BLOCKCHAIN

Cryptocurrencies That Are Fundamentally Good But Undervalued

It may take them a long time to catch people’s attention

Long back, when kids still remembered what the Internet Explorer was, a joke used to do the rounds on the internet.

It went something like this:

if you want to practice focus and patience, try playing a YouTube video on Internet Explorer on a state-run dial up internet connection.

Internet Explorer Logo

For tech-savvy millennials who have effectively stopped taking notice of the Internet Explorer, I have a new activity to suggest: go to the CoinMarketCap website, set the crypto list to “View All” and scroll down to the absolute bottom. I am quite sure that my attention span is definitely longer than that of a goldfish but this activity has forced me to accept defeat. I just could NOT scroll down without losing my patience and that is ample proof for me that there are far too many cryptocurrencies out there.

Now that crypto-sphere is giving planet Earth a run for its money as far as overpopulation is concerned, the inevitable has happened.

Several cryptocurrencies that are fundamentally strong and unique, have ended up being undervalued, with few taking notice of them in the midst of the ever-expanding list of cryptocurrencies.

Nucleus Vision Cryptocurrency (nCash)

Wanchain Cryptocurrency (WAN)

ICON Cryptocurrency (ICX)

Power Ledger Cryptocurrency (POWR)

Worldwide Asset Exchange (WAX)

Even the most ardent of crypto enthusiasts are likely to have missed this name in the never ending list of cryptocurrencies and I can hardly blame them.

Currently priced around $0.002282, NCASH is anything but an investor’s dream. Given that the value and market price both frequently depend upon the investors’ attitude towards a specific asset, the latter’s apathy towards this cryptocurrency has effectively robbed it of a place in the sun.

Initially envisioned by a Harvard alum, the idea of NCASH seems to successfully reflect the academic calibre of its creator. As a cryptocurrency, it bases itself on two stellar technologies that lie at the very foundation of the incoming fourth industrial revolution: blockchain and IoT (internet of things).

With a strong structure to sustain its grand plans, NCASH sets out to revolutionise how the retail sector functions, both in terms of targeting customers as well as bolstering their store security.

Nucleus Vision as a platform makes use of IoT sensor technology that is not dependent upon WiFi or Radio Frequency Identification. The sensor itself is enough for a store to locate potential customers and their mobile devices, so that they can provide promotional materials and offers to their target demographic with ease. Setting out to connect the world of online payment and offline brick and mortar stores.

Nucleus Vision also effectively tracks the security of a store’s inventory.

Having been tested on a small scale in India, this platform has shown a great deal of promise. Yet, it remains lost in the maze that is the full list of cryptocurrencies with nobody really giving it the attention it deserves. Backed by a consummate team of developers and based upon a well-conceived technology, NCASH is definitely a cryptocurrency to look out for.

Founded by Jack Lu, a known face in the blockchain industry, Wanchain started out with a great deal of promise.

Even though its Wanchain Coin has not managed to explode into the crypto scene with much flair, it definitely continues to hold enough promise for me to believe it’s quite grossly undervalued as of now.

As the third generation of blockchain gathers speed and the fourth generation of the technology begins to be envisioned, interoperability between blockchain networks and corresponding digital assets seems to be a priority for developers.

Wanchain has managed to tap into this essential feature by striving to establish a platform that allows digital assets to seamlessly move between disparate blockchain networks.

Given that all collaborating businesses do not work with identical or even compatible forms of blockchain or digital assets, the need for a platform that acts like a bridge increases every day. As the future sees more and more firms digitising their existing forms of assets and exchanging them with other firms, a platform like Wanchain and a facilitating crypto like the Wanchain Coin will become absolutely imperative.

Moreover, armed with enviable privacy features and the ability to host smart contracts and launch ICOs, Wanchain Team has definitely started out on the right path as far as technology is concerned. Being worked upon by respected and proficient developers, this platform and its cryptocurrency is well-poised for success eventually, even though the market is still refusing to give it its due.

As I pointed out while discussing the Wanchain Coin, effective interoperability between blockchains is fast becoming the holy grail of blockchain innovation.

However, even interoperability itself could be accompanied by a host of refinements and the ICON platform seems to be tapping into one such possible refinement.

The ICX Coin, and the ICON platform itself seeks to promote interoperability between blockchains by sectoral clusters. For example, it would try to set up and easily navigable and well-connected path between blockchains dealing with healthcare databases amongst themselves and so on. There would be separate interoperable blockchains for the various sectors where the technology comes in handy: fashion to insurance, payment processing to governance.

This platform is still to find its footing in the crypto world and remains undervalued and unknown at the same time. Yet, if it manages to successfully execute its ingenious approach to blockchain interoperability, its cryptocurrency can potentially do extremely well in the future.

This coin is backed by an ideal that is both noble and novel at the same time, making it worthy of our undivided attention.

POWR seeks to disrupt the green energy sector by introducing a platform to connect ordinary people with solar panels so that they can buy and sell this renewable energy with ease and convenience.

Instead of taking up on the pressure in setting up centralised power stations for energy distribution, Power Ledger sets up a decentralised system to connect providers and consumers. Given that both leaders and laymen around the world are still quite callously inattentive to the environmental issues and energy crisis heading our way, it comes as no surprise to me that POWR is still severely undervalued.

Even so, I cannot help but hope that it will manage to garner the credit due to it and manage to find a place in the list of top cryptos as the movement for switching to renewable energy gains momentum.

Worldwide Asset Exchange (WAX)

The WAX token sets out to solve a problem that is specific to a single community: gamers.

Although the gaming community might seem like just a small section of the whole wide world, you would be surprised to know how many gamers there really are in the world. We do not have a fixed number of how many people are playing everyday, but I suppose it should suffice to know that these gamers are already shelling out around 50 billion dollars every year to buy in-game items.

For many gamers, it would be more efficient and profitable to be able to sell off their in-game items to other gamers once they no longer need them, or have outlived the thrill of owning them. The WAX platform seeks to make that possible by allowing gamers to buy and sell using WAX tokens and then sell of those tokens for fiat currency eventually.

Given that it addresses a pretty universal need within the gaming community with a simple but effective form of technology, the WAX token should really be valued much higher than it is right now.

Having taken a look at these five cryptocurrencies, it is essential to note that this is hardly an exhaustive list of undervalued cryptocurrencies.