What Are The 10 Most Undervalued Cryptocurrencies To Buy?

Last Updated March 24th 2022
20 Min Read

Top Undervalued Cryptocurrencies & How To Buy Them

Looking for the most undervalued cryptocurrencies to add to your portfolio in 2022? Read our guide on the 10 most undervalued cryptos to buy in 2022! 

The cryptocurrency market is starting to mirror that of Apple’s App Store back in 2008. Back in those days, it was ground-breaking. The idea of having multiple apps on your phone was completely new.

Although the crypto market is growing exponentially it still hasn’t burst into everyone’s consciousness yet. Likewise, it took a little while for the app store to take off too.

Of course, a lot of cryptocurrencies will likely fail (as do apps), and it can be hard for many people to differentiate between the coins that are undervalued from those that never had a chance at succeeding. Either way though, it is very likely a lot of the projects that are currently emerging are nowhere near the valuations they could probably reach.

In this article, we’re going to show you the most undervalued cryptocurrencies of 2022! So, without further ado, let’s get stuck in!

The Most Undervalued Cryptocurrencies To Buy In 2022:

Looking to skip the read? The most undervalued cryptocurrencies to buy in 2022 are the following:

  1. The Graph (GRT)
  2. Chiliz (CHZ)
  3. Basic Attention Token (BAT)
  4. Avalanche (AVAX)
  5. Decentraland (MANA)
  6. Algorand (ALGO)
  7. Enjin Coin (ENJ)
  8. Polygon (MATIC)
  9. Ethereum (ETH)
  10. Bitcoin (BTC)

 

Find out why these 10 coins are our top 10 most undervalued cryptos below!

What Are Undervalued Cryptocurrencies?

Undervalued cryptocurrencies are cryptos that are not as highly valued as they probably should be. In other words, the market has not yet realised their proper value. For what they plan to do, they are very cheap.

This could be for several reasons, but in most cases, it’s likely down to the market not seeing how much of a reach or impact a cryptocurrency might have in transforming an industry… yet. It may even be because people do not fully understand the coin yet or perhaps, they’re just not properly marketed.

But why are so many cryptocurrencies undervalued? Why do traders tend to stick to popular coins?

To put it simply, a strong community and positive market sentiment can get you pretty far and it can sometimes be hard to convince traders to invest in an unknown coin.

You would think that all a crypto would need to do to become popular would be technologically impressive (a ‘build it and they will come’ mentality). But sadly, that’s just not always the case. What really draws in crypto traders and makes it popular is money or at least the prospect of it. 

When traders start seeing the amounts they can make, their interest is almost instantly piqued, and a positive market image almost spreads by itself, and a community is born.

How Do You Find Undervalued Cryptocurrencies?

The cryptocurrency industry is developing at a rapid pace, with more than approximately 13,000 cryptos in existence, according to CoinMarketCap, which makes it very difficult to identify what coins could hold great future value.

From crypto traders to blockchain developers, cryptocurrencies are attracting more and more people from all over the globe. Blockchain technology, on the other hand, has the potential to create a new world economy.

At the same time, cryptocurrency investing is still veiled in myths and misconceptions, which keeps much of the market undervalued, further complicating things.

To learn to spot an undervalued cryptocurrency, you need to learn to spot what the market wants and needs. What does it need to function and what can it not live without?

A great example of this is decentralised finance (DeFi) which can make payments safer, cheaper, and faster; however, some sceptics are quick to label crypto and blockchain as modern whims.

And the increasing number of digital assets pouring into the market adds more fuel to the fire, leaving many cryptos to underperform as they struggle to compete against each other.

Finally, when we consider the high volatility of the market, it isn’t too surprising that some investors stay away from cryptocurrency trading and its unpredictable nature.

That said, some popular cryptos remain undervalued despite their potential and price growth. Many analysts believe that some of the crypto assets on this list are far stronger than other investments in other markets.

Top 10 Undervalued Cryptocurrencies to Buy in 2022

Here’s a look at the top undervalued cryptocurrencies of 2022: 

1. The Graph (GRT) — The Google of Blockchains to surpass $0.7 in 2022?

The Graph (GRT) is a very young coin launched in late December 2020. In short, The Graph provides access to open APIs from blockchains to consumers, such as DeFi protocols that can then use them to provide services, such as comparing prices on crypto exchanges.

