When will Crypto be back? Bitcoin, Ethereum and Cardano are consistently ranked as the top cryptocurrencies by market capitalization. They not only drive the market, but they consistently embrace most of the spotlight when it comes to crypto news and media coverage.
It's not surprising given that there are 10,000 cryptocurrencies and crypto-related projects listed on Coingecko.
There are a lot of ciphers, but most people don't deserve coverage like the top three. Let's take a look at two underdogs that could reach the top spot.
When will Crypto be back? Methodology
Choosing the best two underdog code is like asking what the best food is. It is impossible to say that this pizza is better than that sushi, as everyone has different tastes and palates.
The criteria for choosing our best underdogs are market capitalization positions, utilities and innovation. Two companies other than the top 50 companies are being severely underrated.
1. Nexo: Instant cryptocurrency-backed loans
Coingecko ranks Nexo #79, but its trustworthy position as a cryptocurrency lending platform forms the basis for launch pads.
The price of the Nexo, which was launched in April 2018, is expected to increase over the next few years, with some analysts projecting a $20 price range over the next five years. Hope for a bright Nexo future is high, but it is defi to promote market sentiment here.
Nexo is a lending platform that offers loans to users. Does it sound familiar? Unlike traditional lenders like banks, Nexo is Ethereum-based and offers cryptocurrency to those in need. Its capabilities rival traditional lenders by providing services that can capture loan interest.
When borrowing Nexo, the loan is made immediately and all payments are available on one platform.
We have expanded our offering to include more futures contracts with leverage up to 20x and 50x.
Trade smarter and amplify movement – Open the Nexo app and increase trading flexibility.
– Nexo (@nexo) March 12, 2025
Additionally, creating a deposit will allow a credit line to be available, allowing users to spend or withdraw immediately.
In recent years, many crypto-based lending services have emerged. However, with $100 million insured against theft and licensed and regulated in more than 200 countries, Nexo is already a reliable platform. Nexo is a crypto lending platform, coupled with market trust and its availability around the world, is ready to disrupt the financial services sector in the near future.
2. CELO: Smartphone + Blockchain
By using phone numbers as public keys, CELO wants to introduce cryptocurrency to those who own smartphones, including those with no banking access.
The CELO team launched in 2020 includes former employees of Google, Visa, MIT, the Federal Reserve Bank, Harvard University, the US Bank and the Department of Justice.
CELO's USP is to become the number one global peer-to-peer payment processing application. Yes, for fintech investors, that means they want to undertake PayPal, Venmo, and Square.
CELO aims to achieve this using both blockchain and smartphone technology. Essentially, a smartphone becomes a node in the system and thus helps the network run much faster than any fintech application.
To put all this into perspective, here are some of the benefits Celo has over Venmo:
- Cello doesn't need to have a bank account, but Benmo is
- Venmo costs more than CELO
- CELO has governance protocols that allow holders to cast votes that can sway the project's direction.
When will Crypto be back? Future outlook
Blockchain integration is slowly expanding into our daily lives. These two projects are evidence of this.
The two projects are supported by utilities. That is, there are the actual physical uses of these coins and their underlying technologies and services. With utility and strong community support, Nexo and Celo are two projects needed to keep them on the radar.
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Key takeout
- There are a lot of ciphers, but most people don't deserve compensation like the top 3.
- Blockchain integration is slowly expanding into our daily lives. Both Nexo and Celo are proof of this.
Let's take a look at the two underdog codes: When will Crypto be back? It first appeared in 99 Bitcoin.
