Explore Small Cryptocurrencies for Investment
Intro
The world of cryptocurrencies can be a jungle, with the larger players like Bitcoin and Ethereum taking center stage, while smaller coins simmer in the background. However, buried amongst the mainstream giants are smaller cryptocurrencies that present unique investment opportunities. Often overlooked, these digital currencies can provide significant growth potential for those willing to dive a little deeper.
As the cryptocurrency market matures, understanding the factors influencing the value of these less known assets has become essential. Many investors, both seasoned and new, are now looking beyond the obvious, eager to explore the untapped potential provided by nimble and small-cap coins. In this guide, we will traverse the landscape of small cryptocurrencies, assess their market trends, and outline approaches and strategies that could lead to fruitful investments in this underappreciated arena.
Market Analysis
Current Trends and Patterns
In the realm of small cryptocurrencies, trends can shift faster than one might anticipate. The emergence of decentralized finance (DeFi) and non-fungible tokens (NFTs) has brought a wave of innovative projects to the forefront, influencing the butterflies of smaller coins. Many of these projects integrate smart contracts and offer solutions to real-world problems.
For instance, platforms like Avalanche and Solana have shown remarkable growth, pushing up the visibility of smaller coins within their ecosystems. While larger cryptocurrencies often grab headlines for price surges, smaller players like Aavegotchi and Serum are riding the coattails of such innovations, driven by increased user interest and speculative investments. Investors should keep an eye on community activity, unique offerings, and how these aspects align with wider market sentiments to gauge potential movements.
Historical Price Movements
The price behavior of small cryptocurrencies can be significantly different from their larger counterparts. Smaller coins may experience dramatic price swings, driven by factors such as trading volume, investor sentiment, and market cap fluctuations. Historical data from platforms such as CoinGecko or CoinMarketCap reveals that some lesser-known cryptocurrencies have seen rapid appreciation followed by considerable declines, marking the volatility that characterizes this segment.
Understanding these historical price movements can provide essential clues about future trends. For instance, reviewing how a specific coin reacted during past market rallies or downturns can give investors insights into its stability and investor behavior. Additionally, examining survival rates post-innovation cycles can be revealing; many small cryptocurrencies fail to gain traction while some emerge stronger, creating real value in the market.
"In the shadow of giants, small coins can carve their niche through innovation and community support, revealing avenues worth exploring in this asymmetric market."
Educational Resources
Guides for Beginners
For those venturing into the world of small cryptocurrencies, starting with foundational knowledge is crucial. Certain platforms provide educational resources catering specifically to varying levels of expertise. Websites like Investopedia and CoinTelegraph offer beginner’s guides, detailing the basics of cryptocurrencies, wallet management, and security best practices.
Moreover, forums such as Reddit present a community-driven approach to learning, where enthusiasts share experiences, insights, and occasionally important warnings. This communal knowledge can be exceptionally valuable as it contains real-world experiences from fellow investors navigating similar waters.
Advanced Investment Strategies
Once the fundamentals are grasped, diving into advanced investment strategies can help in making informed decisions regarding smaller cryptocurrencies. Tactics like conducting fundamental analysis, studying whitepapers thoroughly, and understanding tokenomics are essential for investors looking to get their feet wet in higher-stakes waters.
While exploring these strategies, utilizing tools such as TradingView can help in analyzing price patterns and making technical assessments based on historical data. Engaging with platforms like Medium can also expose one to thought-provoking articles from industry experts sharing their investing philosophies.
Through continued education and keeping a pulse on market sentiment, it is possible to carve out a successful path in the realm of small cryptocurrencies. The information and tools available today can empower investors to make well-informed decisions amid the thrilling uncertainty of this evolving market.
Preamble to Small Cryptocurrencies
The world of cryptocurrencies is vast and complex, often overwhelming for even the most seasoned investors. Among these digital assets, small cryptocurrencies—those with modest market capitalizations—represent a unique and often overlooked segment. Their importance cannot be overstated, as they offer opportunities for potential growth that are rarely found in their more established counterparts. This guide aims to illuminate the characteristics, potential value, and risks associated with these smaller coins.
Defining Small Cryptocurrencies
When we refer to small cryptocurrencies, we usually mean those with lower market capitalizations compared to major currencies like Bitcoin and Ethereum. These coins often carry a market capitalization under $1 billion. It's worth noting that market cap is calculated by multiplying the total circulating supply of coins by their current market price. While these smaller coins may not have the same level of recognition, they can present significant opportunities for savvy investors.
