14 Most Undervalued Cryptocurrencies to Invest in 2024
The goal of just about everyone that invests in crypto or stocks is to find an undervalued asset that they’re able to extract profit from. However, finding the most undervalued crypto projects requires a huge amount of research and can be rather difficult.
Throughout this guide, we’ll be taking a look at 10 of the most undervalued crypto projects that can be purchased right now, discussing what makes a project undervalued, and explaining where to find the most undervalued cryptocurrencies in 2024. Let’s get started.
Most Undervalued Crypto Projects to Invest in Now
- First truly multi-chain Doge token, promising interoperability across major blockchains
- Easy to buy and claim $DOGEVERSE tokens during presale phase
- Could be the next Doge-inspired coin to explode in 2024
ETH
usdt
- Brand new South Park-inspired seal-themed SOL meme coin
- Ideal coin to buy in presale ahead of the expected summer meme coin frenzy
- Thought to be by the team that was also behind the viral SLERF coin
Solana
- Infinitely upgradeable AI meme coin, with modular technological capabilities.
- Huge staking rewards available everyday during presale.
- Presale price rises every two days - buy now to benefit from best price before listing.
- ETH
- usdt
- First of its kind daily rewards based on the performance of Mega Dice Casino
- $DICE holders can enjoy 25% rev-share through the Mega Dice Referral Program
- $2,250,000+ USD airdrop for casino players
- Solana
- ETH
bnb
- Learn-to-Earn platform that rewards users for learning about crypto
- Stake $99BTC tokens in secure smart contract to earn passive rewards
- Get the edge in fast-moving markets with expert crypto trading signals
- ETH
- usdt
Bank Card- +1 more
- Innovatives VR & AR Gaming Project
- Aiming to Raise $15M Across 12 Rounds
- Token Holders Get Lifetime Access to VR Content
- ETH
- usdt
- Bank Card
- Trending meme coin with P2E utility & staking rewards
- Price up 10x in past month, rumors of Binance listing
- 12k+ holders and growing
- Bank Card
- usdt
- ETH
- Buy and hold $SMOG to generate and earn airdrop points
- 35% of supply reserved for future airdrop rewards
- Viral potential after pumping over 1000%
- usdt
- Solana
- Native BSC token
- Audited by Coinsult
- Long-term rewards for holders
- bnb
- usdt
- Bank Card
- New meme coin offering an immersive experience via high-stakes battles
- Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% p/a
- Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
- ETH
- usdt
- bnb
- First crypto-based lending platform, allowing loans up to 75% of the total Memereum assets.
- Comprehensive insurance coverage for digital coins and precious metals, including gold and silver.
- High-value holders get state-of-the-art NFTs, valued over $1,500 in the open market.
- bnb
- usdt
- ETH
- BlockBets is the future of cryptocurrency gaming with casino, sportsbook and poker offerings.
- Offers 1000x leverage trading with over 20 top cryptos supported with no bid-offer spreads and competitive fees.
- Early presale investors get daily passive staking rewards, the chance to win a share of 5% of all buybacks, as well as BlockBets credits.
- ETH
- usdt
- bnb
The 10 Most Undervalued Cryptos to Buy Today
Below, we’ve rounded up a few of the top undervalued cryptocurrencies that have the potential to explode over the coming months. The projects we’re looking at offer a wide variety of use cases and comprise some of the top cryptos with the most potential in 2024.
- Dogeverse – Most undervalued meme coin offering a multi-chain experience and high staking yield
- WienerAI – New AI-powered crypto trading project with huge potential
- Sealana – New presale meme coin set to capitalize on Solana meme craze
- Mega Dice Token – Recently launched coin of popular crypto casino that issues rewards based on the casino’s performance
- 99Bitcoins Token – Learn to earn with this new token that combines learning with the ability to earn crypto
- 5th Scape – Innovative project merging VR and blockchain technologies, raised over $5 million.
- Sponge V2 – Sponge V1 did 100x in 2023, Sponge V2 aims to outperform with a play-to-earn game.
