After extensive crypto price hikes, it is normal to see red days. Since cryptocurrencies tend to be more volatile, those crashes tend to be slightly harsh. In the past 24 hours, most cryptocurrencies lost more than 5% in valuation. Since we’re still in an uptrend, here are 3 undervalued cryptos to consider before prices go back up.
#1 Polygon (MATIC)
Polygon (previously known as Matic Network) is a blockchain platform that aims to offer fast, low-cost and scalable transactions for decentralized applications (dApps). It operates as a Layer 2 solution for Ethereum, allowing developers to build and deploy decentralized applications with reduced gas fees and improved performance compared to the Ethereum mainchain. Polygon is an open-source platform and allows for the creation of multiple independent chains, making it a multi-chain system.
MATIC performance in the past 24 hours: – 8 %
#2 Ripple (XRP)
Ripple is a cryptocurrency and digital payment protocol created in 2012. It uses XRP as its native currency to facilitate cross-border transactions, with a focus on fast and low-cost transfers. The company behind Ripple aims to compete with traditional financial institutions and payment providers, such as banks and money transfer services.
XRP performance in the past 24 hours: – 6 %
#3 Solana (SOL)
Solana is a cryptocurrency platform that operates on a fast, secure, and decentralized blockchain network. It is designed to offer fast and low-cost transactions, making it an attractive option for decentralized applications, tokenization, and digital asset exchange. Solana’s technology is built around a consensus algorithm called Solana Proof-of-Stake, which allows for high transaction speeds, scalability, and energy efficiency. The platform also supports a range of DeFi applications, including stablecoins, lending, and trading.
SOL performance in the past 24 hours: – 10 %
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Source: https://cryptoticker.io/en/crypto-crash-quick-buy-those-3-undervalued-cryptos/