The Most Undervalued Cryptocurrency to Buy in 2022
If you are looking to invest in a crypto asset, here are the top four undervalued cryptocurrencies to buy in 2022. These include ATOM, COSMOS, Ripple, and Algorand.
These are not the only cryptocurrencies to consider, though. Check out our article for more information. We also highlight some other hot coins.
COSMOS
When looking for an undervalued coin, look for one that solves a real-world problem. For instance, Bitcoin addresses the problems of fiat currency while Ethereum offers smart contract functionality.
Another good example is Cosmos, which will solve the problem of blockchain interoperability. Venture capitalists and big off-chain brands do extensive research before investing in a new coin. While virtual currencies are highly volatile, their returns can be insane.
Enj had a good year in 2021, reaching a high of $4.82 in November 2021. However, the value of ENJ did not continue upwards into 2022.
It plunged nearly 65% from its November 2021 high and now trades at just over $1. However, if developers complete their timeline objectives, its value could skyrocket.
ATOM
The most undervalued cryptocurrency to buy in 2022 is Atom. This digital asset is quickly gaining popularity with its fair lottery games.
This currency is built on top blockchain protocols and uses smart contracts for investment tracking. The technology is available as both a desktop and mobile application. It will likely skyrocket in value this year.
As a warning: virtual currencies are extremely volatile, so only invest with the amount of money you can afford to lose. If you want to maximize your investment in ATOM, you need to be aware of the risks involved.
If you invest too much money, you can lose it all. You should use the same caution with other virtual currencies as well.
Ripple
As we enter the second half of 2018, we have seen a few predictions for cryptocurrencies that will see some serious growth. Ripple, Bitcoin, and Ethereum all seek to improve fiat currency, while Cosmos solves the interoperability issue.
Before investing in a coin, venture capitalists and off-chain brands do extensive research. After all, they are risking capital, so investing in cryptocurrency should be done with caution.
While Bitcoin remains the most expensive and most volatile crypto asset, Ripple is the most undervalued one to buy in 2022. Both are highly volatile and put your capital at risk.
It may be tempting to buy Bitcoin now, but it's important to keep in mind that you can't make a profit until it reaches the value of its peers.
You can also consider purchasing Lucky Block, which will launch in early 2022. It's currently a small market cap, so you can get in at a great price.
Algorand
If you are looking for the best crypto to buy in 2022, consider Algorand. Compared to other popular cryptocurrencies, this one has a relatively young ecosystem and a carbon-negative status. Its price has doubled or tripled since its launch in June 2019, but it still has room for further growth.
In addition, it's worth noting that Algorand's ecosystem is quite small compared to the many blockchains that are currently on the market. Algorand has its own digital assets minter and a decentralized exchange, but it has yet to release any trendy NFT collections.
Its price is expected to keep rising in 2022 as its network grows and it releases a stable coin in the near future. Its potential as a crypto investment is boosted by recent announcements, including a $100 million deal with the Drone Racing League.
It also plans to develop new technologies such as a dApp hub and a bridge to Ethereum compatibility, which will help it attract much-needed liquidity.
Chainlink
Whether Chainlink is the most undervalued cryptocurrency or not depends on the reason you want to invest. Undervalued coins tend to be those that address real-world problems. For instance, Bitcoin seeks to fix the issues with fiat currency, Ethereum provides a platform for smart contracts, and Cosmos aims to solve the problem of blockchain interoperability.
Big off-chain brands and venture capitalists do their homework before investing in a new coin. This is because virtual currencies are volatile and capital is at risk.
While Chainlink's price has fallen from its high of $52 to seven cents in June, there is still a long way to go for this digital currency. Its utility continues to be a factor, and it's expected to grow with Dapps.
If you want to invest in 2022's hot cryptocurrencies, consider Chainlink. While it may not be worth that much today, its price will continue to rise as more people start using it.