In its relatively short history, The Graph has never returned to its initial lows from when it entered the market. Its launch couldn’t have happened at a better time, practically coinciding with the 2021 bull run and saw GRT reach its all-time high of $2.88 on the 12th of February 2021.

In 2022, it is expected that The Graph will continue to expand its services onto more blockchains, becoming intertwined with the largest crypto projects around and likely becoming their primary supplier for indexing data.

We saw this in October 2021, when The Graph further expanded its services to Polkadot (DOT) and its sister network Kusama (KSM) via Moonriver (MOVR), a parachain that connects Ethereum with Kusama, as reported by Ana Grabundzija of CryptoSlate, becoming an integral part of their networks. 

Several months before, we saw The Graph bring its indexing and querying services to the Binance Smart Chain (BSC), Binance Coin’s (BNB) parallel chain for smart contract projects. This is huge news because, according to DeFi Prime, the BSC has the second-largest DeFi ecosystem, which would mean The Graph’s services could soon include all of these projects.

Zach Owen of San Francisco Tribe further explains why The Graph is so ground-breaking and often referred to as the ‘Google of blockchains’: 

“Providing clean, easily accessible data is extremely important for the future of the decentralized industry. Developers will need this feature to build fully decentralized apps that do not depend on third party providers, or from centralized data bases”.

According to Trading Beasts, by the end of 2022, The Graph (GRT) could be worth a maximum price of $0.782, a minimum price of $0.532, and an average price of $0626. A potential increase of 49.62%.

DigitalCoin is a little more bullish, estimating that The Graph could have a maximum price of $0.59 in 2022 and a minimum of $0.51.

How much could you make investing in The Graph (GRT)?

2. Chiliz (CHZ) — Fan token to reach $0.34 by the end of 2022?

Chiliz (CHZ) is a very interesting pick that specialises in creating tokens for sports and entertainment purposes, allowing fans to play a role in the governance of their favourite brands.

Like many other coins on our undervalued list (unsurprisingly) Chiliz had a quite meagre performance from its launch until 2021 where it began to rocket in value, particularly in March and April. On the 13th of March 2021, it reached its ATH of $0.8915, and although it hasn’t yet caught up with that price, it has managed to hold onto much of its value since the start of 2021.

In 2021 some big names signed on to create fan tokens, including F1 teams Aston Martin and Alfa Romeo which can be bought using CHZ on the Socios platform, reports BeInCrypto. Interestingly, this could create a rivalry with Tezos (XTZ), which has also been prying for partnerships with F1 teams.

But that’s not all, the world’s largest martial arts, the UFC (Ultimate Fighting Championship) has also created their own fan token using Chiliz which will also be available via Socios. The token will allow holders to access promotions, competitions, and exclusive content, reports Helen Partz of Cointelegraph. This is crucial news for the adoption of Chiliz because the UFC is hugely popular and is considered one of the fastest-growing sports in terms of viewership.

Lastly, Chiliz also announced that it will integrate with Chainlink (LINK) to create NFTs in real-time, leveraging Chainlink’s oracle network. Chiliz also revealed that football club AC Milan will be the first to create fan token NFTs.

In 2022, it appears unlikely that Chiliz will reach $1. DigitalCoin, for example, has predicted a maximum price of $0.31 and a minimum price of $0.27.

Elsewhere, Trading Beasts is a little more conservative, forecasting CHZ could end 2022 at a maximum price of $0.3436, a minimum of $0.2337, or an average price of $0.2749. An increase of approximately 25.15%.

Do you see Chiliz (CHZ) rocketing to the moon?

3. Basic Attention Token (BAT) — Growing user base could take BAT to new ATHs in 2022

Basic Attention Token (BAT) is the token of the Brave browser and is rewarded users for their ‘attention’ when watching advertisements and to properly reward the creators of digital content. In a sense, they want to create a fairer and more decentralised internet.

BAT has been trading since around mid-2017 and has performed fairly decently since then, hitting peaks in late 2017/early 2017, and more recently in 2021’s bull run, where it reached its current ATH of $1.65. After trading at quite a low price for much of its existence, BAT appears to be solidifying itself above $1 at long last.

