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The goal of just about everyone that invests in crypto or stocks is to find an undervalued asset that they’re able to extract profit from. However, finding the most undervalued crypto projects requires a huge amount of research and can be rather difficult.
Throughout this guide, we’ll be taking a look at 9 of the most undervalued crypto projects that can be purchased right now, discussing what makes a project undervalued, and explaining where to find the most undervalued cryptocurrencies in 2022. Let’s get started.
The 9 Most Undervalued Cryptos to Buy Today
Below we’ve rounded up a few of the top undervalued cryptocurrencies that have the potential to explode over the coming months. The projects we’re looking at offer a wide variety of use cases and comprise some of the top cryptos with the most potential in 2022.
- Tamadoge – Overall Most Undervalued Crypto to Buy in 2022
- Battle Infinity – Low-Cost P2E DeFi Coin with Huge Potential
- Lucky Block – NFT Competition Platform Constantly Announcing New Features
- Chainlink – Data-Driven Crypto Project Packed with Intrinsic Value
- XRP – Transactional Cryptocurrency Held Under Water by Legal Issues
- FTT – Token Created by Rapidly Growing Crypto Exchange
- Quant – Project Created to Facilitate Interoperability Between Blockchains
- Basic Attention Token – Crypto Project Reshaping Online Advertising
- Cardano – Popular Crypto Project Building a Secure Smart Contract Ecosystem
Analyzing The Most Undervalued Crypto Coins
We’ve taken a quick look at each, so now it’s time we delve into our reviews of the most undervalued cryptocurrencies in 2022.
1. Tamadoge – Overall Most Undervalued Crypto to Buy
The number one most undervalued cryptocurrency we’ve come across is the NFT-based play-to-earn (P2E) game and meme coin Tamadoge (TAMA). Already a successful project, it’s likely that TAMA will grow in value significantly over the coming months as the project’s features slowly get rolled out.
Tamadoge has already cemented itself as a massively popular and undervalued crypto. The project sold out its presale far ahead of schedule raising an impressive $19 million. For its initial exchange offering (IEO), TAMA was listed on tier-1 exchange OKX as well as the OKX decentralized exchange (DEX), cementing its status as one of the year’s best crypto presales.
The project centers around a P2E game based in the Tamaverse (the Tamadoge Metaverse). Within this virtual world, players are able to explore and see their 3D-animated Tamadoge pets. In order to facilitate easy trading and upgrading, each pet takes the form of an NFT (minting starts Q4 2022).
Each pet NFT can be ranked up using items available from the Tamadoge store including cosmetics, food, and toys. By improving a pet’s level, its holder can earn Dogepoints, boosting their ranking on the in-game leaderboard. The higher a player ranks in the leaderboard, the larger the share of the rewards pool they’re entitled to.
In contrast to even the best meme coins, Tamadoge features a small fixed supply of just 2 billion tokens. The supply is split as follows, 50% was allocated to the presale, 30% was reserved to fund the project’s continued development on a 10-year vesting schedule, and the remaining 20% has been reserved for exchange liquidity.
Tamadoge is in an excellent place. It has just been listed on the OKX exchange as well as the OKX DEX (available to US residents). Therefore, we’ll be able to witness the growth of TAMA firsthand as it roles out core features like Tamadoge pets and the Tamaverse. Check out the TAMA Telegram today and prepare for the next big announcement.
2. Battle Infinity – Low-Cost P2E DeFi Coin with Huge Potential
Battle Infinity (IBAT) is an ecosystem consisting of a blend of DeFi and P2E features that combine to provide users with an all-in-one crypto platform.
Battle Infinity managed to blow expectations out of the water during its presale becoming one of the best cryptos to buy in 2022. The project raised 16,500 BNB in just 25 days, selling out a massive 65 days early. Following its presale, the IBAT token was listed on the PancakeSwap DEX and went on to near-instantly increase in value by close to 400% making early investors very happy.
The ecosystem consists of a fantasy sports league, a collection of player-against-player P2E games, a propriety DEX, an NFT marketplace, a fantasy sports league, and a dedicated staking platform. While the majority of these features are expected to progressively release over the coming months, the staking platform went live on September 24th, being met with widespread praise.
Players will be able to join the IBAT fantasy sports league by purchasing an NFT pass that provides them with funding to build a team. Winning passes can then be sold on the in-built NFT marketplace to be easily cashed out for crypto.
The IBAT uses Binance’s BEP-20 standard and boasts an adjustable tax. As such, the token can be easily bought, sold, and traded with minimal cost, paving the way for further listings on both centralized and decentralized exchanges.
The Battle Infinity ecosystem has been generating a lot of buzz, and for good reason. It contains a huge range of features likely to appeal to a large portion of crypto enthusiasts. With the price of IBAT still low as its features are in the process of being released, it could be the most undervalued crypto for 2022 alongside Tamadoge.
