Undervalued Cryptocurrencies: Small Price Tag, Massive Potential

Undervalued Cryptocurrencies

As bitcoin stabilizes and becomes less niche and more practical, investment potentials dwindle. But don’t fret, here are the undervalued cryptocurrencies that could be the next big thing in investments.

Realistically, bearish Bitcoin markets have put a damper on many investment focused transactions. While this may be a sign of great things to come for this particular digital currency, what it lacks is the massive boom & bust buy and sell that in 2017, made bitcoin so incredibly alluring.

A stabilizing bitcoin market means that the focus is indeed shifting from investment potential into the peer-to-peer global currency that it was designed to be. But not all coins have seen this manner of adoption, meaning that there are still coins out there that offer minimal risk in conjunction with maximal returns.

However, 2018 & 2019 brought with them a landslide of almost useless shitcoins (yes, that’s the actual term). Pumping up the number of available cryptocurrencies to over 2300 by the end of 2019. Most of which were not only gone but most definitely forgotten. Becoming bricks of useless commodities, filling money pits.

So, how do you choose from the wide number of altcoins selling at pennies? That’s easy, you find the ones with the absolute best potential.

Read more articles about Bitcoin like The Most Efficient and Cost-Effective Bitcoin Tumbler of 2020 or Bitcoin Regulation: New Year, New Rules.

Lucky Seven: The Most Undervalued Cryptocurrencies Likely to Turn a Profit in 2020

1.  Monero

Despite trading at about $65 today, Monero is a shockingly undervalued coin whose current user base is rumbling. Monero is one of the top coins to invest in today, specifically as a global regulation start to push against the fungibility of the more popular Cryptocurrencies like bitcoin and ethereum. Monero uses a unique proof-of-work system that is guaranteed to obfuscate user identity from the public ledger.

This sort of anonymity is highly sought after within the sphere of cryptocurrencies and is only poised to become rarer. Making any coin with this level of security a soon to be must-have. Keep your eye and your investments on Monero.

 

2.  Ethereum

While it might come as a shock, it’s incredibly true. Ethereum is a highly undervalued coin, regardless of its commonality. Ethereum’s smart contract capabilities and novel approach to blockchain technologies has already set it far apart from the pack. However, with ethereum, scalability has always been a serious issue. Slow transactions due to overburdened networks mean massive transaction fees. Ethereum is also fairly contained to the IT and computer sciences savvy, largely due to the complicated programming language they use.

While these may all seem to explain exactly why ethereum is valued as is it now, Ethereum has suggested that it will be releasing a fork in 2020. Ethereum 2.0 hopes to solve all of these common issues and make the network far more accessible to everyone- meaning that values could rise starkly in the future.

 

3.  Cardano

Cardano has hopes to be Ethereum 2.0 before ethereum 2.0 is released. Another smart contract platform, Cardano has taken influences from all of the best blockchain technologies and improved on them tenfold. It’s secure, stable, scalable, and decentralized making it incredibly useful to the business layman.

Cardano is backed by an incredibly competent development team, comprised of the industry’s top professionals. This team is also incentivized to stay and help Cardano improve, using a proof-of-stake consensus mechanism. Meaning that Cardano should be able to meet market demands with ease.

 

4.  Basic Attention Token (BAT)

This coin was developed with a very specific market in mind. Aimed at digital advertising, BAT is intended to be the go-to token for open-source, decentralized digital advertising platforms that use blockchain technology. BAT was created by the big brain behind JavaScript and co-founder of Mozilla & Firefox.

As online privacy becomes ever a more central concern of most web users, BAT is integrated with a privacy-focused web browser called “Brave”. Which is designed to block ads, allowing content creators a new way of monetizing their content through becoming “Brave verified publishers”. Making it possible to earn a BAT directly from interactions with brave. Further eliminating intermediaries that drive up the cost and tear down revenue in the digital advertising world.

 

5.  Ravencoin

One of the newer hard forks of bitcoin, Ravencoin was designed with two specific purposes in mind: to help determine ownership of assets in a seamless way, and to make decentralized direct payments simple and possible. Trading at $0.022 per token, Ravencoin is incredibly undervalued for a coin that’s looking to be the next big name in financial securities.

Bruce Fenton, former Executive Chairman of the Bitcoin Foundation is credited as the creator of this coin, but Patrick Byrne, CEO of Overstock.com is a massive financial backer. With two powerhouse godfathers, Ravencoin already has the confidence of some big hitters.

 

6.  IOTA

A German non-profit, the IOTA foundation, launched a two-month demo of the Data Marketplace in 2018 with incredible responses. IOTAs Data Marketplace allows companies to buy and sell data- incentivizing data sharing. Instead of blockchain technology, IOTA uses a new and unique platform called Tangle. Enabling the Marketplace to be fully blockless, meaning all the transactions on the market place can be made without miners or transaction fees. Which is arguably one of the biggest problems behind blockchain modeled cryptocurrencies.

IOTA has deep roots in the Internet of Things, like smart homes and machine learning programs. Giving users a much-needed highway to share data between these devices.

 

7.  Nano

Nano exists somewhere between IOTA and Bitcoin. As they do indeed use blockchain technology, Nano has developed a novel take on the process so users can easily avoid transaction fees. How do you ask? Well- users verify their own transactions.

Each address on Nano has its own blockchain. Known as a “block lattice”. This is not only poised to eliminate transaction fees, but also to lower the energy consumption that hungry blockchain mining requires. It might surprise you to learn that Nano was initially debuted in 2015- as Raiblocks, but has since rebranded creating a price surge. Despite this renewed curiosity, the tokens are still selling at $0.69, so best to get them now before everyone catches on.

8.  Steem

Open-source and scalable, Steem is fast. Steem is actually a digital token designed to reward participation and content creation on the site, called Proof-of-Brain. Outside of that catchy play on “proof-of-work”, Steem is one of the fastest and most efficient blockchains in existence. Something similar to Reddit coins, Steem coins are actually “mined” via the contribution of valuable content, or helping to curate the value of the content of others.

There are no transaction fees and it’s one of the first developers of blockchain-powered social media. Filled with a highly active community, Steem members have made it into one of the most actively used blockchains in the world. It’s just currently. a really well-kept secret.

Read more articles Crypto Trends 2020: What You Need to Watch or Bitcoin Laundering: What is It?.

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