Basic Attention Token’s success is largely tied up in the growing popularity of the Brave browser. In early 2021, prolific YouTuber MrBeast, who boasts 73.4 million subscribers, became a publisher on Brave, as reported by Joshua Mapperson of Cointelegraph, joining approximately 1 million others in a major move that could encourage many others to follow.

On top of that fantastic news, CryptoBriefing’s Mike Dalton revealed that BAT has been working hard to become more decentralised, dropping its centralised wallet and adding an Ethereum one, and plans to introduce a DEX (decentralised exchange). This is all part of the Brave 2.0 upgrade which is expected to arrive in late 2021 and will include support for NFTs and DeFi apps too.

In other big 2021 news, Yuri Molchan of U.Today reported that Grayscale bought 1,396,356 BAT tokens. This is likely held in their Grayscale® Basic Attention Token Trust, which they claim has produced 98.57% returns since its inception.

According to DigitalCoin, Basic Attention Token could reach a maximum price of $1.16, or at the lowest reach $1.02.

Trading Beasts has given a more grounded prediction, suggesting that by the end of 2022, BAT could trade at a maximum price of $1.351, a minimum price of $0.919, or an average price of $1.081. An increase of 29.80%.

Are you bullish on Basic Attention Token (BAT) too?

4. Avalanche (AVAX) — Booming ecosystem to take AVAX to over $100 in 2022

Avalanche (AVAX) is another project that appeared out of the blue in the last couple of years and it may be the best manifestation of what blockchain technology should be for big businesses. Using their tech, companies can build their own blockchains with their own rules and governance and interconnect them with others in the network.

AVAX performed beautifully in 2021, swinging along with the rest of the market, hitting highs first in February then hitting further highs in September and October, where it reached its ATH of $146.22 on the 21st of November. One thing is for sure, 2021 was a transformative year for Avalanche.

Avalanche’s network is expected to continue growing in 2022 as it builds connections with other blockchain networks. For example, in October 2021 Avalanche integrated with Ampleforth (AMPL), an Ethereum-based token, to enable DeFi protocols on Avalanche to use the token as Timothy Craig of CryptoBriefing explains.

AVAX has also set up a new $200 million fund called ‘Blizzard’ to incentivise developers to build on the Avalanche network, aiming mostly to attract those who want to build DeFi and NFT projects, as reported by Inigo Vaca of Cointelegraph.

Michael Lavere of CryptoGlobe further explains how top analysts such as Aaron Arnold are bullish on Avalanche because of the incentives they are giving to DeFi developers to build on their platform.

Both Trading Beasts and DigitalCoin agree that Avalanche could trade over $100 in 2022. Trading Beasts has forecasted AVAX could trade at a maximum price of $102.89, a minimum price of $69.965, and an average price of $82.312 by the end of 2022.

Meanwhile, DigitalCoin foresees highs of up to $116.79 and lows of $105.43 in 2022 — a whole year above $100.

Is Avalanche (AVAX) the moneymaker you’ve been looking for?

5. Decentraland (MANA) — Metaverse hype taking MANA to $3 in 2022?

Decentraland (MANA) is a virtual reality platform where users can create their own experiences and monetise them. It is part of the metaverse scene and users can burn the MANA token to acquire NFTs called LAND where they can build their experiences.

The MANA token has been around for a few years now to some moderate success. However, this all accounted for very little until the 2021 bull run which saw MANA pass above $1 for the first time and then past $1.50.

In 2021 huge news broke that Facebook’s parent company Facebook Inc will be rebranding to Meta Platforms Inc and that it will begin to focus on building a metaverse. On the back of this news, as CryptoBriefing reports, Decentraland rocketed in value, increasing by approximately 340% in a few short days.

But Decentraland is not just relying on hype to spread the word about its platform. In a blogpost in April 2021, Decentraland announced that as part of their Layer 2 solution, users can now move their MANA tokens to Polygon and back which will mean they will be able to use them on Polygon’s network without fees. This could signal a move towards more interoperability with other chains in 2022.

And finally, in February 2021 Grayscale created the Grayscale® Decentraland Trust, which they claim has $54.2m in MANA under management and has a return rate of 1,050.20% since inception. Signalling major institutional interest in the asset.

Price forecasters are rather bullish on Decentraland’s prospects, all suggesting it might be able to retain its new highs well into 2022.

