Investing in cryptocurrencies is still a very high-risk game, especially these days when the market has entered yet another period of uncertainty and high volatility. However, even if this was not the case, picking the right asset to invest in can be quite difficult. Most of the time, coins with a clear goal in mind get the most support. If their goals seem relevant, if they can solve a problem or provide a better solution to replace an already existing one, investors are quick to join its cause.
Every now and then, however, an oversight can happen, and great projects end up left behind, without less support than they likely deserve. Today, we will point out a few coins like that. Despite their size and popularity they already have, experts agree that these are underrated coins that will likely skyrocket once they receive the amount of attention that they truly deserve.
1. TRON (TRX)
TRON is a project that often makes headlines, and recently, whenever this happens, it is connected to a new project announcement, a new record being broken, or a new partnership being made. The project seems incapable of making a wrong move, and pretty much everything that Justin Sun decides to do ends up being a success. And still, TRX is not even among the top 10 cryptocurrencies. Its price is low, it’s market cap is below $1 billion, which is very unusual for a coin that has made so much progress during a single year.
TRON’s goal is to revolutionize the entertainment industry, as well as to decentralize the web. This is a huge mission, and probably very abstract in the mind of most people, which may be one explanation as to why TRX doesn’t get more attention. Still, the attention that it is getting is coming from a pretty dedicated community, which will likely ensure that TRON grows properly in time.
2. Monero (XMR)
Monero is the tenth largest coin by market cap, but many believe that this still means that it is very underrated. As many are undoubtedly already aware of, Monero is a privacy coin, which means that it is a secure, untraceable, and private digital currency. It is the only privacy coin in the top 10 cryptos, likely due to the fact that privacy coins, no matter how necessary, are usually frowned upon. Most people suspect them of being used for criminal activities due to their ability to hide transactions.
However, privacy coins like XMR are also great for protecting corporations’ secrets, freedom of speech, and provide regular users with privacy and anonymity, which is the right of every internet user. Monero has always depended on its community, ever since its very beginning. It was created through donations, and the community has always been the number one factor that was pushing its development. It has a price of $66.45 and a market cap of $1.1 billion.
Finally, the third pick when it comes to underrated coins is NEO. This has been one of the projects that had the potential to kill off Ethereum, according to the community. It was often considered to be EOS’ biggest rival when it comes to replacing ETH. NEO is currently ranked as 16th largest coin per market cap, with a price of $8.50 and a market cap of only $552 million.
This puts a huge difference between NEO and EOS, which has a market cap of $3.27 billion. NEO is also sometimes called Chinese Ethereum, due to the fact that it similar to ETH in essence, and that it is one of the coins that China particularly likes. It was believed that this will give it an edge over EOS once China becomes more crypto friendly. While this may be the case, it has yet to happen, and an event such as that might be all that NEO needs to get back in the game.
The project is dedicated to creating smart contracts and dApps, just like Ethereum is, but many would argue that NEO can do everything better, cheaper, and faster. Even so, the coin seems to be losing popularity and sinking to the depths of the market, one rank at the time.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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