Cryptocurrencies are quickly becoming one of the most popular investment options for individuals. Cryptocurrency exchanges such as Binance, Bitfinex, and Coinbase offer a plethora of coins to trade on their platforms. The cryptocurrency market in 2021 is starting to mirror that of Apple’s App Store back in 2008.
Of course, many cryptocurrencies will likely fail (as do apps), and it is hard for many people to differentiate between the coins. Especially disifering which are undervalued from those that never had a chance at succeeding.
I, Brennan Balzi, have created a guide and will cover 10 cryptocurrencies you should consider investing in.
Bitcoin (BTC)
Bitcoin is the most valuable cryptocurrency and one of the first virtual currencies to emerge in 2009. It has since become a household name for cryptocurrencies. Many people will simply refer to any other as “altcoins” (or alternative coins).
The difficulty with Bitcoin is that it can be hard to identify when the price spikes are happening. The scalability also remains an issue and major barrier for mass adoption. This is what puts Bitcoin at the top of my list for undervalued cryptocurrencies.
Ethereum (ETH)
Ethereum is the second most valuable cryptocurrency on the market. It will likely continue to grow in popularity as well. It is also the most popular cryptocurrency for developers.
The Ethereum blockchain allows developers to build decentralized applications (DApps) that don’t rely on any central authority for their maintenance nor operation. Cryptocurrencies offer an alternative way of transferring money without having to go
One of the biggest challenges with Ethereum remains scalability and transaction rate. This can make it hard to compete against Bitcoin in this regard.
Cardano (ADA)
Launched in 2017, Cardano is a blockchain project with a goal of solving many problems seen as inherent to other cryptocurrencies.
One of its major features is being able to have multiple ledgers for different purposes (such as one ledger for records and another for smart contracts). Cryptocurrencies like Cardano are trying their best to solve scalability issues. As well as offering an alternative to the problems seen in Ethereum.
EOS (EOS)
EOS is a blockchain project which offers a platform and execution environment for building, deploying, and running distributed applications in a manner similar to Ethereum.
Cryptocurrencies with platforms such as EOS are trying their best to offer alternatives to Bitcoin or other coins while still being able to compete in terms of transaction rates.
Basic Attention Token (BAT)
Basic Attention Token is a blockchain-based project that wants to radically change the way digital advertising works. Cryptocurrencies such as BAT want to use their platforms and capabilities for more than just simple transactions of money or information, but rather solving some key issues in other areas too.
BAT has been gaining popularity recently with its integration into the Firefox browser, and it is looking to become a major player in the advertising industry.
TRON (TRX)
TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with blockchain and distributed storage technology.
Cryptocurrencies like TRON have been largely based on creating platforms for developers, but it also offers some unique features of its own such as being able to create smart contracts without requiring any programming skills.
Dash (DASH)
Dash, also referred to as digital cash, shares many similarities to Bitcoin. Cryptocurrencies like Dash are trying their best to offer an alternative for people who want a more liquid form of money than what Ethereum or Bitcoin have been able to provide in the past.
One advantage that DASH has over other is its governance by master node. This can help it offer some unique features and rewards for those who decide to invest in Cryptocurrency. Yet, this coin has flown under the radar for many investors for a long time.
Fusion (FSN)
Fusion is a Cryptocurrency that offers its own platform for creating and trading digital assets as well as tokens. In my opinion, Fusion might be one of the most undervalued cryptocurrencies.
This Cryptocurrency can be an attractive option given it enables nearly instantaneous transactions without any third party or commission fees. This is something Bitcoin has failed to provide in the past. They have made it easy for users to participate in their ticketed-proof-of-stake ecosystem via Amazon Web Servers or Google Compute Engine.
Ravencoin (RVN)
Ravencoin is a Cryptocurrency that wants to offer more for the people who are interested in investing in cryptocurrencies. It offers features such as mining with x16r, fair distribution, and no pre-mine. As well as also allowing users to create assets even if they have limited technical skills.
The goal of Ravencoin is to offer a Cryptocurrency that can be mined with less computational power and energy. Mean while also giving the people who want to create tokens more opportunities for doing so.
Chainlink (LINK)
Chainlink is a Cryptocurrency that wants to use the power of blockchain technology in order to create more secure and reliable ways for smart contracts on various blockchains. Cryptocurrencies such as Chainlink offer an alternative means of trading information or value.
This Cryptocurrency is a project that has been flying under the radar for some time. However, it might be one of the most underrated Cryptocurrencies. Given its potential in smart contracts and securing the information on blockchains.
Undervalued Cryptocurrencies
Cryptocurrencies are a rapidly changing industry with new Cryptocurrencies popping up every day. It is easy to overlook some Cryptocurrencies and end up missing some of the best opportunities on the market.
This list explores undervalued cryptocurrencies that might be overlooked. Yet, are well worth your consideration if you want to diversify your portfolio with investments such as these. If you need more information feel free to contact me directly.
Until next time,