Five Hard To Ignore Cryptocurrencies In The Top 100 Destined For A Brighter Future On The Horizon
Cryptocurrencies In The Top 100 That Deserve To Make It Big This Year.
A decade since Blockchain made its leap from a theoretical concept to actuality. Since then the concept has been synthesized by thousands of tokens. Consequently, the crypto-verse, today, has no lack of projects which means that there are many unique opportunities to “make it big.”
As one navigates through the vagaries of the untamed market, the prices, and destinies of Coins rise and fall on a weekly basis. The dependence on market cycles sometimes conceals some genuinely viable projects. This means that the value appreciation and market cap is not always the best indication of the projects true viability. Matters are not aided by the limited attention span afforded to most coins. As the crypto market is always in a state of flux, it might be a good idea to have a look at some coins that might not be at the top but have the potential to do well.
5 Cryptos That Are Underrated:
While there are plenty of promising coins that are still in their infancy, the scope of this article focuses on 5 altcoins that are underrated. It would certainly be within the realms of possibility to expect these to consolidate their position as part of the top 100 cryptos per market capitalization.
Enjin Coin (ENJ): With a total market cap of nearly $150 million, is the highest ranked crypto on this list sitting in at the 41st spot. crypto by market cap. The Coin is geared towards allowing the tokenization of gaming assets.
A recent spurt in growth has been attributed to the fact that Samsung’s new smartphone, the S10 is going to be able to natively store the token. That, coupled with the fact that the gaming industry will undoubtedly see continuous growth in the coming years, and the expectations from this coin don't seem that far fetched.
Ravencoin (RVN): Not too far behind is the 43rd largest cryptocurrency, Ravencoin. The coin is based on Bitcoin and is a security token offerings (STOs). IT has been garnering a lot of positive feedback recently. Most recently,Overstock.com CEO Patrick Byrne remarked
“We have many blockchain companies within Medici Ventures — what we are doing, where possible, is leveraging and integrating Ravencoin into these different projects.”
This certainly bodes well for the token, and then the CEO went on to add that tZERO, a leader in Blockchain innovation for capital markets, will allow people to issue security tokens on Ravencoin.
Nano (NANO): is perched at rank 48. The project has a few interesting ideas, that could have made its unique value proposition very enticing to prospective investors. It certainly garnered a lot of praise for its innovative block lattice system. Yet its area of focus, payments, has been dominated by the likes of bitcoin (BTC) and its fork bitcoin cash (BCH).
To make things harder for them, their community went through a rough patch, early last year, after the collapse of Bitgrail, the Italian cryptocurrency exchange. Today, the coin and the community have put all that behind them and are now looking to focus on doing what they do best, providing transactional efficiency.
Decentraland (MANA): With a total capital of just over $50 million, many might not give the 88th biggest crypto project too much of a look in. However, Decentraland’s MANA token is geared towards the future, it looks to work in the realm of virtual reality commerce. The coin enables virtual trade and lets users create content in the” Decentraland”.
MANA has been getting a lot of exposure recently, thanks mainly to Coinbase listing it on its various platform. That along with the concept that the coin is built on should provide the coin the springs necessary to jump higher in the market cap ladder.
Enigma (ENG): At the time of writing the coin occupying the last place and ranked 100th is Enigma. While the coin has had a rough couple of days and seems to be slipping, many in the market are betting on the long term implications of what the coin brings to the table, and be the de facto leader as a privacy coin in the market.
With its focus on privacy and push the focal point of the coin being their work on the privacy layer for a more decentralized web, the coin should do well, in the long term. ENG is staked with secret nodes and hides the smart contracts to use the data without endangering end users’ privacy.