Source: atozmarkets.com

5 Underrated Cryptocurrencies in 2020

Every part of the technology is advancing and in the previous decade, the cryptocurrencies became a part of the modern world. Many people choose them because they allow the users to have better privacy, for now, there are no taxes on them and the transfers are a lot faster than the usual bank transfers that can take a few hours or days to be completed.

No matter what you want to do, from shopping to money transfer and online games, you can do all of that with crypto coins. When you use the crypto wallet, your coins are safe and secure. The statistic shows that when you use this currency, you are less likely to be a victim of a hacker attack and your money will not get stolen.

You’ve probably already heard about Bitcoin, Ethereum and Litecoin, but do you know that there are actually hundreds of different crypto coins that are available for the users? Here we are going to talk about the underrated cryptocurrencies and why they may be even better to use than the already well-known ones.

Cardano (ADA)

Source: 123rf.com

This currency is different from most of the others because it offers so many different features. Engineers and developers are getting really interested in these coins because they offer them more than just money transfer. It is considered to be more of a platform than just a coin. The developing team behind Cardano consists of reputable and highly competent people who are constantly working on the improvement of the whole project.

It is said that this currency offers more power-efficient PoS consensus protocol and that the number one goal of the ADA team is to show sustainability, scalability, and interoperability.

However, there are a few negative sides of this project. It is said that the team might not be able to fully deliver the depth and scope of the project. The continuous testing and improvement slow down the project progress and the applications that are built on top of the project may not become widely used. However, this is a promising project that might become one of the best on the market.

Tron (TRX)

Source: hacked.com

This platform focuses on decentralizing the internet with the power of blockchain technology. The Tron Virtual Machine is compatible with Ethereum’s Virtual Machine and the ETH dApps can work on TVM with minimal revisions. It also allows high transaction speeds that reach over 2,000 transactions per second.

With the high speeds, users can buy and sell more coins and they can finish their transactions in almost no time at all. Binaryx advises that and digital trades need to be made with professional traders so that your transfers can be safe and secure. Everyone who is interested in this can start trading cryptocurrencies and you can monetize your trading skills in no time. People just need to make smart and fast decisions and follow the current market.

Experts say that there are a lot of positive sides to this currency and platform, starting from the fact that it is one of the fastest-growing dApps platform, up to the team’s strong marketing initiatives and its scalable and cost-effective functions. However, many people say that there is a lack of dApps diversity and that most of the features and parts of the Tron Whitepaper were copied from other platforms and blockchain projects.

Nano

Source: tokeny.pl

At the moment, Nano is the 23rd largest currency in the crypto market. This project competes in the saturated UVP arena of payment and for now, it is under shadowed by more popular cryptos like BTC, ETH, and LTE. However, the innovative block-lattice system that Nano has is working very well, so the luck of the developing team behind it may change.

The coin took a bit of a fall in the wake of the Bitgrail currency exchange collapse in 2018, but it is safe to say that now the project is winning over new proponents with the transactional efficiency that it is offering.

Ravencoin (RVN)

Source: medium.com

At the moment this is the 58th largest cryptocurrency. It is said that it is a clone of Bitcoin, but it is more focused on security token offerings (STOs). It is expected RVN to figure much larger in the futures of Overstock subsidiaries.

The CEO of Overstock, Patrick Byrne said that they have 20 different companies within Medici Ventures and that they are trying to integrate and leverage RVN into different projects. One of the news he shared is that people will be able to issue security tokens on Ravencoin.

We will just have to wait and see what happens and if this coin climbs up the ladder.

Enigma (ENG)

Source: ab2l.org.br

It is said that ENG is a privacy play that is focused on creating a privacy layer for the decentralized web. The data in the blockchain can be used without breaching the privacy of the users and that is possible because the Enigma platform uses secret nodes with stalked ENG.

Experts say that this crypto coin has the potential to turn blockchain projects that were not focused on privacy into really secure and private coins. With the dynamic Enigma has, it has the potential to become one of the most valuable coins on the market.

Other underrated cryptocurrencies

Source: medium.com

There are so many coins that are not that popular yet, and if you want to be a part of the blockchain, you should know which ones you should focus on. Other cryptocurrencies that are not that famous yet include:

  • Enjin Coin (ENJ)
  • Decentraland (MANA)
  • EOS (EOS)
  • 0X (ZRX)
  • Chainlink (LINK)
  • Basic Attention Token (BAT)

What is your experience with cryptocurrencies? Which one is your favorite? At the end of the day, they are all similar and they are all different in their own unique ways. Depending on what you are using them for, the size and number of transfers and other features you might need, you can choose the coin that works best for you.

Experts say that we can expect the crypto coins to completely replace the current currencies all over the world in the near future, but we will have to wait and see. You can mine them, buy or sell them and some people just keep them to wait and see if they become more valuable in the future.

When the Bitcoin came out you needed hundreds of coins to just buy one pizza, and now they can buy you the home of your dreams. So, don’t waste another minute, who knows, maybe one of the underrated coins will make a boom larger than the Bitcoin one.


Peter is a freelance writer with more than eight years of experience covering topics in politics. He was one of the guys that were here when the foreignpolicyi.org started.

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