Propose an edit: Microcap and lowcap

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Title Category One sentence summary Infobox, one "key: value" per line Article body, markdown, use [[wiki links]] and end with a ## References section

Microcap and lowcap are informal size tiers for tokens with small market capitalizations, used both as categories ("a microcap gem") and as a trading style ("he only plays lowcaps"). Traditional finance defines micro cap as roughly 50 to 300 million dollars of capitalization, and crypto glossaries such as CoinMarketCap's carry similar figures, but trench usage runs far smaller: in meme coin trading a microcap is commonly a token under about one million dollars, and a lowcap anything early enough that a single viral moment could multiply it many times. The terms are relative to the speaker's ambitions rather than to any fixed table.

## Usage

The tiers encode a risk and reward gradient. A lowcap can do a hundred x precisely because it is small, illiquid, and unknown, and the same properties make it likely to go to zero; glossaries uniformly describe the tier as the most speculative in the market. Trench culture builds identity around the choice: microcap hunters pride themselves on being earlier than [[kol]] attention, entering before a token is [[dex paid]] or trending, while critics note that most "early" entries are simply wrong. Related phrasing includes "sub 1M" and "sub 100k" (referring to capitalization at entry), and calling a token "still a lowcap" is a standard [[shill]] argument implying room to run, discussed further under [[mcap and fdv]]. Because low capitalization means thin liquidity, exits are the hard part: a position that ran fifty x on paper may be unsellable in practice, a lesson usually learned through a [[roundtrip]]. Microcap hunting concentrates in the [[trenches]] on launchpads like [[pump fun]], where every token starts as the smallest possible cap and [[graduation]] marks the first size milestone.

## References

- https://coinmarketcap.com/academy/glossary/micro-cap
- https://tangem.com/en/glossary/micro-cap/
- https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-micro-cap
- https://www.fxstreet.com/cryptocurrencies/news/meme-coin-traders-hunt-for-the-next-pepe-ape-into-low-market-cap-projects-for-gains-202304240857

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