have three common themes which we follow and try to impress upon our readers. Firstly, always focus on the fully diluted market cap of a token when assessing a token’s value, secondly, avoid memecoins and finally take profits. There is a fourth. Be very careful when investing in tokens which have a metaverse angle. There are going to be thousands of new tokens coming to the market to capitalize on the metaverse craze and we are sorry to say but 99% of these will be total crap. Tread carefully and don’t be attracted by the latest shiny metaverse play unless it truly has something unique. Don’t worry, we are on the lookout for these gems as well and you will be the first to know!

The biggest winners were:

Rentible +61%

Bridge Mutual +39%

Handshake +29%

Yield App +28%

And the losers:

PlotX -10%

Haven -7%

Developments

We downgraded PlotX from a hold to a sell. This is a project that doesn’t seem to be gaining any traction. Operating in an area that is bound to be the focus of regulators attention, not to mention it’s Indian bias, a country that is on the verge of banning ‘private’ cryptos, whatever that means, this is a crypto to consider divesting.

View this week’s Micro Cap Watch List here and subscribe to receive it free in your inbox every Friday.

Other goings on

Moonshot’s latest moonshot

Watch Moonshot’s latest show where he reveals yet another undiscovered and undervalued cryptocurrency.

This week’s potential moonshot is one of our favorite picks for some time.

Catchy is a project that can truly be described as undervalued and undiscovered. Unlike many projects of its size it has an operating platform that is already gaining traction and rave reviews. With a market value of under $500,000 this is a hidden gem, in our opinion of course.

For the sake of full disclosure we are both users of the Catchy wallet tracker and investors in their token.

You can listen to Moonshot’s latest show here:

PLEASE SUBSCRIBE AND LIKE

Podcasts

Moonshot Monday podcast

Listen to last Monday’s show which explores three of our six favorite moonshots.

Inside Track

This week we released a new Inside Track podcast from Rx SeedCoin. With the ticker SOW, this project is all about combining cryptocurrency with compassion. Their focus is on feeding the hungry, sheltering the homeless and caring for the sick. Find out more about Rx SeedCoin, whose goal is to make a difference here.

Staking guide

This week we review the overall staking market and discuss the steps investors should take to protect themselves from impending regulation. We also review three projects suggested by our community, one of which we wish they had kept to themselves!

Weekly staking and yield farming guide

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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