- Smog – Popular meme coin with the greatest airdrop on Solana.
- eTukTuk – Green crypto project fighting climate change with electric tuk-tuks.
- Chainlink – Data-driven cryptocurrency project that is packed with intrinsic value.
- XRP – Transactional cryptocurrency that is used by multiple banks and financial institutions.
- Immutable X – Project created to facilitate interoperability between blockchains
- Basic Attention Token – A crypto project that is reshaping online advertising.
- Cardano – Popular crypto project building a secure smart contract ecosystem.
Analyzing The Most Undervalued Crypto Coins
We’ve taken a quick look at each, so now it’s time we delve into our reviews of the most undervalued cryptocurrencies in 2024.
1. Dogeverse – Most Undervalued Meme Coin Available on Six Blockchains with Presale Reaching its Conclusion
Dogeverse is our pick for the most undervalued meme coin as it fuses the virality of meme coins with actual utility. The token is a multi-chain meme coin available on Ethereum, Binance Smart Chain, Avalanche, Base, Polygon, and Solana. This means that $DOGEVERSE token holders can easily swap between chains, making it a convenient bridge token with minimal gas fees as well as a fun meme coin.
The token has already had a successful start to the presale, with over $13 million raised. Currently, the token is available for just $0.000305, a fraction of its potential valuation post-listing. We expect this price to jump significantly as investors realize its utility in swapping between chains.
The token also offers high staking yield to holders with an estimated 85% APY. Tokens will be awarded at a rate of 6088 $DOGEVERSE per Ethereum (ETH) block, and rewards will be spread out over 2 years, helping sustain the price of the token longterm. Already, the hype is starting to build as the presale reaches its conclusion. As a result, we expect the value of this token to rise sharply once the token is listed on exchanges.
Stay in the loop by checking out their X (Twitter) profile and joining the Telegram channel for updates.
| Presale Started | April 2024 |
| Purchase Methods | ETH, SOL, BNB, MATIC, AVAX, BASE, USDT and Card |
| Chain | Ethereum |
| Min Investment | None |
| Max Investment | None |
2. WienerAI – New AI-Powered Crypto Trading Project with Huge Potential and $800k Raised in Presale So Far
WienerAI combines AI, crypto trading, and memes into one super-charged token, WAI. The project offers an AI trading partner that is user-friendly and can give users that essential edge needed to make it big on the crypto markets.
WienerAI brings a new dimension to cryptocurrency trading, offering an AI-powered interface that is instant, predictive, and user-friendly for beginners. With WienerAI, users can simply ask a question related to their investment needs, and the AI bot will utilize its predictive technology to scan the markets, seeking out potential winners. Once identified, WienerAI provides unbiased analysis and reasoning, empowering users with valuable insights.
Explore the project on X (Twitter) and stay updated by joining the Telegram channel.
| Presale Started | April 2024 |
| Purchase Methods | ETH, BNB, USDT, and Card |
| Chain | Ethereum |
| Min Investment | None |
| Max Investment | None |
3. Sealana – Viral New Solana Meme Coin with Chubby Seal Mascot and Freshly Launched Presale
Sealana is next on our list as it’s a freshly launched meme presale that has only just started to pick up steam, and it capitalizes on the current Solana meme coin bull run. The presale has already raised almost $150k in the first 24 hours, prompting speculation that it could be the next viral meme coin to follow in the footsteps of coins like Slerf, Slothana, and BOOK OF MEME.
There are also rumors swirling around that the team behind the token has been involved in other recently viral meme coin presales, such as Slerf, and that some partnerships could be looming on the horizon. This could be promising for the crypto and fuel the token’s journey to the moon
Get involved with the project by following it on X (Twitter) and joining the Telegram channel for all the latest news.
| Presale Started | April 2024 |
| Purchase Methods | SOL |
| Chain | Solana |
| Min Investment | None |
| Max Investment | None |
4. Mega Dice Token – New Token of Popular Crypto Casino; Stakers Receive Rewards Based on the Casino’s Performance
Mega Dice Token is next on our list of the most undervalued cryptocurrencies, as it offers an innovative staking mechanism where users can earn rewards based on the performance of the Mega Dice casino itself. With $50,000,000 wagered every month on the Mega Dice Casino and over 10,000 active monthly players, this could prove extremely lucrative for $MEGADICE holders.
