The crypto market has started the week bearish after bitcoin (BTC) failed to hold above $5600 in early Monday trading. However, it presents yet another opportunity for long-term investors to accumulate on good cryptos. That’s because, in spite of the continued market weakness, positive developments are increasing in this space. Blockchain adoption is higher than ever before, and the regulatory framework is getting better all across the world. This means projects with strong fundamentals have high chances of growth going into 2019. Some cryptos that are highly undervalued and present good prospects for growth in the long-run are Cardano (ADA) and Digibyte (DGB).
Savvy investors know that price is never a good determinant of value. An asset can be priced highly, and not have much value, and vice versa. Using this analogy, Cardano (ADA) is probably one of the most undervalued cryptos in this market. Its current price doesn’t in anyway match its value. All fundamentals about Cardano are right. One of the biggest value drivers for Cardano (ADA) is the team.
The IOHK team is not only technically capable, but it also has a vision that will turn these technical capabilities into value. As for the tech, Cardano has got it right on the three most important fundamentals in crypto, and that’s decentralization, scalability and security. These place Cardano in a good position for adoption at the enterprise level, where scalability is necessary for any technology to work effectively. As Emurgo begins to populate Cardano with Dapps, it could emerge as one of the most valuable blockchains ever created.
Digibyte (DGB) is another hidden gem that is highly undervalued under current market conditions. Digibyte’s core strength lies in its decentralization, security and on-chain scalability. These are attributes that make it perfect for use as a currency, and as a cybersecurity tool as well.
Digibyte is more like the more efficient version of Bitcoin (BTC). Its capabilities are quite clear in the cybersecurity market whereby Digi-ID has gained adoption by different companies such as Antum and V-ID. It’s also interesting to note that other cryptocurrencies use Digibyte for security. Digi-shield is used by a number of cryptocurrencies as a protective tool. This is a huge utility value for Digibyte (DGB), one that could see its value rise in the long-run. As the marketing efforts of the Digibyte (DGB) awareness team begin to bear fruit, the number of organizations and retailers using Digibyte (DGB) for everyday payments will continue to rise as well.
Digibyte (DGB) is also a largely apolitical crypto with no leanings towards any country. This means that it would be easy for different countries to look into Digibyte (DGB) as a currency, s opposed to cryptos are leaning so much towards specific countries. Of course, its uncensorable nature is value in itself. That’s because anyone holding Digibyte (DGB) can be sure that no one can take their coins away from them. Digibyte (DGB) is freedom,and as society starts appreciating the value of personal freedom, its value in the market could rise substantially.