Top 5 Undervalued Crypto Coins To Invest in 2022

Almost everyone who invests in cryptocurrency or stocks hopes to discover an undervalued asset to benefit from. Finding the best undervalued crypto projects may need extensive research and might be tough (though not always). Sometimes, you just need common sense and good judgment, or vision.

So let’s dive deep to find crypto assets that are undervalued due to market factors and other reasons and that can give outsized returns in the next bull run. However, take this list and subsequent investments with a long-term approach. Remember, don’t take these assets as a get-rich-quick scheme. Ecosystems take time to mature and go mainstream.

1. Bitcoin

It might sound strange, but yes, BTC is an undervalued asset as of now. You might argue that it has already peaked at $68k in November 2021 and then crashed to $15-$16k. So why should one bother investing in this asset?

Let me tell you why. The crypto market is volatile, and you will see such huge swings every now and then. Remember the time when one bitcoin’s worth was not more than a couple hundred dollars.

As you know, only 21 million bitcoins can be mined. And this is where things get interesting. We, as a civilization, value scarce resources. That is why diamonds, vintage cars, paintings, and other limited-edition items are valuable. Around 19 million BTC have already been mined, which means prices will skyrocket once there’s not enough supply. This is basic economics: if there’s a demand but not enough supply, prices increase. However, you should note that it will be a long term game. You won’t see that much of an upside in the short term.

2. Ethereum

You’ve already heard so much about ETH that it’s hard to see it as an undervalued asset. I know. But hear me out. Which is the most useful and reliable blockchain ecosystem? Its Etheruem. Also, due to crypto winter and the recent market crash, ETH’s price is very low, which makes it an undervalued asset. The rate at which this ecosystem is evolving and proving that it’s reliable to host ambitious projects again and again means that ETH is bound to see a price surge in the coming years. It’s simply a matter of time.

3. Decentraland (MANA)

Decentraland is an emerging platform with the potential to become a huge metaverse ecosystem in itself. For those who don’t know, Decentraland is the first and most well-known virtual land ownership platform for gamers, creators, and aspiring entrepreneurs. Every piece of virtual land purchased in Decentraland is an NFT, which cannot be reproduced.

Users can buy parcels of land to build their own environments, marketplaces, and apps. They can also host live music concerts, conferences, exhibitions, etc. MANA is the native cryptocurrency of this ecosystem. As Decentraland’s ecosystem matures and goes mainstream, MANA prices will skyrocket, giving early investors a huge return on their investment. MANA/Decentraland is undervalued as of now, but has a lot of potential to go big.

Also Read: These Meme Coins Will Make You Millionaires In The Long Run!

4. Dogecoin

Dogecoin was one of the most popular cryptos to buy in 2021, fueled mostly by speculation and hype as one of the best memecoins on the market. After all, Elon Musk, the self-proclaimed Dogefather, frequently tweeted about Dogecoin, which contributed to the coin’s significant price increase. Dogecoin, for example, was selling for $0.004 at the start of 2021.
In May of the same year, Dogecoin reached highs of roughly $0.74 per token. This equates to returns of more than 18,000% in just five months. However, the price of Dogecoin has since plummeted, with its value reaching 52-week lows of approximately $0.049.

If Elon Musk adopts this cryptocurrency as a payment option for any products or services offered by his companies, namely SpaceX, Tesla, and Twitter, that would send the price of DOGE to the moon.

5. XRP

The price of XRP is withheld due to its legal battle with the SEC and the ongoing crisis in the market. As a cross-border payments project, XRP’s value is currently underappreciated.

XRP, the Ripple project’s native digital token, allows banks to execute cross-border payments at extremely low costs and transaction speeds of less than 5 seconds. This is true regardless of where the sender and receiver are located or which currency is being used for the transaction. If this project is implemented for its intended utility and becomes mainstream, which is very likely, the price of this undervalued asset will increase by leaps and bounds.

Also Read: Cardano vs XRP : Who Will Hit $1 in 2023?

Dhirendra is a writer, producer, and journalist who has worked in the media industry for more than 3 years. A technology enthusiast, a curious person who loves to research and know about things. When he is not working, you can find him reading and understanding the world through the lens of the Internet. Contact him at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.