5 Micro Cap Crypto Gems to Watch This May

Following the market-wide selloff in April, cryptocurrency prices have recovered, and buying opportunities could be profitable in May before the next leg up. Nonetheless, investors looking for the biggest upside potential ought to think about micro-cap cryptos. 

In bullish market conditions, these projects' low market caps often enable much higher upswings due to increased volatility. Depending on their level of risk tolerance, people frequently define micro-caps in different ways. Projects with a market capitalization of less than $50 million are referred to as microcaps in this article.

Let's now examine the top five microcaps that are recommended for tracking.

Dogeverse

As one of the pioneering meme coins, Dogeverse is a unique Doge-themed cryptocurrency first to be launched on two blockchains at once. The community is incredibly excited by the project, evident in its presale raises which has so far secured over $13m worth.

The project will cross-chain-hop the grand pathway of Avalanche, Polygon, BSC, Base, Ethereum and Solana.

This milestone makes Dogeverse susceptible to an unprecedented on-chain liquidity, in turn helping the project's odds of a successful exchange launch.

More importantly, the multichain approach obfuscates key differences between blockchains and instead forms a united meme coin coalition unhampered by petty arguments over which networks are best.

Additionally, Dogeverse released a staking mechanism that offers a 75% annual percentage yield (APY) in an effort to achieve long-term success. This will, however, diminish as more tokens are staked.

With just a few hours remaining before the exchange launches, market participants have limited time to purchase during the Dogeverse presale.

Helium IOT

The story of decentralized physical infrastructure, or DePIN, is one of the most exciting ones in cryptocurrency. Helium IOT aims to create a decentralized internet infrastructure, whereas many DePIN projects concentrate on offering processing power for AI and other energy-intensive applications.

IOT is down 4.9% recently, 8.5% this week, and 17% for the month. Now, the price is $0.001168. However, it's up 106% this year. The market capitalization of the project is $30.8 million.

Since Helium IOT is a native token of Solana, it can take advantage of the network's fascinating market dynamics and abundant on-chain liquidity.

Additionally, the project boasts its own hardware in the form of "Helium Hotspots," which allow operators to earn Helium tokens while providing wireless network coverage for low-power cellular or "internet of things" devices.

Presently, more than 900,000 Helium Hotspots are operational worldwide, with more than 380,000 of them linked to Helium's Internet of Things network.

Sealana

The latest memetic trend in the Solana presale circuit is Sealana. This latest seal-themed memecoin is replacing the other seemingly choleric coins like Slerf and Book of Meme, all went to massive caps becoming such millionaires.

Nonetheless, led by Lambos dreams and its own excess gains, Sealana is prepared to one-up his forefathers with each single commerce in the hopes of cooperating into meme coin stardom.

With $250K raised thus far, Sealana is still in its early stages and is presently going through a presale. This offers the ideal chance to arrive early, 

Rumors that Sealana was created by the Slerf team are circulating, which heightens the excitement. This would be extremely bullish considering Slerf's remarkable post-sale success.

Since its launch, Sealana has been the subject of extensive coverage, garnering support from prominent analysts and media outlets such as CryptoPotato, BeInCrypto, and CoinGape. Therefore, it would not be shocking if an experienced group like Slerf's team was maintaining its momentum.

Because there isn't a set hard cap on the Sealana presale, prospective investors must act quickly to avoid losing out.

VPS AI

A few noteworthy AI cryptocurrency projects are still in the microcap range, despite the fact that many of them have achieved ten-figure market caps. Recent performance has been among the best for VPS AI.

The project is a blockchain VPS GPU network with decentralized AI.

The price of VPS is $0.04267. Its price is down 3.2% this month, but up 15% today and 11% this week. At present, its market capitalization is $3.7 million.

As the market as a whole is experiencing a downturn, its recent strong performance indicates that investor interest is accelerating. It has also surpassed other AI cryptocurrencies.

Attracting developers and clients to buy cloud computing power is a major priority for VPS AI. This is a significant departure from the majority of other AI projects, which concentrate on growing their GPU networks.

Although the optimal approach is still up for debate, VPS AI's emphasis on early revenue growth may be able to supply the funding needed for expansion and improvement over the long run.

Kira Network

Kira Network is a part of the emerging data availability space in cryptocurrencies, which aims to improve communication and interoperability between blockchains and decentralized applications (dApps).

KEX is currently trading for $0.05137. It is up 5.4% today, down 35% this month, and down 14.8% this week. However, it's up 35% this year. 

With a market capitalization of $11 million, the project is the least valuable cryptocurrency on CoinGecko in terms of data availability, giving a 3x chance to overtake the next largest token.

On its website, Kira Network claims that by enabling developers to code more easily, it is "pushing the limits of trustless computing." 

Developers are able to "deploy code that can be trusted without the need for smart contracts, application-specific side chains, or operating any complicated infrastructure."

The project has an impressive 20K X followers on social media, and prominent influencers like CryptoWizardd follow it, despite having a small market capitalization.

Conclusion

So to summarize, there is a lot of potential upside in micro-cap cryptos such as Dogeverse, VAIOT Helium IOT Sealana and Kira Network thanks offers low market capitalizations relative to their fresh deflationary assets or tech innovation. While Dogeverse offers the ability to go multichain with a meme coin, Helium IOT can be used for scalable and decentralized Internet infrastructure or VPS AI as kind of decentralised Ai network. 

These micro-cap gems stand to produce substantial returns if they grow and find a footing in the market place. As with any investment, you should take the time to thoroughly research best practices for risk management and understand all other risks before making your investments.