HUMP DAY POLL: MOST UNDERVALUED CRYPTO (4.26.2017)
Get Rich 
Or Die Trading
With all the cryptocurrencies, altcoins, and tokens exploding in value lately, it's getting harder to find a great bargain out there. Since most crypto investing is speculative at this point, perception of value is key to determining which alts to buy for both the long and short term. In order to help people find the most undervalued coins out there, we're going to keep a weekly poll running.
The rules are simple:
- Leave up to three suggestions in a single comment below.
- Be sure to briefly explain why you believe the crypto is undervalued.
- No dead coins. If there is no community activity or development within the last 9 months, it's considered dead.
Anyone who follows the rules will receive a shout-out and a 100% up-vote and maybe a follow. 0.0
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Gridcoin is a cryptocurrency which securely rewards volunteer distributed computation (such as attempting to cure diseases, Protein Folding, mapping the milkyway, searching for extraterrestrial life, detecting/analyzing asteroids, etc) performed through BOINC projects on top of proof of stake.
Unlike Golem/iEX/SONM you can distribute literally any kind of distributed computation and the Gridcoin network will pay your volunteers on your behalf where as you have you pay up front on Golem/iEX/SONM. Think about the fact that anyone can create a cloud service where computing power materializes from volunteer participation and your volunteers/workers have their electricity bills offset by a third party. Why bother paying for computation when you can effectively get it for free?
Got a good idea which requires 100k+ CPUs? Post it to the project brainstorming thread! Feel free to run with any of the discussed ideas!
The Gridcoin network rewards 2k active users, has 9k members, 110k+ hosts, yet represents approx 0.5% of the active BOINC userbase. Once we remove the team requirement we face potentially scaling from 2k active to up to 500k active & 4 million registered users. For a proof of stake crypto (which requires a positive balance to earn BOINC earnings) this makes Gridcoin look worthwhile holding for the long term (not financial advice).
Visit the #Gridcoin SubSteemit!
Thanks for following the rules! I am glad someone finally brought up GridCoin, it's a project that has fascinated me for a while. The geek in me loves this blockchain, but the investor in me wonders why it stays undervalued. Do you believe the more recent distributed computation chains simply benefit from the knowledge of the ICOs that came before them and are simply playing a better "marketing game," or could there be a design difference that keeps GridCoins' price from rising as quickly? Also, I didn't realize about the team requirements, will have to circle back and take another look. Thanks for the well thought out comment and links!
What Golem/iEX/SONM do better than Gridcoin is focusing on establishing a direct 'crypto:computation' market. Anybody can potentially come forwards with token and direct computation power to a compatible task they desire completed where as with Gridcoin rewards are distributed to the volunteers of a BOINC project without the project administrators having to pay.
A 'GRC:Computation' market could potentially be built into a Gridcoin pool (open-source kit WIP), or perhaps directly into the Gridcoin reward mechanism through a proof-of-burn system (directing more rewards to project A over project B proportional to GRC burnt against project burn addresses) or directly within a commercial BOINC project.
It's a reality that GRC has distributed its tokens against verified BOINC computation without a premine/instantmine nor ICO, where as iEX/SONM/Golem all performed ICOs upon the ETH platform. By raising millions through an ICO you have that large initial marketcap & you have a lot of money to hire marketing experts; raising a large amount of money through an ICO isn't a sign of a successful project though (note that none have any deliverable in production yet? It's all speculative).
There's no proven compute capacity behind iEX/SONM/Golem as all asset holders are investors, where as GRC was distributed to individuals with proven computing power.
Thank you for this insight! I suspected there must be something to it and all of this certainly seems like a plausible explanantion. It also makes the coin more attractive as an investment opportunity now that I understand better how it's system works. Seems like this could be a solid long-term play since the tech is up and running. Just wait for the competition to make the sector famous. Thanks again for the information!
You're welcome, if you have any other questions don't hesitate to ask.
I think My best Bet would be on PIVX, I have purchased it on bittrex worth 0.02btc about 1 month ago and now it's value is about 0.84 btc it gave me the maximum profit without doing much, For Long run, I believe Dash, litecoin and ether would be best option as they are undervalued and given me some profits.
AMP, STEEM, and GOLOS. They are all social media themed cryptos and I think that space is guaranteed to keep blowing up. Steem is undervalued because we've already seen how it can perform and it's just getting more popular. AMP because they're still rolling out the platform but when it hits everyone, it's going to be big. And GOLOS is the Steemit of Russia, so it's only a matter of time before it starts tracing STEEM's steps. Cheers!
Thanks, @michaelmerritt, for following the rules! Agree that STEEM, AMP and GOLOS are heading up in the long run.
I think XRP. I have been following for a couple of years. But I didn't buy until today. I missed the 500% move that recently happened due to my laziness because I was just about to buy right before it went up.
I'm in it now. You can hate it all you want, talk about it's flaws, but regardless It's going to go up it's has way too big of marketcap and powerful people behind it for it not to. Most people want to see it fail. But the fact is it's good speculative opportunity.
Thanks for following the rules! It's best to separate emotion from trading. Many people did not like the launch of this coin for many reasons. That being said, only a fool would ignore your points. This coin will continue to rise no matter how bad anyone wants it to fail. Thanks for your input!
NAV Coin. Improvements are consistently being made . It has risen steadly over the past year. As of yesterday, NAV had over 1 million volumn. They are worth about .25 cents USD and rising rapidly. I just posted a story about the coin yesterday. https://steemit.com/cryptocurrency/@thedeplorable1/update-nav-coin-segwit-signaling-start-may-1-2017-price-and-volume-still-rising
Nice job! Best wishes!
Thanks for following the rules! NAV coin has certainly been active lately, looks like it could be a contender. I look forward to reading your article, thanks for commenting!
My pleasure. Thanks again!
Thank's
Pinkcoin - new!
Etc, Eth- Promising
doge,liht,btc claim in faucet...
sorry :)
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