2 Explosive Altcoins That are Undervalued

in #cryptocurrency7 years ago

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Everybody is talking about the high market cap cryptocurrency coins. i want to talk about two undervalued cryptocurrcny coins that could be on the verge of blowing upward. that being said lets get into them

  1. NoLimitCoin (NLC2)

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REASONS IM INTERESTED

  1. First let me explain coinmarketcap and the rankings. Their are over 800 crypto currencies on coinmarketcap and they are ranked on marketcap. Coins get attention from investors once they reach the 100 ranking. For investors that means the coin has been growing and is time to acknowledge it. once it reaches 50 ranking thats when investors get really interested so it is good to get in a coin before it reaches 50 ranking. NoLimitCoin is ranking at 98 on coinmarketcap. While altcoins are get the crapped kicked out of them NLC2 is moving up against the grain. If you look at the rankings you will see most coins in this range have taking hits this week from all the Bitcoin Noise. However, NLC2 has gained 3% on the trade day.
  2. NoLimitCoin has a product in a industry where 85% of altcoin don't have a product yet. that is a vary good sign.
  3. NoLimitCoin has not hit the biggest exchanges yet. It currently has a market cap of $42,020,962 currently. I would expect this to rise when they hit a major exchange such as Bittrex or Binance.

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let take a Look at the 6-month chart you can see that for sometime it was a downtrend; however, over the past couple of days the trend reversed. What many new investors do is they follow the hype and buy a coin when it is at its highest point but smart investors know you don't want to do that; so you want to look at altcoins that have the potential to explode up in a parabolic rise when something major happens to it. As I mentioned earlier, NoLimitCoin has yet to hit the top major exchanges so when that happens there is a very good chance market cap increase and jump considerably. It has a working product and has just released a new UI (User Interface) which partly contributed some to the spike in the past couple of days. This is one i like to watch because I believe they are releasing more features to their product in the near future.

  1. PIVX (PIVX)

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if you been watch altcoin you know they have been downtrending. If you look at PIVX chart you will see it has been having a rough time and downtrending as well (Most altcoins have been). I believe this is another coin that is currently undervalued. If you analyze and look at the monthly chart you can see that the MACD line is crossing upwards over the signal line. The signal line is the 9-day EMA. What this means is that PIVX could go on a bullish run. For those that may not know, the MACD and the Signal line are the two lines that are under the candle chart. These two indicators are incredibly useful when studying stocks and coin charts to help you decide the direction of the coin. What is also important to keep an eye on is the volume which you see as gray bars directly under the candle chart.

REASONS IM INTRESTED

  1. PIVX stands for Private Verified Instant Transaction. if you have been watching the crytocurrency world you know that private coins have been doing extremely well. Coins such as Monero, Dash, ZCash, Verge. PIVX are a Proof of Stake coin which means it doesn’t rely on miners and rewards through Proof of Stake. Users can buy into the coin and after buying so many coins be eligible to own a masternode and get rewarded for helping with the stability and processing of coin transactions. This coin has the potential to follow in the footsteps of Dash coin as it was forked from Bitcoin just as Dash. Dash now has a $2 Billion dollar market cap while PIVX is at $153 million. This is very undervalued coin in my opinion.
  2. Unlike Bitcoin and other coins PIVX is a privacy coin. Bitcoin transactions and addresses are stored on a public ledger where anyone could possibly trace the address to a person (Not safe). PIVX has announced a protocol called Zerocoin which allows block-level chain anonymity. If you have millions of dollars would you want the transaction to be traced backed to you think about it thats not safe. anybody can trace you. PIVX prevents that from happening it keeps you safe and private.
  3. PIVX has been working on it wallet and it recently released the final version of its wallet. They're main priority is security; They are currently working on more security features as well as a completely encrypted, secure chat system within the wallet which many coins security is not the focus.
  4. This is huge because this can be a game changer for PIVX but Binance.com is considering PIVX to be added to their exchange. This would definitely affect the price shooting it high up.
  5. As you keep buying PIVX coins you will be getting closer to receiving masternode. once you receive a masternode you'll get paid just for maintaing a masternode. masternode is used to process transactions. another way to earn money is interest, as long as you have PIVX coins in an active wallet you also receive interest. so basically you'll be get paid for masternode and also interest for holding PIVX coins; as well as profits as the coin increases in value.

I HOPE Y'ALL ENJOYED AND FOUND IT INTERESTING.... PLEASE DO YOURE RESEARCH DO NOT FOLLOW ME BLINDLY

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