Here Are 3 Undervalued Cryptocurrencies Worth Buying In 2021

Stock value investors usually have a contradicting notion on cryptocurrencies. They always base their analysis and earnings on the strength and earnings of the market share value of a company.

On the contrary, crypto projects have no earnings, though it has many customers or network users. This means that we can only ascertain a network’s value from its usage and sign-up frequency.

We can also measure a crypto’s network value by assessing its potential to build a network via its technological strength.

This article explains the top three undervalued cryptocurrencies in 2021, and our selection is based on some analysis. As explained in the subheadings below, we chose one media platform, a smart contract coin, and a DeFi coin.

1. DeFi Coin: Noticing Significant Growth

DeFi Coin, popularly represented as DEFC, aims to take the decentralized finance to the world. Its launch was around June, with its main feature built on a DEX (decentralized exchange).

DeFi Coin had gained lots of interest since after its launch when they tipped it for bigger things. The Coin had a presale of $0.10 during its launch and has had a great increase in value since then.

Here Are 3 Undervalued Cryptocurrencies Worth Buying In 2021

Image Credit: Trading Views

As of the time of writing, the coin trades on the BitMart exchange at the rate of $0.65 and a high of $1.67 on July 21. The testnet for DeFi Coin DEX DefiCoinSwap will soon go live. It’s coming with those features that DeFi users expect. These features include Farm, Swap, Earn, Migrate, Analytics Dashboard Poolm Stake.

A spokesperson for the DeFi Coin project stated that the team has a lot of knowledge in the digital industry. He added that they seek to partner with mainstream cryptos to Pool, Stake, and Farm their coins on DeFiCoinSwap.

2. Solana – Makes Its Way To 10 Biggest Cryptocurrencies

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.

It was officially launched in March 2020 by the Solana Foundation, with headquarters in Geneva, Switzerland. Solana has a fast, smart contract platform that presently captures part of the crypto zeitgeist covering great milestones.

Solana has an NFT marketplace built on it known as Solanart, which hosts the digital art sale by the degenerate Art Academy. Other products like  Audius, Avalanche, Kin, Serum, etc., are all doing well as of the time of writing. However, Audius stands out among all due to its present tie-up with the popular Tik-Tok app as a platform partner for music. Solana is the 10th  top valved network by market cap.

3. Theta Fuel: Gradually Picking Up Pace

Theta Fuel stands as our third pick among the most undervalued cryptocurrencies. It’s a protocol used to develop, stream or consume online visual content. Theta Fuel is categorized as one of the

fast performing and growing media networks. The protocol has two functional tokens in the operation of its ecosystem. The first is THETA, used for staking and to secure the platform.

The second is TFUEL, used for the general running of the platform, such as in micro-transactions. Users get incentives through both tokens as they provide unused bandwidth in a P2P setup. The protocol has progressed in its performance. It included NFTs in June 2021 and has recently introduced operations with smart contracts.

This brought an upgrade of the platform to Mainnet 3.0. With the progressive technological advancement of Theta, the network has more potential to offer in cryptocurrencies. However, the protocol is undervalued in the market, probably due to the unfavorable price turns in June.

Comments (No)

Leave a Reply

Join the DeFi Coin Chat on Telegram Now!