To grasp the landscape of small cryptocurrencies, one must also understand that the criteria for what constitutes 'small' can vary widely depending on market conditions.
Comparing Market Capitalization
Market capitalization serves as the primary metric by which investors evaluate a cryptocurrency’s size and potential stability. To paint a clearer picture:
- Large-cap cryptocurrencies (like Bitcoin and Ethereum) generally have robust backing and established ecosystems, often seen as safer bets.
- Mid-cap cryptocurrencies can offer a balance between potential growth and risk, making them appealing to many investors.
- Small-cap cryptocurrencies, however, while riskier, often present the most remarkable potential for returns.
Investors need to recognize that while market cap provides essential insights, it isn't the only factor to consider. The liquidity of the coin, its trading volume, and the community backing it are also significant in shaping its credibility.
Value Proposition of Smaller Coins
Smaller cryptocurrencies frequently boast unique value propositions that set them apart. They might be designed to solve niche problems or tap into specific market needs. Some examples of their advantages include:
- Innovative Technology: Many small coins leverage cutting-edge technologies, which can lead to breakthroughs in various sectors, whether it's enhancing digital privacy or facilitating decentralized finance.
- Lesser Known: Their lower profiles can often mean less market saturation, translating to higher growth potential if these cryptocurrencies capture investor interest.
In many cases, small cryptocurrencies become catalysts for broader industry change. They could introduce new ideas or business models that challenge traditional systems, thus drawing attention from investors who are keen on supporting innovation. However, as the phrase goes, "not all that glitters is gold," and due diligence is essential.
"Investing in smaller coins requires not just a keen eye, but the willingness to accept considerable risk as well."
As potential investors, it is vital to stay informed and approach with thoughtful consideration. Small cryptocurrencies can indeed be treasures waiting to be discovered, provided that their risks are properly managed.
Investment Rationale for Small Cryptocurrencies
Investing in small cryptocurrencies can often feel like tiptoeing through a minefield, but when approached with clear knowledge and strategy, the value proposition can be compelling. Many assume that small coins lack the gravitas of larger cryptocurrencies like Bitcoin or Ethereum, but this notion can obscure the potential for significant gains that smaller coins offer. Investing in these lesser-known gems can not only diversify an investor's portfolio but also open doors to innovative projects that could reshape the digital landscape.
Potential for High Returns
Small cryptocurrencies frequently exhibit a higher volatility compared to their larger companions. This characteristic might seem like a perilous jump into uncertainty, but it does signify the potential for high returns. When considering smaller market cap coins, there's a chance that even a minor uptick in popularity or utility could translate into monumental gains. For instance, take a project like Polygon in its early days. This platform was relatively obscure, but with growing adoption and technological advancements, its value skyrocketed. Investors with a keen eye can spot similar opportunities where rapid price movements can yield substantial profits.
Market participants should recognize that with great reward comes great risk, especially as prices can swing wildly in either direction. Thus, any potential investor should approach this arena with both curiosity and caution.
Diversifying Investment Portfolios
A well-shot portfolio is often compared to a well-cooked meal—balanced, varied, and featuring key ingredients that work harmoniously together. By incorporating small cryptocurrencies into an investment strategy, an investor can mitigate risk while simultaneously tapping into different sectors and use cases within the ever-evolving crypto marketplace.
For example, an investor with holdings in major coins might choose to allocate a small percentage of their assets to an up-and-coming coin such as VeChain, which focuses on supply chain management solutions. Even a nominal investment can prove lucrative if the project gains traction, helping to balance out fluctuations in larger holdings.
- Serendipitous Growth: Smaller coins may thrive in niche markets that are overlooked by larger players.
- Increased Demand: As awareness of a small coin grows, the demand can elevate its value significantly.
Ultimately, a diversified portfolio equipped with both large and small cryptocurrencies can weather market shifts and create a more resilient investment strategy.
Engaging Communities and Ecosystems
Another aspect that sets small cryptocurrencies apart is the level of community engagement and support they often cultivate. Smaller projects may boast dedicated communities that are enthusiastic about the coin's purpose and potential utility. Unlike larger coins, where stakeholders might feel like a drop in the ocean, smaller coins enable a direct line of communication between developers and users.
