General public tends to judge cryptocurrencies by their price. Unfortunately, the price of any asset, including coins, is vulnerable to speculation, including pump&dumps. Because of that, the market cap does not always reflect the real value of a digital asset.
While the price of some cryptocurrencies, like Bitcoin or Ripple, for example, arguably corresponds to their real-world value, there are plenty of severely undervalued ones out there. Here is a list of 5 such cryptos.
Even though NANO can be considered a direct competitor of Bitcoin, because it positions itself as a decentralized payment system and serves no other purpose, its underlying technology is very different. Instead of using blockchain, it uses something called DAG, which is superior to Bitcoin’s blockchain in many ways. For example, it has no scalability issues and can process transactions much faster. What’s more, NANO develops at a brisk pace, guaranteeing the continuous improvement of the project.
As good as it is, NANO still hasn’t reached the same levels of adoption by merchants, and, crucially, mass recognition as Bitcoin. Fortunately, since the rebranding from RaiBlocks to NANO, the team decided to focus on marketing and creating partnerships with merchants.
If NANO is a direct Bitcoin competitor, then Cardano is Ethereum competitor. Interestingly, it was founded by Charles Hoskinson, one of the Ethereum co-founders. He believed that he could create a platform better than Ethereum using the experience he gained working on the largest smart contract platform in the world. The end result of his idea is Cardano – a smart contract platform that can have more computational power and has a much higher transaction speed.
The main point of difference of Cardano is that the network is built using extensive research and ‘scientific philosophy’. Although this might seem like usual marketing talk, the Cardano Foundation has partnered with various academic institutions and allows scientists and programmers test and contribute to the open-source code of the network.
Basic Attention Token (BAT)
The team behind BAT, who are also developing the Brave Browser, are trying to revolutionize the way how the Internet ads work. It allows any user of Brave Browser to earn BAT while surfing the Internet by viewing the ‘privacy-respecting ads’. 70% of ad revenue goes to the user in form of BAT tokens. BAT then goes to the websites user visits the most (although user can customize which websites to tip). Brave developers also claim that their browser has a high privacy level, which is another advantage of their product.
Right now, the team is working hard on getting more advertisers to use Brave Rewards – at least 1300 are ready to join the program. Brave Rewards has been recently launched on Android and desktop Brave browser. The future is looking bright for Basic Attention Token, which is the crucial part of this reward program.