06/28/2019 | Press release | Distributed by Public on 06/28/2019 08:59
Weiss Crypto 6/28/2019 9:37:36 AM
By Dr. Bruce Ng
As Bitcoin makes new rally highs, it has confirmed and reconfirmed the crypto bull market of 2019.
So, since I continually review the technology of new coins covered by Weiss Crypto Ratings, I figured this would be a good time for me to jump in and identify a few that I feel are deeply undervalued.
Today, I'll cover two of them:
Undervalued Crypto #1: Lition (LIT)
This coin is described as 'a scalable public-private blockchain with deletable data features, made for commercial products.'
Does 'private blockchain' fly in the face of decentralization? And does 'deletable data' contradict the immutability of blockchains?
Not entirely. To work with businesses, some data needs to be public; some needs to be private. And that's why Lition has both.
Lition will be a sidechain to Ethereum. So the public portions of Lition will be recorded on the Ethereum network and will be fully transparent to anyone who wants to conduct an audit.
But, at the same time, Lition needs private sidechains anchored to Lition itself. This way, a business using Lition can store and edit information that it needs to keep confidential - data used for regulatory compliance, for example.
Prior to developing the Lition blockchain, the team already had a revenue-generating business known as Lition Energy. And soon, the team plans to develop Lition for use cases like peer-to-peer energy trading and bank lending. It can also be used as a platform for Security Token Offerings (STOs), which are expected to be more like securities than ordinary tokens.
Recently, the Lition team has modified the token lockup period. And this should reduce the active supply significantly in the coming months. In fact, already, Lition in circulation is expected to be reduced to 30 million in July, compared to about 70 million recently.
Plus, here are some other positives I think could be critical:
Lition is currently trading at 14 cents, which is quite near the Initial Coin Offering price of 10 cents. And I think that's dirt-cheap.
It's available on the Bibox and IDEX exchanges. But it has not yet gotten exposure on any major exchanges. This is the primary pitfall investors should watch out for: poor trading liquidity.
As a result, true price discovery can only happen once liquidity increases with a listing on major exchanges like Binance Chain or Binance.
Undervalued Crypto #2: Fantom (FTM)
Fantom is cryptocurrency that does not use blockchain. Instead it uses an innovative approach called directed acyclic graph (DAG).
I won't dwell on the technical details. But suffice it to say that, unlike blockchains, it's infinitely scalable with the capacity to do virtually anything that's done today on the internet. For example …
Other DAG-based cryptocurrencies have similar aspirations. But Fantom can run smart contracts. Nano cannot and IOTA is just developing a smart contract platform.
Fantom does have one serious DAG competitor - Hedera. But Hedera is permissioned, whereas Fantom is not.
Some other pluses:
All very positive! Just bear in mind that Fantom also has two challenges:
Stay tuned! As the new crypto bull market heats up, coins like these could appreciate rapidly. And I'll review more at the next opportunity.
Dr. Bruce Ng is a respected educator in the field of Distributed Ledger Technology (DLT) and has been a lead crypto-tech analyst for Weiss Cryptocurrency Ratings since shortly after their launch. He combines the strict discipline of a Ph.D. in physics, robust experience as a software developer, and deep knowledge of blockchain. The result is uniquely scientific and 100% objective reviews of individual coins and the space as a whole.
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