Communities such as those surrounding Dogecoin or Shiba Inu have shown that passion can drive a project to unexpected heights. This community backing often translates into increased adoption and practical solutions that resonate with everyday users.
"Investors should be aware that a strong community can be a real lifeblood for success in the cryptocurrency landscape."
Key Metrics to Evaluate Small Cryptocurrencies
In the fast-evolving world of small cryptocurrencies, understanding key metrics is essential. These metrics offer insights into the underlying health and potential success of various digital assets. Without a solid grasp on these indicators, investors might find themselves wandering in a maze, often led astray by hype or misleading information. It’s prudent to evaluate these coins meticulously before deciding to allocate any funds.
Market Activity and Volume
Market activity and trading volume are cornerstones in the evaluation process. They provide a window into how actively a cryptocurrency is being traded, which can, in turn, indicate its liquidity and stability. A higher trading volume often implies robust interest from investors, signaling potential growth. Conversely, low trading volumes may indicate a lack of interest, making it harder to enter or exit positions without significant price impact.
In practical terms, monitoring the daily trading volume can give clues about short-term trends. If a coin's volume spikes suddenly, it could indicate either enthusiasm or speculation. Investors watch for sudden changes in volume, as these can precede price surges or declines.
Additionally, traders should be aware of the market depth. This regards how many buy and sell orders exist at various price points. A deeper market has many orders at tiny intervals, reducing price slippage, which is important for larger trades. If a coin shows consistent volume over time, it could be a sign of reliability worth considering.
Project Development and Roadmaps
Another critical metric is the project’s development and future roadmap. This insight provides transparency into the cryptocurrency’s potential and longevity. A well-organized roadmap lays out a clear plan for future upgrades, partnerships, or expansions. For instance, if a project promises a new feature or integration with other platforms but lacks a timeline, it raises questions about their commitment.
Monitoring GitHub activity or social media updates can also offer hints about a project's health. Active development typically means a dedicated team is continuously improving the product. If you look at it, a stagnant project is often a red flag. Successful blockchain projects prioritize constant innovation, and they should be able to demonstrate progress through regular updates or community involvement.
Moreover, community engagement is not just a nice-to-have; it can be the lifeblood of a cryptocurrency. Strong communities often contribute to a project’s value by providing feedback and support, which can lead to increased adoption and market appreciation.
Technical Assessments and Analysis
With the sheer number of small cryptocurrencies available, technical assessments become essential for discerning real value from the fluff. This involves analyzing the underlying technology that powers a specific cryptocurrency. Does it utilize a secure, efficient consensus mechanism? Are there elements in its design that suggest resilience against common vulnerabilities, such as forks or hacks?
Investors often use analytical tools and charts to examine historical data on price movements and trading volumes. A clear understanding of support and resistance levels, as well as patterns such as triangles or head-and-shoulders, can guide investment decisions. Furthermore, blockchain explorers provide a wealth of information about transaction volumes, outstanding coin supply, and the number of transactions processed, which paint a comprehensive picture of a coin’s activity.
In addition to technical analysis, it's crucial to stay updated on market conditions and potential regulatory impacts. The crypto market is notoriously influenced by news cycles. A sudden regulatory change can affect market dynamics, causing shifts in sentiment that lead to sharp movements in price.
In summary, evaluating small cryptocurrencies requires an in-depth look at market activity, project development, and technical metrics. By examining these key aspects, investors can navigate the complexities of the cryptocurrency space with better confidence and insight.
Notable Small Cryptocurrencies to Consider
When diving into the world of small cryptocurrencies, it’s crucial to identify which ones hold promise and can withstand market fluctuations. Not all lesser-known coins are created equal; some showcase solid fundamentals, while others fall short. Understanding what sets certain small cryptocurrencies apart can be key to making informed investment decisions. This section will explore coins that have shown potential for growth, innovation, and community engagement.
Emerging Projects with Strong Fundamentals
Emerging cryptocurrencies often command attention due to their innovative solutions and unique propositions. While big names like Bitcoin and Ethereum dominate the market, several smaller projects are carving out niches that could lead to significant returns for savvy investors. Projects like Chainlink and Avalanche have developed strong use-cases that adopt unique consensus mechanisms to attract users and developers alike.
