After the great collapse over the past few weeks, you will have seen numerous people saying HODL (hold on for dear life). Others are saying that they aren't touching the market until it levels off.
The market has begun to level off but there are a hell of a lot of cryptocurrencies that are massively underpriced right now! Take steem for example that is currently sitting at $0.98. We all know this is underpriced as most of us have seen steem at around $2 and for anyone that follows @JerryBanfield we know that he strongly believes that Steem will hit $10 by the end of this year. I am not sure whether I believe it will hit $10 but I certainly believe that he will be responsible for a big uptake in the steemit platform.
Firstly, pick a currency in the top 30. I will pick Golem as an example.
Golem is currently sitting at a mere $0.20 but let's look at what Golem is and where it's maximum point was a mere month ago.
As you can see from this image, Golem hit $0.67 on June 24th. Since that point Golem has begun a partnership with Streamr (for more information, check out @Crypt0) and is working towards development within that platform. Golem
Decide what interests you about a cryptocurrency
- Is it what the technology is trying to achieve?
- Is it the connections and partnerships that crypto has?
- Is it that there is a burgeoning community?
- Is it that the previous price was high and you now consider it under value?
One thing is for sure... both steem and golemare massively undervalued.
Personally, I think FACTOM is too. And it is a matter of time before factom hits $100!
Hope you enjoyed this and consider these factors when investing.
Good luck and happy crypto hunting!