Introduction
Cryptocurrency has revolutionized the financial landscape, indeed. Surely, leading position is reserved for Bitcoin and Ethereum. However, beyond the well-known giants of the industry lie a group of lesser-known digital assets known as dark horse cryptocurrencies.
These are also the hidden gems with the potential to rise and disrupt the market.
In this article, I will explore nine dark horse cryptocurrencies that can be good opportunities for you in reality.
First Dark Horse Cryptocurrencies
Cardano
Firstly, one of the most promising dark horse cryptocurrencies is Cardano (ADA).
Founded by Charles Hoskinson, a former Ethereum founder, Cardano aims to build a smart contract platform with superior scalability compared to Bitcoin and Ethereum.
The project has developed a proof-of-stake consensus algorithm called Ouroboros, surely. Further, it enables secure and efficient transfers of digital currency.
Cardano’s ADA token has gained traction, and despite its current price of $0.58, it has caught the attention of investors and organizations looking for the next big thing in the crypto world.
Price Analysis
In fact, I described in more detail how Cardano’s price behaved in a post devoted almost entirely to Cardano.
Here I will describe more generally about price behavior and the cryptocurrency itself.
Let’s get to work!
In fact, 2 bull markets and 2 bear markets, almost 4 years of history on the cryptocurrency market. Not bad, at all.
At least there is something to compare and interpret. This does not change the fact that the price history of this cryptocurrency is still poor.
Either way, the investment would pay off at least 20 times within 4 years! Isn’t it dark horse cryptocurrencies, surely?
Think what you want, but if you show me something similar and makes sense, I’ll give you a hand 😉
Chainlink
Chainlink is another dark horse cryptocurrency that has the potential to disrupt the industry.
Its unique technology allows it to connect with any blockchain, so it acting as an intermediary solution known as an Oracle.
Then, this capability enables smart contracts to interact with multiple blockchains seamlessly.
Chainlink’s cryptocurrency, LINK, has seen significant growth due to its partnerships and potential for expanding use cases. Although not as popular as Bitcoin or Ethereum, Chainlink’s versatility makes it an intriguing dark horse in the crypto market.
Price Analysis
In fact, the situation is similar with Chainlink. 2 bull markets and two bear markets like its predecessor, Cardano.
Well, Chainlink is an interesting project, without a doubt. Layer 0 project, i.e. the connection between blockchains.
Nearly 6 years on the market, but here the return rates are around 60 or more.
Please also draw your own conclusions.
Does Chainlink, as a matter of fact, care about being called a dark horse cryptocurrencies?
Ethereum Classic
Honestly say so, Ethereum Classic (ETC) is an open-source, decentralized platform that preserves the original Ethereum blockchain.
It emerged as a result of the infamous DAO hack in 2016 when hackers stole millions worth of Ether tokens. As a response, Ethereum underwent a hard fork, then leading to the creation of Ethereum Classic.
ETC retains the untampered history of the Ethereum blockchain, surely. It making an attractive option for those seeking a reliable and unaltered digital asset, also.
Despite being relatively unknown, Ethereum Classic has the potential for rapid growth due to its limited supply and affordable value.
Price Analysis
Ethereum Classic is the original Ethereum blockchain, as a matter of fact. Yes, I know, maybe you don’t know what I’m talking about at this point.
I’ll explain in a moment. Due to the theft, i.e. a successful hacker attack on the blockchain, the project was forked.
The original project continues as Ethereum Classic without changes, in reality. Then with changes to the blockchain it is Ethereum.
You probably didn’t know, so am I right?
Either way, this is a project that has been on the market for over 7 years, and the return rates could be at least 20 times higher. And surprised at what?
After all, everyone is already hanging their dogs on this project. Don’t get confused.
In my opinion it’s 100 % dark horse cryptocurrencies. Maybe not so popular, but fundamentals are strong.
Dark Horse Cryptocurrencies Battle
As you can see, in fact, among the first 3 black horse of cryptocurrencies, Cardano is in first place.
The capitalization and social support of fans is at a high level. Remember, however, that these are the first factors in the evaluation of the project.
But, never think that you can choose the right project only based on these 3 factors!
There are many other important issues. Such as how the project is developing, who commands it, security, ecosystem, tokenization, technology support, future prospects.
Well, I only replaced part of it! Fundamental analysis is the most important.
Then support yourself with technical analysis and assessment of the market stage. At the same time, check how the price has behaved in the past to assess your success and what ROI it can bring to you.
Second Dark Horse Cryptocurrencies
Shiba Inu
While the crypto market is filled with numerous projects, Shiba Inu (SHIB) has gained attention due to its resemblance to the meme coin rally of 2021, spearheaded by Dogecoin (DOGE).
SHIB, like Dogecoin, is a meme-inspired cryptocurrency, at first. That aims to replicate the overnight success of its predecessor indeed.
What sets SHIB apart is its unlimited supply of coins and its acceptance by some businesses, surely.
Developers are actively working on improvements, so it adding to the potential for future growth.
As long as demand remains high, SHIB has the potential to rise as a dark horse in the crypto world.
Price Analysis
If we are writing about Shiba Inu, we can undoubtedly say that this project may have very good prospects.
But for the price…
One bull market and one bear market, in fact.
You could make very good money during the first bull markets, because you could earn a fortune!
Then a bear market and losses of 98-99%. Welcome to the world of speculation!
VeChain
VeChain (VET) is a blockchain platform that focuses on supply chain management and verification.
