Looking at the current crypto landscape, there's plenty of opportunity in the sub-$400M market cap segment. We've identified 10 projects worth examining more closely for those exploring smaller-cap opportunities.

The list spans various sectors and use cases: $SUN, $RIVER, $FARTCOIN, $GNO, $NFT, $PIPPIN, $XCN, $RAY, $H, and $DEXE. Each brings different narratives to the table—from DeFi protocols to gaming and utility tokens.

What makes this bracket interesting? You get exposure to projects with real development potential but without the liquidity constraints of microcaps. Sure, volatility comes with the territory, but so does asymmetric upside if fundamentals align.

Whether you're building a diversified portfolio or hunting for your next conviction play, these sub-$400M projects deserve a closer look. Do your own research, though—market cap alone doesn't tell the full story.