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3 Most Underrated Cryptocurrencies Right Now

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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.

3. NEO

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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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