Almost everyone who invests in cryptocurrency or securities hopes to uncover an undervalued asset from which to profit. Finding undervalued cryptos, on the other hand, needs extensive work and might be challenging.
To the smart and forward-thinking investor, this represents an opportunity to purchase the most undervalued cryptocurrency and watch for their value and your portfolio to grow immensely.
Throughout this article, we’ll look at the top undervalued cryptos available now, analyze what makes a project undervalued, and explain where to buy them.
The 10 Most Undervalued Cryptos to Buy this 2022
We’ve compiled a list of the most undervalued cryptocurrencies that have the potential to skyrocket in the coming months.
1. Ripple (XRP)
XRP is a transactional cryptocurrency created by David Schwartz and Jeb McCaleb with the goal of establishing a simple, low-cost, and energy-efficient alternative for internal money transfers and currency conversion. While Schwartz and McCaleb later established Ripple Labs to expand the XRP ecosystem and develop use cases, there is a prevalent misperception that Ripple invented XRP.
Dozens of banks in various nations have already embraced it. It also had great price activity in the years preceding 2018. All of this indicates that XRP is a highly powerful cryptocurrency with a hugely potential future, which is why we include it on our list of the most undervalued crypto to purchase in 2022.
The continuing SEC lawsuit against Ripple Labs has curtailed Ripple’s future ascent. As a result, we believe Ripple is the greatest undervalued crypto for speculative investing since XRP token values would surge if the court rules in favor of Ripple Labs. If the judgment goes in Ripple Lab’s favor, the most optimistic analysts predict that XRP coin values will reach $5 by 2025 and surpass $15 by the end of the decade.
2. Decentraland (MANA)
Decentraland is the most established and widely used metaverse project. It began in 2017, and by the end of 2021, it had over 800,000 registered users and 300,000 monthly active users. MANA token pricing indicated an ROI of more than 25000% throughout this time period (at their peak).
Moving forward, the Decentraland metaverse is projected to integrate new technologies and partnerships that will exponentially expand both its ecosystem and token pricing. It has already implemented blockchain gaming through the play-to-earn paradigm, as well as NFT technology, DeFi, and dApps. All of these are expected to contribute to the expansion of the Decentraland metaverse in the near future.
After reviewing MANA’s current price action and the potential that the integration of these features has on its future price and market cap, we rank Decentraland as one of the most undervalued cryptos to buy in 2022. Moving forward, optimistic forecasts predict that MANA token prices will reach $10 by 2025 and reach $40 by 2030.
3. Cardano (ADA)
Cardano is one of the most affordable cryptocurrencies on this list, with a price of less than 50 cents. This isn’t the only reason it’s on our list of the most undervalued cryptocurrencies to purchase in 2022. Cardano, like Solana and Ethereum, has yet to completely realize its potential.
While the cryptocurrency was introduced in 2017, it gained interest as an alternative to Ethereum in 2021, finally reaching an all-time high of roughly $3.10.
Despite this, Cardano’s market worth has risen to about $95 billion, making it one of the top ten most valuable cryptocurrencies. This demonstrates its enormous potential, and there is no knowing how high ADA token prices and the network’s market cap will rise once Cardano implements all of these technologies. Most optimists believe that by 2025, ADA token prices will have risen above $25 and will reach $100 by the end of the decade.
The FTX exchange‘s native token, FTT, comes next. The FTX crypto exchange, led by Sam Bankman-Fried, has grown from strength to strength, fast becoming a go-to platform for many investors. As a result, FTT has seen significant growth and it has managed buy-backs that have kept the price of FTT high even in the face of current market circumstances.
Within the FTX ecosystem, the token can be used for a variety of purposes. While it was initially designed to provide users with cheaper trading fees, it may now be used for staking, as collateral for margin trading, and to grant holders access to FTX-exclusive IEO projects.
Even now, FTX is one of the world’s fastest-growing exchanges. As a result, it appears likely that FTT will continue to grow in the near future. While the value of the token is heavily dependent on the performance of the exchange, if nothing unexpected happens, FTT might be the most undervalued cryptocurrency in 2022.
