The crypto currency market has been on a downward trend after hitting a massive height around December 2017. It is true that 2017 saw most investor cashing out huge gains in crypto market as a result of the amazing BULL run that happened within December and now the market has tanked way below most people’s expectation. However, every dip in the market creates an opportunity for new investor to buy at convenient price and also for old guys to make good profits and re buy at the dips. As a result of the current market dip, I did some studies on several coins and I have listed my top 5 and the reasons why.
NB: This is not a financial advice; you can always do you own research before investing in any ALT.
1. EOS
So EOS has been around for almost a year or more, but the truth is that it is still highly undervalued. From the graph below, you will notice the gradual growth after a massive decline in price. It has risen to above $18 and is currently trading at around $5-6. Reasons why I picked EOS
EOS is not just about smart contracts plus high scalability, it has a completely different design and vision compared to Ethereum. EOS uses Delegated Proof-of-Stake just like Graphene does. It uses Network Bandwidth Allocation system to effectively share the blockchain.
It’s like time sharing. It’s like owning an instance on an Amazon web service that you can share
I will talk more about EOS in a single post.
• Market Carp: $4,676,361,827. This is still below $10B
• Circulating Supply: 758,973,457 EOS
• Total: 900,000,000 EOS
• Maximum Supply: 1,000,000,000 EOS
• Price per token: $5.88 as at time of writing
2. DTA
Another very undervalued coin I think is out there in the crypto space is DTA. With its use case, I can say that this baby is still sleeping and has a long way to go, to make it more interesting, it is currently trading below ICO price. You can see that from the graph below. Decentralized AI-Powered Trust Alliance (DATA) is a blockchain based advertising protocol and technology stack to resolve data fraud which is the most overwhelming challenge in digital advertising economy. With this use case, DTA is sure to hit it big in the market as it is also a rival to BAT
• Market Carp: Not up to $50M as at the time of writing
• Circulating Supply: 4,254,336,773 DTA
• Total Supply: 11,500,000,000 DTA
• Price per DTA: $0.009852
3. XVG
This coin was originally created as “Dogecoin Dark” in the year 2014, and later was rebranded to “Verge” in the year 2016. The reason for renaming Dogecoin Dark to Verge was done because the name Dogecoin was constantly hounded with humor (jokes and memes) on the Internet. This caused a serious damage to its reputation, and the currency saw a decline in its popularity. With its reinvention as Verge, the currency has seen an upward trend in its trajectory since then. However due to the sudden downtrend in crypto market, it has since faced a massed dip thereby creating room for investors to get in and secure good positions. Some of its features includes complete Anonymity, Ultra-fast transactions, Decentralized currency, Services offered for mass adoption.
• Market Carp: $582,080,016 Still under a billion which is a good thing
• Circulating Supply: 14,770,005,692 XVG
• Maximum Supply: 16,555,000,000 XVG
• Price per XVG: $0.039410
4. ZIL
I was introduced to ZIL by a friend during our discussion about some alts, and I told him I was going to check it out by doing my own research. When I did, I found another gold mine with Zilliqa. Project was started around June 2017 with good team and community. On their website, it states that Zilliqa is the world's first high-throughput public blockchain platform - designed to scale to thousands of transactions per second plus their testnet is designed to occur in the first quarter of this year, I believe that this coin still has a lot to offer.
• Market Carp: $300,688,763 USD as at the time of writing
• Circulating Supply: 6,618,552,066 ZIL
• Total Supply: 12,600,000,000 ZIL
• Price per DTA: $0.045431
5. ICX
This is the last pick but certainly not the least. ICX has proven to be a good coin with good project. Following its recent height before the dips, you will realize that it is having good potential.
According to the ICX website, project ICON wants to “Hyper-connect the World” by “building one of the largest decentralized networks in the world.”
To do this, the ICON team is building a massive platform that will allow various blockchains to interact with each other via smart contracts. Existing within what developers brand the ICON Republic, communities will connect with each other using ICON’s loopchain technology. ICON’s end game is to provide a platform where players from financial, security, insurance, healthcare, educational, and commerce industries and beyond can coexist and transact on a single network. If this is achieved, you should know that this will just be the beginning of ICX.
• Market Carp: $976,910,773 Still under a billion which is a good thing
• Circulating Supply: 387,042,508 ICX
• Total Supply: 400,230,000 ICX
• Price per XVG: $2.52 USD
Remember there are lots of Alts out there and you can always do your own research before buying any coin. If you feel like investing in any of the alts listed, also do well to research on your own as this is not a financial advice.