Editorial staff
Most traders are familiar with Bitcoin and Ethereum — but did you know the crypto-verse today has over 22,000 coins? Most of these cryptocurrencies barely make it to the media, which has resulted in many people not having faith in them. However, these no-names have long-term potential, despite being undervalued at their current prices. You can always buy USDT with credit card on Paybis, but if you’re looking to venture into a few underdog cryptos, here are the most worthy options.
1. Filecoin (FIL)
Filecoin is a decentralized platform built on the InterPlanetary File System (IPFS) to ensure the integrity of stored data. Filecoin's decentralized storage differs from Cloudflare or Amazon Web Services because it gives you access, control, and supervision rights over the stored data.
Filecoin is presently valued at $2.35 with a market cap of roughly $1.6B, making it highly affordable. However, given its features and use cases, it is seen as one of the most undervalued assets with a potential for massive price gains.
Filecoin Main Features
Some of Filecoin's main features include:
- Decentralized Storage. Filecoin's main functionality is decentralized file-sharing and storage. It presents a more convenient (and secure) alternative to centralized digital storage. Users here determine the prices and contract terms for the sale of their storage spaces.
- IPFS Integration. IPFS is the technology underlying Filecoin. It is an open-source and free-to-use integration that doesn’t imply incentives. This means that Filecoin takes on the incentive function, rewarding users through its native FIL token.
- Proof-of-Replication. On the Filecoin network, miners verify their reliability through proofs. One such system is the Proof of Replication, which verifies that a storage miner has the content they claim to be storing.
- Proof-of-Space-Time. This is another proving system, which is a mechanism used to validate continuous storage provision by storage providers. The providers are incentivized to answer a PoSt challenge by receiving block rewards.
FIL Price Prediction
FIL is the native coin of the Filecoin network. It started the year trading around $3.00. Currently, the coin is at $2.35, showing a decline compared to early gains. Long-term forecasts still suggest potential growth, with some analysts placing targets above $10 in the coming years, though older predictions of $50 now appear outdated.
2. Theta (THETA)
Theta is a next-gen entertainment-focused blockchain. It allows users to trade bandwidth and video processing resources. The project aims to upgrade the video streaming industry by making quality streams cheaper and more affordable for the majority of users.
Theta’s native token is called THETA and is used for governance rights among the token holders.
The price of THETA is $0.81, while its market capitalization is $800M.
Key Features of Theta
THETA’s key underlying features driving up its adoption are:
- Decentralized Video Delivery. Theta Labs is leveraging blockchain technology to redefine streaming and distribution of video content. With this network, decentralization makes the cost of video content delivery affordable. This unique feature positions Theta as a transformative force in the media and entertainment sector, setting it apart from other networks.
- Theta Fuel (TFUEL). TFUEL token is the native token of the Theta network, which powers the ecosystem by facilitating payments for video streams and gas fees for DApps and supporting smart contracts.
- Guardian/Edge/Validator Nodes. Guardian and Validator nodes play unique roles on the Theta Blockchain. The latter proposes and creates new blocks, whereas the former seals the blocks while checking for malicious Validator nodes.
- Smart Contracts. Theta Network is compatible with the Ethereum blockchain and launched smart contracts on its platform. Adding smart contracts to Theta allows video platforms integrating this network to access more tools to develop and implement their business models.
THETA Price Forecast
The price of THETA will reach $0.81 in 2025, which makes it a good investment opportunity. The current token value indicates positive growth potential because decentralized streaming solutions are becoming more popular. The price of THETA will stay between $2 and $2.5 in the medium term, according to analysts who predict future growth because of increasing global Theta ecosystem adoption.
3. Polkadot (DOT)
Polkadot is a blockchain ecosystem specializing in scalability and interoperability by connecting blockchains to facilitate cheaper and faster transactions.
Polkadot is a relay chain for consensus and cross-chain communication with layer-one blockchains on top of it. This architecture enables easy transfer of crypto assets between blockchains, thus providing a faultless user experience.
The current price of DOT is about $3.95, with a market cap of roughly $5.5B.
Polkadot Features
The main features of the Polkadot blockchain include:
- Multi-Chain Architecture consists of parachains and relay chains that facilitate cross-chain registries and building Web3 apps on the network mainnet.
- Bridges ensure that parachains and parathreads can interact with external blockchains.
- Nominated Proof-of-Stake (NPoS) is a unique mechanism that enables greater decentralization within the network. This protocol also ensures fair representation by equally distributing stakes so that token holders can participate in staking and even out interests.
DOT Price Forecast
Polkadot (DOT) currently operates at $3.95, which makes it an underpriced Layer-1 project. The market analysts predict DOT will reach $6–$8 in 2025 when market conditions improve. The long-term value of Polkadot will increase because of its interoperability features and multi-chain development capabilities as more users adopt the platform.
The Potential of Overlooked Cryptos
There's a lot of hype in the crypto market, especially for Bitcoin, Ethereum, and any other top-rated cryptocurrency assets. However, decent profits could be gained by investing in some currently undervalued projects such as Filecoin, Theta, and Polkadot.
These projects seem to be tapping into a neglected or underserved niche. Their key features have the potential to drive up massive adoption and could see their prices skyrocket just like Bitcoin did under a decade ago. By investing in them now, you may secure large profits in the long run.
While this is merely a recommendation based on our analysis, we always encourage investors to make their own analysis and due diligence before investing responsibly in any project. Another tip is to choose a reliable platform for purchasing, trading, and storing your assets—we advise looking into decentralized and centralized exchanges and making your choice.
Editorial staff
