It is interesting to invest in a cryptocurrency that has a clear-cut goal and appears to be relevant in this era. Investing in a cryptocurrency that is readily accepted by the majority has a long way of functioning and attracting the new volume of investors. However, picking the right digital asset to invest has never been easy to newbies and some old folks in the industry.
In a bid to suggest some of the cryptocurrencies that have a defined goal and has the potential to reach to the moon, this article seeks to present three most underrated cryptocurrencies in the industry.
Tronix is a cryptocurrency launched by the Tron foundation to ensure an effective, and cost reduction in sharing digital contents. Tron is a blockchain based decentralized digital platform. In 2017, the Tron foundation announced the introduction of a Free global digital content entertainment platform that seeks to encourage a free sharing of digital contents by the omission of intermediaries.
Tron was launched to bridge the gap between content consumers and content producers and reducing cost on the part of the consumers. Tronix is the currency used on the platform. Consumers make payment with Tronix, and this is received into the producer’s wallet. The producer can, therefore, decide whether to withdraw by exchanging to another cryptocurrency. Tron is trading at $0.014 with an available supply of 65 billion.
Zcash is a decentralized, open-source cryptocurrency. The digital asset describes itself as “If Bitcoin is the HTTP of money, Zcash is the HTTPS of money”. The cryptocurrency is one of the most underrated assets in the industry considering its functions and features. Zcash offers extreme security for users and also provide a selection for transparency of transaction. Zcash pulled a surprise on 29 October 2016 to trade above $4000. It is currently trading at $90 with an available supply of 5 million. It is expected that this cryptocurrency will pull a big surprise when the market pulls out of recession.
Monero is a private, secure and untraceable cryptocurrency. Its strength lies in the community it has built for itself. Monero was purely developed through donation and has always been a community driven. Monero has an available supply of 16 million and Total supply of 16 million. The cryptocurrency is currently trading at $69.
There are other known underrated cryptocurrencies such as Digibyte, Bitcoin gold, Verge, Litecoin and few others.
Disclaimer: This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.