Some promising attributes of emerging projects often include:
- Robust Whitepaper: A detailed plan of action illustrates the project's operation, potential and goals.
- Active Development Team: A team with a proven track record can provide confidence in ongoing updates and reliability.
- Innovative Technology: Cutting-edge tech solutions that solve real-world problems often have an advantage.
Investors should thoroughly evaluate these fundamental elements, as they often indicate long-term viability.
Recent Innovators in the Crypto Space
Innovation stands at the forefront of cryptocurrency, and recent entrants into the market showcase varied and novel applications of blockchain technology. SushiSwap, for example, enhances decentralized finance by community governance and unique features that other exchanges might lack. These innovative projects often come with enticing incentives like yield farming, staking rewards, and more.
Additionally, factors to keep in mind when considering these innovators include:
- Unique Selling Proposition: What makes this project different from others?
- User Adoption: Is there a growing user base, and how actively is the tool being used?
- Partnerships and Collaborations: Working with reputable organizations can be a positive sign.
Investing in innovative projects might lead to high reward, but it often carries higher risk due to market acceptance.
Community-Driven Tokens and Their Potential
The rise of community-driven tokens highlights the significance of user involvement in a cryptocurrency's longevity. Projects like SHIBA INU have gained traction primarily because of community enthusiasm and clear missions surrounded by social impact.
These community tokens often bring particular benefits:
- Engaged User Base: A passionate community can drive development and create a hype around the token.
- Transparent Governance: Many of these tokens enable token holders to participate in governance decisions, fostering a sense of ownership.
- Active Promotions: Community members often engage in marketing efforts, creating organic interest and visibility.
When evaluating community-driven tokens, it’s critical to explore how the community functions and its goals, as these factors can serve as indicators of future performance.
Analyzing Risks Associated with Small Cryptocurrencies
Investing in small cryptocurrencies often resembles walking a tightrope. It’s an endeavor marked by significant potential for returns paired with an equally daunting backdrop of risks. A comprehensive understanding of these risks can empower investors to navigate the tumultuous waters of smaller coins, steering them away from potential pitfalls while strategically capitalizing on opportunities. In this section, we will explore three critical areas of concern: volatility and price fluctuations, regulatory and compliance challenges, and market manipulation practices. Each of these aspects plays a vital role in the investment landscape of small cryptocurrencies.
Volatility and Price Fluctuations
Small cryptocurrencies can swing like a pendulum, exhibiting extreme price volatility. This erratic behavior can be traced back to their limited liquidity compared to larger, more established currencies like Bitcoin and Ethereum. For instance, a small-market-cap coin might see its price jump or plummet by 20% or more within a single trading day.
The fluctuating nature of these assets is driven by several factors:
- Market Sentiment: A tweet from a prominent figure or a sudden regulatory news could trigger mass buying or selling.
- Investor Behavior: Enthusiastic traders often enter and exit positions rapidly, exacerbating price movements.
- Trading Volume: Lower trading volumes can lead to exaggerated price swings, resulting in an unstable market environment.
Thus, while this volatility might offer opportunities for remarkable gains, it also increases the risk of substantial losses. Investors need to keep a cool head and develop a keen awareness of market trends, distinguishing between genuine price movements and mere speculative noise.
"In the world of small cryptocurrencies, patience is not just a virtue but a necessary trait for survival."
Regulatory and Compliance Challenges
Navigating the regulatory terrain of small cryptocurrencies can be as tricky as a cat on a hot tin roof. Regulatory bodies are still trying to catch up with the rapid evolution of cryptocurrency. Many smaller coins operate in uncertain legal environments which can lead to sudden changes in their standing.
For instance, a cryptocurrency that currently enjoys popularity might become subject to new regulations or government scrutiny, potentially affecting its usability and value. Here are some of the regulatory challenges:
- Classification Issues: Small cryptocurrencies often find themselves in the grey areas of categorization. Are they securities? Utility tokens? This ambiguity can result in varying regulations across different jurisdictions.
- Compliance Costs: Smaller cryptocurrencies generally lack the infrastructure of larger firms, meaning the cost to comply with regulations can be overwhelming, ultimately leading to project failure.
- Legislative Developments: Changes in regulatory measures, such as bans or new taxes, can significantly impact small cryptocurrencies with little warning.
