The cryptocurrency market is known for price volatility.
Beyond the price, there are tons of coins that have great potential to become the next big thing, but these are mostly buried underneath.
These coins are every investors dream.
Once you go over the fundamentals of Altcoin investing, it's time to have a look at the lay of the land.
How to find undervalued cryptocurrencies
With an influx of new coins, it’s hard to separate the coins with the greatest potential from the chaff.
At a time when marketing-induced hype is created by ICO owners, scams and coins that deliver “empty promises” are a common sight.
How do you find that needle in a haystack coin?
You need to carefully look at the team behind the project, the project’s use cases, developments, vision and roadmap to gauge their chances of success.
Below is a list of most undervalued cryptocurrencies:
#1 Neo - the smart economy
If you guys are long-time readers of the blog, then you'll know why we love NEO.
Formerly known as Antshares, Neo was launched in 2015 as a platform that allows developers to build and launch decentralized applications.
The Shanghai based cryptocurrency and platform addresses the scalability issues surrounding Ethereum.
First, it can process over 1000 transactions per second, compared to Ethereum’s 15 transactions per second.
Unlike with most cryptocurrencies, Neo gives its users a right to vote on the platform. With wide adoption, Neo could be a top five cryptocurrency.
The information provided here is for informational purposes only and should not be seen as investing advice. Our opinions on this site are only that, if you are considering an investment into cryptocurrency or anything we speak about on this site, please advise a trusted financial professional first, before doing so.
#2 Siacoin - distributed cloud storage
Sia is a decentralized cloud storage platform that was launched in June 2018. It’s a data storage marketplace that allows users to share their unused hard disk space with other users.
The Sia team claims that theirs is a cloud storage solution capable of transforming how data is stored on the cloud.
Siacoin, the native cryptocurrency of the Sia platform hasn’t been spared by the current bear run that has dogged the cryptocurrency market for months.
As Sia gains worldwide adoption, its value is expected to rise.
#3 Particl - decentralized marketplace
Particl is both a cryptocurrency and a digital platform. It allows for the creation and deployment of decentralized applications.
It’s first DApp, the Particl Marketplace, allows anyone to use e-commerce on the blockchain.
Particl coin is an open source cryptocurrency that’s focused on privacy.
Its key features is “Confidential Transaction” that allows users to transact publicly, blindly or anonymously.
Substratum’s goal is to decentralize the internet. The platform allows internet users to enjoy censorship-free internet.
It’s an open source network that enables anyone to share their unused computing resources to make the internet a better and fairer place for all.
Lack of net neutrality is becoming a worrying concern for many as governments and large corporations are known to restrict the freedom of citizens, barring them from accessing content from the internet.
Substratum’s ambition is to transform how the internet works. Their Alpha test was a success and could be a signal of things to come.
ICON’s idea is to build the largest network of communities such as hospitals, schools, universities, insurers’ band financial institutions.
The project allows decentralized blockchains with different governance structures to interact with each other without third-party intervention.
Having already partnered with South Korean institutions, ICON’s practical use cases are not in doubt.
It envisages a future with quicker money remittance and frictionless exchange of value.
It recently partnered with Line Corporation, one of Japan’s largest application development firms. The influx of new partnerships seems to be a positive sign for ICX.
It also uses side chains, so scalability is not one of its worries.
Lisk creators are so passionate about the blockchain technology that they are introducing the Lisk Academy to educate the masses on cryptocurrencies.
Vechain’s innovation revolves around tamper-free informational tags for products. Its emerging as a practical solution for supply chain management.
It blends its proprietary smart chain technology with the blockchain to track items throughout their life-cycle. Given its real world use cases and the many partnerships that it has inked so far, it’s easy to see that Vechain is a sleeping giant.
Additionally, the Vechain Foundation is launching the Apothesis, an improved version of the product. Hopefully, the new changes will take Vechain to its peak.
Launched in 2017, ARK’s aim is to connect the blockchain with all the cryptocurrenccies that exist. Its mission is like that of ICON; to link the blockchains.
It’s a platform for decentralized applications, with a focus on the mass market. The ARK token is the fuel that powers the ARK ecosystem.
If successful, it could be one of the catalysts of blockchain adoption in future.
What if the worlds pool together all its computing resources to create a super computer?
This is exactly what Golem is doing.
They are building a decentralized peer to peer market place where anybody can sell their unused computing power.
In exchange, they receive GNT, Golem’s native cryptocurrency.
Golem’s solution can be used by universities, scientists or anyone who needs lots of speed.
In case the developers find a way of actualizing their concept, mainstream success is a dream that can easily turn to reality.
Formerly known as Bitquence, Ethos is a decentralized exchange.
It’s designed to simplify the process of cryptocurrency trading, boosting the mass adoption of crypto trading.
The platform has a social part that allows traders to share insights and follow their investments.
It also has a wallet laden with great features.
Undoubtedly, Ethos is now undervalued and could see its price surge in the near future, thanks to its real world applications.
Cobinhood is creating a decentralized exchange that’s ideal for peer-to-peer trading.
