Cryptocurrency markets are currently trading in a sideways manner. Bitcoin is currently trading at around $9,000 which is below the $10,000 psychological mark. For alternate currencies, also known as altcoins, the price drop has been much more severe. A sharp rise or fall in the price of bitcoin, leads to huge price losses for alt coins.
Some of these coins are currently trading below close to the Initial Coin Offer (ICO) price, making them quite attractive. ICO stands for Initial Coin Offering. It is a means whereby companies raise capital either for a new coin or a project. To participate, individuals pay a certain amount of money either as bitcoin or ethereum. ICOs have witnessed a huge surge last year due to the huge returns made after listing.
Enigma
Enigma was founded by a team trained at the Massachusetts Institute of Technology (MIT). Enigma’s focus is scalable privacy for every blockchain. Plainly put, enigma protects the privacy of data on blockchains and enables fast processing of transactions. Applications such as data marketplaces and Artificial Intelligence (AI) platforms can be built on the blockchain.
The coin is currently trading at $0.05, the price at which its ICO was conducted in October last year. Enigma has a circulating supply of 74 million coins and a total supply of 150 million coins. Enigma currently trades on several exchanges including Huobi and Binance.The coin’s low volume means that the probability of doubling or tripling in price in a bull market is quite high.
Matrix AI Network (MAN)
Matrix is an open-source blockchain platform that supports smart contracts and machine learning services. MAN is currently trading at about 1x its ICO price of $0.36. The coin’s poor performance is largely due to the bearish market and its trading on decentralized exchanges. 92% of MAN’s trading volumeis on IDEX which is particularly difficult to use. MAN has a total supply of 250 million coins.
Medical Chain
Medical chain is concerned with the storage of electronic health records on a blockchain. Medical Chain had its token sale in February at a price of $0.137. The coin is currently trading at $0.151. Medical Chain is currently trading on popular exchanges such as Huobi and Kucoin. A circulating supply of 185 million coins and a current market capitalization of $27 million, means the coin could easily double or triple.
Sophia TX
Sophia TX had its token sale at $0.478 in December last year, but is currently trading at $0.361. SophiaTX is tailored for extending traditional applications like ERP, CRM and many others with robust collaborative and decentralized blockchain capabilities. It is Open Source and contains integration APIs to SAP and other enterprise applications.
Sophia has traded at a low price largely due to its listing on small as well as decentralized exchanges. SophiaTX currently trades on IDEX and Cobinhood.