6 Deeply Oversold Cryptos Worth Buying Right Now

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Last Updated June 29th 2022
5 Min Read

With the market all set to begin its bull run again, these are the top cryptos worth buying right now.

The crypto market is just recovering from a major crash now, and several cryptos have again started their bull case in 2022. Although several investors were feeling pessimistic about the economy during the rising surge in inflation and increasing interest rates, the crypto market is still showing signs of massive recovery and profit. As a result, here are the 6 deeply oversold cryptos worth buying right now, especially for the most speculative investors. 

  • A vast number of activities have been created on Ethereum’s DeFi ecosystem, which is growing rapidly.
  • Binance coin is one of the deeply oversold cryptos worth buying right now, thanks to its growing ecosystem.
  • Bitcoin’s widespread adoption globally has made it one of the best buys right now. 
  • Cardano is one of the best cryptocurrencies that continue to develop its ecosystem. 
  • Solana is one of the best smart contract cryptocurrencies that have the potential to rival Ethereum.
  • The implementation of Roadmap 2022 has made DOGE one of the best cryptos to buy now. 

 

Ethereum (ETH)

With the optimism surrounding The Merge, the price of ETH is all set to rise to new highs. 

Ethereum is one of the 6 deeply oversold cryptos worth buying right now, thanks to its massive growth potential and high returns. It is home to a decentralized blockchain network that allows developers to create and deploy smart contracts. 

It has the most significant everyday exchange volume and application utilization compared to other networks in the market. There are over 3,000 dApps across 16 major blockchains, of which over 2,800 are based on the Ethereum network. 

The upcoming ‘Merge,’ an upgrade of Ethereum’s algorithm that will transition it from Proof of Work to Proof of Stake, has positioned ETH as one of the best cryptos to buy now. When the Merge finally goes through, it will result in significantly faster, cheaper, and more scalable transactions on the Ethereum network.

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

Binance Coin (BNB)

BNB is one of the best crypto assets backed by the world’s largest exchange. 

Binance coin is the utility token for the most popular exchange, the Binance exchange. It is the largest exchange in the market in terms of daily trading volume and liquidity levels. The token is also used to pay transaction fees on the Binance Smart Chain, an ecosystem with a decent number of projects in development.

BNB has started incorporating new DeFi components, like the creation of Binance DEX, which supports interoperability-focused DeFi projects. Moreover, BNB’s central role in fee settlement and transfers has significantly boosted its volume and value. Binance has employed a unique mechanism to encourage its investors to stay on the exchange. 

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

Bitcoin (BTC)

Bitcoin has been the largest crypto asset in terms of market capitalization since its launch, making the most oversold crypto worth buying right now. 

Despite its high volatility, Bitcoin is still one of the deeply oversold cryptos worth buying right now. Even though the last few months have been hard on the crypto, many experts believe that this bear market is the prime opportunity to increase market share.  

Currently, Bitcoin has become a household name as institutions and governments have developed ways to serve their customers' growing demand for exposure. The enhancements in methods for sending, receiving, and storing will boost Bitcoin significantly to fuel the active wallet addresses on its network. 

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

Cardano (ADA)

ADA is one of the top sustainable blockchains to buy right now. 

Cardano is a blockchain project backed by peer-reviewed academic research that runs its own mainnet. It was created by the Input-Output Hong Kong firm (IOHK), which ensures ADA’s mass adoption and partnerships. 

Thanks to its Alonzo upgrade, the network is now capable of facilitating fast and low-cost smart contract agreements. Moreover, the upcoming Vasil hard fork is one of the most awaited events in the community and will bring further speed and scaling improvements to the network. 

Because of these consistent developments, Cardano is considered one of the busiest platforms, making ADA one of the deeply oversold cryptos worth buying right now. 

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

Solana (SOL)

Thanks to its growing NFT marketplace, SOL has always been a deeply oversold crypto worth buying.

Solana is extremely fast and transaction costs are just a fraction. Thanks to its innovative hybrid consensus model that combines a unique Proof-of-History (PoH) algorithm with the high-speed synchronization engine, a Proof-of-Stake (PoS) model, the network continues to maintain its high-speed network.

One key reason to buy SOL is its NFT marketplace, Solanart. The crypto is also advancing into the metaverse with the upcoming release of Solice, an application that will integrate virtual reality (VR) with the Solana protocol. 

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

Dogecoin (DOGE)

DOGE is one of the best meme coins with plenty of room for growth. 

Dogecoin is mainly fuelled by speculation and hype. The key supporter of DOGE and its price rise is Tesla and SpaceX CEO Elon Musk, who often tweets about Dogecoin in a positive light, which helped the project achieve huge pricing gains.

Although the price of DOGE is plunging, there are still reasons to be optimistic about Dogecoin’s outlook in 2022. Moreover, the developers are planning to implement additional use-cases to boost the DOGE’s value proposition. Therefore we definitely recommend buying this deeply oversold crypto. 

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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 Bottomline 

The volatility is nothing new in the crypto market and is a big reason why experts recommend caution while investing. The above-listed 6 deeply oversold cryptos are definitely worth buying right now as holding them would generate good returns for investors.

Read More:

How To Buy Ethereum (ETH)

The 5 Best Ways To Buy Binance Coin (BNB)

Where To Buy Bitcoin (BTC)

The 5 Best Ways to Buy Cardano (ADA)

Where To Buy Solana (SOL)

Where To Buy Dogecoin (DOGE)

15 Most Promising Cryptocurrencies To Invest In

Top 10 DeFi Cryptocurrencies That Are Set To Explode

The Best Altcoins To Buy

Best Cryptocurrencies To Buy For The Upturn

What Are The Best NFTs To Buy?

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