Top 7 Undervalued Cryptocurrencies [Huge Profits on Smaller Coins]
The world of crypto is still evolving, and there are still market shifts that allow savvy, in-the-know traders to turn massive profits just by being aware of the scrappy underdogs. While investing in the big coins, like Bitcoin, Ethereum, Litecoin, and Ripple is nice and easy, the best possible returns are found by taking a chance on some lesser known coins. In this article, we will lay out what we believe to be the 7 most undervalued cryptocurrencies:
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Maker (MKR) is the token of MakerDAO, one of the world’s most recognizable and powerful blockchain and cryptocurrency companies. MakerDAO is responsible for stabilizing the value of the DAI token, pegged to USD. They also deal in loans and community governance, what many blockchain experts believe are two currently very underserved areas. The MKR token is not a stablecoin, so investment in it is a bet on the future of MakerDAO, which seems to everyone to be very bright. Getting in on MKR before it becomes the next ETH is a smart move.
Recently, someone used the MakerDAO platform to take out a loan of nearly $1 million USD. The transaction cost of this loan? A mere 73 cents.
Basic Attention Token (BAT) is a unique and potentially revolutionary token. BAT solves a unique modern problem with a unique modern solution. In the modern day, digital advertisers are struggling, as people got so fed up with the ads they were being fed constantly that they installed Ad Blockers and took other measures to make their advertisement experience better. BAT’s goal is to make digital advertising a more equitable and valuable experience for everyone involved. Brave Browser is a web browser on blockchain that is tied to BAT. BAT is exchanged between publishers, advertisers, and users in a way that monetizes peoples’ time spent watching ads. With Brave and BAT, the entire paradigm of digital advertising shifts.
Chainlink (LINK) is an oracle service which takes information from the outside world and connects it with blockchains that otherwise would not be able to access this information. Participants in Chainlink are incentivized to feed smart contracts external data through LINK token. While perhaps not as flashy as some of the other cryptocurrencies on this list, LINK is simplistic, has real demand behind it, and is only likely to increase in value over the next several months and years.
At the risk of sounding like a certain famous Saturday Night Live character… 2019’s hottest cryptocurrency is ATOM (Cosmos). It has everything; an ecosystem of connected blockchains, scalability, usability, and interoperability. Interoperability, you know, that thing where previously a bunch of blockchains were separate from each other and could never communicate, but now with Cosmos they can?
Cosmos has many advantages over its competitors, and that was reflected nearly immediately after the launch of the ATOM token. As a platform, Cosmos’ future is bright, and as it matures, ATOM is sure to only increase in value.
VeChain (VET) is a public blockchain ecosystem with a large focus on current real-world applications of blockchain technology, especially in the supply chain. While perhaps not as romantic as some of the other cryptocurrencies in this list, VET is a solid bet that indicates that you’re bullish not only about blockchain’s future, but about blockchain’s present. VET took a bit of a downswing recently, especially compared to the cryptocurrency market, but their current projects (like their recent partnership with Walmart) is sure to see the value of VET increase steadily in the near future.
Nano (NANO) had one of the most memorable spikes of the late 2017 Crypto Boom, going from $0.10 to a massive $37.00 before finally cooling off a bunch. This boom and decline was certainly reflective of the general crypto market trends of the moment, but Nano’s rise and fall was very notable because of what the project is doing. Nano aims to completely change how money is exchanged. Decentralization and accessibility are two words that Nano bases all of their work around. Of all of the cryptocurrencies on this list, you could argue that NANO has the highest ceiling, so a small investment in it could pay mind boggling dividends in the future.
Fetch (FET) is an up-and-coming cryptocurrency with an excellent team, significant backing, and the right ideas and strategy. Their objective is to create a dynamic layer technology, using digital entities that can transact independently of human intervention.
FET is currently very, very cheap, and the grand idea of Fetch is something that many experts in the know are very excited about. Just like Nano, if Fetch’s vision is to be realized, FET tokens are going to be one of the biggest jackpots of any investor’s life.
While the craziness of late 2017 and early 2018 is over, that doesn’t mean that you can’t still make an absolute killing in the crypto market. You just need to know where to look. Experts believe that all of these cryptocurrencies would make excellent investments at this point in time. However, if you are looking for guaranteed positive returns no matter the market, you should look at RoninAi. RoninAi harnesses the power of artificial intelligence and machine learning to predict future cryptocurrency price trends with incredible accuracy. To learn more about RoninAi, go here.