You’ve probably heard of Bitcoin and Ethereum, but have you heard of Enigma? Chances are you haven’t and that’s okay. Out of the 1260 coins offered for sale, each one hopes to be the next greatest coin. They all offer unique features that Bitcoin cannot. Enigma isn’t just one of those coins. What makes Enigma stand out amongst these coins is that it has a great underlying technology and team, is striving towards strong partnerships in the crypto space, and has only emerged stronger from initial setbacks — hence making it highly undervalued at its current valuation levels.
TECHNOLOGY
Enigma has a program that they are actively working on, are ahead of their roadmap, and have been making countless advances. What’s exciting about Enigma right now is the Catalyst. What is the Catalyst you may ask? Let me explain!
Have you heard of the Bloomberg Terminal? The Bloomberg Terminal is a financial interface which allows professionals to monitor real-time data of the financial market, also enabling them to place trades on the electronic platform. CEO of Bloomberg L.P., Michael Bloomberg, made billions off of the technology-related programs.
Through the Catalyst program which Enigma is currently developing, they hope to replicate that interface in the cryptocurrency scene. Catalyst is a fully-featured trading interface that has the ability to interact with multiple exchanges and is an amazing tool that developers can use to their advantage. Enigma seen with the perspective of this upcoming program — is highly undervalued and well worth the investment right now! Learn more about Catalyst on Enigma’s official website.
ICO History
Enigma (ENG) is a fairly new coin to the market and is currently valued at $0.36 at the time of writing this. Enigma offers so much to the market and is extremely low for the growth potential it has long term. When their ICO launched, they had a total of 5000 contributors which sold out MINUTES after the whitelist closed. They raised a total of $45 million. Currently in terms of their roadmap, they are ahead by a full quarter. The community of Enigma is extremely large and diversified, making the coin itself very unique.
FUTURE POTENTIAL — AN OFFCHAIN SOLUTION THAT SCALES
Now, onto the future of Enigma and what the coin offers. The main goal of Enigma is to transform the way that data is transmitted using their network. Many cryptocurrencies offer a safe, decentralized protocol. A decentralized protocol is a data stream that is not controlled by anyone or group. Enigma does not operate on a decentralized protocol. Instead, they operate on an off-chain data network. Through this off-chain data network, they can store larger amounts of volume of information that is securely transmitted in comparison to decentralization and their first product to be launched on the new Enigma protocol is, of course, Catalyst.
PARTNERSHIPS
Besides technology, the strengh of a coin is also derived from its surrounding ecosystem and collaborations. In that regards, Enigma is also forming new partnerships with countless other cryptocurrencies. Just recently, they partnered with KyberNetwork (KNC). Enigma Catalyst will integrate with KyberNetwork as a data provider. In terms of long term, KyberNetwork and Enigma hope to revolutionize the decentralized blockchain and become coins that everyone is familiar with.
After being featured on their first cryptocurrency exchange, Binance, Enigma has recently partnered with EtherDelta as well. EtherDelta is one of the largest exchange platforms which makes this partnership a huge accomplishment for Enigma. They have also partnered with investFeed, a leading social media platform on the basis of cryptocurrency.
RISE FROM THE ASHES
Enigma has confidently and strongly recovered from its ICO woes! Worth noting as well is the recent repayment of everyone who was affected by the breach in the ICO sale of Enigma. Everyone who was affected and had their funds lost was repaid by Enigma. Despite the setbacks, Enigma was able to overcome them and continue to advance the technology behind their coin and make a name for themselves.
CURRENT PRICE
A final note worth mentioning is the current price. The public sale price of Enigma was valued at 60 cents. They debuted on exchanges at a time where ICOs where bearish after Bitcoin started going parabolic in price. When the market undervalues a project of such scale that is a GOOD thing for investors. Earlier this week the price of Enigma hit a low of 34 cents on the Binance Exchange. The price is currently $0.52 and recovering at a quick pace. Enigma is a cryptocurrency that has so much to offer. Their recent partnership with EtherDelta shows their real intent to partner with popular exchanges in the space. Enigma has an all-star team, outstanding initiative in building strategic business partnerships, and have proven their commitment to developing the world’s leading platform for a decentralized market place.
