Top 5 Most Undervalued Cryptocurrencies to Invest in 2018
In stock market, publicly traded companies always have balance sheets that investors can evaluate the stocks by looking at the health of the company’s finances. Unlike stock market, cryptocurrency doesn’t have balance sheets and prices are largely based on the promise of innovative new technologies and a whole lot of hype. However, there are other elements that one can tell whether a cryptocurrency is undervalued. MYF team has gathered some information and shortlisted the top 5 most undervalued cryptocurrencies to invest in 2018.
Disclaimer: This article does not endorse or recommend investing in cryptocurrencies. This article should not be taken and viewed as investment advice, but only information and opinions. This article is for information and illustrative purposes only. Investing in cryptocurrencies is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.
Top 5 Most Undervalued Cryptocurrencies to Invest in 2018
Etherparty makes smart contract accessible to everyone without requiring programming knowledge. Etherparty is a simple to use platform that enables users to create, run, and manage smart contracts, that may potentially accelerate the growth rate of commercial and consumer adoption of blockchain technologies.
In a simpler explanation, Etherparty is a crypto version of WordPress. Bloggers don’t need any coding skills running an internet business, whilst future business owners don’t need special coding skills to deal with smart contracts with Etherparty.
While blockchain has the potential to recast the foundations of electronic commerce and data storage, the technology’s use by non-computer professionals has been limited by a lack of user-friendly applications.
By democratizing access to smart contracts, Etherparty unleashes the speed, cost-reduction, scalability, and security benefits of the technology for individuals and businesses.
At the time of writing, Etherparty has a working beta product live on the Ethereum Ropsten testnet. The final product will undergo extensive redesign and UX testing. It is expected that the launch on the main Ethereum network will occur early 2018.
Etherparty’s long term goal is to be blockchain agnostic. The team has a partnership with Rootstock and has already enabled smart contract creation with Bitcoin. In the near future, they will look at integrating other blockchains into the Etherparty ecosystem.
FUEL is the token that powers the Etherparty platform. Users will pay for access to the platform’s functions, which includes access to the smart contract library, security monitoring tools, and a network monitoring dashboard.
Contracts will require FUEL tokens. Because the price of FUEL may fluctuate, Etherparty will peg contracts to a fixed amount of USD, and adjust the amount of FUEL required to execute the smart contract based on this fixed price.
FUEL will serve as access for smart contracts on multiple blockchains, integrating these disparate blockchains into one unified view within the Etherparty platform.
Deloitte Insights has identified a range of applications ranging from smart health records to pay-as-you-go insurance that companies are piloting right now (see table below). With smart contracts, two use cases stand out for their immediacy to market: trade clearing and settlement and supply chain and trade finance.
One important roadblock to the widespread adoption of smart contracts for tangible goods, as well as non-blockchain-based intangible goods is that smart contracts are confined within their native blockchain network, and unable to operate in the rest of the world. This is why Etherparty will play an important role in the future markets.
At the moment, FUEL tokens are being sold on Etherparty platform at $1, whilst FUEL token in exchanges such as Binance are much lower than that price. That simply means, the value of FUEL will eventually rise to $1 when the first product is launched early 2018.
Tronix (TRX) is the official currency of TRON, which aims to be a decentralized entertainment content sharing platform eventually leveraging blockchain and peer-to-peer (p2p) network technology. Founded by a non-profit Singapore-based foundation, the Tron Foundation seeks to tackle the global entertainment industry.
The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.
Tron is based on the Bitcoin, Ethereum, and others over time.blockchain’s ERC20 token standard and is aiming to become the bridge between blockchain networkjs and smart contract systems such as
TRON’s open, decentralized platform and distributed storage technology will allow creators of digital content to cut out middlemen such as the Apple store and Google play store. Content producers will thus be able to obtain funds directly from consumers.
Currently, a lot of user data and traffic is controlled by a few corporations like Google, Facebook, Amazon, & Snapchat. TRON attempts to mitigate this control by placing ownership of the data back into the creator’s hands.
Key features of TRON
TRON wants to “Heal the Internet” through the following features:
- Data liberation: free and uncontrolled data
- Enabling content ecosystem where users can obtain digital assets from content spreading
- Personal ICO with the ability to distribute digital assets
- Infrastructure to allow distributed digital assets exchange (such as games) and market forecasting.
Why TRX Is One of the Most Undervalued Cryptocurrencies?