Token holders also receive a host of other benefits and rewards, including eligibility for upcoming airdrops totaling $2.25 million, limited edition NFTs, special privileges, and daily payouts. Another exciting feature is the 25% referral bonus where $DICE holders will receive a 2% revenue share for anyone they refer – for life!
Anyone who joins the presale will also receive bonus $DICE tokens and be able to stake tokens early, bolstering their investment even further. Price at only $0.69, this token is hugely undervalued when you take into account all the benefits it offers holders.
Check out the project on X (Twitter) and join the Telegram channel for the latest updates.
| Presale Started | April 2024 |
| Purchase Methods | SOL, BNB, and Card |
| Chain | Solana |
| Min Investment | None |
| Max Investment | None |
5. 99Bitcoins Token – Learn-to-Earn Token with Huge Upcoming $99,999 Airdrop and Incentivized Learning Platform
99Bitcoins Token is a newly launched crypto token from 99Bitcoin, one of the most trusted websites for unbiased and factual information about Bitcoin and other cryptocurrencies. It has a Learn-to-Earn model, which we value as a factor in promoting the project’s long-term viability, combined with the reputation of the website.
99Bitcoins has also announced an exciting airdrop where they will distribute $99,999 worth of BTC to 99 lucky winners. They’ve offered 10 different ways to join the airdrop, including taking part in the $99BTC presale which is currently ongoing and has just raced past the $1 million raised mark.
$99BTC will also be bridging to the BRC20 standard, allowing holders exposure to the price of Bitcoin and to be on the new frontier of Bitcoin developments.
Follow the project on X (Twitter), and don’t forget to join the Telegram channel for real-time updates.
| Presale Started | April 2024 |
| Purchase Methods | ETH, USDT, and Card |
| Chain | Ethereum |
| Min Investment | None |
| Max Investment | None |
6. 5thScape – Crypto Project Merging Virtual Reality and Blockchain Technologies
5thScape is a new innovative project that combines blockchain and virtual reality in the form of games and applications. With over $5 million raised during the presale, the interest for the $5SCAPE token looks strong. Investors who want to buy the token before it launches on exchanges, could get a better deal in the presale where the price of one token stands at $0.00327 during the current stage, making it an undervalued crypto currently.
The token is available for purchase on multiple blockchains using coins like ETH, MATIC, BNB and USDT. Investors can also use a card to buy crypto directly and then swap it for the token on the 5thScape presale site. No matter which option you choose, though, you need an Ethereum-compatible wallet like MetaMask to store the tokens.
$5SCAPE will be the project’s utility token that will give access to premium VR content and give voting rights in the future DAO. There’s a hint of staking rewards coming in the future as well, and holding $5SCAPE could be worth it.
Check out the 5thScape whitepaper for more information. Also, follow 5thScape on X and join the 5thScape Telegram channel to stay updated.
| Presale Started | 2024 |
| Purchase Methods | ETH, BNB, MATIC, USDT, and Card |
| Chain | Ethereum |
| Min Investment | None |
| Max Investment | None |
7. Sponge V2 – Undervalued Crypto Project Building a Play-to-Earn Game
Sponge V2 is the upgraded version of Sponge V1, which saw its price surge 100x from its presale prices and reach a market cap of $100 million in 2023. The new iteration aims to outperform its predecessor and bring more utility to the coin via a play-to-earn racing game with meme characters.
The only way to get your hands on $SPONGEV2 is to buy the V1 version, $SPONGE. You can then stake it on the Sponge V2 presale site to get the new tokens in return. Buy the tokens with ETH, USDT or a card, and stake them. There’s also a 160% staking APY at the moment.
