Since the birth of crypto-currencies, many players have come, earned fame and diminished, while many are still standing on the top. Whether or not someone is a crypto-enthusiast, they must have heard something about Bitcoin and other crypto-currencies such as Ripple, Ethereum, and Litecoin. They are more or less making a name for themselves as we talk. Thanks to their previous performances and huge market capital, their popularity is higher than other available crypto-currencies and is ever growing.
But, what you might have missed out on is that there are over 1600 crypto-currencies out there for you to invest.
Tons of them have great potential to become the next big thing, but are mostly buried underneath and are not being noticed as much as they deserve to. With an influx of such a large number of coins, it’s quite hard to separate the coins having the greatest potential from the herd. At a time when hype creation by ICO owners, scams and coins that deliver “empty promises” are a common sight. How do you find that needle in a haystack? 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. Thе соіnѕ that wе are going dіѕсuѕѕ today have all grеаt teams, offer realistic ѕоlutіоnѕ to problems, аnd соuld ѕее promising returns іn future.
Let’s take a look at thе most undervalued cryptocurrencies of 2019.
If you’ve been investing in cryptocurrencies for a while, you’ve surely experienced some liquidity problems. Investing in anything outside of the few major coins generally requires multiple exchange accounts, transfers between them, and three-way trades between fiat, Bitcoin/Ethereum, and the coin you need.
Source: CoinMarketCap. https://coinmarketcap.com/currencies/qash/
QASH is the native currency for the Quoine Liquid platform, which is a global cryptocurrency firm with an aim to solve the liquidity issues in crypto investments. QASH is an ERC-20 token that will eventually run on its own blockchain. It uses a Proof of Stake consensus mechanism which is KYC/AML enabled. It has a total market capitalization of around $41 Million. While the world has focussed more on developing new cryptocurrencies and platforms, only a few have stopped to address the problem of liquidity. Liquidity in the financial sector has the potential to trigger a global crisis. QASH was valued at $0.2 during the time of its LIQUID launch on 30 June 2018.
Currently, each crypto exchange has its own level of liquidity that differs between the trading pairs it offers. This creates individual silos that may have great liquidity on one exchange but not on another. The Liquid platform connects these silos into one combined pool to give you the greatest liquidity possible. To do this, Quoine features two powerful products:
The World Book- It compiles the orders and prices from exchanges around the world into one order book for you to use. It removes the liquidity silos of separate exchanges and gives more trading power to the previously underserved markets.
Prime Brokerage- It is a suite offering direct market access to all exchanges in the World Book without having to create an account on each individual exchange.
Quoine is quite undervalued as compared to other big names like Bitfinex (Non-Regulated), Binance (Non-Regulated), OK Coin and Kracken. Many third-party research sites consider Quoine Liquid as one of the Real volume exchange in the world. However, it surely needs more expansion in Europe and African regions.
TRON is an ambitious project dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol is one of the largest blockchain based operating systems in the world, with a total market capitalization of around $3.8 Billion. It offers a public blockchain with high throughput, high scalability, and high availability for all decentralized applications in the TRON ecosystem.
Source: CoinMarketCap. https://coinmarketcap.com/currencies/tron/
It uses the Delegated Proof-of-Stake mechanism, which is a more efficient and faster version of Proof-of-Stake mechanism. TRON can consistently handle as much as 2000 TPS and is much energy efficient than the power-hungry Proof of Work systems. The TRON code base was originally a fork of Ethereum. As a result, Ethereum smart contracts and token standards are compatible with the TRON ecosystem. At the time of its mainnet launch i.e. 31st May 2018, the value of TRX was $0.06.
TRON posses the capability to become a leading crypto-coin if it reaches to more user adoption. It is attracting the gaming industry quickly and has become one of the most preferred coins in this industry. Technical Community adoption can bring this coin among the top coins and will result in a shift of most of the Ethereum users to TRON.
XinFin is a hybrid blockchain that blends both the private and public blockchain along with smart contracts. A hybrid blockchain provides controlled access and freedom at the same time and is entirely customizable.
Source: CoinMarketCap. https://coinmarketcap.com/currencies/xinfin-network/
It has developed a ‘highly-scalable, secure, permissioned, and commercial grade’ Blockchain architecture. The members of the hybrid blockchain can decide who can take participation in the blockchain or which transactions are made public. This brings the best of both worlds and ensures that a company can work with its stakeholders in the best possible way. XDCE (XinFin’s cryptocurrency token) has a total market capitalization of around $2 Million. XDCE was valued at $0.0006 on 1st June 2019 (Mainnet Launch Date).
It uses RPoS consensus mechanism, which is exclusively crafted for the XinFin hybrid blockchain. It comes with KYC enforcement on the nodes, thus solving problems with traditional Enterprise KYC providers. This can help the corporate members to create and maintain their own identity while also allowing participants to view the KYC data. Also, the Self KYC feature of XinFin is enterprise and regulator friendly.
It has a Livenet based on enterprise adoption and strong use cases. Xinfin focuses more on Trade and Finance, which is the biggest market in the world (Like a gold reserve of the entire world).
As уоu саn ѕее, thеrе are numerous сrурtосurrеnсіеѕ having grеаt роtеntіаl. From ѕuррlу сhаіn tracking tо energy trаdіng, thе capabilities of thе blосkсhаіn оffеrs grеаt variety. Of course, thеrе are mаnу оthеr unimaginable opportunities hidden аmоng thе huge collection оf dіgіtаl currencies. 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