The coin strength is quite high and it’s backed by a strong community. TRON is backed by notable members of the Chinese business community such as Hitters Xu (founder of Nebulas), Tang Binsen (founder of mobile game Clash of Kings), Xue Manzi (famous Chinese angel investor), Chaoyong Wang (founder of China Equity Group with $2 billion market value), Dai Wei (CEO of OFO bike), Huobi.com, and many more.
At the time of writing, Justin Sun, the CEO and founder of TRON mentioned that the first game based on TRON network is in its final stage and will be released soon.
Other than that, coin burn algorithm will take place in Q1 2018 but no further official announcement has been made yet. “Burning Coins” has emerged as a new tool for growth in recent times. In past few months, few projects used this approach to drive the market value growth to up to 10x. For example, Trigger which is based on Counterparty protocol, recently burnt 70% of its supply, and witnessed 1,000% growth in value in month of August 2017.
The recent partnership with Obike is one of the highlights. Obike is one of the largest sharing economy companies active in 20 countries across Europe, Asia and Australia with 10 million users. Obike will launch sharing bike application and Ocoin based on TRON network.
TRON founder Justin Sun also announced on Twitter that TRON welcomed another senior developer from Alibaba.
TRON has a lot of surprises and it is already well supported by top Chinese developers on its team yet is continually expanding its employee base with members with veteran technical expertise such as Maorong Lin and Xiadong Xie. Together, the two employees bring years of technical development experience in the entertainment industry and internet commerce.
Furthermore, TRON is in the process of transferring TRX onto the Peiwo APP. This would give its 10 million users the ability to exchange the token back and forth. While TRON will support all kinds of virtual currencies, TRX will be the official one. With this, all other currencies will have to be converted through TRX.
Note: At the time of writing, TRX is valued at $0.03 on Binance.
Power Ledger is a peer to peer energy trading system that enables consumers to trade electricity with one another and receive near-instant compensation using a decentralized and trustless blockchain based trading platform. Power Ledger allows for each unit of electricity to be tracked from the point of generation to the point of consumption within the building it is generated, or when sold to other consumers, using the local electricity distribution network.
Power Ledger aims to solve two (2) major problems using Blockchain technology.
Firstly, declining utilization of electricity networks which could be maintained through a marketplace for distributed energy assets and associated transactions underpinned by the blockchain (e.g. peer to peer trading across networks).
Secondly, low penetration of renewables in apartment buildings, where a shared ownership and allocation model for microgrids could be provided by the blockchain (e.g. peer to peer trading in buildings).
The Board of Directors consists of experienced individuals in the field of renewable energy and Blockchain technologies, headed by Dr Jemma Green. She has considerable experience in investment banking and a research fellow at Curtin University Sustainability Policy (CUSP) Institute. The Power Ledger team has a vibrant mix of energy specialists, legal expertise and consist mostly of developers and software engineers. It looks like a good line-up for what they’re building.
Why POWR Is One of the Most Undervalued Cryptocurrencies?
The Australian Energy Market Operator forecasts that by 2036 generation from rooftops will increase by 350 per cent. That doesn’t take into account changes in government policy (for example, more aggressive climate targets to Australia’s international commitments to reduce greenhouse emissions).
Australia’s a small market but definitely a pioneering one for decentralised energy. It will be a key proving ground for distributed cleantech.
Power Ledger already has “proofs of concept” in the form of successful pilot projects in Australia and New Zealand. With the support of some established energy retailers, they’ve deployed their first commercial project in 2017, becoming the first Australian company to “facilitate electricity trading across the meter and manage settlements without going through an electricity retailer”. They also partnered with Synergy, Western Australia’s state-owned retailer, to deploy the first blockchain-based trading environment for electric vehicle charging.
Power Ledger has the vision to solve a massive problem with electricity prices and renewable energy. The ultimate goal is to create a power system that doesn’t rely entirely on centralized utility companies: it’s a low-cost, zero-carbon power generation system “owned by the people of the world.”
PowerLedger eliminates the wait time by creating an instant transaction between buyer and seller. By cutting out the middleman, it means sellers earn more and buyers pay less. A win-win on both sides. While renewable energy is ubiquitous, we will always have to pay for electricity one way or another. You will be investing in something we will always need – energy.
Note: At the time of writing, POWR is valued at $0.90 on Binance.