DigitalCoin expects Decentraland to have a mind-blowing top price of $3.63 in 2022 and potentially a low of $3.20.

Elsewhere, Trading Beasts are more cautious and expect a maximum price of $3.123, a minimum price of $2.123, and an average price of $2.498 by the end of 2022 — a decrease of 0.45%.

Is Decentraland (MANA) the best crypto investment of 2022?

6. Algorand (ALGO) — To trade above $3 for the entirety of 2022?

Algorand (ALGO) is a permissionless ‘pure’ proof-of-stake cryptocurrency and is often believed to be one of the most efficient around today. It was primarily designed to be a faster and more efficient Bitcoin.

Up until recently, Algorand’s price performance has been a little awkward. After it started trading in June 2019, it lost a lot of value, dropping from $2.16 down to $0.19 in October, losing initial investors a lot of money. Since then, it has worked hard to return to its original highs, recuperating much of this value in 2021, first hitting $1.71 in February and then $2.37 in October, showing a return to form. ALGO’s ATH is $3.28 on the 21st of June 2019.

Algorand continues to garner the attention of the public as it forges partnerships, a trend we will likely see continue into 2022. In September 2021, Algorand signed a $100 million deal with the Drone Racing League, as told by Matthew De Saro of BeInCrypto. 

As Algorand continues to develop and introduce new capabilities, it is quite likely that it could draw in further partnerships. A key feature Algorand introduced in 2021 was the Algorand virtual machine (AVM), reports Cointelegraph. The AVM will add the development of DeFi projects, specifically in regards to scalability and enable transaction finality.

Lastly, Algorand has piqued the interest of SkyBridge Capital’s Anthony Scaramucci who is very bullish on the crypto, supposedly suggesting that it is best positioned for real-world use cases, as CryptoGlobe explains.

According to DigitalCoin, Algorand could reach a maximum price of $1.20 and a minimum price of $1.04.

Trading Beasts predicted a maximum price of $1.355, a minimum price of $0.921, and an average price of $1.084 for Algorand at the end of 2022.

Would you invest in Algorand (ALGO)?

7. Enjin Coin (ENJ)

Enjin Coin (ENJ) is the cryptocurrency used by the Enjin Network, a network of blockchain games and is used to give value to tradable in-game items in the form of NFTs.

ENJ was super successful in 2021 just like many of the other coins in this list, partially because of the increased interest in NFTs. From rather low prices before 2021, ENJ breached $1 for the first time in March and continued up to $4.00 in April 2021 and then reached its ATH $4.85 in November. Since then, it has been trading far higher than at any point before its existence.

Enjin Coin has been very experimental in how NFTs can be used which could impact its value in 2022. For example, in March 2021 dance moves were turned into animated NFTs which could be purchased by players and used as in-game ‘emotes’, as reported by Sebastian Sinclair of CoinDesk.

Furthermore, and perhaps more importantly, Enjin Coin partnered with Microsoft to create cross-platform NFTs for Minecraft in February 2021 to celebrate International Women’s Day, also reported by Sebastian Sinclair. This is massive news and could lead to further partnerships between the two in the future.

Joseph Young of Cointelegraph also noted three important factors that led to Enjin Coin rising 30% in a single day in 2021. They include Enjin Coin’s Coinbase listing, the launch of JumpNet and Efinity, and accelerating technical momentum. 

DigitalCoin believes that Enjin Coin could reach a maximum price of $2.27 in 2022, or, at the very least, reach a minimum price of $2.01.

Trading Beasts doubts Enjin Coin will reach a minimum price of $1.256, a maximum price of $1.848, and an average price of $1.478 for the end of 2022.

Will Enjin Coin (ENJ) be the coin that makes your millions?

8. Polygon (MATIC) — Growing user base to take the asset to almost $2 in 2022?

Polygon (MATIC) has absolutely transformed Ethereum, helping turn it into a network of multi-chains where developers can build their own applications and infrastructure. In 2021, Polygon became one of the top must-have cryptocurrencies.

As you probably expected, 2021 saw Polygon reach new heights after trading at relatively low prices in previous years (typically at fractions of a cent). Keeping up with the rest of the crypto market, MATIC was already breaching new ATHs by February, surpassing $0.50, $1 in April, $2 in May before hitting its ATH of $2.92 on the 27th of December 2021.

