Topic: Which coins are undervalued in 2024? - page 3. (Read 489 times)

Also its on the right path to attain full legal clarity. I hope SEC and Ripple will fully settle thier differences before this ALT season

Hm yes. I hold some xrp and I really believe it has the potential to grow more. Right now I see many criticisms against it but I think in the bull run, holders of xrp will be very happy.

I use it for daily transactions and it has a significantly lower transaction fees compared to other altcoins. It’s definitely good for daily transactions due to its speed and liquidity.

I guess one is with Real World Assets or RWA Narrative and also with AI projects. These are new concept which are currently growing more acknowledgement from people in web 3.0 but there should be more if you would look deeper on these projects. Some are focused with Finance and some are with real estate properties on the blockchain. On a wider persepective, innovation and longevity for these projects are just big. I am spotting some actually, on the past months and I am getting excited on how big these projects wil become.
Been with several issues which is why it is not getting the recognition other coins like Solana and Arbitrum are getting at this point. If Litecoin is really that promising, it will just come to its growth. Well, not to close the doors for this coin's future but if you see such coin being listed for long, and it is still not getting the hype you expect, there is definitely a reason behind it.

I completely agree with your analysis that FIL. UNI, GRT and ATOM coins are significantly undervalued compared to their historical price in 2021 during the bullish market when Bitcoin reached previous ATH of $69,000 approximately. These coins have not shown their real color after the halving event of 2024. Even the Ethereum has not yet  surpassed its previous ATH of around $4878.

It is hoped that all these alt coin including Ethereum will exceed their previous all time high (ATH) in the next anticipated upcoming bullish market.

it would need another marketing for the project to be exposed to new investors in crypto. migration and new ticker seem to have become a new scam already in crypto, it would appear that old investors who kept their token as is will be left behind. they could only hope migration has no expiry date.

I've seen enough of this migration off the team's decision. i myself have held some tokens in the past where they became useless after 3 years i realized it's not anymore on the list in kraken. 

IMHO, any of them are undervalued right now. But the hype and trend will start to come back with these altcoins that will be filed with an ETF spot.

I guess that it's what the people will be flocking in when the institutions start to rampant with their applications to the next ones after BTC/ETH etf has been made.

And with the rumors in the circulation, the two possible next ones could be xrp and sol.

There are many Altcoins that are undervalued if we look at their all-time highs (ATH). GNT is a good project, but I am not focusing on it because this time the market trend is more towards AI coins, so my focus is on AI coins. In my opinion, AI coins will perform better in this bull run, and some meme coins will also perform well. However, in the last 6 years, I have seen that there have been many changes in the market. Nowadays, new investors focus more on new projects because they have more potential to give a good return on investment (ROI). I observed that many good altcoins couldn't perform well in the last bull run. People showed more faith in meme coins in the last bull run, and this time I think it is the turn of AI altcoins. Some undervalued coins, according to my analysis, are Link, Cardano, Matic, and Solana.

so many layer 2 coins are undervalued, because there are many of other projects creating the same exact thing, but if you think about it.
ethereum recent upgrade actually helps incentivizes the layer 2 with the cheaper transaction, right now sending transactions on layer 2 only requires a few cent and thats it.
same thing happened with the layer 2 of bitcoin there has been many of such thing appear, such as stacks, merlin, and so on.
these are good investment if you think bitcoin could climb up since they are bitcoin layer 2 then surely they gonna follow bitcoin footsteps.
but whether the impact gonna be big we don't know.
there are new narrative about rwa but honestly i will just stick with the layer 2 from the time being.

If I think about the coins that are undervalued in price compared to the value they can offer than the first one that comes to my mind is Near protocal. They are already a huge platform yet it's not reflected in the price. The supply is much larger than other popular utility token like solana but if solana can be 160, Near should at least be around 40.
Another coin that comes to mind is Arbitrum. They are the fastest growing L2 network and their price is still around $1, they too have a potential to reach $10 soon.

For me it's ATOM, I quite like their growth and the position they maintain in the market. But to be fair, competition in the altcoin space is getting bigger, so there will be many competitors, but also accept that there will be times when it will also receive more attention, just trust and patience for it.

Also I always say that bitcoin is still undervalued because one day when talking about the current price of bitcoin people who know about it will feel regret that they didn't buy it.

I have heard many times that there are many coins in altcoins that are considered undervalued and did not last long in the market. But I cannot say exactly which currency is considered undervalued. Litecoin's price is so low that many investors expected its value to rise. But no one got good profit its price is very low. It is important to check the specific requirements to determine before investing.

I have been wondering too what exactly should I consider undervalued coin but it seems I don't even have enough knowledge about this altcoins to consider them undervalued.

I see a lot of people are seeing the undervalued in terms of the price to what they expect but it's in my perspective what coin people do not see it's valued or usefulness for the main time whereas they are going to be very important in future, I might be wrong though!

