Since the bull market of 2017, we’ve witnessed a very harsh and complicated bear market, many projects that were supposed to be future leaders of the industry have disappeared, due to the incompetence of their teams, or simply to a lack of honesty. As a result, many investors ended up losing the money they invested. In this article, I will share with you some metrics used by experienced investors to identify low market cap coins that could potentially make you huge profits. I will also use these metrics to show you why Fusion coin is currently one of the most undervalued coins in the crypto space.
What Investors Are Doing Wrong When Picking Undervalued Coins
Have you ever invested in cryptocurrencies you thought were low market cap coins, and then waited for years for the price to take off, but it never happened? Well, don’t worry, it’s the case of the majority of investors, and even by waiting more, the ending is often not a happy one. Let me tell you why.
Beginners don’t do their own research. They usually follow the advice they get here and there without really reviewing the project they’re about to invest in.
Intermediate investors do their own research to find undervalued coins, they make sure that the project is legit, that it has a hard-working team that is able to achieve project’s goals, to respect the roadmap, and to deliver services and products.
However, these two categories of investors often end up being “rekt”. Of course, sometimes, intermediate investors come across some hidden gems, but in the majority of cases, cryptocurrencies on which they invest will never take off as they planned.
What’s the problem then? How do experienced investors pick undervalued coins that jump from the 2nd or 3rd page of the Coinmarketcap ranking straight to top30 cryptocurrencies by market cap? What is their secret?
The answer is simple, adoption
It’s nice to find a promising project that has great technology, great products and services. But what’s the point if its community is very small, and its products and services are not used by anyone? This kind of projects will never reach the market cap that its investors expect, because their blockchains and products do not have any adoption by the crypto community.
So how do you measure the adoption of a certain project? Why is Fusion one of the most undervalued coins out there? That’s exactly what we’ll find out!
How To Measure the Adoption of Potential Undervalued Coins?
The adoption of a project is an indicator of the true value it is supposed to have. By checking some metrics, you will be able to recognize undervalued coins. When a project like Fusion is ranked in the top 20 cryptocurrencies by adoption, but it is only ranked 160 or 170 by Market Cap, this is obviously an opportunity not to be missed!
So, without further ado, let’s find out what are the aspects to take into consideration to measure the adoption of potentially undervalued coins
- The Volume of Transactions and The Number of Unique Addresses
The volume of transactions and the number of unique addresses are two great indicators of the activity of a certain blockchain and its adoption. These metrics prove that there are many users who use this blockchain, and that the products and services provided by this project are already adopted.
It is also important to check their recent evolution, a stable and constant increase is a proof of a real use case of the product.
While doing research, using the data from coinstats, which lists top cryptocurrencies by adoption. One can browse the list and realize how different it was from the usual market cap ranking. You are able to spot some low market cap coins that have significant adoption. However, there is one particular project that catches attention, Fusion coin.
Obviously, the data may slightly vary when you will read this article, but at the time of writing, while Fusion is ranked 170th by market cap according to coinmarketcap, the adoption ranking is completely different. Fusion is currently 16th by transaction volume according to coinstats, with more than 97k transactions in the last 7 days (13th if we hide blockchains that have been flagged for spamming their networks with transactions).
In this ranking, Fusion is surrounded by industry pioneers such as Litecoin, Dash, Bitcoin Cash and Monero, and it is way above some top 30 cryptocurrencies by market cap such as Cosmos, Chainlink and Cardano. At the time of writing, the lowest market cap within these 7 cryptocurrencies that Fusion equals or exceeds in adoption is that of Cosmos with $ 570m, which is 26 times Fusion’s current market cap. That gives you a clear indication about how undervalued is FSN coin.
What I also liked about coinstats website is the “under the radar” page. It shows the top 3 performers by adoption score, which is obtained by comparing the adoption of a certain cryptocurrency to its market cap. It’s very helpful to easily spot some undervalued coins. According to this score, Fusion is the second most performing cryptocurrency by adoption in the whole market.
You can also check the chart of this adoption score that shows Fusion as a green dot, well above other cryptocurrencies. LTO is the only cryptocurrency that has a similar adoption score, but not for long! I will explain later in this article why Fusion is a better choice and why it is currently one of the most undervalued coins.
Another metric that you can rely on to measure adoption is the number of unique addresses. In the screenshot below taken from Fusion explorer website, you can see the constant rise in the number of unique addresses on the Fusion network over the past 90 days.
This increase in adoption in recent months is due in part to the launch of the safebet lottery, which is a risk-free lottery, if a user doesn’t win, he’ll have his Fusion coins returned back to his wallet. But the main reason for this increase is the launch of wedefi android wallet in mid April. Since then, the number of unique addresses has increased from 109k to 130k unique addresses, and the average volume of transactions per day has increased from around 500-600 to 13k-14k daily transactions. Absolutely insane!
In less than three months, Wedefi reached 21k users and 6.2 million FSN coin are deposited for the lottery prize, it represents 10% of the total supply. The best part is that, it’s just the beginning, many new exciting products are coming Fusion’s way in the next weeks and months, they will definitely help fusion’s adoption, and of course, the increase of FSN coin price!
- Community
After checking the previously mentioned metrics, the next step to measure project’s adoption is to check its community and the relationship between the team and community members. Adoption metrics have shown that Fusion coin is one of the most undervalued coins out there, that’s why, I’ve decided to continue my research with this particular project and check out its community.
