Which coins are undervalued in 2024?
Which coins are undervalued in 2024?
Among the zillions of coins listed on the market, which one(s) do you think is/are undervalued right now? And why? I believe Litecoin is an undervalued cryptocurrency because of its limited supply (84m coins), greater transaction capacity (than Bitcoin), and built-in privacy features (Mimblewimble). I also believe Elastic (XEL) and Golem (GNT) are undervalued as they’re decentralized supercomputing networks with limitless potential.
What is/are your pick(s)? Your input would be greatly appreciated.
I think the following four coins are undervalued and the main reason would be that they do not have the kind of hype they used to have in the early days. All of them are utility coins and were created to solve a specific problem which made them unique. In 2024 everyone is going after the meme coin craze and that is the reason the following coins are undervalued as per my observation.
Filecoin (FIL)
UNISWAP (UNI)
The Graph (GRT)
Cosmos (ATOM)