In this episode of the BeInCrypto video news show, host Jessica Walker looks at our picks for the low cap gems of June. We will introduce each platform and analyze recent price movements.
Ellipsis Finance is an authorized fork of Curve Finance, which is an efficient AMM for stablecoins itself. The beauty of Ellipsis Finance is that there are no deposit or withdrawal fees and no lock-ups on liquidity. This makes it extremely attractive for liquidity providers.
The native token for Ellipsis Finance is the EPS token, which the protocol describes as “value-capturing.”. This means that users can stake it to receive a portion of the trade fees generated during exchanges. Ellipsis distributes the token as an incentive to liquidity providers in a process known as “Liquidity Mining.”
Currently, the project has over $3 billion in total deposits. It has distributed over $1.1 million in fees to $EPS holders, which is an impressive feat for something that launched a month ago.
The EPS chart also attracted our attention.
The last several days have seen the price double, and if the $1.58 level is broken, we could see another 100% jump to levels from the start of May.
LYX3 (pronounced LUKSO)
LUKSO is a multiverse blockchain network that interconnects the worlds of fashion, gaming, design, and social media. Through its smart contract-based blockchain, LUSKO is designed to bring blockchain to the masses.
It proposes to do this by providing a series of standards and solutions for physical and digital consumer goods. Former Ethereum Developer Fabian Vogelsteller, a contributing author of ERC20 and ERC725 himself, created LUKSO.
LUKSO’s chart is up 30% in the last week and could be making a breakout while we’re recording this video.
If it manages to breach the downtrend, you see marked with a red arrow. Then we could see a significant move upwards in June for this low cap gem.
LockTrip.com is a blockchain-based travel marketplace that cuts out the middleman like many decentralized applications (dApps). Users can choose among various payment methods, including credit cards, popular cryptocurrencies, and the native LOC token, to bypass payment fees.
LockTrip’s stated mission is to make travel more accessible by bringing down prices for the average user. Additionally, LockTrip’s business model funnels the entire economy through the LOC token. Each booking made on the marketplace results in 3% of the booking value used to buy LOC from exchanges and burn them.
The chart here shows a stable uptrend recently confirmed by a “higher low” level about ten days ago.
The price did drop in line with the big boys but it’s definitely recovering faster.
CENNZ (pronounced Centrality)
CENNZnet is a public blockchain network that powers dApps, as well as the cryptocurrency CENNZ and CPAY. Their core mission is to provide a user-friendly experience for both dApp developers and their end-users. Additionally, Centrality is a fast-growing platform with over 250,000 active users.
They’ve just added an NFT module, and it seems there is increased optimism for its growth prospects, which the chart reflects. Another reason we’ve included it on our list because it’s breaking through a critical level at $0.85.
This comes after a 65% run-up in the last week, so it’s perfectly poised to grow in June.
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