Fusion’s telegram group is one of the most active groups I’ve seen in the crypto space. The Community believes in what the team is doing, and seems very positive about the project. What I also noticed, is that a lot of community members are very dedicated, they know the project very well, and are always available to help newcomers.
The same goes for social media, the community is very active and responsive on twitter, which helps spreading the word about Fusion. These two important factors contribute to create a positive and suitable environment to support the growing adoption of the project.
Now, what if after analyzing adoption and community statistics you end up with two or three projects that have good metrics? Why did I pick Fusion instead of any other coin? In our case, the project LTO has a good Tx adoption score too, why didn’t I choose it?
To answer these questions, you need to take into consideration the quality of the project, what the team has been doing since its creation, but also the future of the project, and the upcoming launches and releases.
Why We Should Expect a Better Adoption for Fusion in the Future?
Before talking about the future of Fusion, let me first tell you more about the project and what has been developed so far. This is very important to understand why Fusion coin is an obvious pick for anyone looking for the most undervalued coins.
- What has been done until now?
Fusion is a project that offers cryptographic interoperability that aims to connect siloed heterogenous blockchains with each other, but also to connect blockchains to traditional finance. Fusion was founded by DJ Qian, a very reputable name in the blockchain space, he managed to bring together strong technical and marketing teams, including some of the best cryptographers in the world.
Fusion’s interoperability is based on DCRM (Distributed Control Rights Management). This unique technology could have a major impact in today’s world, connecting different blockchains and systems, it could even be used to connect the different components of a connected smart city. To accelerate the adoption of this technology, Fusion created the DCRM alliance, bringing together DeFi players, Fintech companies, government, and academic institutions.
Also, Fusion offers other unique features such as the Time-Lock function which allows you to carry out any financial transaction involving time, such as bonds and mortgages. Another feature is the Multiple Triggerism Mechanism (MTM), which is considered as the next generation of smart contracts, allowing a smart contract to trigger an event that occurs in another smart contract, therefore, linking a chain of events. This feature is very useful in order to carry out complex financial transactions on the blockchain.
To be honest, if I start talking about the features of Fusion, a single article will never be enough to cover all the components of this project. However, what I am trying to say, is that the main focus of Fusion’s team since day one, has been on building the fundamentals of this project. Now, in addition to the technologies that it offers, Fusion just started to deliver products. As a result, we’ve seen how impressive the adoption is in just a few months after the release of these products. It’s a good indicator that Fusion is one the most undervalued coins, and with the future launches, we’ll see a much higher adoption!
- Upcoming Releases and Events
So what makes me believe that the adoption is just starting to take off? And that we can see much higher adoption statistics, and therefore, a much higher FSN coin price? Well, many reasons, but in the near future, here are the launches that i’m looking forward to:
1- Wedefi iOS mobile version:
First of all, I want to clarify that Wedefi iOS version was supposed to be released in the near future. But surprisingly, it was launched earlier than expected, and it is now available on Apple’s app store.
This is extremely important, because in less than 90 days, the Android version has managed to reach 21k users. Now, with the launch of the iOS version, it is expected that this number of users will double over the coming weeks. Needless to point out the impact this will have on the number of transactions. Fusion will probably become the top performer in Coinstats adoption score.
2- Anyswap exchange
Anyswap is a decentralized cross-chain exchange built on top of Fusion platform. It is somewhat similar to Ethereum’s Uniswap. However, Uniswap is limited to the Ethereum blockchain, and allows users to only swap ERC-20 tokens and Ethereum in a trustless manner. On the other hand, Fusion’s Anyswap goes much further and allows users to swap coins from different blockchains, such as Bitcoin, Fusion, USDT or even Ethereum.
This process is made possible thanks to the interoperability provided by DCRM technology. You will be able to swap countless cryptocurrencies in a secure and trustless manner. Anyswap exchange is expected to be released very soon, it will definitely bring more users and adoption to the ecosystem of Fusion.
3- Marketing Campaigns
Marketing is crucial in the development of any project. You may already have noticed that many crypto communities are complaining from the lack of marketing from the projects they’re invested in. It’s understandable, they invested a lot in a certain cryptocurrency, and even if the team is delivering products, they do not work on marketing them. As a result, there will be no adoption at all, nobody will hear about their products, and their coins will often end up dumping in price.
Fusion’s team is aware of this problem, they know that after building the fundamentals of their project, marketing will be important to help the upcoming products succeed and get more adoption. Therefore, Fusion recently elected a community marketing leader.
As you can see, 2.5 million time-locked FSN coins were allocated for marketing. According to the new community marketing leader, the focus will be on getting more users and adoption through smart and innovative strategies that will focus on content creation, social media marketing, and many other strategies adapted to the crypto space.
Final Thoughts
As we can see, it is not enough for you, as an investor, to put money in projects that look promising thinking they are undervalued coins, it is also extremely important to check their adoption through the number of users of their products, the daily volume of transactions, and also, the number of unique addresses. Then, if you have doubts and hesitations between two or more projects, you will need to check the fundamentals of the project, recent developments, and future products and services to be launched.
Sources
https://twitter.com/FUSIONProtocol
https://fsnfeed.com/2020/06/10/fusion-fsn-community-marketing-leader-candidates/