No products in the cart.
- Latest
- Trending
ADVERTISEMENT
These three can get 3-5 times the gain on the next Bull Run.
Chainlink adoption is growing, but prices are more than 80% off record highs.
Sandbox Metaverse is on a growth track, but prices remain declining.
Axie Infinity is trading at significantly lower prices, despite the fast-growing P2E gaming ecosystem.
The overall crypto market is significantly lower than it was at its peak in late 2021. Almost all cryptocurrencies are down 70% or more. In this situation, it’s easy to guess that all cryptocurrencies are undervalued.
However, not all of the 2018 amendments and the recent collapse of the top 100 cryptocurrencies that have been in the spotlight are underestimated. Some cryptocurrencies may simply be disproportionately blown away by the 2021 hype and will not recover.
That said, crypto gems exist and look very attractive to investors at current prices. Below are some of the most notable undervalued cryptocurrencies this year.
Chainlink LINK / USD is one of the cryptocurrencies that has gained an advantage in important market aspects. Chainlinks occupy more than half of the distributed data oracle space. If the increase in adoption is manageable, no competitor may abolish it, at least in the foreseeable future.
Despite this advantage, Chainlink is trading at record lows. Since last year’s high of $ 50, Chainlink is currently trading between $ 5 and $ 7. However, recruitment is on the rise, indicating that the intrinsic value of LINK is increasing.
Due to this value-price discrepancy, Chainlink could give investors an impressive ROI if the bulls regain the market.
The Metaverse was all the hype towards the end of 2021. But in the 2022 bear market, excitement seems to have diminished. That does not mean that no major progress has been made in this area. Play-2-Earning games and other aspects of the Metaverse are on a growth track.
Sandbox SAND / USD has seen an exponential increase in the number of games in the ecosystem since 2021. At the same time, Sandbox is recording growth in other aspects of the Metaverse, such as virtual concerts.
Despite these developments, SAND tokens are struggling to stay above $ 1 from the high of $ 8 in 2021. This shows how SAND is undervalued, especially given analysts’ forecasts for the $ 1 trillion Metaverse market by 2030.
Like the Sandbox, the Axie Infinity AXS / USD has recorded significant growth since its launch. It now has one of the most valuable NFT collections in the crypto market.
Despite the growth of Axie Infinity’s gaming ecosystem, AXS prices were hit hard in 2022 and are currently trading for less than $ 20. This discrepancy between price and the intrinsic value of the ever-growing Axie Infinity points to potential growth after the market turns bullish again.
In last week’s crypto rally, Axie Infinity rose 50%. This shows that AXS could be a big winner if the market turns bullish again.