5. Cosmos (ATOM)
Every crypto expert and forward-thinking investor recognizes that interoperability is the future of crypto and blockchain technology. Blockchain and crypto technology usage will accelerate only after blockchain interoperability is accomplished. Cosmos, with its groundbreaking Inter Blockchain Communication Protocol, is at the vanguard of driving this interoperability agenda (ICP).
The kind of growth that interoperability promises the COSMOS ecosystem is the key reason why we believe ATOM is one of the most undervalued cryptocurrencies to buy right now. In addition to the interoperable crypto-verse, Cosmos operates a modular framework that demystifies the blockchain environment for developers and consumers, improving ATOM’s appeal and demand among cryptocurrency traders.
Most crypto experts expect that by December 2025, ATOM coins will have broken above $500 before soaring past $1500 in the next ten years.
6. Ethereum (ETH)
You’d think that a list of the top undervalued cryptos would be full of hidden jewels. Even some of the most popular cryptocurrencies, though, can be underestimated.
Consider the cryptocurrency Ethereum. It is only the second most popular cryptocurrency after Bitcoin, and it is grossly undervalued in comparison to the vast array of applications to which it is linked.
Ethereum is likely the most useful cryptocurrency available. The Ethereum blockchain is home to multiple other cryptocurrencies and also supports technologies such as smart contracts and decentralized applications (dApps). Given its usability and large market size, the ETH is worth far more than its present price.
We believe Ethereum is one of the most undervalued cryptos to buy right now since it has yet to fully realize its potential. We are convinced that when all of these niches erupt, they will help propel ETH token prices to previously unfathomable heights.
7. Basic Attention Token (BAT)
The Basic Attention Token, the native cryptocurrency of the Brave browser, is possibly the most undervalued cryptocurrency for 2022 in the advertising space (BAT). The Brave browser, one-half of the BAT ecosystem, is a privacy-focused web browser with an ad blocker built in.
The token is used to compensate online users for the adverts they see, increasing engagement between advertisers and users. Furthermore, the BAT concept has allowed marketers to achieve a much higher return on their ad expenditure than would otherwise be feasible with other platforms.
Because of its innovation and improvements to a service utilized by practically every internet user on the earth, the Brave browser has recently gained a big number of users.
Although the future value of BAT is heavily dependent on the success of the Brave browser, things are looking up for this intriguing initiative.
8. Tamadoge (TAMA)
The NFT-based play-to-earn (P2E) game and meme coin is the most discounted cryptocurrency we’ve come across. TAMA is already a successful project, and its worth is projected to increase dramatically in the next months as the project’s features are gradually put out.
Tamadoge has already established itself as a hugely popular and undervalued cryptocurrency. The project’s presale sold out significantly ahead of plan, raising an astonishing $19 million. TAMA was listed on tier-1 exchange OKX as well as the OKX decentralized exchange (DEX) for its initial exchange offering (IEO), establishing its place as one of the year’s greatest crypto presales.
Tamadoge, unlike even the top meme coins like Shiba Inu and DogeCoin, has a limited fixed supply of only 2 billion tokens. The supply was divided as follows: 50% was set aside for the presale, 30% was set aside to fund the project’s continuous development over a 10-year vesting period, and the remaining 20% was set aside for exchange liquidity.
9. Solana (SOL)
Solana is another undervalued cryptocurrency to keep an eye on this year. It is the most rapidly expanding smart contract ecosystem. Solana has accomplished more in its two years of existence than most of its predecessors. It, for example, had smart contract functionality before Cardano, which has been around since 2017.
Solana has been quick to incorporate new crypto technologies. However, while its value has increased tremendously over the last two years, we rank it as one of the best-undervalued cryptos to buy in 2022 since the value acquired from SOL tokens is not proportional to its perceived value.
The growth of these future technologies on Solana, as with Ethereum, is predicted to drive SOL token prices and the network’s market cap to great extents. Some optimists believe SOL token values could reach and possibly break $1,000 by 2025, before racing above $10,000 in the next ten years.