Investors, therefore, should stay informed and be adaptable, keeping abreast of regulatory developments to avoid being caught off guard.
Market Manipulation and Unscrupulous Practices
The phrase "buyer beware" couldn’t be more apt when it comes to small cryptocurrencies, given their vulnerability to market manipulation. Unscrupulous practices, such as pump-and-dump schemes, are more prevalent in this space due to the smaller number of players involved.
Understanding these risks requires investors to recognize:
- Pump-and-Dump Schemes: In these scenarios, a group inflates the price of a cryptocurrency through false hype, drawing in unsuspecting buyers only to sell off their holdings at a peak price. This often results in devastating losses for latecomers.
- Wash Trading: This is when a trader simultaneously buys and sells the same asset to create artificial market activity. This process can mislead investors regarding the asset's popularity and liquidity.
- Lack of Transparency: Many small cryptocurrencies lack robust reporting standards and transparency, making it challenging to assess their legitimacy and operations.
To mitigate the risk of falling prey to these practices, investors should conduct diligent research and approach unknown projects with a cautious mindset.
Strategies for Investing in Small Cryptocurrencies
The world of small cryptocurrencies is known for its dynamism and unpredictability. This segment of the market often presents unique investment opportunities, but navigating it requires a strategic approach. For those aiming to invest successfully in smaller coins, having a well-thought-out strategy can make a significant difference. The following sections delve into three key strategies: conducting thorough research, establishing an investment plan, and monitoring market trends. Each of these aspects plays a vital role in ensuring that investors make informed decisions, thus minimizing risks while maximizing potential gains.
Conducting Thorough Research
Before diving into the small cryptocurrency pool, proper investigation is essential. Knowledge is power, as the saying goes. Investors must educate themselves on various projects to identify which ones demonstrate promising fundamentals. This involves scrutinizing whitepapers, staying updated on project developments, and joining community discussions. Resources like CoinMarketCap, CoinGecko, and crypto-centric subreddits on Reddit can serve as excellent starting points.
Key aspects to focus on during research include:
- Application and Use Case: Does the cryptocurrency solve a real-world problem? Understanding its utility can help gauge long-term viability.
- Development Team: Investigate the backgrounds of the team members. A strong team with experience in technology or relevant fields can be a positive indicator.
- Community Engagement: An active and engaged community often reflects the strength of a project.
"Taking the time to conduct thorough research increases confidence and reduces the anxiety of investing in an unpredictable market."
Establishing an Investment Plan
Once research is conducted and a list of potential cryptocurrencies has been curated, developing an investment plan becomes imperative. An investment strategy outlines the goals, risk tolerance, and timeline, providing a solid structure to engage with the volatile nature of smaller cryptocurrencies.
When formulating a plan, consider the following:
- Investment Goals: Define what success looks like for you. Are you looking for short-term gains or are you committed to holding over the long run?
- Risk Assessment: Every investor has a different threshold for risk. Understand how much you are willing to lose and tailor your investments accordingly.
- Diversification: It’s tempting to put all your eggs in one basket, especially when excited about a particular project. However, spreading investments across varied assets can mitigate risks.
By having a set investment plan, you are less likely to make impulsive decisions based on market noise. Staying disciplined is key.
Monitoring Market Trends and Developments
The cryptocurrency landscape is ever-changing, making it critical for investors to stay informed about ongoing market trends and developments. Keeping an ear to the ground ensures you can react swiftly to potential changes that might impact your investments.
Here are practical ways to stay updated:
- Utilize News Aggregators: Websites like CryptoSlate or Decrypt compile news articles and insights about cryptocurrencies, enabling you to consume information quickly.
- Follow Influential Voices: Engaging with leading figures in the crypto community on platforms like Twitter can offer real-time insights and opinions.
- Regular Analysis of Portfolio: As trends shift, it is essential to regularly evaluate your investments. If a particular coin is consistently underperforming, it may be time to reconsider your allocation.
In summary, by strategically investing in smaller cryptocurrencies through thorough research, clear investment planning, and ongoing market monitoring, you can navigate the unpredictable waters of the crypto space effectively.
The Future of Small Cryptocurrencies
Small cryptocurrencies have garnered increased interest in the market, but their future holds a complexity that may surprise many. As we analyze trends and technologies, it's evident that these coins could be critical to the broader digital economy. The next few years will be pivotal for these smaller players.
