5 Undervalued Tokens You Wish You Knew In 2022

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Last Updated August 1st 2022
5 Min Read

Buying an undervalued cryptocurrency with solid potential could unlock the door to profitable returns. However, with thousands of cryptocurrencies on the market, it can be hard to differentiate between a promising project with long-term growth potential and quick cash grabs that will not last a bear market.  

Considering a digital asset's market cap, development team, market position, and future price potential, we have compiled a list of 5 undervalued tokens you wish you knew in 2022.

These undervalued cryptocurrencies with enormous growth potential could be your gateway to earning considerable returns in the future.

 

Axie Infinity  

Axie Infinity (AXS) is a crypto project set to bring massive profits to its investors, partly due to its association with NFTs. It has a market capitalization of over $1 billion and is one of the top 50 cryptos on CoinMarketCap as of the writing of this article. The project allows gamers to collect, buy and sell their Axies. 

Their play-to-earn games, one of the first in the industry, allow its game players to earn more tokens as they play games. Game players on the platform have come out to claim that they earn a lot from playing daily, impacting the token’s value. There was a price increase from $0.5 at the start of 2021 to over $70 in about a year. 

AXS has been affected by the “dip, " like many other assets. However, this shows that it is undervalued currently and presents a good buying opportunity. Hence, experts believe AXS to be one of the 5 undervalued tokens you wish you knew in 2022 as it is likely to resume its bull rally soon. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Polkadot 

Polkadot is a multi-chain application environment that enables cross-chain interoperability on a level previously unimaginable. Specifically, it allows users to send more than just tokens across blockchains. Polkadot allows these networks to communicate actual data. 

The network attempts to tackle one of the most pressing issues facing the blockchain sector, interoperability. Blockchains function as separate islands of data with little way of leveraging information from the other networks. Polkadot eliminates these concerns through the integration of a variety of proprietary technologies. 

Since its blockchain network is flexible, Polkadot has an increased ability to pivot and serve more specific needs. The platform is gaining interest from investors because it is more interactive. After hitting an impressive all-time high of $54 in November 2021, its native token DOT is currently valued at an affordable price of $8, making it one of the top 5 undervalued tokens you wish you knew in 2022.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Sandbox 

The Sandbox is an exciting Metaverse platform with high potential like its rivals, Decentraland and Axie Infinity. It runs on the Ethereum blockchain and allows creatives to monetize their virtually created content called “Voxel.”

The SAND token is The Sandbox’s utility token for purchasing NFTs and collectibles on its Metaverse or marketplace. Users may stake SAND in an Ethereum-supported DEX such as Uniswap or interact and receive rewards and earnings with the token.

SAND is one of the top choices for investors and celebrities, with the likes of Snoop Dogg and Steve Aoki joining the brand. Companies like Atari, Warner Music Group, and Adidas are also a few big names listed on the platform.

SAND has a total supply of 3,000,000,000 with at least 1 billion in circulation. In November 2021, SAND moved past the $8 price but dropped below $3 following the crypto crash in Q1 2022.

With the ongoing innovations on the platform and massive investor interest, SAND will likely reach positive price levels in the future, making it one of the top 5 undervalued tokens you wish you knew in 2022.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Enjin Coin 

One of the best NFT projects in the market is Enjin (ENJ). It is a decentralized ecosystem built to streamline the integration of enterprise blockchain technology. The network is referred to as a PaaS (Platform-as-a-Service) by developers due to its structure and features. 

Notably, Enjin enables businesses to leverage blockchain infrastructure without writing any blockchain-related code. By eliminating such technical barriers, the network enables anyone to trade using blockchain-based strategies.

Currently, the platform specializes in helping developers and studios to utilize tokenized digital assets in their titles. These protocols improve the UX and help cultivate acquisition, retention, engagement, and monetization strategies for developers. 

The platform supports hundreds of thousands of communities globally. Given ENJ's enormous potential, we consider it to be one of the most undervalued tokens in the market, as it is trading at $0.6 at the time of writing. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Basic Attention Token (BAT)

Basic Attention Token is a blockchain-based platform tracking the total time Brave browser users spend on various websites. BAT is the native token of Brave Browser and the fuel of the Brave browser digital marketing platform. 

Users get BATs in exchange for their attention given. These tokens have endless possibilities within the Brave ecosystem. Users can unlock premium content published through a micropayment using their BATs. They can also use these tokens to purchase digital goods such as images, data services, and publisher applications, which they may need on a one-time basis.

Considering the global market size of the online advertising industry, it was about time that a blockchain-based platform tried to revolutionize it. In 2019, the online advertising industry was worth $304 billion. It will grow at 21.6% to reach a market size of $982.82 billion by 2025. This makes BAT one of the 5 undervalued tokens you wish you knew in 2022, as it is currently trading at an affordable value of $0.4.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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