Best Cryptocurrency Exchange

4 Under-the-Radar Cryptos to Watch

4 Under-the-Radar Cryptos to Watch
Written by publisher team

Image source: Getty Images

Are you ready to take your cryptocurrency wallet beyond Ethereum and Bitcoin? These four cryptocurrencies deserve a closer look.

Many cryptocurrency investors are looking for under-the-radar cryptocurrencies in the hopes of making high returns by getting in early. However, with over 12,000 coins to choose from, this can be a risky strategy – especially since many small coins are scams or poorly planned projects with a high chance of failure.

However, there are a number of exciting lesser known cryptocurrencies that are worth having on your radar. We’ve stuck to coins that are outside the top 50 by market cap but still within the top 300. We’ve missed coins that are available on top US cryptocurrency apps and exchanges, but as you’ll discover as you venture into the world of lesser-known cryptocurrencies, It is not always easy to buy.

Here are four under-the-radar cryptocurrency projects to add to your watchlist.

1. Livepeer (LPT)

Livepeer is an interesting cryptocurrency with an experienced team behind it. It is a decentralized video streaming network built on the Ethereum (ETH) blockchain.

According to Livepeer, streaming video uses 80% of all internet bandwidth. In addition, the process of video formatting for different devices – called conversion – is very expensive. Livepeer wants to change this. It uses a decentralized network of so-called “coordinators” to convert video content quickly and inexpensively.

I’ve been watching Livepeer ever since TikTok announced a partnership with Audius (AUDIO), a decentralized music streaming provider. This demonstrates the huge potential of these types of blockchain projects. Additionally, the fact that Livepeer is Grayscale Investments’ trust hub is a good indication that it’s a serious venture. (Grayscale is a major manager of crypto assets.)

2. Helium (HNT)

Helium is another under the radar cryptocurrency with a lot of potential. It is a peer-to-peer network designed to provide connectivity to the Internet of Things (IoT). The Internet of Things is the way that everyday items such as watches or household appliances are connected to the Internet.

The idea behind Helium is its ability to circumvent traditional wifi infrastructure, which is expensive and can be difficult to build. Alternatively, businesses and families can install helium routers and gain HNT to provide connectivity. Helium uses long-range routers up to 200 times farther than local wifi routers. These routers together form a decentralized wifi network.

Helium now has more than 200,000 hotspots in 130 countries, and this number is growing all the time – although there is a waiting period for those who want to buy long-range routers.

3. Ergo (ERG)

Smart contract cryptocurrencies have been making waves in recent months. Smart contracts are small pieces of code that live on the blockchain and allow developers to create applications on its network. Ethereum is the first and most popular smart contract platform, but it has been a victim of its own success and suffers from network congestion and high fees.

I am intrigued by Ergo, the project that presents smarter Smart contracts, as they do not charge any gas fees. As such, it is easy for developers to predict the costs of developing an app or product. In addition, Cardano (ADA) founder and crypto legend Charles Hoskinson named it one of his favorite crypto projects.

On the downside, Ergo may have focused too much on its technical development and not enough focused on attracting developers. In addition, it is not available on a lot of cryptocurrency exchanges. But it’s one worth watching as it puts more energy into the promotion.

4. Chili’s (CHZ)

Chiliz has been around since 2018, just outside of the top 50 cryptocurrencies by market cap. If you haven’t heard of it, it’s a good idea to do more research – especially if you’re a sports fan.

Chiliz issues fan tokens that fuel fan interaction. She already has deals with big football teams like AC Milan, Juventus and FC Barcelona. An example of how the project promotes participation? Barcelona fans got to vote on a mural design for the team’s dressing room, and two lucky winners won tickets to go behind the scenes.

CHZ price made a big jump in March to an all-time high of $0.89. The coin has been hovering around $0.02-$0.03 in recent months, and with the sport fully restarted with the lifting of pandemic restrictions, this coin could have a lot of potential.

Do your own research before jumping in

Under the radar cryptocurrencies carry even higher risks than common ones. This is a relatively new and unregulated industry, and a large percentage of all cryptocurrency projects we see today could fail – just as we saw with the internet boom of the late 1990s.

If you want to invest in less popular currencies, invest only money that you can afford to lose and make sure you are comfortable with the risk. The information above is designed to give you an idea of ​​each project, but you need to do your own research as well – look at the management teams, white papers, and the problem each coding wants to solve.

Balance is key too. Ensure that your emergency fund is increased and that cryptocurrency is only a small percentage of your total investment. And within your cryptocurrency portfolio, don’t forget the bigger currencies like Bitcoin (BTC) and Ethereum. It should still represent a fixed percentage of your cryptocurrency investment.

Buy and sell cryptocurrencies on an exchange chosen by experts

There are hundreds of platforms around the world waiting to give you access to thousands of cryptocurrencies. In order to find the right feature for you, you will need to decide which features are most important to you.

To help you get started, our independent experts have tested the options to bring you some of our best crypto exchanges for 2021. Check out the list here and start your crypto journey, today.

About the author

publisher team