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 get an equal chance to rise. Some are indeed likely to fail, and some are, of course, undervalued.
Here, we are trying to analyze the five cryptos that are underrated and might get a boom in coming years (they are even exponentially rising since the previous week).
1. Telcoin (TEL)
The current market price of TEL is $0.038 after an increase of more than 73% over 24-hours. Notably, crypto has increased its price by nearly 426.87% within a week. Founded by Paul Neuner and Claude Eguienta, Telcoin’s primary focus is the remittance market, and for that market, Western Union is the current leader.
2. Bitcoin Diamond (BCD)
The current market price of BCD is $5.24 after an increase of 64.67% over 24-hours. Notably, its price has been increased by 137.04% within a week. The platform is a hard fork of BTC and includes a new proof-of-work consensus mechanism to deter attacks on the network. It also allows a more significant number of transactions per second by segregating the transaction signature from the transactions on the chain.
3. ABBC Coin (ABBC)
The current market price of ABBC is $0.78 after an increase of nearly 2.99% over 24-hours. Notably, the token is up by more than 100% within a week. ABBC platform helps in facilitating the retail adoption of cryptos by enabling secure payment transactions, and the ABBC token was created to provide investors with the ability to govern the platform’s development via delegating voting powers.
4. GateToken (GT)
The current market price of GT is $6.93 after an increase of 12.44% over 24-hours. Notably, the price of GT has increased by more than 94% within a week. GT is the native cryptocurrency of GateChain, and the platform is a public blockchain that primarily focuses on asset safety and decentralized trading. GateChain aims to handle abnormal transactions with a unique Vault account. It also presents a fantastic clearing mechanism that helps tackle private key loss and asset theft problems.
5. Utrust (UTK)
The current market price of UTK is $0.91, and it has increased by nearly 82.41% within a week. The platform was designed to provide a solution to all those problems, which results in low usability of digital currencies. For this, the network’s primary focus is on the underdeveloped transactional security of the payment platforms. Utrust aims to build a system to enable fast crypto transactions at a much lower fee and hence, allows the merchants to reach out to a vast number of crypto holders.
The prices of cryptocurrencies are indeed based on technological innovations and market sediments. Still, the traders should have excellent knowledge to find underrated and undervalued currencies that have great potential in the future. Buying the undervalued cryptos can indeed be profitable with time if appropriately invested.