There isn’t a single cryptocurrency with the best potential for major gains in 2018. However, there are 5 underrated cryptos that could see explosive growth in 2019 and beyond. These coins may not be popular yet, but investors should keep their eyes on them because they’re primed to soar like never before
The “most undervalued crypto 2021” is a cryptocurrency that has been overlooked by many. This cryptocurrency could potentially have major gains in the future.
There are hundreds of coins in the crypto realm. It might be difficult for an investor to determine which currencies are best to hold for the long term. Volatility is a big factor in crypto-assets, and it is one of the reasons why many individuals avoid this market.
However, there are various criteria that an investor should consider before deciding which crypto assets to invest in. One of these aspects is searching for currencies that are undervalued and have the potential to grow in value over time. Such coins may not provide big profits in the near term, but they may prove to be worthwhile investments in the long run.
The following are five of the market’s most undervalued currencies with high long-term potential:
1) Create a chain connection (LINK)
Chainlink is one of the market’s oldest cryptocurrencies. The popularity of the coin stems from its oracle nodes, which provide interoperability across multiple blockchains. Chainlink allows blockchains to communicate with one another, resulting in a continuous flow of data.
Interoperability is one of the most important characteristics that all blockchains strive for since it draws a bigger audience that does not want to be constrained by the capabilities of a single blockchain. As a result, the Chainlink blockchain has a lot of potential for future adoption.
Furthermore, the rise of decentralized finance (DeFi) may result in increased use of the Chainlink network. Chainlink is well-known for its on-chain price feeds, which enable DeFi developers to track real-time token values throughout the market. Chainlink is gaining traction as a result of these price feeds, which are now a standard part of every major blockchain.
Chainlink price feeds are supported by the most of the biggest DeFi blockchains, including Solana, which just added this functionality on their blockchain after seeing a lot of interest from DeFi developers.
Chainlink is now the 16th biggest cryptocurrency by market capitalization, and being one of the oldest currencies on the market, it is a safe bet. The LINK token is a promising long-term investment due to the potential of Chainlink’s technology.
Visit our Investing in Chainlink guide for more information.
2) LTC (Litecoin) (LTC)
Litecoin is another currency that is considered undervalued. Litecoin is also one of the market’s oldest cryptocurrencies. It has, however, failed to attain the significant levels of growth that new currencies have. Nonetheless, it has a lot of potential to be a good long-term investment.
The crypto industry is currently evolving as it begins to attract institutional investors. These investors like to put their money into coins that have been on the market for a long time and have shown evidence of long-term growth.
Because it is one of the most widely used currencies on the market, Litecoin has a wide range of applications. The usage of Litecoin as a payment mechanism has aided its adoption. Because of the high speed with which the Litecoin network can execute transactions, it is one of the most widely accepted cryptocurrencies for payment on many sites.
The banking sector is slowly beginning to embrace cryptocurrencies as payment methods, and Litecoin is one of the few that has established itself as a viable option. As a result, the token is positioned to earn significant gains in the future as demand for it grows, resulting in significant price increases.
With a market value of nearly $18 billion, Litecoin is now the 14th biggest cryptocurrency. If demand skyrockets, it might break into the top 10 in the following months, making it a solid long-term investment.
Visit our Investing in Litecoin page for more information.
During the early years of the crypto world, XRP was one of the most popular currencies. However, when the US Securities and Exchange Commission (SEC) launched a lawsuit against Ripple’s leaders, accusing them of making an unregistered securities offering, it failed to reach new highs this year.
The lawsuit hit XRP hard, with the token being delisted from major cryptocurrency trading sites including Coinbase. Despite the latest developments in the case, XRP continues to show hints of significant growth.
XRP is now one of the most affordable coins on the market with a solid technical foundation. Ripple is one of the most well-known networks for providing payment services to its users. RippleX has formed strategic collaborations with a number of top payment companies, including GME Remittance.
The central bank digital currencies are another important area where Ripple’s technology has gained a firm foothold (CBDCs). Ripple was recently chosen by the Bank of England to be one of the stakeholders engaged in the development of a digital pound.
Ripple is now the seventh-largest cryptocurrency, with a market capitalization of more than $55 billion. XRP is one of the finest long-term investments because to its robust technical foundation. However, the result of the company’s SEC case will also decide if XRP is a solid long-term investment.
Visit our Ripple Investing Guide for more information.
Cardano, No. 4 (ADA)
Cardano is another cryptocurrency that is significantly undervalued. Cardano is one of the most popular cryptocurrencies on the market, but investors have been put off by its low pricing and poor price growth.
Cardano just released the Alonzo hard form update, which allows the Cardano platform to support smart contracts. This is one of the most important aspects influencing the long-term performance of this coin.
Cardano is also one of the oldest currencies, and the network’s support of smart contracts may entice DeFi developers, resulting in increased demand for the ADA token and significant price rises. DeFi is now on the rise, and smart contracts are helping to make blockchains more usable.
Cardano is the 6th most valuable cryptocurrency, having a market valuation of more than $65 billion. It is also one of the most affordable currencies in the top ten rankings, enabling an investor to purchase more coins and generate significant long-term returns.
Visit our Investing in Cardano guide for more information.
Fantom 5) (FTM)
Ethereum and Solana spring to mind as two of the most popular DeFi networks. Other networks, on the other hand, are underappreciated while providing fast speeds and cheap transaction costs, making them suitable for DeFi developers. Fantom is one of these networks.
Developers may create DeFi apps using Fantom, a smart contract platform. This network intends to solve the scalability problem that other networks have, and if it succeeds in proving this point and attracting a large number of DeFi developers, it might see significant pricing increases in the future.
Developers are continuously seeking for new platforms on which to build their applications, and DeFi is thriving. FTM tokens might experience significant price rises if the Fantom network is used, and it could reach new highs.
The Fantom network’s creators claim that transaction times have been reduced to as little as two seconds, and with DeFi developers searching for similar speeds, more might join the network, potentially positioning the token as a rival to Ethereum.
Fantom has a market valuation of approximately $6 billion, making it the 38th most valuable cryptocurrency.
Visit our Investing in Fantom guide for more information.
Although cryptocurrencies have seen significant price increases, certain coins have remained underappreciated despite playing an important role in the crypto and blockchain communities. The currencies listed above have a solid technical foundation, making them excellent long-term investments.
It’s still worth noting, however, that emerging cryptocurrencies have the potential to skyrocket in value. The crypto ecosystem is also rapidly expanding, which might result in the introduction of even more currencies to the market.
The “most undervalued crypto may 2021” is a cryptocurrency that has been overlooked by many investors. This cryptocurrency could be a major gainer in the future.
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