I don’t think the memecoin craze will go away anytime soon. I mean just look at the top coins right now. A lot of them are memecoins. It’s starting to seem like the line between memecoins and other altcoins are blurring. As long as people are profiting off of memecoins, theynare going to continue to create more and more.

Especially now with the bull run, there would definitely be an increase of memecoins in the market.

Coins that end up being listed on Binance, usually experience a huge "pump" in market prices. I believe the same will happen with the token you've mentioned recently. For short-terms gains, I'd say it's worth it. If the project is able to provide real use cases to the world, it will last a lifetime. Innovation is something developers need to consider if they want their project to stand out from the rest of the crowd. People are focused on making money these days, so they will only choose coins that are following the hype.

Expect to see many undervalued coins being left behind in the dust, as investors move on to the next big thing in crypto. Maybe there's a chance coins like Litecoin and Elastic will rise all the way to the moon? Only time will tell. Just remember to diversify your investment, and there should be nothing to worry about.

I would advise to have a look at $PROM coin.
It is now around $10 and even when the bitcoin was going down $PROM never lost much value.

I also believe this coin is undervalued because it is running a testnet and will be transitioning to mainnet soon.
I expect at least 2x when the mainnet launches, because they have a huge number of interesting partnerships and integrations.
Prom Network is kinda unique in this situation, because the token is already listed on Binance, so the mainnet launch does not imply TGE, which already happened quite a while back.

So they are running the Testnet with all the usual testnet activities like claiming test $PROM from the faucet, minting NFTs and making transfers and so far it all looks well and gonna be even better upon mainnet launch.

And even better news - the Prom Testnet Campaign will award airdrop, but the tokens people will receive for testing the testnet will be forever locked for internal use - meaning that people will not be able to transfer them to exchanges and dump them on the market crashing the price.
Therefore long term holders of $PROM will be completely safe from this airdrop. In case you are wondering what's the purpose of such airdrop I would need to exlain that this has to do with PROM DAO which allows any Prom holder to vote, so in simple words - these aidropped tokens will be used for voting and thus generate additional revenue to the owners.

So I believe the token is undervalued and has great potential, because it has been trading on Binance for quite a long time, not many people know about it and even less people know that they are transitioning to their own mainnet very soon.

That's because most of them are dead. Especially Elastic (XEL). It's no longer listed on CoinMarketCap. Golem switched to a new token under the "GLM" ticker. Existing GNT holders should migrate to GLM as soon as possible. I believe the Golem project is underrated with GLM having a hard time reaching a new ATH in price. The project's concept is interesting. But without mainstream demand, it will ultimately fail.

There are many hidden gems on the market that could "blossom" someday. The odds are slim, but who knows? You might get lucky someday. Hopefully, the industry moves away from the "meme" coins craze into what matters most. As long as the utilitarian aspect of crypto is prioritized, there should be nothing to worry about.

I've seen litecoin in the past and it was one of the projects that I truly like. For Dogecoin, I don't think it is undervalued. The market of meme coins has grown so much that there are thousands if not millions are there already. But staying with Litecoin, it's hard to say whether it will be up again because of the bull run because if not, this might be the second bull run that it will not move a lot despite that being one of the oldest projects out there in the market.

Of course that's exactly right. ETH's price will most likely be even higher after the ETH ETF is accepted and this will provide an extraordinary sense of enthusiasm for investors, I even heard it reached 8K. Yes. Until now, ETH is still in the category of the best investment after BTC.

For the layer 2 solution providers on Ethereum, they are very much undervalued, I might be a little doubtful whether they will also be exposed as the price of ETH increases in the future.

Well, for me, the term undervalued in the market is relative and it is not what we should be carelessly using to avoid issues for ourselves. If it is an established asset with promising expectations, fine, it is still possible that it encourages investors later, but most times, what people call undervalued assets are not truly undervalued, it is just that they do not want to accept the fact that the asset is indeed at the present level/price it should be. Our personal and sentimental assessments and speculations could at times overcloud our judgments which is not supposed to be so.

This is why I would like us to always consider the recent past behaviours of coins/tokens with others, and this could be backtracked to a whole year or even more to ascertain what the coins/tokens can really do. Some crypto projects are just living in their past glories, they will never perform as some people expect of them anymore. Examples of these are Litecoin and Ripple. I do not see them moving in such an outstanding manner again, and the more people realise this and either go for other coins or diversify their portfolio, the better for them.

If you go through coinmarketcap except Bitcoin almost all other coins are undervalued. Except Tether the top 4 coins are almost below their ATH of 2021 by 90 percent. I feel Ethereum is far undervalued as it has one of the biggest ecosystem but the price of Ethereum hasn't even reached 5k. The same thought  goes to the layer 2 solution providers on Ethereum they are very much undervalued.