Despite the less-than-ideal market conditions, crypto investors still have some opportunities. Though there is less capital flowing in than during the height of the crypto bull run, those that do their due diligence and take a long-term view of the sector could still find potential gems. All things considered, crypto investing isn’t off the table, and investors can find some top-quality undervalued cryptos to wager on for the long haul.
It’s no surprise that with the fallout of FTX, many investors are feeling a bit anxious about the future. However, while it appears an unsettling trend is emerging, we should take comfort in knowing that in reaction to recent events, there is an abundance of undervalued cryptos on the market to pick from. The silver lining here is that for those willing to get creative and look carefully through the ever-changing landscape of crypto projects, there could be tremendous potential for growth.
Undervalued Cryptos: Polygon (MATIC)
Polygon (MATIC-USD) is a blockchain project focused on creating a robust, fully-fledged ecosystem for Ethereum (ETH-USD). It’s a unique scaling solution that runs parallel to the Ethereum chain, effectively lowering transaction fees and increasing throughput.
Moreover, Polygon allows users the opportunity to access the whole range of blockchain protocols without incurring extra fees. With its robust speed and accessibility plus the added advantage of being more affordable than other cryptocurrencies, Polygon emerges as a strong contender in the crypto space.
Ethereum’s highly anticipated merge couldn’t dramatically increase its transactions per second (TPS), among other functional metrics. Since the merge has already taken place and TPS remains relatively low, Polygon will continue to have real-world utility in the crypto space. Therefore, it still has a healthy long-term growth runway ahead.
Decentraland (MANA-USD) is a virtual world powered by the Ethereum blockchain. From creating a digital home or business to investing in land within the platform, the opportunities are endless within the sphere. To give investors a sense of the platform’s popularity, a patch of a virtual estate within Decentraland sold for a whopping $2.4 million in November last year.
The metaverse is an incredibly promising emerging trend that has the potential to revolutionize the way we interact in the digital world. According to Strategic Market Research, this market is estimated to be worth $47.5 billion this year. It is likely to grow to a staggering $679 billion by 2030, making it a booming growth sector.
Decentraland is one innovator keen to capitalize on this rich opportunity, offering a superb platform for developers. It’s no wonder experts are predicting huge growth potential for the platform.
Undervalued Cryptos: Curve (CRV)
Curve (CRV-USD) has been gaining plenty of traction of late. Despite the downtrend in most cryptocurrencies, CRV has proven its resilience as a governance token for the popular decentralized exchange called Curve.
CRV is an attractive option for investors because it’s currently trading near its lowest levels, presenting them with a robust risk-reward ratio. The coin’s trading volume and popularity have steadily increased, indicating long-term investor confidence in the token.
Curve’s long-term road map is impressive, allowing users to have confidence in the stability and future value of the altcoin. The amount of CRV held in centralized wallets has shot up by more than 70%. This level of liquidity brings more safety to those trading it, despite the market volatility. Curve has created unprecedented liquidity, and I think its roadmap should further enhance its value proposition.