Connect with us

cryptocurrency

5 Undervalued Cryptocurrencies to buy

Published

on

The cryptocurrency industry is expanding and developing at a rapid pace, with over 5,000 cryptocurrencies. From crypto traders to investors to blockchain developers, cryptocurrencies keep attracting people from all over the world. Blockchain technology also has applications that are beyond the financial sector. It has the potential to improve primary areas, such as medicine, gaming, voting, etc.

However, crypto trading is laced with many misconceptions, and this has made most of the cryptocurrencies to remain undervalued. Plus, the high volatility of the market makes some investors repel cryptocurrency trading.

Undervalued cryptocurrencies

Most cryptocurrencies are undervalued because they do not generate positive sentiments, have adequate development, and a strong community. But to correct that, these cryptocurrencies must be based on an innovative platform, with regular updates and guaranteed product implementation to attract traders. They must also have a strong marketing image with the ability to influence the world.

Meanwhile, there are still some popular cryptocurrencies that are undervalued, irrespective of their price growth and potential. Let’s look at five undervalued cryptocurrencies that are worth buying.

Fusion (FSN)

According to crypto experts, Fusion is one of the most undervalued cryptocurrencies ever. This is rather shocking because Fusion has good tech support. It is a cross-chain asset ecosystem that supports various payments, including tokenization of loans, insurances, and more. Fusion also uses a security layer called Distributed Control Right Management to secure assets on its blockchain.

Users can become active in Fusion’s ticket-based proof-of-stake process through Google Computer Engine or Amazon Web Servers. Although this crypto sounds impressive, you should also do your research to confirm its worth.

Chainlink (LINK)

Chainlink (LINK) is one undervalued cryptocurrency with huge potentials. It was built to act as a bridge between the blockchain world and outside resources, allowing blockchain apps to gain access to off-chain information. In other words, it is mostly described as a decentralized oracle and a medium for smart contracts.

These features and its trusted marketing team has helped Chainlink provide real-world solutions and gain the support of various companies outside the crypto space. As of September 2020, Chainlink is in 8th place among other cryptos, according to CoinMarketCap. In addition to that, most decentralized oracles are yet to build a formidable presence in the crypto industry, so you can keep an eye on its token (LINK) as it has enough room for growth.

Enjin (Enjin Coin)

Like we mentioned earlier, blockchain can transform the gaming industry, which is one of the most profitable industries in the world. Enjin is a popular gaming platform with millions of users. Enjin’s blockchain system allows game developers to integrate blockchain services without writing blockchain-based codes.

With Enjin, gamers can also buy, manage, and trade their digital assets using Enjin Waller, Efinity, and Enjin Network. However, you do not have to be a gamer to realize the potential of Enjin Coin. According to CoinMarketCap, Enjin Coin is also among the top 100 coins to trade.

Polkadot (DOT)

Polkadot is another undervalued cryptocurrency. It is a multichain technology that allows several blockchains to operate together. But these blockchains remain autonomous while working together. With its features, Polkadot enables different levels of interoperability and scalability.

The governing body of the Polkadot community also allows transparent transactions, so all Polkadot stakeholders have a high value. You can look further into its benefits to ascertain if it is worth investing and diversify your investment portfolio.

Basic Attention Token (BAT)

The Basic Attention Token (BAT) is an open-source decentralized advert exchange system. Its main aim is to identify fraud in the digital advertisement industry and help improve ads and user experience. Advertisers can pay BAT to web creators and publishers to gain the attention of users.

Sadly, BAT is still not famous despite the increasing growth in the world of digital advertisement. However, experts believe that over USD330 billion will be spent on digital marketing by 2021. So, considering its features, BAT deserves maximum attention from the crypto community.

In addition to the five undervalued cryptocurrencies, we should also consider Tron. It is one of the fastest-growing platforms for dApp development. It also offers huge scalability and allows users to create smart contracts. Remember, it was created as a token based on Ethereum before it moved to its network in 2018. You would want to consider it while making your investment choices.

Why you should invest in undervalued cryptocurrencies

Whether you choose to invest in undervalued or popular cryptos, one thing is sure, cryptos and blockchain technology aim to improve and take over traditional financial transactions.

  • Undervalued cryptocurrencies are also decentralized, as you do not need any third-party to charge you extra for payments or for storing your money.
  • You can build your investment portfolio by diversifying – investing in undervalued cryptocurrencies.
  • Investing in an undervalued cryptocurrency when it is underpriced can also be a real bargain. Because when it finally gains maximum attention and price appreciation, traders can start selling and begin to make a profit.

Conclusion

Trading undervalued cryptocurrencies can be a safe financial choice. But finding undervalued cryptocurrencies that are worth trading can be difficult. It requires a lot of knowledge and experience. You must also beware of crypto scams, especially with new and micro-cap tokens. Establish a healthy trading habit void of sentiments. You can as well research further on these cryptocurrencies and others before trading or investing.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.