As of May 2021, exactly 5,062 cryptocurrencies exist, which means that there are actually many options that need to be considered before investing. Usually people tend to be more focused on projects with the highest profile and excellent hype. There remain a lot of such cryptos that are actually worth more but lag behind due to a lack of attention, and we call such cryptos undervalued.
Undervalued cryptocurrencies are often expected to rise in the future. Hence, it is always advisable to invest in such currencies.
1. Dent (dent)
DENT tops our list of undervalued cryptos as they currently trade at $ 0.0078 and rank 114 in terms of market cap. The platform was launched in 2017 as a digital cellular operator to offer cellular data, plans and eSIM cards. It uses blockchain technology to create a global marketplace for mobile data liberalization. The all-time high reached in January 2018 at $ 0.098 with a 24-hour trading volume of more than $ 91 million. It is currently trading at a much lower price than its all-time high. Hence, it is an undervalued asset.
2. Merger (FSN)
FSN is another undervalued currency that is currently trading at $ 1.59. FSN has a market capitalization of more than $ 107 million. It had its all-time high in May 2018 at $ 11.13 with a 24-hour trading volume of $ 6.53,890. Fusion is a blockchain-based financial platform that offers cross-organizational, cross-data and cross-chain services with intelligent contracts. It uses Distributed Control Right Management as a security layer to protect the assets in the blockchain. This crypto is indeed one of the most undervalued currencies and its price could rise in the future to reach its real value.
3. Prometeus (PROM)
The current market price of PROM is $ 30.43, and it is another undervalued crypto as its all-time high in April 2021 was $ 100 and the 24-hour trading volume was more than $ 1 billion. Prometeus Network is a decentralized and secure ecosystem that was developed to solve data exchange problems. It is primarily designed for the insurance data market and influencer marketing industry.
4th ZKSwap (ZKS)
ZKS has a market rank of # 156 and is currently trading at $ 1.94. ZKSwap is a decentralized exchange that takes over the zk rollup technology and the automated market maker model. The protocol is based on Ethereum and aims to provide low latency and no gas fees to its users. The all-time high in February 2021 was $ 9.89 with a 24-hour trading volume of more than $ 1.32 billion.
5. Syscoin (SYS)
SYS is another undervalued cryptocurrency currently trading at $ 0.447 and ranks 183rd in terms of market capitalization. The all-time high in January 2018 was $ 0.889 with a 24-hour trading volume of more than $ 8.39 million. The price is expected to rise shortly to meet its intrinsic value. In particular, Syscoin is a platform that offers trustworthy interoperability that is scalable and secure. The third-party liquidity providers do not need to work with an ERC-20 token.