Most people are familiar with famous cryptocurrencies like bitcoin and Ethereum — but the crypto-verse has over 20 thousand coins to date. With many options available in the crypto market, it is natural to get confused about which cryptocurrencies to invest in.
While there is always risk in investing in cryptocurrencies — whether it’s a single coin or splitting your investment into multiple currencies — you can reduce risk and maximize profits by identifying undervalued cryptocurrencies.
While it may be too early to determine which undervalued cryptocurrency will maximize your returns, this video will cover potentially undervalued cryptocurrencies. Be sure to watch this video all the way through, because the crypto we are going to talk about in this video will help you make an informed decision.
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#1: Near Protocol
The first undervalued Altcoin gem with massive potential that we are going to discuss is Near Protocol.
Near Protocol is a smart contract-capable blockchain that aims to be the next-generation platform for D-apps, complete with its own scaling mechanism. Smart contract-capable blockchains aren’t a new concept. They’ve been around since the Ethereum Mainnet was launched in 2015.
Today, there are over a dozen comparable platforms in operation. Despite the fast-expanding demand for decentralized applications and the development of increasingly complex and capable D-apps, adoption is still hampered by a number of fundamental roadblocks.
Near Protocol is a newcomer that aims to address the shortcomings of existing systems with a community-governed sharded blockchain platform that prioritizes interoperability and scalability.
Near Protocol is a decentralized development platform that aims to provide the best possible environment for D-apps by eliminating some of the shortcomings of competing systems, such as limited throughput, slow performance, and poor cross-compatibility.
NEAR has sprung rapidly to the list of top 20 cryptocurrencies, but it is still extremely early on in its development. It’s a good idea to keep an eye on its progression before making a large investment.
However, the signs are telling so far, and NEAR looks set to cement its position if it continues to execute. To illustrate, none of this existed four years ago. NEAR transformed from a small team in an office in San Francisco to where it is now. Adoption has sped up at an incredible pace, and the statistics from a recent presentation are encouraging. This includes More than 40 million total transactions, more than 1 million accounts on the network, more than 1,000 people building on the NEAR Protocol monthly, more than 200 ongoing projects, more than 200 decentralized autonomous organizations, and the token has the potential to produce outsized returns and become one of the best Web 3.0 cryptocurrencies to buy.
#2: Hex
The next one is Hex.
Yes, we talk about HEX, PulseChain, and PulseX a lot on this channel, but the reason why we talk about them is that we are bullish on them.
At the time of this recording, the chart is bullish and going against the market.
That means there are more buyers than sellers right now.
Hex is recovering very well from the recent losses, which affected the entire cryptocurrency market. It gained 10% today and this is just the beginning.
In our opinion, Hex crypto (HEX) is among the most interesting and exploitable cryptos in the year 2022.
HEX is going to explode. With the ongoing developments within the HEX ecosystem, as well as the crypto market as a whole, we could see HEX reach new heights. The bullish price forecast for HEX is $0.5.
The reason why Hex is so special is that more people are buying, staking and locking Hex now than ever before, the average staking period is six years. That's absolutely crazy for a project. A brand-new documentary will be released early this year. Richard Heart is literally investing millions and millions of dollars in marketing.
In our opinion, it's a project that makes sense. With Hex, you own your own pieces. You have total control. There are no third parties. Everything has worked very well with this project. What you get with Hex, however, is volatility. So, consider buying at least a few coins before it starts its new bullish run to its ATH.
#3: Kadena
The next up is Kadena.
Kadena has advanced from $1.49 to $1.88 since the beginning of July, and the current price stands at $1.76.
Technically looking, the risk of another decline is not over, but if the price jumps above the resistance that stands at $2, the next price target could be at $2.5.
For those who don't know, Kadena is a platform that was designed to unite public applications, private blockchains, and other interoperable chains in one place, driving traffic to the high-bandwidth computer at the heart of the Kadena public chain.
Unlike other platforms, Kadena is designed to power global financial systems, and according to the official website, Kadena is the only platform that offers a complete decentralized infrastructure.
Kadena makes blockchain work for everyone and allows businesses to eliminate all transaction fees for their customers, thus removing a key barrier to the mass adoption of dApps.
It is also important to say that ecosystem of this project provides the security of Bitcoin, unparalleled throughput, smarter contracts, and virtually free gas. While Ethereum is a good smart contract platform, it has its limitations and challenges. For example, it is one of the slowest smart contracts in the market today. It can process less than 20 transactions per second. Its transactions are also relatively expensive.
With all this, in our opinion, Kadena deserves its place on our list of underrated projects with massive potential.
#4: Polkastarter
Polkastarter is a blockchain-based platform that was created to help out with launching cross-chain token pools and auctions. The project aims to help early-stage blockchain projects that aim to raise capital and get their tokens into circulation in the most efficient way possible. The platform believes that interoperability is crucial for achieving that.
The project offers cheap transactions, high security, ultra-fast swaps, user-friendly design, and the possibility to easily buy and move assets between different chains, which opens up new opportunities, access to major existing communities, and similar benefits that new projects should not miss out on.
Potentially. Experts certainly seem to think the coin will continue to go up in the long term.
It is important to understand, however, that cryptocurrencies are highly volatile assets, and that analysts’ forecasts can often be wrong. You should always carry out your own research before making any investment.
And, Yes, if you buy a large enough sum of it. Do not expect to invest $100 and become a Polkastarter millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Polkastarter could make you a millionaire.
#5: Splinterlands
The last one is Splinterlands.
Splinterlands (SPS) is a digital trading card game where each card is a collectible NFT. The game has become the leading decentralized application (Dapp) game, attracting both users and a solid revenue stream, even as other players, such as Axie Infinity (AXS), in the Web3 space continue to struggle.
In Splinterlands, players collect, trade, and battle in the game, engaging in entertaining and value-adding activities.
The blockchain-based game is so huge that it records 250,000 to 450,000 active users daily, 10-12 million battles, and three to five million daily transactions.
In addition to those striking statistics, Splinterlands has been proactive in releasing new updates and developing and interacting with its community of users, among other notable factors that merit the gaming platform for the top position in the blockchain gaming arena.
Splinterlands has an established team of developers, a brand name in Crypto Gaming, and a reasonably big loyal player base. The safest assumption to take is that Splinterlands will be around for many years to come.
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