Top 10 Undervalued Altcoins With Huge Growth Potential in 2022

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2022-01-09 04:51:46

There are a lot of undervalued altcoins on the market but they still have huge potential to pump in the future. Cheeky Crypto, a popular Youtube channel focusing on cryptocurrencies, has listed out the top 10 such cryptocurrencies. Check if those coins are already in your portfolio.

NuNet (NTX)

The first undervalued altcoin is NuNet (NTX). NuNet is the second project to start from SingularityNET and the first to launch from SingularityDAO Launchpad.

It is ranked 3601 by market capitalization and has huge growth potential. It has just been listed on the MEXC exchange, so still early is a great opportunity.

It’s a global economy of decentralized computing, and it already has a monopoly tied to Google and Amazon. As a result, users of NuNet can share and monetize their computing resources at scale to provide globally distributed computing power optimized for decentralized networks. It’s a great use case that helps NuNet grow in the future.

NuNet is trading at $0.08 with a market capitalization of just over $5 million.

NTX chart | Source: Coinmarketcap

VeChain (VET)

The second altcoin on the list is VeChain (VET). VeChain aims to use distributed governance technology and the Internet of Things (IoT) to create an ecosystem that solves massive data barriers for a variety of global industries from healthcare to energy, food products and beverages to sustainability and SDG goals.

By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which requires real-time and trustless data sharing between many people participate.

VET chart | Source: Coinmarketcap

There has been a fundamental change to VeChain and they have focused more on the industry. It is ranked at number 32 at press time, VET’s price is $0.07 and market cap is close to $5 billion.

Hedera (HBAR)

The third largest but still undervalued altcoin is Hedera (HBAR). Hedera is the most used sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful DApps.

It is designed to be a fairer, more efficient system, removing some of the limitations that older blockchain-based platforms had – such as slow performance and instability.

Hedera is ranked at number 34 with a market capitalization of $4.7 billion and changes hands at $0.26 at the moment.

HBAR chart | Source: Coinmarketcap

Avalanche (AVAX)

The next undervalued altcoin is Avalanche (AVAX). Avalanche is the fastest smart contract platform in the blockchain industry, measured in time to the end. Avalanche is super fast, low cost, and eco-friendly. Any application that supports smart contracts can outperform the competition by deploying on Avalanche.

They have a great team, great technology with low cost eco-friendly, that’s why Avalanche has huge growth potential in the future. It ranks 12th by market capitalization, trading at $81.72 and a market cap of almost $20 billion.

AVAX chart | Source: Coinmarketcap

Polkadot (DOT)

The next altcoin mentioned on the list is Polkadot (DOT). Polkadot is an open source fractional polyline protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transmission of any type of data or asset, not just tokens. message, thus allowing blockchains to interact with each other.

Polkadot is designed to provide the foundation for a decentralized blockchain network, also known as Web3.

DOT Chart | Source: Coinmarketcap

We will see more and more projects spring up on Polkadot, creating a large ecosystem with a lot of utilities for DOT. It ranks 9th with a market cap of nearly $24 billion and a change of $25.24.

SingularityDAO (SDAO)

The next altcoin to mention is SingularityDAO (DAO). SingularityDAO is a decentralized blockchain-based organization whose primary goal is to manage DynaSets, diverse baskets of crypto-assets dynamically managed by AI. Voting rights in SingularityDAO are granted by the SingularityDAO (SDAO) token.

This is a solid project with great project, great technology and great team always expecting big things. They also had a boot pedestal. We have every right to expect great things to happen with SDAO.

SDAO is trading at $1.31 at press time, the market cap is close to $39 million and ranks at 625.

SDAO chart | Source: Coinmarketcap

Chainlink (LINK)

Chainlink is the next undervalued type that gets mentioned in many listings. The Chainlink network is driven by a large open source community consisting of data providers, node operators, smart contract developers, researchers, security auditors, etc.

The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users who wish to contribute to the network.

Chainlink is currently trading at $24.54, a market cap of $11.5 billion, making it 17th.

LINK Chart | Source: Coinmarketcap

MultiVAC (MTV)

The next altcoin has a small market cap of $25 million. There are many benefits to be realized with MultiVAC. MultiVAC is an innovative sharding killer and pioneering flexible computing framework.

As a flexible and high-throughput public blockchain platform, MultiVAC has proposed an all-way sharding solution to increase the TPS of the blockchain, and MultiVAC is the first platform to propose a flexible computing framework, so developers can freely trade off between blockchains dilemmas on this framework.

It is changing hands at $0.007 and ranks 735th by market capitalization.

MTV Chart | Source: Coinmarketcap

Harmony (ONE)

Harmony is a blockchain platform designed to facilitate the creation and use of DApps. This network aims to innovate the way decentralized applications work by focusing on decentralized random state, enabling block generation in seconds.

ONE Chart | Source: Coinmarketcap

Harmony is undervalued but it still has a huge potential. ONE is trading at $0.3 and the market cap is over $3.5 billion. Harmony expects to introduce sharded cross-contracts and cross-chain infrastructure by the end of 2021.

Cardano (ADA)

Cardano is a proof-of-stake blockchain platform that says its goal is to enable “changers, innovators, and visionaries” to bring about positive change globally. Cardano is being built to cover multiple use cases, solving problems across multiple verticals such as education, retail, agriculture, government, finance, and healthcare. These utilities have created a large ecosystem, creating huge potential for Cardano.

It is currently hovering at $1.18 and the market cap is around $40 billion. ADA is rated 7.

ADA Chart | Source: Coinmarketcap


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