Polygon’s ascent to the top is not surprising at all when you know that its number of unique addresses recently topped 100 million, Francisco Memoria of CryptoGlobe reports. Breaching 100 million was an ATH for Polygon and brings it a step closer to catching up with Ethereum, which has approximately 175 million unique addresses, according to data from Etherscan.

And now big financial players are looking to make big investments in Polygon too. Mandy Williams of Crypto Potato revealed in October 2021 that Bitwise Asset Management launched a Polygon fund. According to Bitwise, The Bitwise Polygon Fund has already made 30.5% since its inception.

In other major news, in 2021 Polygon managed to patch up a major bug on its Plasma Bridge with the Ethereum Network which could have resulted in hackers running away with $850 million, says Vishal Chawla of Crypto Briefing. If Polygon failed, it could have been catastrophic, but thankfully they fixed the issue, and it proved their competence in solving such problems.

Trading Beasts has made reasonable estimates for Polygon’s 2022 price, suggesting that by the end of the year it could be worth a minimum price of $1.240, a maximum price of $1.824, and an average price of $1.459.

On the other hand, though, DigitalCoin expects Polygon to reach new highs in 2022 and potentially reach $2.17 at the highest or $1.93 at the lowest.

How much would you invest in Polygon (MATIC)?

9. Ethereum (ETH) — Steadily striding towards $4,000 in one year from now?

Though Ethereum (ETH) is the second-largest coin by market cap and adoption, you might be surprised that ETH is potentially dramatically undervalued, but the more you look into the advantages of Ethereum, the more you see the hidden, underlying value.

Ethereum heralded the marriage of blockchain tech, smart contracts, and decentralised applications (DApps or dApps). Because of this, Ethereum is often referred to as the ‘king of smart contracts’.

On top of that, Ethereum also introduced the idea of an ecosystem of different tokens used for different services. This led to the creation of ERC-20 tokens. According to Investopedia in 2019, there are approximately 200,000 ERC-20 tokens.

In 2022 specifically, the completion of Ethereum’s shift to Ethereum 2.0 with its proof-of-stake mechanism could send ETH prices flying. (No one knows the exact date yet, unfortunately.)

But perhaps the biggest reason Ethereum could be considered undervalued is its growing DeFi ecosystem which takes centre stage in the crypto community.

That said, some experts suggest that DeFi’s wider appeal across traditional payments and financial institutions is still limited, and others argue that some of Ethereum’s competitors have better prospects.

Will Ethereum remain undervalued in 2022? It would be surprising with all the good things coming their way!

Ethereum will likely continue to appreciate throughout 2022 and could reach a high of $3,547.94 by the end of the year according to Trading Beasts. Trading Beasts have also predicted a potential low of $2,412.59 by the end of the year and an average price of $2,838.35.

Meanwhile, DigitalCoin expects that Ethereum could double its price in 2022 to reach $4,286.52 or at the very lowest reach $3,724.10.

Would you consider investing in Ethereum (ETH)?

10. Bitcoin (BTC) — Forget gold! BTC is the world’s most valuable asset!

Yes, we know, despite its popularity, Bitcoin (BTC) the oldest and largest coin in terms of market cap and trading volume — is one of the most undervalued cryptocurrencies. (You could technically say then that all cryptocurrencies are undervalued then, which perhaps is also true!)

Launched in 2009 by the mysterious figure Satoshi Nakamoto, Bitcoin has been ruling the world of cryptocurrency for more than a decade now.

Developers, traders, and financial experts often call Bitcoin the ‘gold standard’ in the world of crypto investing. Unlike fiat currencies and traditional payment methods, Bitcoin is decentralised and eliminates the need for third parties and their costly fees. Moreover, Bitcoin led to the creation of thousands of altcoins and the total transformation of the financial sector.

Yet, Bitcoin has some drawbacks. Bitcoin has become an investment instead of day-to-day currency, which arguably hinders its ability to reach its goals.

Furthermore, some claim that it’s Bitcoin’s scalability issues and inefficient energy consumption that make it an undervalued coin. Believe it or not, data from Digiconomist suggests that Bitcoin’s energy consumption is comparable to that of Thailand, a country with a population of 69.8 million.

