Without a doubt, everyone is aware of Bitcoin and Ethereum. However, the cryptocurrency market is not limited to just the two of these digital coins. There are over 20000 cryptocurrencies available out there and the confusion as to which one to choose naturally seeps in. Just like any other investment, cryptocurrency investment is fairly risky. However, that doesn’t stop you from investing right? What could be the best possible step to take in such a scenario? Well, you can maximize profits by identifying undervalued cryptocurrencies. Don’t worry, we have got your back. In this article, we shall talk about the top 10 undervalued crypto coins to buy in 2023. Have a look!
Co-founded in 2014 by Sergey Nazarov and Steve Ellis, Chainlink has emerged to become the first to connect to off-platform sources to integrate data into smart contracts. Both co-founders have a profound experience with decentralized systems. As Chainlink is a dominant force in a growing market, you can trust this investment blindly.
The primary aim of Polygon projects is to increase the acceptance of cryptocurrency. This is done by improving scalability and adding functionality to the Ethereum network to create a multi-chain system while also reducing fees. What is worth a mention is that Binance, Coinbase Exchange, Kraken, and KuCoin all support polygon cryptocurrency.
Hedera Hashgraph is an alternative to blockchain that uses a technology called Directed Acrylic Graph. What happens here is that Hashgraph nodes communicate with each other to share data about the network’s transaction history instead of relying on mining to verify transactions. Hashgraph’s robust technology stands the ability to outperform many blockchain-based alternatives in numerous crucial aspects, including speed, cost, and scalability, thereby making it a great investment option.
PancakeSwap is famous for all the right reasons. It is one the most-used decentralized platform so far, with $3.3 billion in funds staked, or locked, on the platform. PancakeSwap is an automated market-making platform where users can exchange cryptocurrency and stake their tokens for a fee.
This is a self-sustaining, decentralized, blockchain-based network that provides a secure, scalable, and efficient platform on which developers can create their own applications. Its token, mainnet went live in June 2019, and in a year and a half, it could process around 1 million transactions each day.
Tezos was founded by Arthur Breitman, the architect of on-chain governance. He first suggested Tezos in a position paper published in August 2014 and later published a white paper on this cryptocurrency. Tezos is a blockchain network that is quite similar to Ethereum from the perspective of smart contracts perspective. However, there is a significant difference. Tezos seeks to provide more advanced infrastructure than Bitcoin and Ethereum, which means it may evolve and improve over time.
Launched in 2014, Filecoin emerged to become a decentralized data storage system, built on the Interplanetary File System, that keeps your data’s integrity intact. Filecoin is an open cryptocurrency and protocol with a blockchain that records the network participants’ commitments and transactions.
Theta is a blockchain-based network created in 2018 specifically for video streaming. Theta mainnet is a decentralized network where users exchange bandwidth and processing resources on a peer-to-peer blockchain network. The objective is crystal clear – to upgrade the video streaming industry by improving streaming quality and making it more efficient and cost-effective.
This was launched in June 2019, as a public blockchain platform. It aims to provide an accessible user experience and development environment. Klaytn is best known for its complete metaverse packages that allow developers to build their own play-to-earn games, create NFT marketplaces, and perform other functions on its network.
After coming into existence in the year 2018, Quant has been able to successfully connect blockchains and networks globally without compromising the networks’ efficiency or interoperability. It is the first initiative to address the issue of interoperability by developing the first blockchain operating system.
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