There are thousands of cryptocurrencies today, led by Bitcoin (BTC) in terms of valuation. Cryptos have various uses. The most prominent among them are used for secure transactions, DeFi, and so forth. Some do so much yet are underpriced.
Underpriced cryptocurrencies enable investors to buy into projects at an incredibly lower price than their long-term value.
If you seek to invest in these types of tokens, then consider Ethereum (ETH), Solana (SOL), Uniswap (UNI), and Decentraland (MANA). Also, Mushe Token (XMU), an upcoming cryptocurrency, makes our list because it is worth more than its current price. This article aims to discuss what these best underpriced cryptocurrencies have to offer.
Mushe Token (XMU): Best Underpriced Upcoming Crypto
The Mushe Token ecosystem is an upcoming Ethereum-based metaverse and DeFi project that aims to advance blockchain adoption by increasing digital asset accessibility to crypto users.
XMU is the governance token for the ecosystem. It is an ERC-20 token that will drive the ecosystem’s DeFi, NFT, and metaverse transactions. XMU will also serve as a reward system to facilitate peer-to-peer (P2P) interaction within the Mushe Token network.
It also provides liquidity for token exchanges and a unified user experience. Mushe Token is developed to have a multi-chain capability, meaning that it will run on multiple blockchain networks in addition to its parent chain.
The token is currently selling at $0.05. Considering the features this crypto has up its sleeves, we feel that it is underpriced.
Ethereum (ETH): Best Underpriced Crypto with Massive Growth Potential
Ethereum is underpriced, and for obvious reasons. It is the second most valuable cryptocurrency by market cap.
The Ethereum blockchain network is home to most crypto projects and technologies available. It powers about 203 crypto projects running on the Ethereum network, with over 2900 dApps built on the network. This means that it is the favourite home of many altcoins, NFTs, DeFi, Web3, metaverse, and so on.
Considering its spectrum of features, potentials, and the planned upgrade from a proof-of-work (PoW) network to a proof-of-stake (PoS), it shouldn’t be hard to understand that “the most useful blockchain network” is underpriced.
Solana (SOL): Most Underpriced Crypto for Smart Contracts
Solana is a decentralized blockchain developed to support smart contracts and scalable, user-friendly dApps. This means dApps can be created, launched, and run on the platform. Solana is tokenized by SOL, which is an underpriced cryptocurrency if you consider Solana’s cutting-edge capabilities.
One of the reasons suggested for its cheapness is that demand for SOL is relatively low. This means that despite being the ninth most valuable cryptocurrency today and arguably the most innovative smart contract platform, with proof-of-history (PoH) consensus, its adoption by the corporate world and developers has remained low.
Uniswap (UNI): Best Underpriced Decentralized Exchange
Since it began trading in 2018, Uniswap has grown tremendously. Today, it is the largest and most valuable DEX. It is also positioned among the top five DeFi projects by market cap. The protocol has a sizable number of registered users spread across the globe and is a top pick with regard to user privacy. According to CoinMarketCap, UNI, the platform’s native token, is the fifth most valuable DeFi token and the twenty-second most valuable crypto overall.
Put these together, and you’ll see why UNI is underpriced for its high utility.
If you want to buy the best underpriced cryptocurrencies, you may choose an option from our list.
All of ETH, SOL, and UNI have what sets them apart. These cryptos offer real-world utility and are already being used by millions across the globe. It’s then a thing of wonder to see them so underpriced.
Like them, XMU is an upcoming cryptocurrency with many features and great promise. If it keeps faithful to its promises, it is safe to say that it is highly underpriced.
For more on Mushe Token
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.