3. Lucky Block – NFT Competition Platform Constantly Announcing New Features
Next on our list of the most undervalued cryptocurrencies in 2022 is the world’s number one NFT competition platform, Lucky Block (LBLOCK). This project has been around for a touch longer than TAMA and IBAT but that doesn’t make it any less of a gem.
One of the 13 best NFT projects. the Lucky Block platform enables people to enter exciting prize draws with huge potential prizes, some of the most notable including $1 million in Bitcoin, a $1 million luxury home, and a real-life Lamborghini valued at around $300,000.
Lucky Block uses uniquely numbered and designed NFTs linked to specific competitions and available from Launchpad.xyz as an entry ticket. This ensures that drawings are verifiable and transparent. The cost of each NFT is linked to the potential jackpot, meaning there’s something for everyone. Additionally, each NFT entitles the holder to daily rewards even after a competition has ended.
In late July, Lucky Block transitioned from the BEP-20 to the ERC-20 standard, creating LBLOCK V1 (BEP) and LBLOCK V2 (ERC).
While this allowed the project to be listed on centralized exchanges like MEXC and Gate.io, boosting demand, it also divided the community. However, on October 3rd the bridge allowing users to swap V1 LBLOCK for its V2 counterpart will be released. This will likely help the adoption of LBLOCK in a big way, boosting demand and consequently price.
Lucky Block is one of the top 10 new cryptocurrency projects on the market. It has immense potential for growth and with the team constantly working to add utility and features, the future looks incredibly bright for Lucky Block.
4. Chainlink – Data-Driven Crypto Project Packed with Intrinsic Value
Chainlink (LINK) is a favorite among investors looking for the best future cryptocurrency projects. The project was created as a way to implement data gathered off-chain into on-chain projects. This has massively opened up what’s possible in the world of crypto and web3.
With Chainlink offering such an in-demand service, it should be of little surprise that the project has been picked up a plethora of high-profile entities including Aave, Polygon, and even Google Cloud. Thanks to its first-mover status and its long list of established partnerships, the project is likely to continue growing for the foreseeable future.
Chainlink is one of the most impressive crypto projects on the market right now. It offers investors a huge amount of intrinsic value at a comparatively low cost compared to the token’s previous highs. Being one of the best altcoins available right now, it’s well worth keeping an eye on LINK throughout the coming months.
5. XRP – Transactional Cryptocurrency Held Under Water by Legal Issues
Created by David Schwartz and Jeb McCaleb, XRP is a transactional cryptocurrency focused on creating a simple, low-cost, and energy-efficient solution for internal money transfers and currency conversion. While Schwartz and McCaleb later formed Ripple Labs to boost the XRP ecosystem and build use cases, it’s a common misconception that Ripple created XRP.
While XRP has cemented itself as a transactional powerhouse through tactical partnerships with a number of well-regarded institutions like the Bank of America, the project has since expanded its goals. In 2021, the XRP Ledger (XRPL) was launched, giving the network smart contract functionality and allowing new applications to be created using the XRP network.
While XRP has proven itself as a strong asset, a recent lawsuit from the Securities and Exchange Commission (SEC) has led to doubt among some investors. While we’ll have to wait and see how things play out, it seems likely that XRP will make it out the other side largely unscathed, making XRP one of the top cryptos to watch right now.
6. FTT – Token Created by Rapidly Growing Crypto Exchange
Next up is the native token of the FTX exchange, FTT. Helmed by Sam Bankman-Fried, the FTX crypto exchange has gone from strength to strength, quickly becoming a go-to platform for many investors. As a result, FTT has enjoyed a fair bit of growth. Even today, the price of FTT remains strong despite the current market conditions thanks to buy-backs orchestrated by FTX.
The token has a multitude of uses within the FTX ecosystem. While it was initially created to provide users with discounted trading fees, it can now be used for staking, as collateral for margin trading, and to provide holders with access to IEO projects exclusive to FTX. Expanding the token’s use case was a great move and helped to increase the value of FTT substantially.
Even today, FTX remains one of the fastest-growing exchanges on the planet. As a result, it seems likely that FTT could continue growing for the foreseeable future. While the value of the token is very much tied to the success of the exchange, as long as nothing unexpected occurs, FTT could be the most undervalued crypto for 2022.
7. Quant – Project Created to Facilitate Interoperability Between Blockchains
Quant (QNT) is one of the most undervalued crypto projects and one of the overall top interoperability-focused cryptocurrencies available. The project enjoyed huge success in 2021, increasing in value by almost a factor of 10 before falling back to earth alongside the collapse of the crypto market.
Since the invention of altcoins, it has been difficult to make different blockchains work together. This issue gives rise to architecture standards like Ethereum’s ERC. However, Quant has taken a different approach, using a blockchain-based operating system known as Overledger to allow different blockchains to work with one another.
With QNT’s impressive performance in 2021, there’s a clear demand for the project. In order to use the Overledger, an application must own a certain amount of QNT, boosting demand further as the project’s adoption increases. With this in mind, the project is surely one of the most undervalued cryptocurrencies in 2022.
