The Most Undervalued Altcoins January 2018
The use of gold, banknotes as a form of financial exchanges have evolved over the years. For thousands of years the trend has moved through money-from-gold, to banknotes to fiat currencies and now digital/virtual currencies called cryptocurrencies.
In 2009, Bitcoin, created by an unknown person or people under the name Satoshi Nakamoto, became the first virtual currency to hit digital space. However, following its success story, the world has since welcome the creation of more than 800 other cryptocurrencies –collectively known as altcoins. “Alt” is short for the word alternative and coins represent currencies.
Most altcoins ride on innovations –presenting it as newer versions of options in the market; by improving on perceived limitations, being more efficient and enhancing transaction speed.
Today, quite a lot of Altcoins are faring well, gaining popularity by the day. This has helped to improve market ratings and pricing.
However, despite recent successes some Altcoins as we’ve seen lately happened to be undervalued [not appropriately priced]. Let’s look at these cryptocurrency options and predict the outlook by the end of 2018.
Substratum
Substratum with market cap of USD $443,941,864 has witnessed an up-rise in volume. It gained momentum in November 2017 and since being on upward trend. However in January 2018 the trend shows a more rapid increase in volume. Chart… If this trend continues it is expected that by the end of the year Sustratum as currently priced at $1.6 should have its value increased to $50.
Ethos
Ethos in the same light has experienced upward flow –coming up the ladder in market volume. The flow has continued through December and became more pronounced in January 2018. Ethos market value is currently capped at $796,712,215 USD with total supply of 222,295,208 ETHOS. The direction of the chart suggests that this cryptocurrency – by the end of 2018 – may move from its current price of $10 to $100.
Binance and Ethlend
The last three months have proved promising for Binance coin and Ethlend. The two altcoins hit upward mark during the last quarter of 2017 and since enjoyed a direction up-north. They are currently priced at $13 and $0.23 each but predicted to hit $300 and $5 in ‘value’ by the end of 2018.
Tron TRX
This Chart shows TRON (TRX) to be relatively flat in volume-increase during the eleventh month of 2017. By December of the same year the chart saw a rise; and more rapidly in January 2018. Each TRON is valued at $0.19 at the moment – it is however predicted that by the end of 2018 the price of each TRON should rise to $2. TRON (TRX) currently has a market capitalization of $14,345,663,864, a total supply of 100,000,000,000 TRONs out of which 65,748,192,475 TRX is presently in circulation.
Genesys vision
As Genesys Vision GVT is predicted to reach $200 in price value by the end of 2018; EOS is another of such altcoins that is undervalued. EOS has seen a massive rise in volume during the last three months. It is currently capped at $6,297,940,690 USD with total supply of 900,000,000 EOS and 583,202,057 EOS in circulation. By the end of 2018 each EOS as presently priced at $10 are predicted to rise to $90.
The future of cryptocurrencies is not predictable but one thing is certain, its effect is already here to stay.