Kyber is an on-chain decentralized exchange that provides users with several useful applications that include providing payment APIs for merchants and users and building a practical exchange where they can instantly convert tokens trust-less and effortlessly. Kyber Network manages to solve problems faced by users in the cryptocurrency using its key feature which includes:
High Quality – the exchanged maintain a reserve of all tokens to provide users with high liquidity. Users can get their tokens instantly when they trade. They won’t need to wait for hours like when trading with other crypts.
Trust-less and Secure, – Kyber Network users smart contracts on every operation happening on the platform. They never hold user’s funds and no trust is required when trading.
Compatibility – the exchange does not allow changes to integrate with the Kyber Network. It is compatible with other platforms which means it is easily incorporated into other platform and digital exchanges.
Instant Trades – get token instantly once they tar on the exchange, no deposit required or waiting for confirmation, once you transact, it is included in the blockchain immediately.
Why KNC Is One of the Most Undervalued Cryptocurrencies?
Kyber Network was one of the most anticipated ICOs in September. Kyber is creating a decentralized exchange that will allow for instantaneous on-chain transaction with guaranteed liquidity (i.e., you don’t have to worry about having a counter party to match your order.) It is also the last project in which Vitalik has agreed to be an advisor publicly.
Decentralized Exchanges are a step forward in the Crypto world all too often we hear stories of centralized exchanges charging high fees, shutting down suddenly, or getting hacked. If it works, Kyber is going to be a promising Decentralized Exchange that could play a lead role in fostering the change from a centralized exchange based system to decentralized exchange based system.
The action-packed Kyber roadmap has many critical dates scheduled for 2018 and early 2019. Highlights will include:
Q1/18– Main net launches and will support the trading between Eth and tokens.
Q2/18– Supports trading between arbitrary token pairs.
Q3/18-Supports the trading of advanced financial instruments.
Early 2019– Supports cross-chain trading.
In the short-term, Kyber will only support ERC20 tokens trades. In the long-run, they will start supporting cross-chain trading. To estimate the addressable market size for Kyber and based on CoinMarketCap data, current daily trading value of crypto-crypto trade pairs is approximately $35,000,000,000. This number is humongous and it will only continue to rise.
Note: At the time of writing, KNC is valued at $2.2 on Binance.
CommerceBlock has just finalized its ICO crowd sale on December 19th, 2017 and it is now listed on EtherDelta.
CommerceBlock is bringing bitcoin to the banking world. Due to privacy concerns, banks cannot connect private data with a public blockchain. With the open standard BIP protocol, this allows the connectivity between private data and public blockchain.
That simply means the adoption of the new protocol in commercial applications will allow CommerceBlock to more easily develop interoperable solutions.
CommerceBlock acts as an automatic bridge between cryptocurrencies and the business world today. It enables firms to benefit from the cheaper, faster and ‘frictionless’ movement of funds on blockchains but provides proof of payment for both parties, even though the public information on the blockchain is limited and anonymous.
CommerceBlock reduces third party risk and secures transactions by using a public blockchain in combination with cryptographic technology which privately embeds auditable trade details and business logic into transactions.
CommerceBlock’s solution fits any blockchain or multiple blockchains simultaneously if a transaction uses more than one cryptocurrency. All sensitive trade details and customer funds are managed on the client side. Only the merchant and customer have cryptographic proof of who is being paid and for what.
The open source CommerceBlock smart supply chain has been designed to be highly compatible with base layer public blockchains, side chains and the off-chain Lightning Network. This adaptability ensures the smart contract can perform peer-reviewed functions, which include multiparty escrow, asset issuance, dispute resolution facilitation and currency hedging.
Why CBT Is One of the Most Undervalued Cryptocurrencies?
CommerceBlock is the first project with a BIP and they have some solid collaborations and a couple of existing clients. The longer-term growth potential is very high as the project is being designed to remove all the intermediaries in financial transactions. Any number of financial use cases and templates can be created on the network. The software is production ready, with the final roadmap milestone being as early as April 2018.
The unsold tokens of about 256,743,314 are burnt (token burning transaction id: 0x57ed51782ed27588b2c110285ca981f9a7e19f6b3afc02bc106b69b0d1ee05e2). The total circulating in the short term will be 140,286,262 CBT.
Since CommerceBlock is relatively new in the crypto world, We are expecting a few exchanges to be listing CBT in the near future as the team of CommerceBlock is working on getting CBT on a major exchange.
Note: At the time of writing, CBT is valued at $0.12 on EtherDelta.