With the ruins of the drastic bear market slowly settling down, now is the perfect time to add potential cryptos to your portfolio, to gain substantial gains in the next bull run. Apart from cryptos like BTC or ETH, numerous undervalued crypto tokens have massive upside potential. Whether you are a seasoned investor or even a beginner, these cryptos allow you to invest at a price that is considered to be lower than its true long-term value. Precisely, you can invest at a discounted price.
Since there are hundreds of cryptos available, we have narrowed down our list to just the five best tokens. These are the top 5 undervalued crypto coins to buy now, as they have plenty of room for growth in the future.
PancakeSwap (CAKE)
PancakeSwap is one of the fastest-growing DeFi projects that poses itself as an ideal investment option for investors in 2023. Unlike conventional cryptos, PancakeSwap operates on a decentralized exchange automated market maker (AMM). It has numerous features in store for developers and investors, like Liquidity Pools (LPs), Initial Farm Offerings (IFOs), Syrup Pools, swapping, an Automated Market Maker, yield farming, an NFT profile system, and many more.
CAKE, the native token of PancakeSwap, is showing a significant rise in 2023 after a prolonged bearish trend in 2022. Since it is a Binance-based- decentralized platform, PancakeSwap has a notable user base, which is rising at a rapid pace. The crypto quickly attracted users with its capability to instantly swap tokens without registering for accounts and low transaction fees. Since CAKE is not held on an exchange, users can seamlessly trade directly from their cryptocurrency wallet.
The newly released Roadmap for 2023 demonstrates ambitious plans for PancakeSwap in 2023. Some of the updates and releases include a v3 Swap & Liquidity Upgrade, Market Maker Integration, Smart Router Upgrade, and continuing Multichain Expansion. These advancements and updates in its ecosystem will push the price of CAKE to new record levels, making CAKE the best-undervalued crypto to buy now while trading at $3.93.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tezos (XTZ)
Tezos is a smart contract-based blockchain network designed for users to interact and create decentralized applications like DeFi and NFT projects. Since it is fork resistant, it prevents the blockchain from splitting. XTZ is one of the best cryptos with features like institutional-grade protection, governance, an energy-efficient algorithm, scalability, and smart contracts.
Trading at an affordable price of $1.03, this undervalued crypto has carved a niche for itself within the NFT sphere. Tesoz garnered mass attention in 2023 with its NFT fair called the ‘Computational Convergence’ in India. It displayed a large-scale computational art installation showcasing generative NFT artwork by four talented artists: Kartick Dondeti, Pixelkar, Aranya, and KALA. The event aimed to increase the crypto's popularity and user base.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Quant (QNT)
Quant Network has marked its place as the next-generation operating system for the entire crypto sphere. Hosted on the Ethereum network, Quant focused on facilitating interoperability within the crypto-verse. In fact, QNT is the first crypto that aimed to address the issue of blockchain accessibility. To tackle this, the team developed the first “blockchain operating system,” the Everledger.
Unlike other crypto projects with complicated blockchains and bridges, Quant serves as an operating system that sits on top of all blockchains. This design facilitates seamless and faster communication and sharing of data for all the distributed ledgers of the world. QNT is one of the best investment options in 2023 as it gives investors a first-class seat at an interoperable crypto-verse.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Theta (THETA)
Theta is an innovative blockchain project that focused its attention on data storage, handling, and transaction sector. This undervalued crypto is one of the few cryptos that aims to tackle the issues related to digital advertising or video networking. THETA, the native token of the Theta Decentralized Network, is an open-source, public protocol that aims to drive the next generation of content streaming platforms.
Being a decentralized Content Delivery Network (CDN), it solves the centralization problem of CDNs.All traditional CDNs are geographically close to end-users, which increases their connection speed. But Theta is far closer to the user. Even your neighbor could be an edge node.
The network allows developers and video aggregators to build, launch, and deploy decentralized streaming apps on top of the blockchain. Theta mainly focuses on eSports, TV/Movies, enterprise conferencing, music, educative, and streaming content. One key reason to buy THETA now is the support from multi-billion dollar businesses like Samsung and Sony. In the future, Theta could also be the solution for faster speeds for streaming video and video games.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Klaytn (KLAY)
Klaytn, Kakao’s global public blockchain project, is one of the most innovative enterprise-grade service-centric platforms that came into the limelight recently. It offers a user-friendly blockchain experience to millions of users and specifically caters to business clientele.
KLAY, the native token of the network, is one of the top 5 undervalued cryptos to buy in 2023, given its massive potential for growth in the future. Several highly reputed brands and businesses have adopted Klaytn to create a reliable and efficient business platform on top of this robust decentralized network. The crypto allies businesses and renowned entrepreneurs to capture value by leveraging its blockchain technology. By developing a flexible, value-driven end-user service, Klaytn aims to fuel mass blockchain adoption, making it an ideal buy now.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
These are some of the best but lesser-known cryptos that have not only survived but excelled in growth, even during the harsh phase of the crypto sphere. Considering technological developments, price, support, expert opinions, use cases, and competition, these are the top 5 undervalued crypto coins to buy now for profitable returns in the long run.