Undervalued cryptocurrencies are those whose current market price is lower than their perceived true value. Many crypto investors look for such cryptocurrencies to buy them at a discounted price and wait for them to rise and approach the estimated potential price. However, this strategy is quite risky, as there’s no guarantee that a seemingly undervalued asset will actually rise in price. Besides, due to the high volatility of cryptocurrencies, not only can the price fail to rise, but it can also fall dramatically, leaving investors with a considerable loss. Some of them are:
1.Chainlink (LINK)
Chainlink is a decentralized oracle service that serves as a link between blockchains and the outside world. It allows blockchain apps to access information outside the network. As the blockchain industry’s need for such solutions grows, the project looks very promising.
2.Avalanche (AVAX)
A decentralized, open-source platform for launching DeFi apps, financial start-ups, trading and other services. As one of the fastest smart contract blockchain platforms on the market, Avalanche has the potential to become one of Ethereum’s main competitors.
3.Polkadot (DOT)
A game-changing project that is one of the main contenders to become the basis for Web 3.0. Polkadot is a multichain technology that allows different blockchains to be linked together without affecting the security of individual projects. Already having a quite high market capitalization, the project token demonstrates the potential to achieve much more.
4.Theta Fuel (TFUEL)
Theta is a decentralized video streaming network that uses excess bandwidth and processing power of its users to improve video quality. The project developers intend to solve the inherent problems of the video streaming industry and edge out the centralized giants that currently dominate it. If they succeed, demand for TFUEL, the Theta platform’s operating token, will increase markedly.
5.Basic Attention Token (BAT)
BAT is a blockchain-based digital advertising ecosystem that connects content creators, advertisers and content end-users. The digital advertising industry currently has many problems, and BAT aims to solve them. Given the size of the digital advertising market and the need for an ecosystem that can settle its current issues, the BAT token has a good chance of growth.