8. Basic Attention Token – Crypto Project Reshaping Online Advertising
Perhaps the best-undervalued cryptocurrency for 2022 within the advertising space is the native cryptocurrency of the Brave browser, the Basic Attention Token (BAT). One half of the BAT ecosystem, the Brave browser is a privacy-focused web browser with a built-in ad blocker.
The token is used to reward people browsing the web for the advertisements they see, boosting engagement between adversities and users. Furthermore, the BAT concept has enabled advertisers to get a far greater return on their ad spend than would be possible using other platforms.
The Brave browser has been gaining a large number of users as of recent thanks to its innovation and improvements to a service used by nearly every internet user on the planet. Although the future price of BAT will be heavily linked to the success of the Brave browser, things are looking promising for this interesting project.
9. Cardano – Popular Crypto Project Building a Secure Smart Contract Ecosystem
Rounding off our list of the most undervalued crypto projects is Charles Hoskinson’s Cardano (ADA). While the token was launched in 2017, it packed up traction in 2021 as an alternative to Ethereum eventually climbing to an all-time high of around $3.10.
The project was designed as a heavily decentralized and secure blockchain and has been successful on this front. Cardano was one of the first large-cap cryptocurrencies to implement the proof-of-stake (PoS) consensus mechanism that has now been picked up by post-merge Ethereum.
While many investors aren’t a fan of the time it takes for Hoskinson to fulfill his goals, it seems logical that it’s better for updates to take a while rather than be rushed and insecure. As it stands today, Cardano is one of the largest cryptocurrencies on the market, and with a loyal community, it’s unlikely for this status to fade anytime soon.
What Makes a Cryptocurrency Undervalued?
While it’s true that ‘undervalued’ will be a subjective term, the majority of investors will likely be able to agree on a few key attributes that make a cryptocurrency undervalued. Typically, if an asset has greater intrinsic value than perceived value, it can be considered undervalued.
Intrinsic value simply refers to a project’s utility. For example, if a certain cryptocurrency provides a service that is actually needed within the industry, it will always have a utilitarian demand, helping to bolster its value regardless of the current market conditions.
On the other hand, perceived value is what investors believe an asset is worth. This is influenced in a large part by hype and buyer sentiment. As such, once things start going awry perceived value tends to melt away as the interest in an asset declines.
How to Find Undervalued Crypto
There are a plethora of techniques that can be utilized to find the top undervalued cryptocurrencies. We’ll be sharing a few of the most powerful.
Analyze Price During Market Downturns
Although it might seem counterproductive, looking for undervalued assets during periods of negative growth can be a great way to find some low-cap crypto gems. When the market is suffering, overvalued assets will likely decline faster or to greater proportions. However, undervalued assets will remain strong and decline comparatively less despite the macroeconomic conditions.
Search for Trending Projects
Websites like CoinMarketCap are packed with statistics on almost every cryptocurrency on the market. Searching these platforms for projects that have been trending or experiencing increased volume for longer periods of time can be a big help when it comes to finding undervalued crypto for 2022.
However, it’s important to look at the price history to ensure that an asset hasn’t experienced a recent pump that could have pushed it into overvalued territory.
Compare an Asset to Similar Projects
While this method isn’t perfect, it can be a great way to figure out which projects are undervalued when the proper research is done. Comparing the value of one asset to another similar project can be helpful but it’s crucial that both projects fulfill very similar objectives, have similar statistics, and have similar tokenomics.
Look for Projects with Ample Intrinsic Value
Naturally, looking for a project packed with intrinsic value and utility is a large part of finding undervalued projects. If an asset is priced cheaply when considering its function, then it could make for a good long term crypto investment. Conversely, just because an asset is cheap doesn’t mean it’s a good investment, must also provide ample value for its target audience.
Throughout this article, we’ve taken a look at 9 of the most undervalued crypto projects available to purchase right now, discussed what makes an asset undervalued, and provided a few techniques that can be used to find undervalued assets. While each of the projects we’ve mentioned is strong, throughout our research we noticed that one, in particular, has huge room for growth.
Tamadoge is a play-to-earn gaming meme coin that has big plans for the future. The project recently sold out its presale before getting listed on the huge OKX exchange. With demand about to surge as a result of the listing, there’s no better time to check out Tamadoge.
What is the most undervalued cryptocurrency?
Although each of the projects we reviewed in this list can be considered undervalued, a couple of cryptos showed huge room for growth. Both Tamadoge and Battle Infinity seem primed to take off as core functionality begins to get rolled out, making both worthy of consideration.
How do I tell if a cryptocurrency is undervalued?
There is a large variety of factors that affect whether an asset can be dubbed undervalued. However, in short, if an asset offers more intrinsic value than it has perceived value, it can be considered undervalued and could make for a solid investment (as long as its fundamentals are sound).
Which crypto will boom in 2022?
It’s impossible to predict which projects will explode with 100% accuracy. However, Tamadoge will soon begin its centralized exchange listing campaign shortly alongside the rollout of its core features like the Tamaverse and NFT-based pets, meaning it could experience a surge in demand in the near future.