There are precisely 5,062 cryptocurrencies in existence as of May 2021, which means that there are indeed plenty of options to look upon before investing. Usually, people are more intended on the projects with the highest profile and the excellent hype. It leaves many such cryptos which are actually more in worth but are lagging due to the lack of attention, and we call such cryptos undervalued.
Undervalued cryptocurrencies are often expected to rise in the future, so it is always advisable to invest in such currencies.
1. Dent (DENT)
DENT tops our list of undervalued crypto because it is currently traded at $0.0078 and has a market rank of #114 in terms of market capitalization. The platform was launched in 2017 as a digital mobile operator to offer mobile data, plans, eSIM cards. It makes use of blockchain technology for creating a global marketplace for the liberalization of mobile data. It had its all-time high in January 2018, at $0.098, with a 24-hour trading volume of more than $91 million. Currently, it is being traded at a much lower price compared to its all-time high; hence, it is an undervalued asset.
2. Fusion (FSN)
FSN is another undervalued currency that is currently being traded 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 financial platform based on blockchain, which offers cross-organization, cross-data, and cross-chain services using smart contracts. It leverages the Distributed Control Right Management as a security layer to protect the assets on the blockchain. This crypto is indeed one of the top undervalued currencies, and its price might increase in the future to reach its actual value.
3. Prometeus (PROM)
The current market price of PROM is $ 30.43, and it is another undervalued crypto because its all-time high was at $100 in April 2021, with a 24-hour trading volume of more than $1 billion. Prometeus Network is a decentralized and secure ecosystem that is designed for solving the problems in data-brokerage. It was mainly created for the Insurance data market and influencer marketing industries.
4. ZKSwap (ZKS)
ZKS has a market rank of #156 and is currently traded at $1.94. ZKSwap is a decentralized exchange that adopts the zk-Rollup technology and the Automated Market Maker model. Built on Ethereum, the protocol aims to provide low latency and zero gas fee experiences to its users. Its all-time high price was $9.89 in February 2021, with a 24-hour trading volume of more than $1.32 billion.
5. Syscoin (SYS)
SYS is another undervalued cryptocurrency currently traded at $0.447 and is ranked #183 in terms of market capitalization. Its all-time high was $0.889 in January 2018, with a 24-hour trading volume of $ more than $8.39 million, and its price is expected to rise shortly to reach its intrinsic value. Notably, Syscoin is a platform that can provide trustless interoperability, which is scalable and secure. It doesn’t require the third-party liquidity providers to interoperate with any ERC-20 token.