The crypto market is full of speculation and underneath all this speculation there are a number of projects working hard to release their mainnet and disrupt everything as we know it. Let’s take a look at some altcoins that will be releasing their mainnet, product or are working hard according to github. The following tokens are classified as underrated due to their low market cap.
Oyster Pearl (PRL)
In the past 2 months, PRL has burned 10 million tokens. They have airdropped 77 million Oyster Shells (SHL) which will be used to enable efficient, encrypted, low-cost internet access and peer-to-peer communication globally. Oysters mainnet is being released on May 29th, 2018 and will allow users to store their data anonymously using the IOTA tangle network. PRL also promises to revolutionise the way websites make revenue, removing the need for adverts. Looking at Siacoins market cap of almost $700 million, PRLs $50 million market cap is dwarfed by its competitor.
Naga has flatlined over the past 3 months and is currently sitting at support. It is at 60% of its ICO price and it’s hard to understand why, considering the companies vast amount of experience. They are in the process of creating an ecosystem using NGC and have just partnered with Ontology. Naga wants to make crypto accessible to everyone allowing you to send and receive crypto with just your email address. They are also launching their crypto debit card soon. At a $35 million market cap NGC is a truly underrated Altcoin.
TomoChain is a scalable blockchain infrastructure project with 4 reported D-APPS in the pipeline. At a measly $76 million market cap it is dwarfed by the other infrastructure projects. If you want to own a masternode, TOMO has announced masternodes in 2019. Looking at the top 100, a high percentage are infrastructure projects and TOMO definitely should be up there at the top.
ABT is another scalable blockchain infrastructure project with a low market cap of $112 million. ABTs primary goal is to make their platform easy-to-use and remove the barriers that have slowed blockchain adoption by the general public. Infrastructure projects are hot because everyone is looking for the next Apple or Microsoft in the blockchain world.
POA Network (POA)
POA Network is an Ethereum-based platform that is a sidechain to Ethereum, utilizing Proof of Authority as its consensus mechanism. At $110 million market cap it has a lot of room to grow. If it manages to fix the problems of Ethereum who knows where POA could be next year.
Nuls has been sitting underneath everyone’s radar for a long time and have a market cap of $160 million. They are one of the hardest working teams out there with more commits on github than any other project. And yes it’s another infrastructure project aiming to make blockchain technology accessible to anyone. I cannot stress, how important it is to have a team that work hard and NULS sets a bar that every projects team should strive to achieve.
Republic Protocol (REN)
Republic Protocol is developing a cryptocurrency darkpool, allowing you to place private orders for significant amounts of BTC, ETH or ERC20 pairs. They want to do this by utilising cross-chain atomic swaps in a decentralised way. Republic protocol order books will be hidden to provide better execution rates for your block trades. At a market cap of $60 million, this is definitely an underrated altcoin.
WePower is a blockchain-based green energy trading platform, that wants to enable developers to raise capital by selling their energy production upfront in the form of tradeable smart energy contracts. WePowers current market cap is $45 million, 3 times less than its closest competitor Power Ledger (POWR).
KuCoin Shares (KCS)
After the success of Binance and their BNB token with a market cap of $1.5 billion KCS has a lot of room to grow. If KuCoin was to make it to the top 10 of exchanges KCS could be a top 50 coin. With a market cap of $41 million, KCS could lead to a healthy profit, if the alternative coin market goes on a bull run and trading volumes increase.
Deep Onion (ONION)
Deep Onion is my anonymous coin pick. 2018 was supposed to be the year of the privacy coin but we have yet to see the rise of privacy coins. Deep Onion uses the TOR network to send and receive payments anonymously and instantly. With a $26 million market cap compared to Moneros $3.2 billion market cap, this is definitely a hidden gem.
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