The market is down right now and it's been for a couple of years now. So there are a lot of promising coins undervalued.
NEO, Stellar and NEM are the coins most undervalued among the top coins. They are having many achievements in the time being but there price has failed to reflect the development. EOS had a spectacular rise earlier but it is also not being able to repeat its growth in price compared to the growth of its use.
Exactly. There are so many good coins out there, that don't deserve today's low prices on the market. The ones you've mentioned are always active in development and innovation. They've been battle-tested over time, too. While they're among the top coins in market cap, their prices are much lower than they were back in 2017. Perhaps, many good cryptocurrencies are undervalued nowadays because of Bitcoin's fall by the beginning of 2018. The extensive bear market has caused a massive decline in price across nearly every cryptocurrency on the market. To be able to see good results, we might have to wait a pretty long time.
While the next bull market is yet to come, we could take advantage of the situation and buy as much undervalued coins as we can. Of course, it's essential to perform a research about the project you'll be investing into before making a financial decision. The 3 aforementioned coins (NEO, Stellar, and NEM) are one of the leading coins on the market. I see that Stellar has huge potential of becoming something big in the future, mostly because IBM is backing it. It could either reach $1 in the future, or remain as is. Any cryptocurrency can experience wild fluctuations in price over time, because of their highly-volatile nature. Hence, it's best to analyze the market to perform an investment decision at the right time.
What are the coins that you think are undervalued anyway?
I think that DigiByte, Zcash, Litecoin, Komodo, and NEO are largely undervalued these days. This is because such coins are highly active in development, with a battle-tested blockchain over the years. Not only that, but some are also limited in supply (like Zcash's 21 million total supply and Litecoin's 84 million total supply). DigiByte has blazing fast speeds and cheap transactions with a multi-algorithm consensus mechanism for maximum security against 51% attacks. On the other hand, Komodo has Zcash's tried-and-tested ZK-SNARKS technology, a multi-currency wallet, a DPoW consensus which provides the security of the Bitcoin blockchain, atomic swaps (with Atomic DEX), and many other exciting features. And last but not least, there's NEO which is a smart contract platform like Ethereum but even better with greater scalability and a great compatibility with various programming languages like JavaScript, and Python.
If people realized the true benefits of the previously mentioned cryptocurrencies in relation to Bitcoin, demand would've increased resulting in higher prices across the crypto market. Since altcoins depend on Bitcoin to succeed, they've been on a constant decline in price because Bitcoin has been in the same route. Until Bitcoin achieves higher prices than $20k, we might not be able to see said cryptocurrencies grow in price across the crypto market. Just my opinion