by Satavisa Patti
December 29, 2021
Here are the top 10 undervalued cryptocurrencies that will gain value in 2022
Currently, the cryptocurrency market is filled with more than thousands of currencies. All these currencies have emerged as an asset class that offers you an opportunity to invest and earn significant returns. Investors looking to enter the crypto verse have several questions to address – whether they want to buy a lot of one currency, split their money between two different cryptocurrencies, or participate in a multi-currency movement. Not all are equally desirable, here are the top 10 undervalued digital currencies set to gain value in 2022.
Cardano is one of the most popular and undervalued cryptocurrencies. Its current price is $2.26, and it has a market capitalization of over $72 billion. Cardano is a proof-of-stake blockchain platform that says its goal is to allow change-makers, innovators, and visionaries to create positive global change. On September 12, 2021, the Cardano Alonzo hard fork was officially launched, providing smart contract functionality on the blockchain.
Tether was originally launched in July 2014 as Realcoin, a Layer 2 crypto token created on top of the Bitcoin blockchain using the Omni platform, and was later renamed USTether, and finally USDT. Tether has a current price of $1.00 and a market capitalization of over $68 billion, and investors also believe that this undervalued cryptocurrency has great potential for the future.
XRP is the currency that runs on a digital payment platform called RippleNet, which sits on top of a distributed ledger database called the XRP Ledger. The current price of XRP is $1.06, with a market capitalization of around $50 billion. While the idea behind the Ripple payment platform was first articulated in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that the creation of Ripple began.
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USD Coin is one of the undervalued cryptocurrencies with better returns. Its current price is $0.9999, and its market value is $32,754,227,936. The stablecoin was originally launched on a limited basis in September 2018. Simply put, the US dollar mantra is digital money for the digital age – and stablecoins are designed for a world where cashless transactions are becoming more and more popular.
Everyone’s favorite Dogecoin is based on the popular internet meme Doge and features Shiba Inu on its logo. The open source digital currency was created by Billy Markus, Oregon, and Jackson Palmer. The current price of Dogecoin is $0.2435, with a market capitalization of $32,040,946,160.
Algorand is a decentralized, blockchain-based network that is self-sustaining and supports a wide range of applications. These systems are safe, scalable, and efficient, all of which are important characteristics for efficient real-world applications. The current price of Algorand is $1.19, and the market value is $11,808,483,712. If you are planning to invest in an affordable cryptocurrency, Algorand might be one.
Polygon (formerly Matic Network) is the first well-organized and easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular and flexible framework that supports the creation of multiple types of applications. The current price of Polygon is $1.30, and the market value is $8,700,193,396.
Theta (THETA) is a blockchain-powered network designed specifically for video streaming. Launched in March 2019, Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. Its current price is $6.74, and its market capitalization is $6,733,207,299.
Tezos is a blockchain network based on smart contracts, not unlike Ethereum. However, there is a big difference: Tezos aims to offer a more advanced infrastructure – which means it can evolve and improve over time without the risk of a hard fork. Its current price is 7.57 USD, and its market capitalization is 6,532,465.817 USD.
Fantom is a live graph smart contract (DAG) platform that provides decentralized finance (DeFi) services to developers using a custom consensus algorithm. Fantom, along with its in-house token FTM, aims to solve issues associated with smart contract platforms, specifically transaction speed, which the developers say they have reduced to less than two seconds. The current Fantom is priced at $2.23 and has a market value of $5,678,864,796.
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