Introduction
As the cryptocurrency market continues to evolve, investors are faced with an abundance of options when it comes to choosing which cryptocurrencies to invest in. While some coins have seen massive growth over the past few years, others have been left behind and are considered undervalued. In this work, we have considered the top twelve undervalued crypto coins that you may consider having on your portfolio in 2023.
Top Twelve Undervalued Crypto Coins You Should Consider having on your portfolio in 2023
- Polkadot (DOT): Polkadot is a multi-chain network that allows for the seamless exchange of data and assets between different blockchain ecosystems. With a current market cap of $30 billion, Polkadot has a lot of room for growth and is considered undervalued compared to other players in the Defi space.
- Chainlink (LINK): Chainlink (LINK) is a decentralized oracle network that connects smart contracts with real-world data, enabling them to interact with external data sources, APIs, and payment systems. Chainlink has been experiencing steady growth and is considered undervalued compared to other DeFi projects. Hence, we find many investors today eager to buy Chainlink (LINK) due to its discounted price.
- Binance Coin (BNB): Binance Coin is the native token of the Binance exchange, and it provides users with a range of benefits such as reduced trading fees and access to exclusive promotions. With a current market cap of $66 billion, Binance Coin is considered undervalued compared to other exchange tokens.
- Cardano (ADA): Cardano is a blockchain platform that is designed to provide a more secure and scalable infrastructure for decentralized applications. With a current market cap of $30 billion, Cardano is considered undervalued compared to other smart contract platforms.
- Solana (SOL): Solana (SOL) is a blockchain platform that provides fast, secure, and low-cost transactions for decentralized applications (dApps) and other blockchain projects. With a market capitalization of $7.7 billion, the Solana coin is presently considered highly undervalued based on its past performance.
- Cosmos (ATOM): Cosmos is a decentralized network of independent blockchains, also known as a blockchain ecosystem, built on a technology called Tendermint Core. With a current market cap of $7 billion, Cosmos could be considered undervalued compared to other cross-chain solution coins.
- Dogecoin (DOGE): Dogecoin was created as a joke in 2013, but it has since become a popular cryptocurrency with a strong community of supporters. With a current market cap of $9 billion, Dogecoin is considered undervalued compared to other meme coins.
- VeChain (VET): VeChain is a blockchain platform that is designed to provide a secure and transparent supply chain solution for businesses. With a current market cap of $5 billion, VeChain is considered undervalued compared to other enterprise blockchain solutions.
- Uniswap (UNI): Uniswap is a decentralized exchange that enables users to trade cryptocurrencies without the need for an intermediary. With a current market cap of $10 billion, Uniswap is considered undervalued compared to other DeFi platforms.
- Aave (AAVE): Aave is a decentralized lending and borrowing platform that allows users to earn interest on their crypto assets. With a current market cap of $7 billion, Aave is considered undervalued compared to other DeFi platforms.
- Ethereum Classic (ETC): Ethereum Classic is a blockchain platform that is based on the original Ethereum blockchain and provides a more secure and decentralized infrastructure for decentralized applications. With a current market cap of $4 billion, Ethereum Classic is considered undervalued compared to other smart contract platforms.
- Compound (COMP): Compound is a decentralized lending and borrowing platform that allows users to earn interest on their crypto assets. With a current market cap of $4 billion, Compound is considered undervalued compared to other DeFi platforms.
In all, while many crypto coins such as those we have discussed could appear very promising, it is always very necessary for investors to understand the risks involved before making any investment.
