3 most undervalued cryptocurrencies for June 14th 2017
Hi guys,
Looking at the charts today and studying the trend I believe the following cryptocurrencies are very undervalued.
- Digibyte (dgb) - famous saying "buy the hype sell the news" is exactly what happened to digibyte on 9th of June due to not winning the Citibank challenge but they got exposure which is the main thing in the long run. The Citibank challenge is not over yet as I stated in my earlier blog so there is a chance that they might get and award and recognition at a larger scale. Will happen in July (please see me earlier post regarding this). The price is perfect to buy in now as I believe the price will soar close to 0.10 again as we get closer to July award announcement. Sadly there will be loads of pump and dump again but the coin has great potential longterm.
steem- it is very undervalued as I believe that steemit will in the future take place right next to youtube and Twitter so as the awareness of steemit grows so will the value of steem. Longterm - exponential growth, short term - very undervalued.
ripple (xrp) - with all the recent news about implementation of xrp into the various banks, the value should be quite high for this coin, yes the supply is ampule but with each transaction there is a small amount of xrp that is destroyed and furthermore ripple is potentially going to announce a lock on the release of over half the coin in production so the vale of the remainder should increase immensely from its current price in the near future.
I have no investment in ripple or digibyte as yet but will definitely invest now.
Guys this is my opinion based on my research and reading the trend, please do your own research before investing and goodluck trading.
Would love to hear of everyone's opinions aswell!