Our Top 5 Undervalued Cryptocurrencies #2
Previously in this series:
https://steemit.com/introduceyourself/@bitcoinnewsdesk/our-top-5-undervalued-cryptocurrencies-3
https://steemit.com/introduceyourself/@bitcoinnewsdesk/our-top-5-undervalued-cryptocurrencies-4
https://steemit.com/introduceyourself/@bitcoinnewsdesk/our-top-5-undervalued-cryptocurrencies-5
Big money can be made from cryptocurrency if you can find the right coin. We present our top five coins that we believe are undervalued and could, in the future, hit the big time. Remember, always do your own research and as the crypto market is volatile, never invest more than you could afford to lose. This is not financial advice, it is opinion based on research.
#2 - Kyber Network Crystal (KNC)
Current value: circa $1.75
All time high: $2.52
Market Cap: $242,019,443
Coin Supply: 226,000,000 KNC (138,000,000 circulating supply)
Exchanges: Many, expect Bittrex and Poloniex soon
What is it?
Kyber is a decentralised and trustless cryptocurrency exchange platform designed to make cryptocurrency friendlier and easier to use.
Why its price is likely to rise
This token has massive support. Its ICO raised US$52 million in one day (in top 10 ICOs in history) It has the World's largest Slack Channel following (33,000). 21,000 people from 100 countries bought tokens in ICO because the ICO's stringent KYC rules and caps ensured whales were kept out. A reason it has major support is that the company has a very strong team and is advised by Vitalik Buterin (Ethereum founder), creating a great deal of hype and interest. Buterin rarely advises ICOs, one of the others being the highly rated OmiseGo project.
The token has increased in value from its ICO but has quickly settled at its current price. There was no post-ICO dump indicating long-term support. If it were to again hit its all time high, this would represent about 45% increase. It is highly likely to do far better than this if its roadmap stays on track.