Despite this BTC has done amazingly well in the long-term reaching its ATH of $68,789 on the 10th of November 2021 and prices are expected to increase even further. Experts such as the Winklevoss brothers believe that Bitcoin could replace gold which has a market cap of approximately $11.290 trillion. If this really could happen, then Bitcoin is not only the most undervalued crypto but the most undervalued asset on the planet!

The argument for BTC possibly replacing gold is primarily because the amount of gold is not fixed. A new gold mine could be dug up right around the corner and introduce more gold to the market, reducing its scarcity and decreasing the value of gold. We sometimes like to think that we have uncovered all the Earth’s gold but that simply isn’t the case (there could be mountains of it below the sea).

A meteor could even hit the earth full of gold or we could even start mining it on the Moon or Mars! Bitcoin, on the other hand, has a fixed number of coins that can ever be created — 21 million. And it is this scarcity that gives it its value.

Since 2020, many institutional traders have been flocking to Bitcoin because of massive inflation caused by central banks printing money to stimulate the economy during the coronavirus pandemic.

DigitalCoin has its sights set firmly beyond $60,000 for Bitcoin in 2022, forecasting a maximum price of $61,032 and a minimum price of $52,423.

However, Trading Beasts calculates that Bitcoin will probably trade at prices similar to what it trades at today, estimating a maximum price of $49,910, a minimum price of $33,939, and an average price of $39,928 by the end of 2022.

Is Bitcoin (BTC) the one and only choice for you?

Why Should I Buy Undervalued Cryptocurrencies In 2022?

Investing in cryptocurrencies is always a financial venture worth considering. When an undervalued coin with great potential and impressive underlying technology is underpriced it can be a real bargain if you invest at the right time.

Underpriced coins, once discovered, can gain momentum, and appreciate rapidly, leading traders to start selling and potentially make profits far beyond 2022.

Usually, it’s a waiting game. You need to sit and keep still until the market starts to see the real underlying value behind the coin. That’s when the price could explode.

Many crypto investors look solely for undervalued cryptocurrencies just because they know that they present some of the best opportunities available today.

However, remember to only invest money you feel comfortable losing! Always do your research and consider the reward-risk ratio of the asset you are willing to invest in.

Traders should also be cautious of very new coins that have just arrived on the market because it is harder to see if they are undervalued or not (they may even be overvalued if they are rubbish).

Ideally, you should only invest when you see some promise. This usually comes in the form of an upwards trend but could also be an increase in trading volume or even more attention on social media platforms, like Twitter. Do not invest in a coin purely based on hearsay!

You need some idea of where the coin has been before to picture what its future might be.

What Is The Most Undervalued Cryptocurrency?

The most undervalued cryptocurrency of 2022 is likely the same cryptocurrency that has always been undervalued — Bitcoin.

From the moment it was created it has been undervalued and has only grown immensely in price. If it can indeed rival gold, Bitcoin’s critics will look very foolish, and its current valuation will look like pennies.

The second most undervalued crypto of 2022 would probably be Ethereum as it powers much of the cryptocurrency community. If it wasn’t for Ethereum, much of the functionalities we love about crypto might not have existed and to remove Ethereum from the crypto market would destroy so many projects that rely on it.

After those two giants, it becomes more complicated. To assess which coins are also undervalued, we need to start looking at which cryptos are offering services to the rest of the market that cannot — what makes them unique. 

Here’s a quick summary of why the other coins on our list are the best:

  • The Graph. Best for indexing and querying blockchain data.
  • Chiliz. Best for fan tokens.
  • Basic Attention Token. Best for digital content creators and advertising.
  • Avalanche. Best for customisable blockchains.
  • Decentraland. Best for virtual reality experiences.
  • Algorand. Potentially the best version of proof-of-stake.
  • Enjin Coin. Best for giving value for in-game items.
  • Polygon. Best multichain project on the Ethereum network.

Altogether, the coins in our list could potentially be some of the best cryptocurrencies to invest in 2022.

How Can I Buy Undervalued Cryptos?

trading undervalued cryptocurrencies

While buying undervalued cryptocurrencies can eventually become a profitable financial endeavour, finding undervalued coins can be hard. It requires a lot of knowledge of how the crypto market works.

