Some Cheap Coins that Have Huge Potential
I am noticing a few coins that are out of favour right now and as a result their prices are too low and I think the coins are oversold. Often the best investments are those made when sentiment towards a particular assets is very low, often too low based on fundamentals. Human nature is to get too excited with investments doing well and get too down on investments that are underperforming. Value investors try to take advantage of this flaw in human nature by buying these unloved assets and then benefiting from improvements in sentiment over time as reality plays out. It can be quite rewarding buying these cheap assets and riding them as the market sentiment improves.
One coin that I have noticed has fallen dramatically is the coin Verge. It wasn't that long ago that Verge was trading over $0.20 and people were predicting it to climb over $1 as the coin gains users and more people become aware of it. Verge is a coin that benefits from being completely private, has low cost to transact, and having fast transactions. It appears to be a coin that could become a good candidate for regular day-to-day transactions, the normal purpose for a currency. The price of Verge has fallen to as low as $0.08 with the recent correction in crypto currencies and also delays in the release of the Wraith protocol. At these prices I think Verge represents a good buying opportunity and with the recovery taking place I think it has the potential to head back into the $0.20 range representing a 300% opportunity.
Another coin that is at a low price is Reddcoin which is coin where its blockchain is still being developed. Once up and running Reddcoin aims to be a coin used on social media websites like Reddit and will allow owners to give Reddcoins to content creators in order to 'tip' or give some benefit to them to encourage further content creation. The coin trades for less than $0.01 and I think the price is low because the blockchain is not up and running yet but once this occurs the price will get a lift.
There are other coins that are at low prices and picking up these coins when they are out of favour can be a good way of getting extraordinary returns when sentiment changes. Good luck
interesting. Let's see how it will end up
Yeah we will see if they are able to last over the long term but as a trade I think they represent good opportunities.
Good write-up Sly. Yeah the emotions of people do tend to overblow or undervalue a lot of things depending on positive or negative attitudes towards them. I've owned both of those coins at one time or another. I'm kind of at a 'wait and see' with them at this moment. Redd might have a future if it's implemented well. Could see it doing ok.
Yeah I can see Reddcoin doing well so I think at these prices it represents good value and worth investment.
Thanks for the info
Your welcome, I think these coins are good investments because they are out of favour right now.