Top 5 undervalued cryptocurrencies you can’t miss
The global cryptocurrency market is constantly evolving and expanding. Sometimes it’s hard to keep track of everything new and to consider all the advantages and disadvantages. And if you’re here, we’re pretty sure you already know about Bitcoin, Litecoin, and Ethereum. But, what you might have missed out on is that there are over 700 (and counting) cryptos & over 100 assets (cryptos built on top of existing platforms) out there for you to add to your altfolio and profit list. With so many options at hand, it becomes a tedious task to decipher and distinguish between the gems and the duds.
Itsblockchain has always been a trusted name in keeping the community well informed about the coins worth and not worth investing in. And this time is no different. The underdog gets the window of opportunity to strike a home run every now and then, and it when they do, you must be aware on how to tap the same for maximum benefits. We bring to you a list of top 5 undervalued crypto currencies that no crypto fanatic would risk missing out on. Let’s get started.
First on our list is the FUN token of the FunFair crypto. The FunFair is a secure and decentralized gaming platform works on the basis of Ethereum smart contracts, and those who invested in the ICO campaign held from 22 June and 7 July will get very, very lucky in the coming January. Slowly and steadily, they have solved the big challenges in the blockchain casinos with their technical expertise. As its name implies, it’s is THE fastest platform where the casinos are played fairly and securely.
Led by Jez San OBE, Jeremy Longly, and Oliver Hipton, FunFair has incorporated the basic Ethereum blockchain, open-source technology with their groundbreaking ‘Fate channel’ solution to make sure that the users are getting complete security and transparency. They have translated their 40 years of casino, gaming and development experience into redefining the virtual gaming experience. The “Fate Channel” solution makes the transactions incredibly quick and the pioneering technology behind the project offers unrivaled low-cost blockchain casino gaming or creation and unparalleled rewards.
The Random Number Generation approach seamless integrates the gaming experience with fun and fairness. The fact that their work is already in motion with games being developed this very second, their vision seems fulfillable. The token of FunFair – FUN is the currency of this new ecosystem and every participant in the chain gets rewarded for their service in this FunFair platform.
Next up and also related to virtual gaming is the VOX coin. As the website states, “Voxelus” is the name of the VR Platform which allows anyone regardless of skill level — to create VR (Virtual Reality) video games, experiences and virtual spaces without writing code. It consists of “Voxelus Creator” (Available Here) a 3D design app for PC and Mac (open source building software), and the viewer known as the “Voxelus Viewer” (Available Here), which works on desktop PCs, Oculus Rift and Samsung VR headset devices. The Voxelus ecosystem uses an in-game cryptocurrency known as “Voxels” (VOX).
As the founder of CNET, Salesforce, Google Voice, Chairman of Uphold (formerly Bitreserve) and Chairman of Voxelus – Halsey Minor likes to say, VOX is going to become the official cryptocurrency of the Virtual Reality sooner than any of us know. Voxelus completed its private pre-sale of 1.2 million Voxels (VOX) for a total of 1,022 BTC ($350,000 USD at the close of the pre-sale), becoming the first end-to-end virtual reality platform to do so.
CEO and Co-Founder Martin Repetto believes that Voxelus will allow the 2.5 billion people in the world who have no bank account but have a mobile phone to create, buy and sell Virtual Reality content, and it will be just as easy for people in developed countries to do that as well. The Voxels cryptocurrency, which began trading on March 31, 2016, currently trades on a number of exchanges for alternative cryptocurrency – Bittrex, Poloniex and ShapeShift, has a total market capitalization of around $172.24M at the of writing and has tremendous potential in the coming months to be the rising star of VR.
The third coin on our list is SC – SiaCoin. As mentioned on CoinSutra, Sia is a cloud storage platform like Google Drive, Dropbox, and Amazon Cloud. But what sets Sia apart is that it is an open-source, blockchain-based, decentralized cloud storage platform. In short, Sia is a decentralized cloud where data is stored on the blockchain. Sia unites together a large amount of unused storage space and couples it with a blockchain to make encrypted and decentralized cloud storage. Thus, it eradicates the need of trusting centralized data centers. The idea of Sia – decentralized cloud storage – was conceived at the HackMIT 2013 Hackathon, and is now backed by Nebulous Inc. (headquartered in Boston, USA). And SiaCoin is the cryptocurrency that has been developed as means for people to use this platform.
