Top 12 Underrated Altcoins That Have Major Potential to Bring in Huge Profits

The cryptocurrency industry experienced a great price increase in the second half of 2020 and throughout 2021. In 2022, however, bearish markets drove prices down, and it still continues to force them lower in July. However, for long-term investors, this may not make much difference. Their goal is to find underrated crypto and invest in them with the goal of keeping the coins in their possession for years.

No matter how long the bear market lasts, it will eventually stop and be replaced by bulls, and once that happens – prices will once again reach prior records, and possibly beyond. But, when it comes to low rating coins, they have the greatest potential, as they have not yet achieved their full potential. Whatever is happening with the market, these coins are usually cryptos that are launched in the market too quickly for them to appreciate. A good example is Decentraland, which started many years before the metaverse became a popular trend.

The job of a long-term investor is to find altcoins that will be big in the future, or, more accurately, those that have the potential to grow bigger in the future. Along with that, we’ve put together a list of 12 such cryptocurrencies, so check them out, and consider investing in them if you find them equally worthy of your support.

1. Alpaca Finance

First on our list is Alpaca Finance, the largest lending protocol that allows leveraged yield farming on Binance Smart Chain. The project allows lenders to earn secure, stable returns while offering undercollateralized loans to borrowers for leveraged yield farming positions. As a result of applying leverage, it offers very high farming principles and the profits that come out of it.

The project also acts as a enabler for the entire DeFi ecosystem, allowing it to increase the liquidity layer of integrated exchanges as well, thus connecting lenders and borrowers to improve their capital efficiency.

To learn more, visit our investing in alpaca finance guide.

2. Cardano

Next, we have Cardano, and it may seem strange that this project has been underestimated given its size and popularity, the fact that it is priced well below its potential. Especially since Cardano launched smart contracts in late 2021, which allows it to count itself among the top quality Ethereum alternatives.

Cardano now allows the creation of smart contracts, dApps, DeFi protocols, DEXs, metaverses and all other blockchain products. In addition, it has 3 more development epochs, having completed only 2 of its initial 5. Therefore, Cardano is easily one of the top ones when it comes to underrated projects that are excellent long-term investments.

Invest in our Cardano guide to learn more.

3. Gala Games

Gala Games, or simply Gala, for short, is a gaming project based on blockchain technology. However, it is much more than that, as it has a very important mission of giving players control over their game. With the gaming industry now selling games and other types of related content online through providers such as Steam, players no longer have copies of them.

They are given in-app, but if the app ever decides to remove them, there’s nothing players can do to stop them. Not to mention that they spend hundreds of dollars on in-game assets that still don’t really belong to them. Gala Games intends to use NFTs to change that, and make you the true owner of anything and everything you buy.

Visit our Investing in Gala Games guide to learn more.

4. Aragon

Moving up to fourth place, we have Aragon – a decentralized platform based on the Ethereum network led by one of Forbes 30 under 30 – Luis Kuende. Cuende created a platform that provides a modular way to build and manage blockchain products.

This includes everything from dApps and crypto protocols to DAOs, and more. The project also has its own native crypto, ANT, which is primarily used as a governance token. The main goal of the project is to allow users to build DAOs on open-source infrastructure using governance plugins. It believes that DAOs are the future, and therefore its DAO generation platform is simple, modular and highly adaptable.

Visit our investing guide in Aragon to learn more.

5. Solana

Next, we have Solana. It is perhaps the most scalable blockchain available today, which emerged in response to the scalability issues on Ethereum’s network. With Ethereum unable to scale, transactions have to wait for long periods of time to be processed. The hurryers had to first offer higher fees for their transactions, and the rest increased their fees so they didn’t have to wait either. As a result, if you can’t afford to pay, the average fee skyrockets, making blockchain impractical.

Solana emerged with the ability to easily process 100,000 TPS, while Ethereum, in comparison, can only do 15. In fact, Solana is starting to struggle at 400,000 TPS, according to its developers, which makes it the most scalable on-chain out there, and a go-to chain for dApps, smart contracts, and other blockchain products.

Visit our Investing in Solana guide to learn more.

6. Horizon

Halfway down the list, we have Horizon – a zero-knowledge-enabled network of blockchains powered by one of the largest node infrastructures in the crypto industry. Blockchain interoperability is enabled by the Zendoo protocol, which relies on SNARK verification, and provides complete flexibility in sidechain type, speed, consensus, and privacy.

