3 Lesser-Known Cryptocurrencies That Could Be Hidden Gems
While major cryptocurrencies like Bitcoin and Ether and popular meme coins like Dogecoin, and Shiba Inu tend to draw most of the headlines and the lion's share of trader attention, there are now more than 18,000 cryptocurrencies. Some deserve their obscurity, but others could be golden investing opportunities. Here are three cryptocurrencies you've probably never heard of that could be hidden gems.
With the largest market cap on this list at roughly $3.6 billion, Filecoin (CRYPTO: FIL) is not your traditional cryptocurrency. It runs on a peer-to-peer network that streamlines data storage. Users on the network provide the extra storage space on their own devices to securely store other people's data, and are compensated for doing so in Filecoins. The network offers better prices for this distributed cloud storage than regular data-storage companies. With different kinds of providers offering different storage options, customers of the network can pick which combination of redundancy, access speed, and cost best meets their needs.
Obviously, a lot will need to happen for these networks to really become sustainable, but I see networks that apply blockchain technology outside the payments realm to be one area of the blockchain universe that presents lots of differentiation and potential.
Source Fool.com
