2019-3-1 00:44 |
Bear market has crushed so many dreams, marriages and sadly, probably some lives too. The flood of shitcoins that swept the market in 2017, slowly but surely waned in 2018 so we start with, an almost, clean slate in 2019.
Those that survive this year are definitely worth a deeper look and consideration.
The criteriaCriteria for the list is not too strict but we used couple of rules of thumb to pick our coins. First and foremost, legitimacy of the team – it all starts with people. Most of the projects are at least 1 year old so we do have some track record of team’s behaviour to judge them. Other important factors are use case, token fit (does the token have a reason to exist in the first place), community and potential partnerships.
Basic Attention Token – BATFounder is a Mozilla Co-founder and creator of JavaScript. Enough said. Use case is excellent as digital advertising in current form is completely broken from all aspects (aside of the middlemen’s view, they profit nicely). Brave Browser is already boasting big numbers of active users: 5+ million. Team is professional and very reactive to community feedback so the product is improved almost in a daily pace.
BAT is currently valued at $0.16 per token which is 6.1x lower than its all time high, so there is a lot of room for solid gains.
ODEMODEM is an On-Demand Education Marketplace built on the Ethereum blockchain. The platform connects students, educators, and service providers where, together, they develop and engage in personal and group, in-person educational programs.
ODEM has a solid corporate base. Not your typical crypto project, ODEM is allied with Excelorators Inc., a leader in organizing in-person training at top U.S. universities and corporate campuses. ODEM token is key to the ODEM Platform. As students and educators from around the world use ODEM-T to stake, or register, their commitment to take or teach academic courses, the global supply of ODEM-T will tighten, exerting upward pressure on the token. Total supply is limited and ODEM reserves the right to buy back.
Odem is currently valued at $0.20 per token which is 2.5x lower than its ATH. ODEM is a younger project and it hit the market after the meteoric bull rise we experienced at the beginning of last year so its all time high is much lower than other that of other coins.
EthereumYes, Ethereum. The title is most undervalued, not unknown. At current prices of around $130-150 per token, ETH is extremely undervalued. If you are in crypto for any decent amount of time, you know a lot about Ethereum but some of the points that work to its advantage:
huge developer pool brand recognitionfirst mover advantage in one of the most popular applications of blockchain technologyhuge, above-average crypto educated communityrapidly growing dApps ecosystem and many more reasonsEthereum is currently at $137 per coin which means it dropped by 10.6x in comparison to the ATH – a whole order of magnitude. If that is not undervalued, I don’t know what is.
Holochain – HOT TokenHolochain is a post-blockchain technology that is energy efficient decentralised app development platform that is truly peer-to-peer without the scalability issues of existing Blockchain projects.
Holochain is like having access to all of the capabilities of all of the Internet apps simultaneously without needing an API, because the languages are entirely compatible. Holochain is the equivalent of having an IFTTT layer built underneath the entire Internet.
Because the information isn’t forced to sit uniquely in each application, the end user can create a customized experience with the parameters of their choosing. The possibilities for data mining and consensus building are endless. End the data-monopolies of Facebook and Google. If we choose to use Holochain, we choose how our information is shared and empower the commons to utilize it for collective growth and understanding. Source for this wonderful description of Holo is this guy.
When you hear the description of Holochain, you get excited. The project is bleeding edge tech and it grabbed attention of some mainstream media that reported about it. Right now it is still closer to an idea rather than to an actual realization but the potential is immense.
HOT token is actually doing very well, it is one of the rare tokens on the market that is beating the bear mood and recording new highs. Right now it is at $0.0021 and it is only 1.5x lower than its all time high.
RavencoinRavencoin, a fork of Bitcoin, is a relatively young token; it’s only since January 3, 2018 that it’s been hovering among the crypto currencies.
Ravencoin blockchain is designed to serve specific purposes. On the one hand, it should help to determine ownership of assets in a flawless manner. On the other hand, Ravencoin, similar to Bitcoin, wants to make direct payments possible. As the open source project on the homepage emphasizes, it is completely decentralized: Neither master nodes nor especially no ICO are behind the project.
Two faces of RVN
Bruce Fenton, high profile expert from traditional finance sector, is the father of Ravencoin. Bruce is known an early Bitcoin advocate, who worked as Executive Chairman of the Bitcoin Foundation from 2015-2016. His experience led him to discover the future of blockchain’s potential for the financial securities industry.
Tron Black is one of seven lead developers of Ravencoin works for Medici Ventures, a wholly-owned subsidiary of Overstock.com. Bruce was friends with Patrick Byrne, Overstock.com’s CEO, and this is how Tron became involved with Ravencoin.
RVN is currently 4.5x lower than at the time of its ATH and is sitting at $0.013 per token.
BitcoinOf course, the king is actually the most undervalued coin on the market.
When we consider that 95% of altcoin projects are either misplaced ideas, scams or pipe dreams of incompetent but greedy “entrepreneurs”, BTC is the actual heart pump that keeps the whole industry alive.
I am not gonna parrot all of the standard bitcoin maximalists mantra about censorship, decentralization, trustlessness, capped supply and controlled inflation, but I am going to say this: there is a generational flux that is happening right now as the baby boomers shift from the active to elderly population cohort, leaving their posts and decision making instruments to the new generation.
That new generation is much more apt in the digital world – it is the world they entered as very young, some of them (millenials) even born into it. For this new, decision making generation, is perfectly normal to carry around the knowledge of the whole world, billions and billions of books, millions and millions of libraries, in their pocket. Why wouldn’t it be normal for them to carry a bank, an instant value transferring machine, in their pocket as well?
BTC needs to grow by 5.3x to break even and reach its hitherto all time high of $20k.
ConclusionThe market is never wrong and the market is currently weeding out the worthless pollutants like Substratums, Apollos, Oyster Pearls, Verges etc of the world. This dead weight will sink into oblivion and clear the air for the small, but sound group of projects worth investing in.
The list is fluid and we will update it with new tokens and projects as the market dynamics change and technological breakthroughs happen.
The post Most Undervalued Coins To Invest in 2019 – “Cheap” Cryptocurrencies With Big Potential appeared first on CaptainAltcoin.
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