You also need to know when not to get carried away by the hype and how to avoid cryptocurrency scams and frauds, especially when it comes to new and micro-cap tokens.

“But what about the practical side of crypto trading?” you may ask. Well, you have different options to invest in undervalued cryptos. 

First of all, you can buy and store cryptos in a crypto wallet, maintaining ownership. Brokers such as eToro can be a great place to buy and sell digital assets. 

Before you start buying undervalued cryptos, however, do not forget that cryptos are regulated differently throughout the globe (and in many places, not regulated at all). So, make sure you are familiar with regulation as well as taxation in the country you’re based in.

In the end, whether you decide to invest in an undervalued or a well-known cryptocurrency, it’s important to establish healthy trading habits and discipline. To provide an example, controlling your emotions while trading is a crucial factor that can help you succeed and eliminate fear, greed, euphoria, or overconfidence.

eToro – Best Platform To Buy Cryptocurrencies

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Virtual currencies are highly volatile. Your capital is at risk.

How To Buy Cryptocurrencies With eToro?

Complete these three steps and you could be trading cryptocurrencies with eToro in no time. Here’s what you do:

Step 1. Head over to the eToro website and click ‘Join Now’ and fill out the registration form. Note that you will need to upload proof of ID and address — this is to prevent fraud and to comply with anti-money laundering laws.

Step 2. Make your first-time deposit which will likely either be a minimum of $50 or $200 depending on your location. However, there are several countries where the first-time deposit is significantly higher, so please check before you sign up!

Step 3. When your account is ready, on the eToro platform head over to ‘Trade Markets’ → ‘Crypto’ → choose the cryptocurrency you want to trade and choose your terms.

And that’s it!

Key Points

If you remember anything from What Are The 10 Most Undervalued Cryptocurrencies To Buy? Make it these key points.

  • With over 13,000 cryptocurrencies, it can be hard to figure out which are undervalued.
  • Though cryptocurrencies are still misunderstood, buying cryptos is a great way to diversify your portfolio and potentially make a profit.
  • Undervalued coins offer impressive innovations but are usually not marketed well.
  • The most undervalued cryptocurrencies of 2022 that you should consider in 2022 are The Graph, Chiliz, Basic Attention Token, Avalanche, Decentraland, Algorand, Enjin Coin, Polygon, Ethereum, and Bitcoin.
  • When it comes to new coins, always be aware of crypto scams and make sure you follow the crypto regulations imposed by the country you’re based in.
  • To find undervalued cryptos worth investing in for 2022, one must first invest in proper trading education, practice, and emotional self-control.
  • eToro is the top platform to buy undervalued cryptocurrencies.

FAQs

Still have questions on the most undervalued cryptocurrencies to buy? Perhaps these frequently asked questions will help.

What Is The Most Undervalued Cryptocurrency In 2022?

Arguably the most undervalued cryptocurrency is still Bitcoin because numerous experts have suggested that it could replace gold as a store of value. Gold currently has a market cap of $12.3 trillion while BTC has a market cap of $820 billion. If Bitcoin could replace gold, its value would increase ten-fold.

What Is The Cheapest Cryptocurrency With The Most Potential?

Shiba Inu (SHIB) is still regarded as one of the cheapest cryptocurrencies and arguably it still has great potential, at times outperforming Bitcoin. However, it is still a highly volatile asset with much of its value attributed to online hype.

How Do You Tell If A Cryptocurrency Is Undervalued?

You can potentially spot an undervalued cryptocurrency if it has a monopoly on an emerging sector of the crypto market. For example, Decentraland, Chiliz or The Graph — each focuses on an emerging service that the crypto market needs or there is a strong desire for. Eventually, investors will realise their potential value and they could rise dramatically in value. Undervalued cryptos could also be technologically superior to much of the market but struggle to get the word out. These kinds of coins can be a gold mine once they are finally discovered. Long story short, it takes a lot of research, and you will likely not know for sure until the price begins to appreciate.

Further Reading:

Top New Altcoins To Invest In 2022

7 Safe Cryptocurrencies To Buy With High-Quality Ratings

What Is The Best Cryptocurrency To Invest In During 2022?

7 Top Cryptocurrencies That Could Make You A Millionaire In 2022

These Powerful Cryptocurrencies Have Crazy Predictions