It aims to improve transparency and traceability in various industries, such as agriculture, fashion, and logistics, by utilizing blockchain technology.
VeChain has formed partnerships with major companies, including Walmart China and BMW, further solidifying its potential for widespread adoption.
Without a doubt, VeChain has positioned itself as a dark horse cryptocurrency to watch closely.
Price Analysis
VeChain is an interesting project and I encourage you to check it out, surely.
It has been on the market for 4 years and you could make good money on it, but the project itself focuses on the solutions of the 4th industrial revolution.
If you haven’t heard it, read it!
Zilliqa
Zilliqa (ZIL) is a high-throughput blockchain platform that aims to address the scalability issues faced by many other cryptocurrencies, indeed.
In fact, Zilliqa can process transactions in parallel, resulting in faster transaction times and increased scalability.
The project has gained recognition for its innovative approach and also has partnered with various companies and institutions. Including Oxford University and Mindshare, surely.
Zilliqa has the potential to emerge as a prominent player in the crypto market.
Price Analysis
I will summarize the Zilliqa project very simply.
4 years, 2 booms, there is a lot to analyze. You could make money!
Dark Horse Cryptocurrencies Battle
In the second category of cryptocurrency dark horses, the Shiba Inu is the best.
However, I must admit that there are only good projects in this category.
I’m not telling you to invest in them!
I just want to say that it is worth taking a closer look at them and then drawing investment conclusions.
I will definitely take a closer look at them.
Third Dark Horse Cryptocurrencies
Decred
Decred (DCR) is a unique dark horse cryptocurrency, in reality. It combines the principles of decentralized governance and proof-of-stake consensus, indeed.
It allows coin holders to participate in decision-making processes and contribute to the development of the network.
In fact, Decred has gained attention for its innovative approach to governance and its commitment to community involvement.
Surely, Decred has the potential to become a disruptive force in the cryptocurrency space.
Price Analysis
Here’s an interesting fact about this Decred project. 7 years on the market.
Price history that can be analyzed quite easily, because that’s what it is.
The ceiling was $250 per unit, so there was a lot of money to be made on the project itself!
0x
0x (ZRX) is an open protocol that enables the peer-to-peer exchange of digital assets on the Ethereum blockchain.
It aims to create a decentralized exchange ecosystem where users can trade tokens directly with one another without the need for intermediaries.
0x has gained recognition for its focus on interoperability and also its ability to facilitate decentralized exchanges efficiently.
As decentralized finance (DeFi) continues to gain traction, then 0x’s protocol could play a significant role in the future of digital asset trading.
Price Analysis
The project has been on the market for almost 6 years, in fact.
Ooooh. I’m surprised because I expected 2, maybe 3 years at most.
2 booms and you could then make a lot of money in both of them.
The price increases to similar levels during a bull market. For now, our ceiling is 2.50 per unit.
Ren
Ren (REN) is a dark horse cryptocurrency that focuses on providing interoperability between various blockchains, indeed.
It aims to bridge the gap between different blockchain networks, at first. Then, allowing for seamless transfers of digital assets across platforms. Ren has gained attention for its innovative solutions and also its ability to enable cross-chain liquidity.
In fact, Ren’s interoperability solutions could become increasingly valuable, positioning it as a dark horse with significant potential.
Price Analysis
Ren has been on the cryptocurrency market for 5 years. That proves something that he’s still on it.
There are basically no units left available for purchase from the market.
Only sales between traders take place. The price behaves more dynamically in a strong bull uptrend.
When Bitcoin grows, other projects grow, but you already know that!
Dark Horse Cryptocurrencies Battle
Among the last three dark horses of cryptocurrencies, Ren is the best.
I must admit that this is quite a surprise to me. I will take a closer look at this project myself.
Extra Dark Horse Cryptocurrencies
Reserve Rights
Reserve Rights (RSR) is a unique dark horse cryptocurrency that aims to create a stablecoin ecosystem that is resistant to hyperinflation.
The project focuses on creating a decentralized stablecoinm, surely. Then provides stability in economies prone to high inflation.
Reserve Rights has gained recognition for its mission, indeed.
Surely, Reserve Rights has the potential to disrupt the stablecoin market.
Price Analysis
The project is still in a bear market. The current price has returned to the levels from the beginning of the project.
It can be considered a highly speculative project, but only by reading the whitepaper and assessing the project’s progress can you invest some money. Just a warning!
Comparison
In this section, I look at all projects in terms of capitalization and popularity, so…
Don’t be fooled into thinking that these are the only factors that determine project success, indeed, oh no!
Either way, this is a good starting point.
Cryptocurrency dark horses, including projects that are really cheap at the moment.
Projects with the largest market capitalization perform best.
These are Cardano, Chainlink and Ethereum Classic.
Either way, take a look at these projects because they could make you a fortune in a strong bull market uptrend.
Hidden Dark Horses
There are several cryptocurrencies that can still cause quite a stir on the cryptocurrency market. It is impossible to list them all. However, as the market capitalization shows, they are important cryptocurrencies and the price is not too high. That and the hidden dark horses of cryptocurrencies: Toncoin, Avalanche, ImmutableX, Aave.
Conclusion
While Bitcoin and Ethereum dominate the cryptocurrency market, there are numerous dark horse cryptocurrencies.
Cardano, Chainlink, Ethereum Classic, Shiba Inu, VeChain, Zilliqa, Decred, 0x, Ren, and also Reserve Rights are just a few examples of these hidden gems.
Each project offers unique features and addresses specific challenges within the crypto space. surely.
