6 Underrated Blockchain Projects to Keep an Eye On
6 Underrated Blockchain Projects to Keep an Eye On Pixabay

Crypto is entering another bull market, with the total value locked into defi protocols having doubled in a month, Ethereum transactions hitting levels last seen in 2017 and bitcoin emerging from its slumber to post double-digit percentage gains in a single day. DEXs have just turned over $2 billion in volume in a week and crypto speculators everywhere are on the hunt for the next big thing.

Some crypto projects have already benefited from this frenzy, receiving the attention and price discovery they merit. Meanwhile, there are others that have yet to achieve the recognition they deserve and are still flying under the radar. Anyone who has spent time in the blockchain industry will know that not every project is worthy of attention and success, but there are plenty out there that have rock solid fundamentals, with a great concept and team behind them, and yet don’t receive the plaudits they deserve. That doesn’t last forever of course, as word spreads and good projects eventually rise to the top. The following six rank as some of the most underrated projects in crypto right now.

Matic

With Ethereum gas prices soaring, there’s never been a better time to talk about layer-two scaling. Matic is a project that has been around for some time now, but is now reaching maturity with the launch of its mainnet which occurred in June. Coinbase has listed the MATIC token on its cold storage platform, putting it in the company of BTC, LTC, and LINK. Although Matic is building a solid reputation with its Plasma/PoS sidechain, and has onboarded 40 dApps, its highly capable team hailing from India deserves greater recognition still. The best of Matic is yet to come.

Qtum

Qtum is a cryptocurrency that utilizes the UTXO model. Combining the very best elements of BTC and ETH, Qtum creates a cryptocurrency that offers greater security with accessible mining. Qtum’s PoS smart contract blockchain also utilizes a Decentralized Governance Protocol (DGP) that allows blockchain settings (such as block size) to be modified with smart contracts.With EVM and and the revolutionary x86 VM built-in, Qtum is one project that deserves a much closer look.

StormX

Cryptoback is cashback for the digital age and one of the best ways to earn cryptocurrency without changing your behavior. In other words, you get to keep shopping at the stores and sites you love while earning a percentage back on everything you spend. StormX is at the forefront of the cryptoback craze, offering some of the most generous percentage rebates on the market for shopping at thousands of online stores. Download the app or install the browser extension and then go about your everyday business, booking travel, purchasing movie tickets, and shopping for sneakers, wall art, and whatever else takes your fancy while watching your crypto balance grow. With up to 87.5% back in some cases, and healthy single-digit percentages elsewhere, StormX has cornered the cryptoback market.

MiL.k Alliance

MiL.k Alliance is reinventing the loyalty rewards system by ensuring that points never go wasted. MiL.k allows rewards points to be swapped for other types of rewards or even for cash. Instead of rewards systems remaining siloed, MiL.k allows rewards to be freely transferred to friends and family, extending their utility and making rewards points work like cash. Hailing from South Korea, this perhaps explains why some crypto users in the west have yet to fully hear about and appreciate the huge potential of MiL.k.

FortuneJack

FortuneJack is the crypto casino that puts customer trust first. By leveraging blockchain technology, FortuneJack offers punters a provably fair betting experience that erases any doubts of security or fairness.Unlike traditional casinos where the mechanics remain hidden, FortuneJack allows its users to ‘lift the hood’ and inspect the game engine. There’s simply no safer, fairer and more transparent way of betting than with FortuneJack. Since 2014, the company has firmly established itself in a highly competitive betting market with sportsbook, dice, and live casino options available, offering punters the chance to stake their bets across a huge range of altcoins. The site also boasts some of the most mouth-watering crypto jackpots available anywhere. With potential returns running into the millions, FortuneJack is a tempting proposition.

Bingbon

If you haven’t heard of Bingbon yet, it’s probably because you’re not based in Asia, where the exchange has a stronghold. Cryptocurrency exchanges have a tendency to corner the market in their local region before venturing overseas, and Bingbon is no exception. The futures exchange, which turns over more than $1 billion in volume a day, is particularly popular in emerging markets such as Vietnam and Taiwan. In addition to cryptocurrencies, Bingbon allows traders to go long or short on global indices, forex and commodities. The ability to grant traders exposure to traditional markets is sure to earn Bingbon a slew of converts in Europe, where word of the exchange’s novel products is starting to spread.