These 14 little-known and undervalued coins could experience growth in the style of Ether

Bank of America has finally acknowledged that the cryptocurrency sector is too large to continue ignoring, stating that they believe cryptocurrency-based digital assets could represent an entirely new asset class. They also recognize that Bitcoin is important, but that the ecosystem of digital assets is much larger than Bitcoin itself.

Bank of America estimates that every month 221 million users trade cryptocurrencies or use some blockchain-based application.

– Funding for venture capital related to digital assets rose to $17 billion in the first half of 2021, compared to just $5.5 billion last year, and mergers and acquisitions jumped to $4.2 billion, up from $940 million in 2020 – the bank reports.

As they increasingly ‘like’ cryptocurrencies, the bank has introduced a metric to assess whether a coin is undervalued or overvalued, and we bring you a list of 14 coins that could have a bright future based on their technical applications and developer interest.

Tezos was the first altcoin mentioned by the bank. It operates on a blockchain network and is designed for peer-to-peer transactions and smart contracts. Then there is The Graph coin, which uses the GraphQL programming language, originally developed by Facebook in 2015.

IOTA is a centralized coin that achieves consensus without using fees and is used for processing microtransactions.

NEAR protocol is an open-source platform that aims for climate neutrality; it ranked fourth on the bank’s list of smaller altcoins.

EOS is the native token of the EOSIO network, which allows users to create DeFi applications and has a market capitalization of just under $5 billion.

The bank also included Stellar’s native token, XLM, which has a current market value of $8 billion. Bank of America described Stellar as “a payment solution with low transaction fees.”

On the bank’s list is also the lesser-known privacy coin XMR, which is on the Monero blockchain. Monero – the so-called “privacy coin” – enhances user anonymity, raising concerns about potential illegal use.

FILcoin is cloud-based, with a market value of just under $8 billion and operates using unusual Proof of Replication and Proof of Spacetime algorithms.

Neo also made it onto the bank’s list. This blockchain, which processes smart contracts among other applications, is currently in the midst of the N3 upgrade, which promises to be its “biggest evolution” yet. Cosmos is one of the more well-known altcoins mentioned by the bank. Cryptocurrency trader Michaël van de Poppe recently called it ‘the next Solana’. The list also includes the Waves blockchain for building applications, along with the open-source DeFi platform Fantom.

There is also the content sharing and entertainment platform Tron, which has a market value of nearly $6.5 billion. Its native token, TRX, allows owners to pay for streaming services.

Finally, Bank of America included ICP, which has a market value of $10 billion.

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