Deep Brain Chain
Deep Brain Chain (DBC) is the largest market cap coin on this list. It also happens to be one of the easier coins to get your hands on. Out of all the undervalued cryptocurrencies listed here, this one is the most likely to be big if you’re reading this article a few months from being published. DBC is a smart contract token based on NEO that’s already listed on KuCoin and soon to be listed on Houbi, a popular Korean exchange. It solves a huge problem in the artificial intelligence space, the training of new computers, and that’s what makes DBC valuable.
What DBC does is create a blockchain based neural network training platform that connects computers across the world. It’s essentially a distributed AI creation network that may or may not user in the next Skynet.
Market Cap: $350 Million USD
Now I’ll be honest, it isn’t exactly a 100x coin with its market cap. However, the fact that they are the only AI cryptocurrency amounts to something. DBC is extremely undervalued at the moment. It’s also, in my opinion, the least risky investment on this list. When looking for smart investment options, check this article about the trade gold UK market.
Why you should buy DBC
- Invested in by NEO
- First mover in the artificial intelligence space in cryptocurrencies.
- Team of top scientists and a whitepaper that actually makes sense.
- Constantly shilled on reddit and /biz/
Where to buy DBC: Kucoin
SONM
SONM (SNM) is a decentralised Amazon Web Services. The name stands for Supercomputer Organized by Network Mining. With a partnership with HP in the bag and already being listed on major exchanges, SONM has the capability to be the cryptocurrency that eats into AWS’s market. What they call “fog computing” in their whitepaper is essentially decentralised cloud computing. This means anyone can host websites, develop applications, produce machine learning and perform calculations using SONM architecture. Their whitepaper makes so much sense that DADI, a hyped up pre-ICO, was found to have copied it word for word.
Market Cap: $200 Million USD
SONM isn’t a new product relative to crypto timeframes – it’s been on exchanges for a few months, but has grown slowly and steadily since November. Getting the technology working in 2018 will have an actual use case for these tokens, and that’s when the real value for token holders will come in.
Why you should buy SNM
- Working product with a testnet
- Listed on bigger exchanges, giving it more trade volume and liquidity.
- It’s a long term HODL, without any major pump and dumps.
Where to buy SNM: Binance or Kucoin
Oyster Pearl
Oyster Pearl (PRL) is the altcoin I’ve been dreaming about for a while. It solves exactly the sort of problem you would expect the new generation of cryptocurrencies to solve: ads. Now if you’re using this website without adblock, you’ll notice advertisements within the content and in the sidebar. Someone has to pay the bills. PRL eradicates that clutter and intrusiveness of display advertising while ensuring content creators like us don’t get punished for it. PRL uses the IOTA Tangle to store users’ files, and uses a website visitor’s GPU and CPU processing power to ensure those files are maintained on the distributed ledger. It also uses the Ethereum blockchain with its PRL ERC20 tokens to pay out content providers who have integrated this technology on their website.
Yes, I too have a lot of questions about the implementation of this tech over a wide variety of websites. But internet ad revenue grows every year, and if PRL can capture a small market of that, it has the potential to be huge.
Market Cap: $115 Million USD
With this market cap and without any major announcements, PRL still has the potential to explode, especially when it’s listed on larger exchanges.
Why you should buy PRL
- Solves a mass consumer problem with two existing technologies, IOTA and Ethereum.
- High volume compared to market cap, which is a good sign for growth.
Where to buy PRL: Kucoin or Cryptopia
Nebulas
Nebulas (NAS) is so young that we don’t even know its market cap. It’s essentially Google for the blockchain, a distributed search framework. It’s the first blockchain search engine, and it comes equipped with smart contract prediction, which is useful for people who want to… predict smart contracts. NAS is partnered with Tencent, and the testnet is already online. Mainnet is aimed to launch in Q1 2018.
Market Cap: Unknown, est. below $100 Million.
One of the differentiators for Nebulas is their hard cap during their ICO, which was set to only $3.5 million USD. Most ICOs go up to tens of millions, knowing they can make that money with the hype that cryptocurrencies generate. This along with the fact that their supply is limited to 100 million tokens and not something insane like 400 quadrillion, gives us faith in the team for being realists and meeting deadlines.
Why you should buy NAS
- To the train hasn’t left yet in terms of valuation, so it’s definitely underbought.
- Active dev team with constant updates on the Github repo.
Where to buy NAS: Gate.io or Etherdelta
MyWish
We all know what smart contracts are, but how does regular Joe from Alabama do a smart contract? The client side interface and ease of use of a smart contract is very important, and this is what MyWish (WISH) is trying to accomplish. They’ve already developed applications for weddings, wills, and insurance. Real estate is on the roadmap. But the main problem that they’re the first mover in, is who inherits your cryptocurrencies in the unfortunate event of your death? In cryptocurrency terms, this is the “lost key problem.” The WISH team is developing smart contract solutions for all these problems.
Market Cap: $20 Million USD
Projects like these are real gems, because the WISH token definitely has the potential to 100x. Being an ERC20 coin based on Ethereum, it’s accessible and easy to trade. The exchanges it’s on aren’t major ones, alluding to potential for growth.
Why you should buy WISH
- Working product with a wedding contract, lost key contract, will contract and deferred payment.
- Roadmap suggests major innovations such as BTC contracts in the short term.
- It’s a long term HODL, without any major pump and dumps.
Where to buy WISH: Cryptopia
Mercury Protocol
I’m sure you’ve thought someone would create a messaging app using blockchain. And someone has! The Mercury Protocol (GMT) is currently deployed in a messaging app called Dust. The project has Mark Cuban as one of their advisors. In a cryptocurrency market predicated on hype, that gives GMT an edge over its competitors. Messaging using Mercury Protocol is supposed to be more secure and more private. It also allows for cross-platform integration of both services are using the protocol – if WhatsApp ever decides to use it, for example, you’d be able to use WhatsApp to send a message to someone on their Telegram.
Market Cap: $20 Million USD
As an ERC20 token, GMT is highly undervalued. It is also not on any major exchanges, and the only place you can buy it right now is EtherDelta, which is very slow and difficult.
Why you should buy GMT
- First blockchain based messaging token (GMT stands for Global Messaging Token)
- Mark Cuban being associated with this project generates hype, which is very important for the price of cryptocurrencies.
Where to buy GMT: Etherdelta
Conclusion
The 6 most undervalued cryptocurrencies that have the potential to 100x (maybe) in 2018:
- Mercury Protocol
- MyWish
- Nebulas
- Oyster Pearl
- SONM
- Deep Brain Chain
Do note that the lower a project’s market cap, the more risky it likely is. Buying Deep Brain Chain or SONM, which don’t have as much chance of multiplying your cryptocurrency portfolio to 100x gains, will always be a safer bet than buying a coin like MyWish, which has yet to grow. Although none of these coins have been evaluated at a mass scale, and most of their products are in the development pipeline, all 6 projects are quite promising.
If you’d like to read about the most promising cryptocurrencies for 2018, then check out this list.
(Note: some of our Where To Buy links contain referral links to exchanges)