The crypto industry offers a huge variety of cryptocurrencies — nearly 20,000 of them at the time of writing. And, while many of them are high-risk altcoins that make most people turn to the leading, well-established coins that are considered “safe” investments, the truth is that there is a number of excellent coins that are still underrated today.
These are the coins that have great ideas, excellent technology, an important mission, an innovative approach to solving the issues they set out to solve, and more. However, they are still underrated. Today, we wanted to shine a bit of light on these cryptos as well, if only to have investors become aware of them.
The first on our list is a project called eCash, which is a rebranded version of Bitcoin Cash ABC. The project calls itself crypto designed to serve as electronic cash, hence the name that it selected for itself. In other words, the project has one single use case, and that is to be a means of transaction used to pay for goods and services.
The project’s coin is called XEC, but each coin can be split into smaller units called bits, similar to how Bitcoin has its satoshis. Unlike Bitcoin or Bitcoin Cash, eCash uses the PoS algorithm and its developers intend to have it support EVM compatibility in order to achieve interoperability and be used in DeFi.
To learn more visit our Investing in eCash guide.
Next, we have Fetch.ai, which is a project that launched on Binance’s network in March 2019, only 2 months after Binance first used its Launchpad to kickstart the IEO token sale model. Fetch.ai was a major hit at the time, and it sold out in mere seconds. It emerged as an AI lab building an open, permissionless, decentralized machine learning network that relies on the crypto economy.
The project’s goal is to democratize access to AI tech by using a permissionless network that allows anyone to connect and access secure datasets by using autonomous AI to execute various tasks that leverage its global network of data.
To learn more visit our Investing in Fetch.ai guide.
In the third spot, we have Radicle — an open-source protocol that allows developers to collaborate in a P2P and decentralized way. The project is similar to centralized code collaboration platforms, the most popular of which are GitHub and GitLab. However, Radicle, being a decentralized platform, is perfect for building code and dApps, which happens through its P2P replication protocol known as Radicle Link.
The protocol allows users to communicate, spread data, build together, retain redundant copies on their computers while sharing local data with the network, and more.
The thing that makes Radicle unique, however, is its independence from third parties while still offering the same type of service as centralized platforms such as GitHub. This promotes further integration of blockchain tech and allows developers to collaborate on projects within the Ethereum ecosystem.
To learn more visit our Investing in Radicle guide.
Up next, we have Frontier — a chain-agnostic DeFi aggregator that aims to bring DeFi support to a number of blockchains. Some examples include BandChain, BSC, Harmony, Ethereum, and more. Its apps allow users to engage in staking, manage DeFi positions, participate in liquidity mining, access the best-rate asset swapping, manage collateralized debt position creation and monitoring, and more.
In other words, the project is bringing some core functions that DeFi has to offer to users around the world, regardless of which platform they prefer to use. As such, it is one of the most revolutionary protocols in the DeFi sector, not only spreading this technology but also offering advanced DeFi features. In doing so, it is solving the problem of fragmentation in the DeFi sector, enabling users to access different functionalities on the same platform, rather than having to switch from one to the other for each feature.
To learn more visit our Investing in Frontier guide.
In the fifth spot, we have Amp, which is a new digital collateral token that allows for instant, verifiable assurances for any kind of value transfer. Essentially, it allows networks to quickly secure transactions for a wide variety of asset-related use cases.
According to Amp, it offers a straightforward, but still versatile interface for verifiable collateralization via a system of collateral partitions and collateral managers. Collateral positions can essentially be designated to collateralize any application, account, or even transaction. In doing so, they can carry balances that are directly verifiable on Ethereum’s network. These collateral managers are basically just smart contracts, but they can lock, release, and redirect collateral in various partitions as per need, in order to support value transfer activities. The project is a bit technical but highly useful and necessary to improve the way digital collateral is used.
To learn more visit our Investing in Amp guide.
Halfway down the list, we have Raydium, which is an Automated Market Maker (AMM) and liquidity provider that operates on Solana. The project was actually developed to provide liquidity for the Serum DEX, but it also stands out as it works differently from other AMMs out there. The main difference lies in the fact that it offers on-chain liquidity to a central limit orderbook, which means that the funds that get deposited into Raydium get converted into limit orders that sit on Serum’s order books.
As a result, Raydium LPs can access Serum’s entire order flow. Meanwhile, the project’s native crypto, RAY, also comes with a variety of use cases, such as staking to earn protocol fees, staking to receive IDO allocations and governance.
To learn more visit our Investing in Raydium guide.
