Uncommon, little-known cryptocurrencies might bring more profit than popular ones, due to their greater growth potential. Finding a promising currency and a way to exchange it is a bit tricky, but possible. What are the benefits of investing in uncommon cryptocurrencies? Where can you buy it? What new coins are out there? Let's find out in this article!
What is an uncommon cryptocurrency?
Uncommon crypto is often highly undervalued. These coins were created with serious intentions, but due to certain circumstances have not yet “taken off” or attracted attention of major players.
There can be many reasons for this, for example:
- They appeared at a bad time for the crypto market (say, at the beginning of a strong recession, when investors massively left the market).
- Weak advertising campaign, so currencies remained unknown to most crypto users.
- The creators made a mistake during the ICO (set the soft cap too low, for example).
- Coins have appeared recently, bypassing popular investor information channels and much more.
Undervalued currencies are called that way because they are not yet properly valued by the market. The growth potential of little-known cryptocurrencies is huge – this potential profit attracts investors to buy uncommon crypto. Of course, before buying, don't forget to conclude a research in order to make sure that the chosen coin truly has a potential. Afterwards you’ll have to find a place where you can buy, sell or swap it.
Where can you buy or swap uncommon crypto?
SimpleSwap is a secure cryptocurrency exchange with a solid client base. It supports more than 900 crypto assets and allows its users to quickly and conveniently convert cryptocurrency at fixed and floating rates without registration.
The main goal of SimpleSwap is to give people the opportunity to conduct secure, profitable and convenient transactions without signing up process. Also, we want to introduce cryptocurrency culture to the masses and explain new trends and ideas related to crypto. For example, with the help of its official blog the company continues to actively promote the idea of a decentralized economy and attract more followers to it. Or, in case you have any questions related to crypto swapping, you can always contact our customer support via live chat on the website.
As it was already mentioned before, SimpleSwap offers a great choice of more than 900 cryptocurrencies including uncommon ones. So in case you want to swap your Bitcoin or fiat for some new, unpopular coin with big potential – you’ll probably be able to get it done on SimpleSwap.
List of uncommon cryptocurrencies of 2022-2023 on SimpleSwap
Let’s take a look at some uncommon cryptocurrencies that you can easily find on SimpleSwap. All these projects are new, they just started to gain popularity.
- The Open Network (TON)
TON is a fully decentralized first-level blockchain. It was created by the Telegram team, so this cryptocurrency can be used for mutual settlements between app users and for passive income. Optimizing tokenomics, cross-chain transactions, and developing a deflationary mechanism are just some of the ambitious plans of TON creators. This year they are going to take their project to a different level, making blockchain part of the global crypto ecosystem.
- Aptos (APT)
Aptos was developed by former Meta employees. Aptos is the first strong representative of a new generation of L1 blockchains. The Aptos ecosystem is just beginning to take shape. Project raised over $300M of funds – this will be enough to finish the development.
- Theta (THETA)
Theta network is a decentralized video sharing platform. It supports smart contracts and NFTs. THETA is a network’s government token. It provides security and decentralization of the project. Theta team attracted major partners such as Samsung, Sony, and YouTube in order to promote their coin.
- Stepn (GMT)
Stepn was the driver of the M2E trend, a "king" of M2E – it made us explore the real world around us and breathe fresh air. Now GMT is far from its ATH, but as long as the Stepn app is alive, there is hope for a better future: Stepn is expanding its ecosystem through third party products such as its native marketplace. Moreover, the project team is trying to fix tokenomics bugs and add new mechanics/products to store.
- WhiteBit Token (WBT)
WBT is the native token of the WhiteBit crypto exchange. The platform grew in 2022 in terms of functionality and the number of active users, so the launch of a native token was a logical step to strengthen the ecosystem. WBT has already allowed IDO participants to earn money, but perhaps its best days are yet to come. WBT has a deflationary mechanism, as the site buys and burns part of the total supply every week in order to reduce it by 50%.
How to evaluate an uncommon cryptocurrencies?
There are a number of criteria that are used to understand if some uncommon crypto is worth your attention:
- Idea behind the coin
Why was the cryptocurrency created? For example, the developers wanted to create a currency that is protected from a 51% attack, more secure in terms of deanonymization, and so on. The goals may not be global: perhaps the currency is a hard fork in which it was planned to improve an insignificant trifle compared to the progenitor. Perhaps it was created to be used as an internal means of payment in some project. There must be a goal other than the intention to "make money" - then it is worth investing in it.
- The implementation of the idea
Some of the developers' ideas may be well implemented technically, but are of no interest to most crypto users. For example, a cryptocurrency can be created for a project that is launched, but is clearly doomed to fail. Other ideas may be interesting and promising, but technically poorly implemented, which make it impossible to use coins.
- Stability of market indicators
It is risky to invest in overly volatile little-known cryptocurrencies; into assets where trading volumes and other market indicators change rapidly and for no apparent reason. The price of the coin might be manipulated, so it is not worth your investment.
- Team of developers
The seriousness of the developers' intentions is determined by the professionalism of each team member. Experienced creators increase the level of investors confidence in cryptocurrency growth. A good team will take care about creating a roadmap and a whitepaper for its project.
- Social activity of developers
Cryptocurrency creators must interact with investors on different resources. Most likely, developers will choose trusted resources like GitHub or Reddit for that.
Conclusion
As you can see, there’re a lot of uncommon coins that you might use in your portfolio. And SimpleSwap is always ready to help you in swapping, buying and selling crypto. The list of supported cryptocurrencies is constantly growing. In case of any issue or question this service offers help of tech support, that is online 24/7. And for those who are interested in getting cashback for every completed transaction, we have a Loyalty Program option.
Do you have an uncommon coin in your wallet? Have you already used SimpleSwap exchange? Let us know in the comments!
