Market Analysts Spot Potential in an Under-the-Radar Coin – Is It Undervalued?
Potential undervalued cryptocurrencies will always depend on the market conditions at the time. Generally speaking, the best way to identify potential undervalued cryptocurrencies is to look for coins that have strong fundamentals, yet lack the kind of media attention or investor buzz that other coins generate. Generally these coins will have low market capitalization, low trading volume, and a low market price. Examples of such coins include lesser-known coins such as GXChain, Komodo, ZenCash, and DECENT. One should also not overlook coins with established brand recognition (e.g. Bitcoin, Ethereum, Litecoin) that may be undervalued due to temporary market conditions. Additionally, it is important to do your own research in order to evaluate a coin’s fundamentals and understand its potential upside.