Cryptocurrency is a digital asset structured to work as a medium of exchange where every single coin and transaction is stored in an online ledger format. Strong cryptography is used to fix up the transaction process and for the generation of additional coins.
The technology prevailing behind cryptocurrencies are really difficult to understand. Even pioneers in business feel it difficult to comprehend about this topic and how the values of cryptocurrencies are being fixed up. But as there are around 3000 digital assets disseminated digitally, we are in need to implement certain metric and analytical tools for identifying its value. Let us discuss the 5 most undervalued cryptocurrencies in this blog.
5 undervalued cryptocurrencies
Market cap is an authentic organization that has listed the most undervalued cryptocurrencies which will be dealt with in this article.
As per Market cap, Fusion (FSN) is one of the most undervalued cryptocurrencies. The price of the token remains always high and it is estimated that the value of this will rapidly increase from 20x to even more. Fusion is now a bit easy for buyers to share in their ticketed-proof-of-stake ecosystem through Amazon Web Servers or Google Compute Engine.
Value of FUSION AS PER MARKET CAP
All-Time-High: USD 9.39
Market Cap: $25,284,145 USD
All-Time-Low: USD 0.090
Bitcoin was one of the digital assets very promising and is good to invest in. It is a strange fact that the person who identified this digital asset is yet to be known, but the community is still growing day by day. Bitcoin can be popularly known as “programmable money” in the digital world.
Value of BITCOIN AS PER MARKET CAP
All-Time-High: $19,870.62 USD
Market Cap: $150,775,185,969 USD
All-Time-Low: $0.010 USD
Ethereum is popularly known as a “programmable blockchain.” And this was released by Vitalik Buterin in 2013 when his scripting language to enable decentralized applications (dApps) did not attract the Bitcoin community.
This functions with a new crowdfunding mechanism popularly known as Initial Coin Offering (ICO). Ethereum helps in bringing out Block chain 2.0 which helps in the usage of blockchain technology beyond the finance sector.
Value of ETHEREUM AS PER MARKET CAP
All-Time-High: $1,448.18 USD
Market Cap: $19,949,805,779 USD
All-Time-Low: $0.15 USD
Cardano sets its project as a Smart Contract platform, distinguishing by providing more advanced features. Introduced by Charles Hoskinson, Cardano is a team of technically advanced minds from different backgrounds. As Ethereum it uses a blockchain concept for making its token value remain highest all time. So, Cardano is popularly called as blockchain 3.0.
Value of CARDANO AS PER MARKET CAP
All-Time-High: $1.18 USD
Market Cap: $1,056,868,964 USD
All-Time-Low: 0.00 USD
EOS is known as the highly scalable and cost-efficient smart contract platform. It was launched by Dan Larimer, a very knowledgeable person who created Delegated Proof-of-Stake (DPoS) the consensus protocol of EOS. It has been described as a decentralized operating system capable of running enterprise-grade and industrial-grade decentralized applications.
Value of EOS AS PER MARKET CAP
All-Time-High: $19.35 USD
Market Cap: $2,986,208,298 USD USD
Read More: What are the 5 most undervalued cryptocurrencies right now? – A look