Undervalued Cryptocurrencies: NAGA (NGC) the Cryptocurrency for Gaming and Financial Trading

by birtanpublished on October 2, 2020

Hello the decepticons and welcome to a video in my undervalued cryptocurrencies series now it's been a while since I made a video in this series but I do think I've got very interesting projects for you today something that has a lot of potential long terms from today's element of June 2018 and I am looking at Naga coin and GC as always thank you very much for watching this video and I do hope it's gonna be useful some basic information about this project so there's a cryptocurrency behind this social trading platform for cryptocurrencies virtual goods and stocks alike it aims to make it easier

For the mesh team adoption of blockchain and cryptocurrencies so it was introduced by the Naga group AG which is a German publicly listed filter company with a focus on financial markets virtual goods and cryptocurrencies they do have their own big Naga ecosystem which is divided into few sections and include like a wallet Naga trader swedux Naga Academy and also a Naga debit card so kind of like the wirings card which I covered in one of my last videos now some additional information about this whole ecosystem so first of all Naga trader is an app website which allows

Users to invest in two different fiat currencies cryptocurrencies and stocks the platform includes other features like trade comping and some of those are already online and actually functional so it is a company it's electro – currency that's already out there doing you know their own things so if you wanna know which ones are those they do have everything listed very well on their website then they do have mega wallet which names which enables the safe and simple exchange of cryptocurrencies and digital money as well they work half like a card which is

Connected to the wallet obviously and it asked to pay for goods and services in both online and offline transactions so this is something that like I said in my warrix video we're basically missing any type of cards that are our people that are suspended to the currencies are very needed and very welcome on the market sweet X I think that's how we pronounce it will aim to be the world's first trade in exchange for virtual goods powered by the box chain so kind of like wax project which I did cover in my of every series just a while ago and then

They will have Megha Academy for community which is gonna be like an online university which will do Krypton education degrees and also nice all of that will be supported by the NGC token which is an ER c28 cerium Base token they currently are almost 58 million coins available with a total supply of almost 78 million so there will be some introduced in the future but not that much it's a certain few exchanges with most of the volume on Aki X but it's also hit b2c which I would avoid a little bit fun of this exchange also a matrix which on

The safer options and a bit if you are based in Korea so if you wanna buy it there's a probably is either Oki X or Beatrix mossy oak TX because there's more volume there and whenever there's there's more volume you can probably buy the tokens for cheaper Bitcoin is the most popular pairing but it's obviously paired also with its cerium and Teller as well depending what exchange you want to get it from like I said before everything is supported by the Naga coin and you see and there's basically the currency that will drive all the internal transactions taking place

Within the ecosystem they do seem to have quite a lot of different news cases I did reach for the white paper and they do describe a lot of different usage for this coin because it's gonna be used for all the different platforms within the entire ecosystem so sometimes it will be needed to actually use some of the features and you will be able to only access some of the features within the ecosystem through this cryptocurrencies while some of the other situations you will get special conditions or reduced fees overall if the platform is popular the coin should definitely explode in

Value I just today which starts to take 11 by the way it's 44 cents for one token now price obviously we had a little crush happening today and yesterday so the price actually decreased by about 10% when compared to the last few days the current market cap is around 25 million and the token is listed on 27th 272nd place amongst all the other tokens so barely Club qualifying for the series otherwise I would put it in my hidden gem series but because it's in the top 300 I couldn't do it our team wise like I said before it's an

Existing company based in Hamburg Germany it was founded in 2015 and it's listed on German Stock Exchange and they do own several different financial licenses it'll have over 100 employees it's one of the biggest companies that have their own cryptocurrencies and it will have total offices number of nine and they're all based in different cities they're backed by mainland China's largest private multi hundred billion investment company for some group and obviously the German stock exchange as well as Germany's second oldest bank I'm not gonna try I'm not

Gonna butcher this name I love the links I'll put in the description below as I always do so where does it fit so this project is very large in scope much bigger than any of the other projects in comparison really it's kind of unique in that way because of how many things it will do it will do some wallet twice and Fiat get away the project will compete obviously with coinbase which doesn't have their own token but then there's ethos with revaluation 157 million bread with a valuation of 58 80 33 million so we can see all of those valuations are actually bigger than Naga

Which is bigger in scope anyway card wise it will complete with Monaco 10x token cards change and as you can see again two of those projects has a higher valuation actually token card has a higher valuation as well so you think you can see the partner here that the potential of knowledge much higher and the valuation is much lower than any of these projects that was come gonna compete with the trading platform like Co vesting and also gaming cryptocurrencies that works engine and D market again both walks and engine Haza

They do have a higher valuation than Naga so you can see the pattern here it's one of the few platforms that already have a working product and it's actually bigger in scope than any of the listed here even though they do have a lower valuation Robert wises July 2018 which is that online university is supposed to be launched then August 2018 alpha launch of the nagas exchange and the launch of the another guard September 2018 something called Naga wealth and then pay mega pay October 2018 which is probably going to incorporate that debit card so you do

Have quite a lot of upcoming developments they're very vague about what exactly does mean but it does sound pretty good dumb prediction wise all-time high is much much higher than the current price it was listed shortly after the exchange listing you know for the first of December after pump that happened after the listing so it was $4 43 cents since then the price increased by a lot which could actually be one of the reasons why I believe it's underrated because a lot of people got burned on this project and you know that's why it's the probably

See it as a dead project but it seems to be doing quite well on the contract so it had been quite stable price range and price wise for quite a while it's actually quite difficult to compare the project to anything since it's so big in scope we can compare it to the likes of ethos wax or Monaco for example which would mean the price going up four to five times long-term what they consider that Naga is actually bigger in scope than any of this project and it's also supported by a large company something that those do not have I think walks is what Monaco and he sauce are actually

Startups so now got the you know the potential here is actually much bigger than any of these projects I think because of that you know it's one of the safer projects to invest long-term out of this all of the projects that do have a low market cap obviously Bitcoin or theorem are much safer but if you're looking for something very low market cap with a lot of potential but still pretty decrease the risk when compared to all the other projects are like two hundred plus in terms of the list for the market cap then I did think seems to be quite good option especially at the

Current price this dog dog barking outside sorry for that so why do I believe personally it's undivided and as always say this is not a financial advice is just my personal opinion so it's much bigger in scope than any other projects with great potentials so they did connect several projects into one big platform something that can certainly work out in the end having one ecosystem for everything clear – currency stock and finance related could simply work low market cup-winning compared to the similar projects even the ones that are much smaller in scope

Upcoming big developments in the second part of 2018 according to the roadmap existing big company worth plenty of employees and that's publicly traded on the public stock exchange many more stable cryptocurrency in the long run at least in my opinion they do have a variety of addition products and those are probably more likely to be improved in the future and hopefully they can do some marketing as well to get more people actually looking into this project did you have good use cases for the coins with plenty of potential now some of the things to keep in mind first

Of all County very low trading volume if you want to buy any significant amounts it's gonna be very difficult it's very dependable on the Bitcoin price as most of the alkanes are and it's very big project in scope so it might be difficult to implement all features mostly because of regulations I mean this is a publicly traded company they do have to be very careful with what they do not to get you know and travel of the government otherwise thank you very much for watching I do hope it was useful indeed it's an interesting project and I think one of the safer

Lower valued cryptocurrencies which is why I did cover it and this series but it's not a financial advisor before invest into anything any type of cryptocurrency you know make sure you do your research because it's a risky business cryptocurrency in general so that's something to always remember as we have seen in the last few months when the price decreased suddenly thank you very much for watching I do love you as I always do and Cheers have a good day

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