Traders invested in the best altcoins couldn’t be happier with the market’s success last year. But at the start of this new year, you’re probably already thinking about what lies ahead in the coming months and what types of altcoins offer the best growth potential in the short term.
Tired of struggling to make more money with bitcoin or other well-known cryptocurrency? Have you considered researching lesser known altcoin to determine their growth potential for the coming year? Well, we have. Take a look at our top three list to learn which currency you should be watching this year, which altcoins have the most potential, and which cryptocurrency you need to start buying now.
Top Three Altcoins
The cryptocurrency market offers a wild ride with a variety of coins jumping in value in no time at all, while other altcoins are dropping like bricks. In this kind of volatile environment, there are many opportunities to make some serious cash, if you’re a savvy investor, however, there are also plenty of traps that can instantly wipe out your portfolio.
Investing in high-profile coins such as bitcoin is probably the safest, easiest way to reduce risk, but the gain potential is much lower with this well-known coin. Traders that are willing to take more risk to enjoy bigger profiles often turn to Cryptopia, which is an exchange where you can purchase lesser known altcoins.
In order to make good investments with altcoins, you need to do a lot of research, not just because choosing the right cryptocurrency can be very rewarding, but also because not all altcoins are the same. Here, we’ll be showcasing altcoins that have great potential but are still undervalued on the market.
These coins are real undervalued gems that you can still buy at a lower price and expect ten times the return or more in the long-term. We’ve looked at good developers with solid projects, with cryptocurrency that has a solid roadmap and stronger than average community support. And once the market discovers these altcoins, they’re bound to skyrocket.
However, until that time, you can still hoard as many of these altcoins as you want while the getting is good, and the prices are cheap.
Here is our list of the top three altcoins to buy and hold:
With a market cap that’s still well below one hundred million, this altcoin is considered a rare gem. Once this altcoin is listed on a larger exchange such as Poloniex or Bittrex, the price will rise. There are several reasons why Deep Onion or ONION will go a lot higher this year:
It has a large, very vocal community. It also has a very active forum, which is something that even bigger altcoins in the game tend to lack. This shows us that a very competent and pro PR team is working closely on this project. This currency is only six months old and already they have such a major following that continues to grow.
ONION is also one of the most notorious, anonymous altcoins that are expected to dominate the market in the next twelve months.
Capped at twenty-five million, the limited supply will put more pressure on the price once most of the coins are distributed.
Deep Onion’s development team is also very active.
Our conclusion: This coin is going to end up in the top one hundred list. We definitely see it easily surpassing the one billion market cup in the near future.
NAV is another type of anonymous altcoin that’s seriously undervalued by the market. It’s a project that began in early 2014 and it’s been growing ever since. It’s one of the best proof of stake coins on the market and its development team has a very solid track record when it comes to delivering on their roadmap.
Currently, they have a market cap of two million. Many traders consider NAV to be one of the most undervalued altcoins around, especially considering the progress it has made. The only reason this altcoin is still cheap is because the NAV team has put most of their efforts toward project development instead of focusing an equal amount of energy on marketing. The development team strongly believes that success will come anyway, without the need for any extra PR.
Here is why we feel NAV will go up this year:
NAV is the only anonymous altcoin that offers a working mobile wallet.
The proof of stake rewards is well thought out, positioning this currency for healthy growth in the long-term.
Our conclusion: NAV is an altcoin that won’t remain undervalued for long, so we recommend getting some while it’s still affordably priced.
XSPEC or Spectrecoin is a fairly new altcoin that’s already rapidly advancing, and it shows great potential for its future on the market. It’s also the first coin that has native Tor integration. The community and team that’s behind XSPEC are working hard to make this altcoin the most untraceable of any altcoin simply because they’re obsessed with anonymity.
Here are some other reasons why XSPEC is still undervalued and why it still has plenty of room to grow:
It has a low supply of less than twenty-one million and a proof of stake reward of five percent, which works to keep the supply scarce when demand increases, which will have a major positive effect on its price.
The team behind XSPEC have created an extremely ambitious roadmap.
Our conclusion: This altcoin has great growth potential and it’s still much cheaper than competing cryptocurrency. Be prepared for this coin to skyrocket within the next several months.