7. Ethereum Push Notification Service
Moving on to the seventh spot, we have Ethereum Push Notification Service. While the name of the project might be a bit of a mouthful, it actually carries quite a value to it. EPNS, for short, functions as a notification protocol that has the ability to enable wallet addresses of users to receive notifications. In other words, for users who use this project, any dApp, smart contract, or service can send notifications to the user’s wallet directly.
Furthermore, the project would actually reward users for receiving notifications. With the ability to get notifications to their wallets, users can react quickly to new developments and changes in the market, and even predict changes based on the notifications from various companies, which could give them an edge in the world of trading.
To learn more visit our Investing in Ethereum Push Notification guide.
8. Basic Attention Token
Then, there’s Basic Attention Token, or BAT, for short. This is a native cryptocurrency of the Brave Browser — a browser that aims to revolutionize the way advertising works. So far, websites would collect any scrap of information that the users had to their name, sell that data to advertisers, who would then target users with ads on behalf of the companies that are hiring their services. This is quite annoying for the users, which is why so many people employ ad-block software these days.
Brave offers a different approach — it bans all the ads by default, and then it offers users to opt-in to view them. In exchange for doing so, they receive a small amount of BAT tokens to the wallet integrated into the browser. Companies no longer need to go through advertisers to have their products displayed – they just come to Brave, make a deal, and have their ads shown to real people who choose to see them in exchange for compensation.
To learn more visit our Investing in Basic Attention Token guide.
In the 9th spot, we have Celo, which is a blockchain ecosystem focused on increasing crypto adoption among smartphone users. Celo allows users to treat their phone numbers as public keys, which is a much simpler way for people to offer their crypto account number and receive payment with a reduced chance of making an error.
Furthermore, it spares users from having to create a new wallet and learn how to use it, while there are already billions of smartphones with unique phone numbers assigned to people all over the world. Not only that, but many of those smartphone owners do not have access to centralized banking, or have very limited access to it. Through Celo, they could access the crypto world and all the benefits of digital finance through the device that they already own.
To learn more visit our Investing in Celo guide.
10. Kyber Network
The tenth project on the list is Kyber Network, which is a hub of liquidity protocols that aggregates liquidity from a number of different sources. As a result, it can offer secure, instant transactions for any dApp. The project’s main goal is to enable access to DeFi, dApps, DEXes, and other blockchain products with ease, and to let them all reach liquidity pools in order to get the best rates.
All Kyber Network-based transactions are on-chain, so they are easily verified with any Ethereum block explorer, which boosts transparency and eliminates the need for trust. As for Kyber’s long-term goal, it is simple – the project wants to solve the liquidity issues in the DeFi industry by allowing developers to build new products and services without having to worry about liquidity for different needs.
To learn more visit our Investing in Kyber Network guide.
Nearing the end of our list, we have LUKSO — a blockchain project that aims to bring a new digital lifestyle. The project was created by Fabian Vogelsteller, a former Ethereum developer and author of ERC-20 and ERC-725. He also created web3.js, as well as the Mist Browser.
LUKSO was developed as a multiverse blockchain network, meant to serve as a crossroads for a number of different industries and sectors, including fashion, design, social media, and even gaming. As it offers the common platform for all of these and other industries, it also pushes blockchain adoption, by creating a platform attractive to users from all of those industries. Its blockchain also supports smart contracts, which means that it can also be used for the creation of new decentralized apps dedicated to a variety of services and use cases.
To learn more visit our Investing in LUKSO guide.
12. Band Protocol
Finally, the last on our list is Band Protocol, which is a decentralized oracle network that aims to challenge Chainlink. Chainlink is the original and largest decentralized oracle provider, and just like it, Band Protocol also offers its clients the ability to receive real-life data feeds from the off-chain world, thus allowing smart contracts to reach their full potential.
The difference between the two, however, is that Chainlink runs on Ethereum, which makes it slow, and the project essentially suffers from all Ethereum-related issues. Band Protocol, on the other hand, runs on Cosmos, which is much more scalable and capable of reaching higher throughput, at faster speeds, and at lower prices. While many believe that the two are competitors, there are also those who say that the blockchain industry is big enough for both projects to service more than enough clients. And, since the crypto/blockchain sector is constantly growing, this is likely to remain true indefinitely.
To learn more visit our Investing in Band Protocol guide.
With that, we conclude our list. Of course, we are not saying that any of these coins will necessarily blow up in the near future, but we believe that they all have the potential for it. Unfortunately, the crypto industry is very volatile and unpredictable, so we cannot say anything with certainty about which coins may or may not go big. But, if you are looking to diversify your portfolio and are looking into potential cryptos to add to it, we recommend at least keeping an eye on these coins and looking for potential opportunities.