Most Undervalued Coins To Invest in 2020 – These Cryptocurrencies Are Worth The Look

Bear market has crushed so many dreams, marriages and sadly, probably some lives too. The flood of shitcoins that swept the market in 2017, slowly but surely waned in 2018 so we start with, an almost, clean slate in 2019.

Those that survive this year are definitely worth a deeper look and consideration.

The criteria

Criteria for the list is not too strict but we used couple of rules of thumb to pick our coins. First and foremost, legitimacy of the team – it all starts with people. Most of the projects are at least 1 year old so we do have some track record of team’s behaviour to judge them. Other important factors are use case, token fit (does the token have a reason to exist in the first place), community and potential partnerships.

Basic Attention Token – BAT

Founder is a Mozilla Co-founder and creator of JavaScript. Enough said. Use case is excellent as digital advertising in current form is completely broken from all aspects (aside of the middlemen’s view, they profit nicely). Brave Browser is already boasting big numbers of active users: 5+ million. Team is professional and very reactive to community feedback so the product is improved almost in a daily pace.

BAT is currently valued at $0.16 per token which is 6.1x lower than its all time high, so there is a lot of room for solid gains.

Cardano (ADA)

Even though it is a very known project, ADA is extremely low in terms of price. However, Charles Hoskinson led team is one of the most active and competent crews in the crypto industry which is reflected in the progress the whole Cardano project made in 2019.

It is now to be seen how will ADA react to the technical breakthroughs as Cardano blockchain introduces its superior proof of stake consensus and other measures aimed at scalability and decentralization.

ADA is, just like majority of other altcoins, deep in the red and way below of its all time high.

Genesis Vision (GVT)

Genesis Vision intends to create a service via which managers, brokers, traders, exchanges, and other financial instruments can access a diverse range of assets via one interface.

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With a fully functional product, a solid ecosystem “that envelops many markets, market participants and companies”, the team reiterates that a solid infrastructure has been set in place to ensure positive future development of the platform.

Genesis Vision uses ERC20 standard “Genesis Vision Tokens” on the Ethereum blockchain as a utility token, which is used for all investment operations, profit distributions, and, importantly, “manager token” trading. Manager tokens are a vital element of the Genesis Vision project — each manager using Genesis Vision can issue their own cryptocurrency, which is purchased by investors.

Manager coins are an asset that can be transferred or sold at any point in time on the Genesis Vision internal exchange. The GVT/manager coin model offered by Genesis Vision provides substantial justification for the creation of a new cryptocurrency — investors can buy, sell, and trade tokenized investments in managed funds within the platform itself, but the fungible nature of the manager token means it’s possible for investors to convert them into GVT at any point and trade them on external exchanges.

GVT is currently valued at $0.90 per token which is 33x lower than its all time high of $33, so there is a lot of room for solid gains.

Ethereum

Yes, Ethereum. The title is most undervalued, not unknown. At current prices of around $130-150 per token, ETH is extremely undervalued. If you are in crypto for any decent amount of time, you know a lot about Ethereum but some of the points that work to its advantage:

  • huge developer pool
  • brand recognition
  • first mover advantage in one of the most popular applications of blockchain technology
  • huge, above-average crypto educated community
  • rapidly growing dApps ecosystem and many more reasons

Ethereum is currently at $127 per coin which means it dropped by 11x in comparison to the ATH – a whole order of magnitude. If that is not undervalued, I don’t know what is.

Holochain – HOT Token

Holochain is a post-blockchain technology that is energy efficient decentralised app development platform that is truly peer-to-peer without the scalability issues of existing Blockchain projects.

Holochain is like having access to all of the capabilities of all of the Internet apps simultaneously without needing an API, because the languages are entirely compatible. Holochain is the equivalent of having an IFTTT layer built underneath the entire Internet.

Because the information isn’t forced to sit uniquely in each application, the end user can create a customized experience with the parameters of their choosing. The possibilities for data mining and consensus building are endless. End the data-monopolies of Facebook and Google. If we choose to use Holochain, we choose how our information is shared and empower the commons to utilize it for collective growth and understanding. Source for this wonderful description of Holo is this guy.

When you hear the description of Holochain, you get excited. The project is bleeding edge tech and it grabbed attention of some mainstream media that reported about it. Right now it is still closer to an idea rather than to an actual realization but the potential is immense.

Ravencoin

Ravencoin, a fork of Bitcoin, is a relatively young token; it’s only since January 3, 2018 that it’s been hovering among the crypto currencies.

It aims to be an Ethereum of security tokens.

Ravencoin blockchain is designed to serve specific purposes. On the one hand, it should help to determine ownership of assets in a flawless manner. On the other hand, Ravencoin, similar to Bitcoin, wants to make direct payments possible. As the open source project on the homepage emphasizes, it is completely decentralized: Neither master nodes nor especially no ICO are behind the project.

Two faces of RVN

Bruce Fenton, high profile expert from traditional finance sector, is the father of Ravencoin. Bruce is known an early Bitcoin advocate, who worked as Executive Chairman of the Bitcoin Foundation from 2015-2016.  His experience led him to discover the future of blockchain’s potential for the financial securities industry.

Tron Black is one of seven lead developers of Ravencoin works for Medici Ventures, a wholly-owned subsidiary of Overstock.com. Bruce was friends with Patrick Byrne, Overstock.com’s CEO, and this is how Tron became involved with Ravencoin.

RVN is currently 2.5x lower than at the time of its ATH and is sitting at $0.022 per token.

Bitcoin

Of course, the king is actually the most undervalued coin on the market.

When we consider that 95% of altcoin projects are either misplaced ideas, scams or pipe dreams of incompetent but greedy “entrepreneurs”, BTC is the actual heart pump that keeps the whole industry alive.

I am not gonna parrot all of the standard bitcoin maximalists mantra about censorship, decentralization, trustlessness, capped supply and controlled inflation, but I am going to say this: there is a generational flux that is happening right now as the baby boomers shift from the active to elderly population cohort, leaving their posts and decision making instruments to the new generation.

That new generation is much more apt in the digital world – it is the world they entered as very young, some of them (millenials) even born into it. For this new, decision making generation, is perfectly normal to carry around the knowledge of the whole world, billions and billions of books, millions and millions of libraries, in their pocket. Why wouldn’t it be normal for them to carry a bank, an instant value transferring machine, in their pocket as well?

BTC needs to grow by almost 3x to break even and reach its hitherto all time high of $20k.

Conclusion

The market is never wrong and the market is currently weeding out the worthless pollutants like Substratums, Apollos, Oyster Pearls, Verges etc of the world. This dead weight will sink into oblivion and clear the air for the small, but sound group of projects worth investing in.

The list is fluid and we will update it with new tokens and projects as the market dynamics change and technological breakthroughs happen.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

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