In recent years, cryptocurrencies have become a global phenomenon and the market is growing exponentially. With more than 8,000 digital currencies in the market, not all cryptos have the same chance to rise. Some are likely to fail, others are of course undervalued.
Here we are trying to analyze the five cryptos that are underestimated and that could see a boom in the coming years (they are even increasing exponentially since the previous week).
1. Telcoin (TEL)
The current market price of TEL is $ 0.038 after increasing more than 73% in a 24 hour period. In particular, Crypto has increased its price by almost 426.87% in a week. Telcoin was founded by Paul Neuner and Claude Eguienta and mainly focuses on the remittance market. Western Union is currently the leader in this market.
2. Bitcoin Diamond (BCD)
The current market price for BCD is $ 5.24, up 64.67% in a 24 hour period. In particular, the price was increased by 137.04% within a week. The platform is a tough fork from BTC and includes a new proof of work consensus mechanism to fend off attacks on the network. It also enables a greater number of transactions per second by separating the transaction signature from the transactions in the chain.
3. ABBC coin (ABBC)
ABBC’s current market price is $ 0.78 after rising nearly 2.99% in a 24 hour period. In particular, the token has increased by more than 100% within a week. The ABBC platform facilitates the adoption of cryptos in retail by enabling secure payment transactions. The ABBC token was developed to give investors the opportunity to control the development of the platform by transferring voting rights.
4th GateToken (GT)
The current market price for GT is $ 6.93, up 12.44% in a 24 hour period. Remarkably, the price of GT has increased by more than 94% in one week. GT is GateChain’s native cryptocurrency, and the platform is a public blockchain primarily focused on asset security and decentralized trading. GateChain aims to process abnormal transactions with a unique Vault account. It also offers a fantastic clearing mechanism that can help address private key loss and asset theft issues.
5. Trust (UTK)
The current market price of UTK is $ 0.91 and has increased nearly 82.41% in a week. The platform was designed to provide a solution to all of these problems, resulting in poor digital currency usability. The main focus of the network is on the underdeveloped transaction security of the payment platforms. Utrust aims to build a system that enables fast crypto transactions for a much lower fee and allows traders to reach a large number of crypto holders.
Indeed, cryptocurrency prices are based on technological innovations and market sediments. Still, traders should have excellent knowledge of how to find underrated and undervalued currencies that have great potential in the future. Buying the undervalued cryptos can actually be profitable over time with reasonable investment.