While theirs is not the first DEX, it stands out because it charges no fees.
They are also assembling a team to help companies to launch their ICOs on the platform.
With such a great vision, and a truly global team, its dream of becoming a global decentralized exchange is still alive.
Voxelus is a blockchain startup that’s focused on creating Virtual Reality games on the blockchain.
Programmers create inspiring games that are sold for Voxels.
The team behind the project is also building education VR software.
Voxelus CEO Martin Repetto believes that the Voxels tokens are grossly undervalued and he might be right. Volexus has a working product, a great team and an active community of followers.
Don’t be surprised to see Volexus turning the tables to become a valuable cryptocurrency in coming years.
Skycoin is not a well-known cryptocurrency, although it’s a powerful coin that is everything Bitcoin could have been. It uses the Obelisk consensus algorithm that essentially decentralizes it.
Skycoin creators argue that BTC and ETH are becoming centralized because of the PoW and PoS algorithms.
The Obelisk model that the coin employs delivers free, fast transactions and its token is backed by assets.
The platform is launching a series of exciting new features, including the obelisk test net in 2019 and the CX. It’s backed by a well-seasoned team.
The Skycoin team releases both software and hardware solutions.
They hope that Skycoin will become a top five cryptocurrency in three years.
It’s developed as a blockchain that supports side chains allowing developers to create own applications on independent side chains.
Stratis effectively overcomes the challenge of scalability and network congestion because of side chains. Their side chains can be accessed through APIs.
They are incorporating a new ICO dedicated platform and have announced plans to launch smart contracts, so Stratis is likely to bounce back sooner than later.
Ontology seeks to change how governments, banks, healthcare firms, insurers and major industries verify and store sensitive data.
It’s built on top of the Neo platform and features a dual token system like NEO’s.
Ontology launched its mainnet in June 2018 and this should be enough motivation for investors to throw their weight behind the project.
It’s worth noting that the Ontology and Neo platforms share an origin as both are developed by a company called Onchain.
This essentially means that when NEO excels, Ontology shouldn’t be far behind. ONT also enjoys the backing of a massive team and partners.
INS is a decentralized platform that enables consumers to buy groceries directly from manufacturers. It links them through a website and a mobile application.
Using the platform, consumers can make orders directly to manufacturers who then deliver the requested goods to a center nearest to the consumer.
It has partnered with the likes of Unilever, Mars, Valio and Reckitt Benckiser.
Although it’s a relatively new entrant into this industry, it stands a good chance of overtaking its rivals if the team delivers the project as outlined in the white paper.
Ripple bills itself as a global payments system that’s anchored on the blockchain. It was launched in 2012.
Other than being a cryptocurrency, Ripple develops software to be used by financial institutions to facilitate low-cost, fast and secure transactions. RippleNet is a network of all participating financial institutions.
XRP, Ripple’s cryptocurrency token, is traded in most exchanges. It’s designed to be a bridge currency that can be used by financial institutions to settle cross border payments, quickly and cheaply.
With transaction speeds of 1000 transactions per seconds compared to Bitcoin’s seven, Ripple is the cryptocurrency that is poised to go mainstream.
It has already partnered with various banks and seems to be a real contender for the world’s largest payments system. Ripple uses a different consensus algorithm that enables it to scale easily.
Although it’s among the top five largest cryptocurrencies by market capitalization, Ripple’s token is grossly undervalued. Investors hope that if the digital currency gets more users, the value should rise, propelling it to the crest of the digital payments industry.
ANON stands for Anonymous Bitcoin. It’s essentially a hard fork of both Bitcoin and ZClassic.
That being the case, it has the best features of Bitcoin and ZClassic so we can say it’s the best of both worlds. ANON is adding a layer of privacy to its blockchain.
Other than this, it seems to have so many good things going, making it a candidate for a top-tier cryptocurrency. They recently released their white paper and test net.
Because it incorporates the best of both ZClassic and Bitcoin, it could become a top cryptocurrency if widely adopted. Right now it could be one of the most fundamentally undervalued digital currencies.
Inlock is a blockchain based lending platform that enables coin holders to borrow short-term loans using cryptocurrency as collateral. The platform can be used by other lenders to issue risk-free loans to coin holders.
It uses smart contracts to give fast, risk free loans to users. Inlock allows crypto currency investors to use their assets to get short-term liquidity, instead of leaving their coins sitting in cold storage.
It’s a practical solution targeting an industry that’s highly centralized. Additionally, it has all the hallmarks of a cryptocoin ready for roaring success down the road.
In general, coins with the lowest market capitalization seem to be more risky that the ones with huge capitalization.
There are tons of coins that are solving a problem, have great team, vision and a working product but are grossly undervalued.
When most people start seeing their practical uses cases, these are the coins that could surprise everyone by racing to claim their place at the top of the cryptocurrency industry.
It’s worth noting that most of the undervalued coins haven’t been tested at scale and when this happens, they could be the most valuable coins out there.
For investors, now is a good time to take advantage of the bear run and invest in any of these undervalued coins.