Sia’s official website states “The long-term goal of Sia is to be the backbone storage layer of the Internet. We believe data should be free. We aim to liberate the unused bits of the world and construct the largest storage super server on the planet.”
Founded by David Vorick and Luke Champine, the current market cap of Siacoin for today (14th September 2017) is $144,130,562.64 and it has a current circulating supply of 29.4 Billion coins. Though the original design of Sia only called for security, privacy and data integrity, in the process of building a network they also created a marketplace where each storage provider is bound by a cryptographic file contract. All data on Sia is encrypted even before it is even sent over the network and is decrypted only after it has been downloaded.
This shows Sia’s strong focus towards being the go-to product for providing enterprise-level solutions and its determination to be heavily optimizable for the various use cases of cloud storage by designing a flexibility protocol. It is a shame that it so undervalued at this moment, but as the idea gains momentum, the value of SC will sky rocket.
Next up is District0x or rather, DNT which is a network of decentralized markets and communities which can create, operate, and govern. DNT has been powered by Ethereum, Aragon, and IPFS.
In a nutshell, Ditrict0x will allow the operation and governing of marketplaces and communities as decentralized operations. The entire network is comprised of ‘districts’ which will solely be governed by the members of the district in a completely autonomous and decentralized manner. Also, at the core of every district will be the components necessary to operate a market or bulletin board application. All districts will provide baseline functionalities like Postings, Listings, Search and Filtering, Ranking and reputation, Payments and invoicing etc.
Variety of Auxiliary Modules allows for the development and deployment of new features and Aragon governance provides an easy interface for creation and administration. All of this would enable the users to easily create, modify and manage districts – essentially creating a platform for users to create their own decentralized websites similar to the likes of eBay, Reddit, Facebook and many others.
There are currently 600 million tokens available with a total supply of 1 billion, and a Bittrex release is also in the queue. It has a current market cap of about $21,031,680. It might be hard to compare with other cryptos right now due to lack of similar project, however, it shows a strong potential to become a mainstream platform. It is majorly undervalued as of now because it is not listed on major exchanges. But the team is working very hard and is extremely approachable. The whole project is incredibly transparent and shows a promise for the future in heaps and bounds.
Last but not the least we have MobileGo or the MGO cryptocurrency. After two years of development with gaming industry leaders, Datcroft LTD., Gamecredits is near completion of development of the first crypto mobile gaming store. This mobile gaming store has a proprietary payment gateway that allows gamers to use Gamecredits to buy in-game content.
The MobileGo crowdsale and MobileGo token issuance will help fund marketing and branding of the Gamecredits’ Mobile Store and the development of smart contract technology within the platform using the Ethereum blockchain and the Waves Blockchain. These tokens will be used to gamify the mobile platform and to incentivize gamers for loyalty and participation through rewards.
With development leaders like Sergey Sholon, Maxim Sholom, Vesselin Peev, Nikola Djokic and Rob Wilson, MGO brings together championship level gamers and developers. With more than 15 years of experience, the members of this team have worked a variety of tech companies and been at the backend of many blockchain ventures before starting out with their own.
“Perhaps the biggest task crypto faces is gaining mass consumer adoption in some area. As the owner of a game development company for 13 years, I know game developers want blockchain solutions. But I also know for gamer adoption we have to make the experience exciting, convenient and pass savings back to the players. We plan to do that in China, Asia, and the West.” – Sergey Sholom, VP – Development, MobileGo, and CEO, DataCroft
With MobileGo’s smart contract technology, the development of decentralized virtual mobile gamer marketplaces would be enabled for a multitude of users. Gamer vs gamer decentralized match play and decentralized tournaments are the simplest things this community offers. With a wonderful outlook and a promising roadmap, the whitepaper is just another demonstration of the team’s capabilities and will hopefully gain the recognition it deserves very, very soon.
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