Not only that, but the network supports over 10,000 sidechains with a throughput limit of 10 million TPS. In other words, Horizon is an unlicensed network of blockchains, and is probably one of the most important projects that will inspire Web3.

Visit our Investing in Horizon guide to learn more.

7. Baby Dogecoin

Next, we have the Baby Doge coin, one of many Memecoin inspired by the original Dogecoin (DOGE). Like the original coin, these coins are based on the Doge meme, only giving it a cute twist of making Baby Doge’s mascot a puppy. This single change made the coin extremely popular, although its value is still not highly valued.

Since DOGE itself survived for almost a decade, when it was expected to survive only a few weeks, the same is expected of the meme coin market. Of course, Memecoin needs to stand out from the rest, and Baby Doge is all set for it.

Visit our Baby Dogecoin investing guide to learn more.

8. Basic Attention Token

Next, we have the Basic Attention Token, which is highly underestimated. It is a native cryptocurrency of Brave Browser – a Web3 browser that allows users to control their data and decide when and what they want to see ads, rather than just going anywhere on the Internet.

Essentially, the idea is for the user to block all ads, and then only see the ads if they choose to. In return, they are being paid with a small amount of BAT. The browser has an integrated BAT wallet, along with several other features that make it worthy of being called a crypto browser. However, as it is competing against the giants like Chrome, Firefox, Edge, Safari and similar, Brave browser is slowly growing. Nevertheless, it continues to grow, and so will the value of the BAT over time.

Invest in our Basic Attention Tokens guide to learn more.

9. Casper Networks

Ninth on our list is Casper Network, the first live POS blockchain built from the Casper CBC specification. The platform was created to increase the adoption rate of smart contracts, decentralized apps and blockchain in general around the world.

The project has a future-proof architecture, and was designed to ensure that the platform will be continuously developed according to the needs of the users. Furthermore, it is meant to be maximally accessible to developers of all backgrounds. It aims to be useful for enterprises and individual developers alike and usher in a new era for Web3.

Visit our Investing in Casper Networks guide to learn more.

10. Stratis

Stratis is in tenth place. It is a blockchain-as-a-service platform that allows a number of key products and services for enterprises, such as the ability to launch a private sidechain, run full nodes, create and deploy smart contracts, create an ICO platform and many more. Essentially, it is able to offer any blockchain service the company needs, thus not needing to build it on its own.

We expect Stratis’ services to become extremely popular as blockchain adoption continues among all types of companies, especially with the development of Web3.

Visit our Straits Investing Guide to learn more.

11. Star Atlas

At the end of the list, we have the Star Atlas. It is a massively multiplayer online game that takes place in a metaverse, where it was created using Unreal Engine 5. The game’s plot takes place in the year 2620 in a futuristic sci-fi setting. At that point, three major factions are competing against each other – humans, sentient androids, and a confederation of various alien races.

They are all looking for valuable resources, and they are all trying to stop the other two from reaching them first. In addition, the game involves players researching the universe as they continue to look for resources among the stars, so the gameplay is a combination of many things, such as flight simulation, games of exploration and exploitation, combat, and more. some.

Visit our Investing in Star Atlas guide to learn more.

12. Band Protocol

Finally, we have the band protocol. It is a project that provides a decentralized oracle network, capable of using data from the real world and distributing it on-chain. That data can be used for smart contracts, dApps and other blockchain products, as well as by users. Of course, Band Protocol is not the first project of its kind. In fact, many see it as a competitor to Chainlink, which it is, and at the same time is not.

Since Chainlink is based on Ethereum, which is known for its issues regarding scalability and costly transactions, and Band is based on the much scalable Cosmos blockchain, the Band protocol has a clear advantage. However, considering the vast crypto industry that is only growing, many have said that the two do not need to be competitive, as there are more than enough projects for the two to work together.

Visit our Investing in Band Protocol guide to learn more.

conclusion

The crypto market is vast and rich with all kinds of coins and tokens. The list above is just a few of the coins we think have great potential, and we strongly recommend looking into them. If you agree with us, and you want to diversify your portfolio by investing in different assets over the long term, then definitely consider this list.

Source: www.securities.io