In the crypto world, most investors focus on the largest cryptocurrencies such as Bitcoin, Ethereum, XRP, and Co. However, there are still coins that can increase massively in the coming weeks and months but are still undervalued at the moment. Let’s mention those 3 undervalued cryptos that can explode in 2022.
Undervalued Cryptos – How to spot good Cryptos?
If we look at the crypto market in 2022, we see 3 major trends that are driving the cryptocurrency market at the moment:
- The Metaverse
Blockchain solutions that offer solutions in one or more of these areas have high chances of success and increasing value in the future. These include the following 3 cryptocurrencies.
#1 The Sandbox (SAND)
At the moment there are numerous solid projects supporting the metaverse. The Sandbox (SAND) seems to be the most solid project. To date, The Sandbox has sold over $350 million worth of virtual properties. Furthermore, The Sandbox tries to merge the metaverse with NFTs by wanting to represent two-dimensional NFTs in a three-dimensional form in the metaverse. The Sandbox is one of the still undervalued cryptocurrencies in 2022.
#2 Chainlink (LINK)
Decentralized financial services require smart contracts so that they can offer financial services over the blockchain. The so-called decentralized oracles help to integrate data from the analog world into the blockchain world. Chainlink offers possibly the best oracle platform on the market. Lending, decentralized staking, and decentralized trading will benefit greatly from Chainlink. Chainlink has recently lost a lot of value and is currently one of the undervalued cryptocurrencies in 2022.
#3 Avalanche (AVAX)
Avalanche (AVAX) has developed into a major Ethereum competitor in a very short time. Avalanche allows developers to build decentralized applications and further individual blockchains known as “subnets”. Compared to Ethereum, Avalanche has a much higher transaction speed of 4,500 transactions per second. Furthermore, the low costs are ideal for DeFi and NFTs. Avalanche is growing strongly in the NFT market. Avalanche remains one of the undervalued cryptocurrencies in 2022.