Understanding the trajectory of these coins requires a reflection on technological advancements, market sentiment, and their long-term growth potential.
Technological Advancements and Innovations
The crypto world is in a constant state of flux, driven largely by technological breakthroughs. Innovations in blockchain technology, such as layer 2 solutions, are enhancing transaction speeds and reducing costs. For instance, a smaller coin could leverage these advancements to improve its scalability and usability, making it more appealing to both users and investors.
- Smart contracts are also making waves. A project with robust smart contract functionalities can enhance its utility, leading to increased adoption.
- Interoperability solutions are vital as they enable different blockchains to communicate. When a smaller cryptocurrency can easily integrate with larger platforms, it opens up new avenues for growth.
"The future success of small cryptocurrencies lies in their ability to adapt and innovate."
Market Sentiment and Adoption Trends
Market sentiment plays a crucial role in the performance of cryptocurrencies. Smaller coins, often sensitive to shifts in public perception and investor sentiment, can ride waves of enthusiasm or face significant backlash. Currently, investors are becoming more aware of previously overlooked coins.
- Community engagement: The involvement of communities around smaller projects often drives their adoption. Platforms like Reddit and Telegram serve as hubs where investors exchange ideas, news, and strategies, creating a vibrant ecosystem.
- Feedback loops: As these coins gain traction, they may attract attention from mainstream media and larger investment firms. The increased visibility can create a self-fulfilling prophecy, leading to higher prices and a broader user base.
Long-Term Viability and Growth Potential
When considering an investment in small cryptocurrencies, the long-term viability is critical. It’s essential to assess not just immediate gains but also potential value over time. Some key aspects to consider include:
- Use-case validity: Small cryptocurrencies that offer real-world solutions have a better chance of enduring.
- Development teams: Projects with transparent and skilled teams, showcasing continuous development, tend to inspire more trust from investors.
- Partnerships and collaborations: A smaller coin forming alliances with established businesses or platforms can significantly boost its credibility and potential for growth.
Final Thoughts on Small Cryptocurrency Investments
Analyzing small cryptocurrencies leads not only to potential financial gain but also to lessons about market dynamics, investor behavior, and the future of technology. Drawing conclusions from this section will give investors the ability to engage with the market more thoughtfully and strategically.
Balancing Risk and Reward
Navigating the waters of small cryptocurrencies necessitates a clear understanding of risk versus reward. While these lesser-known coins often offer tantalizing prospects for quick profits due to their low initial valuations, caution is essential. It’s a bit like tempting fate; one moment you could see high returns, and the next, you might face significant losses.
Consider setting a defined limit on how much you're willing to invest in these smaller assets. This way, even if the market veers off course, your financial health will stay relatively intact. It's about leveraging the excitement these investments offer while keeping a steady hand on your budget. Understand that volatility is the name of the game. A well-rounded strategy to minimize losses while chasing gains is fundamental.
Educating Yourself Continuously
In the crypto universe, change is the only constant. Monitoring trends, new regulations, and innovations in technology must be part of any investor's routine. Knowledge is power, as they say, and educating yourself continuously will place you several steps ahead.
There are various resources out there to help keep you informed: websites like Investopedia and online forums such as Reddit house discussions that can be illuminating for both newcomers and seasoned investors. Attending webinars and following thought leaders on social media might give insights you can't find in traditional media. A proactive approach to learning can significantly mitigate risks associated with investments in these up-and-coming cryptocurrencies.
Building a Sustainable Investment Strategy
Developing an investment strategy tailored to your individual risk tolerance and market understanding is crucial. Investing in small cryptocurrencies should not be a gamble; rather, it should be treated like establishing a flourishing garden. You want to plant your seeds wisely, nurturing the most promising projects, and not just watering everything in sight.
Consider the following steps when planning your strategy:
- Set clear goals: Define what you hope to achieve with your investments, whether it's short-term gains or long-term holding.
- Diversification is key: Don't place all your eggs in one basket; a mix of assets can lower your risk significantly.
- Regularly review your portfolio: The market can change overnight, so ensure your investments align with current trends and your financial goals.
"In investing, what is comfortable is rarely profitable."
For further information, consider visiting reputable sites such as Investopedia, CoinMarketCap, or community-driven platforms like Reddit.
