2018 has been a brutal year for cryptocurrency investors, the market valuation took a huge dump from 830 billion dollars back in January to 190 billion dollars in early September. While the entire market remained bearish, altcoins took most of the beating and almost all the top altcoins plummeted 80-90% from their all time highs.
With Bitcoin dominance above 55% and most of the altcoins sitting at their historical support range, I personally believe this is the opportunity where the gains are to be made in altcoins. Although, there is still room for Bitcoin to go lower especially with an ETF decision pending at the end of this month which can increase the volatility in the market and present us with better investment opportunities but it is always important to be prepared as to which altcoins you need to be investing into in order to be well placed when the market picks up.
There are more than 1900 altcoins listed on coinmarketcap alone. While many of these altcoins serves little to no purpose and many of them will eventually die but there will be few winners who will stand the test of the time and will reward the investors in the long run. However, finding those gems is the most difficult part.
Today, I am going to share a list of top 15 altcoins that I believe are severely undervalued right now and will do well in the long run. I am personally invested in all of them and took various factors into account while picking my top 15, I will also be doing a series of posts highlighting the strengths and weaknesses of each of these projects in the coming days, till then enjoy the list.
Selection Criteria:
- Team
- Stage of Development
- Intrinsic value of token
- Circulating Supply vs Total Supply
- Niche/Market
- Innovation
- Market Awareness
- Competition
- Partnerships
- Risk to Reward Ratio
| Name | Market Cap | Type | Circulating Supply | % Change from ATH |
|---|---|---|---|---|
| Ethereum | $21.6 billion | Public Blockchain | 100% | -84.7% |
| Neo | $1.1 billion | Public Blockchain | 65% | -89.35% |
| Binance Coin | $921 million | Exchange Coin | 49.6% | -60.55% |
| ICON | $235 million | Blockchain Interoperability | 48.4% | -95% |
| Steem | $227.3 million | Social Media | 94.29% | -89% |
| Walton | $125 million | Supply Chain | 57% | -92.86% |
| Wanchain | $94.6 million | Finance/Interoperability | 50.55% | -90.87% |
| Power Ledger | $58.4 million | Energy | 38.16% | -92% |
| Elastos | $56.3 million | Telecom/Operating System | 22.76% | -92% |
| HPB | $30.2 million | Hardware Accelerated Blockchain | 37.3% | -91.19% |
| TheKey | $21.8 million | Identity Verification | 51.65% | -89% |
| Bluzelle | $21.4 million | Decentralized Database | 38.24% | -85.43% |
| NKN | $6.5 million | Telecom/Network Infrastructure | 25.86% | -92.85% |
| Decision Token | $4.1 million | Voting | 66.38% | -97.57% |
| Unibright | $2.5 million | Blockchain Integration | 92.35% | -87.83% |
There are few projects which couldn't make the list but are very promising indeed and deserves a mention. These include VeChain, OmiseGo, Ontology, 0x, Zilliqa, BAT and Pundi X
Disclaimer: This is not a financial advice. I am giving my personal opinion, do your own research before making any investment decision. Do not invest more than you can afford to lose.
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How about Bitshares?
Not really a fan of Bitshares and honestly never looked into it much
Nice list, will check out some of these tokens.
Also i would recommend Crowdholding. If you are looking to earn some tokens for free. They have over 50 projects and 28k signups. Great place to pick up some tokens for giving feedback to tasks / bounties and airdrops.
https://www.crowdholding.com
Nice, thanks for sharing
5 days into the post and Bitcoin dominance reduced to 51.4% with Ethereum, Steem, Wancahin, Power Ledger, HPB and Bluzelle all showing double digit gains in last 1 week.
Nice list man.
Thanks
NPXS isn't on your list?
No, as I thought there were other severely undervalued projects out there but I have mentioned that as a promising project in my post. If it was top 20, NPXS would have made it on my list.
Nice list . Maybe you can add : Ontology and Loom network ? What is your idea abaut thats ? ( I dont know good english ) .
I followed you , you can follow me if you want to be aware of good ico :) Good luck .
I don't think Ontology is undervalued at this point, it's market cap on fully diluted basis is $1.95 billion while Neo's market cap on fully diluted basis is $1.82 billion and if you compare both the projects, Neo is far ahead in terms of development and currently hosts a lot of dApps while Ontology is just getting started. As far as Loom network is concerned, it is a layer 2 scaling solution and other similar projects haven't done well in the past and therefore I didn't consider it in my list.
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