As promised I have been researching more micro caps. I consider a micro cap when the market cap is under 50 million dollars. The dangers of micro caps is that because they have such little liquidity, sometimes it is hard to buy and sell without moving the price(slippage) too much. PLUS another danger is that it does not gain steam and fails to reach the majority.
I found DUBBZ recently. They have a very active development team and volume is starting to pick up. YES, I know it has risen quite a bit over the past day but it is still under a $6 million market cap which is incredibly low. I purchased a small amount with under 1 percent of my cash on hand. I used up some of the proceeds that I obtained from my recent sales of the underperforming coins.
Here are some of the key features of DUBBZ:
Contract Address: 0x38029C62DfA30D9FD3CaDf4C64e9b2ab21DbDa17
Website: http://dubbz.com/token
I bought this at .54 cents. I ONLY put in what I was willing to lose. Please DYOR if you decide to copy this trade. In the meantime I will be searching for more of these. Stay tuned.
Disclaimer: This article is for educational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk; you should always do your own research before making any investment decisions.