IMPT allows investors to join a platform that is concerned with positively benefiting the environment. It has accomplished this by collaborating with over 10,000 popular brands concerned with minimizing their carbon footprint.
Investors can begin their adventure by purchasing IMPT tokens. They can also be obtained by making purchases at pre-approved retailers. After purchasing the tokens, investors can convert them to carbon credits, which are minted into NFTs.
Investors and corporations can also track their own carbon footprints, according to the IMPT whitepaper. It’s done on a social platform that ranks each user’s environmental impact. Individuals that have a good impact on the environment are given points.
IMPT tokens are currently on sale. Each token costs $0.018 and can be purchased by investors. That is during the first stage of the presale, and the price increases to $0.023 during the second stage.
Subscribe to the IMPT Telegram channel to obtain all the information on the presale and other details.
How To Find an Undervalued Crypto?
There are a few indicators you may look for to see if a cryptocurrency is selling well below its ‘real’ or ‘perceived’ worth.
Let us look at the five most prevalent methods for locating undervalued cryptos:
- Examine its market capitalization and tokenomics
Ascertain that your favorite undervalued coin has a healthy market capitalization and does not practice inflationary tokenomics.
It should be noted that an inflationary limit token supply will result in price suppression, especially if there aren’t enough use cases for the tokens.
Read here to find out more about tokenomics.
- Examine its development team
Only invest in what you believe is an undervalued cryptocurrency if you have faith in its development team. Many Ethereum investors, for example, have high regard for Vitalik (co-founder of Ethereum).
They even pushed ETH token prices up a few hundred dollars before any substantial advances in this ecosystem took place.
Many others believed in Satoshi Nakamoto and helped Bitcoin reach $20,000 before it was used as a payment method by major brands or as an asset by institutional investors.
- Examine its price history
Examine the cryptocurrency’s past price activity, particularly its reaction to various price rallies and the causes that influenced the rally in the first place.
Did it rise as the market rose or in response to positive blockchain network news, and then fall after a crash or terrible blockchain news?
Avoid coins whose only significant value increases came from influencer or celebrity endorsement hype.
- Examine whether it addresses a genuine and pressing issue
Confirm that the undervalued coin answers a real and pressing global need. Bitcoin, for example, tries to address the flaws of fiat currency, while Ethereum provides a smart contract platform for trustless transactions, and Cosmos addresses the blockchain interoperability issue.
- Check out its supporters and partners
Only invest in coins that have a strong team of backers. Before investing in a coin, venture capitalists perform considerable research. Most major off-chain firms seeking to enter the crypto verse feel the same way. Invest in undervalued currencies only if you have a strong team of backers and partners.
Where Should You Buy the Most Undervalued Cryptocurrency?
All of the undervalued cryptocurrencies described in the preceding guide are extremely popular, and if you are just getting started with cryptocurrency investing, we recommend purchasing the most undervalued cryptocurrency from any of the following crypto exchanges:
- eToro – this is the most user-friendly trading platform for beginners. Maintains a user-friendly trading interface with a transparent pricing structure, as well as social and copy trading tools.
- Coinbase – Coinbase is a platform for buying cryptocurrency instantaneously. It, too, has a user-friendly trading platform and is extremely liquid.
- Binance – is the best option for ultra-low crypto trading fees. Binance keeps its low and highly reduced crypto trading fees. It is extremely liquid and ensures customer digital assets.
Note: Some of the links above are affiliate links, so we may get a commission if you choose to use these companies. They are all companies we use and love. Thanks for supporting Don’t Want A Boss!
Throughout this post, we’ve looked at 10 of the most undervalued crypto projects that are currently available for purchase, discussed what makes an asset undervalued, and provided a few approaches for finding discounted assets.
We also discussed why each made the list and what they are likely to be worth in the medium-to-long future. While each of the projects we’ve discussed is solid, we discovered that one, in particular, has a lot of opportunity for improvement during our research.
I’ve also made a list of the most volatile cryptocurrencies in 2022 so make sure you check them out!
How about you? What do you think are the top undervalued cryptos right now? Comment them down below!
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