The project will run in three stages where the first stage is designed to bridge the V1 to V2 tokens. After that, the token will be listed on exchanges during stage two. This is also the stage where the game is being built. The final stage marks the release of the play-to-earn game and the token listing on major exchanges.
Join the Sponge V2 Telegram channel or follow Sponge V2 on X for the latest information.
| Presale Started | 2024 |
| Purchase Methods | ETH, USDT, and Card |
| Chain | Ethereum |
| Min Investment | None |
| Max Investment | None |
8. Smog – Popular and Undervalued Meme Coin Making the Greatest Airdrop on Solana
Smog is an undervalued meme coin on Solana with less than $70 million fully diluted market cap. At one point it traded at over $400 million after it launched, showing meme coin trader interest. The main goal of this meme project is to airdrop token rewards to eligible wallets. Simply hold $SMOG tokens in your wallet and you can get rewarded.
There are two ways to buy $SMOG: on a decentralized exchange or the Smog website. On Solana, use the Jupiter aggregator, or use ETH, USDT or a card on the Smog website. Choosing the latter lets you stake $SMOG for a 42% APY.
Earn more rewards by participating the Zealy campaign where you complete quests to earn points. Combined with holding $SMOG in your wallet, you could be looking at some decent airdrop in the future.
Join the official Smog Telegram channel and follow Smog on X to learn more about the project and get the latest updates.
| Presale Started | 2024 |
| Purchase Methods | SOL, ETH, USDT, and Card |
| Chain | Solana |
| Min Investment | None |
| Max Investment | None |
9. eTukTuk – Green Crypto Project, Fighting Climate Change, Raised Over $3 Million
eTukTuk is a green crypto project that aims to fight climate change by building electric tuk-tuks and a decentralized charging network with AI powered route optimizer. Over $3 million have been raised during the presale, showing investor support for groundbreaking projects.
Early investors can participate in the token presale and buy $TUK with BNB, USDT, ETH or a card. There are staking feature available during the presale where you earn 84% annual percentage yield while waiting for the presale to end.
Play-to-earn enthusiasts can try the mobile game for Android devices where you drive a virtual eTukTuk on the streets of Sri Lanka.
Foin the eTukTuk Telegram channel or follow eTukTuk on X for the latest updates.
| Presale Started | 2024 |
| Purchase Methods | BNB, ETH, USDT, and Card |
| Chain | Ethereum |
| Min Investment | None |
| Max Investment | None |
10. Chainlink – Data-Driven Crypto Project Packed with Intrinsic Value
Chainlink (LINK) is a favorite among investors looking for the best future cryptocurrency projects. The project was created as a way to implement data gathered off-chain into on-chain projects. This has massively opened up what’s possible in the world of crypto and web3.
With Chainlink offering such an in-demand service, it should be of little surprise that the project has been picked up a plethora of high-profile entities including Aave, Polygon, and even Google Cloud. Thanks to its first-mover status and its long list of established partnerships, the project is likely to continue growing for the foreseeable future.
Chainlink is one of the most impressive crypto projects on the market right now. It offers investors a huge amount of intrinsic value at a comparatively low cost compared to the token’s previous highs. Being one of the best altcoins available right now, it’s well worth keeping an eye on LINK throughout the coming months.
11. XRP – Transactional Cryptocurrency Held Under Water by Legal Issues
Created by David Schwartz and Jeb McCaleb, XRP is a transactional cryptocurrency focused on creating a simple, low-cost, and energy-efficient solution for internal money transfers and currency conversion. While Schwartz and McCaleb later formed Ripple Labs to boost the XRP ecosystem and build use cases, it’s a common misconception that Ripple created XRP.
While XRP has cemented itself as a transactional powerhouse through tactical partnerships with a number of well-regarded institutions like the Bank of America, the project has since expanded its goals. In 2021, the XRP Ledger (XRPL) was launched, giving the network smart contract functionality and allowing new applications to be created using the XRP network.
While XRP has proven itself as a strong asset, a recent lawsuit from the Securities and Exchange Commission (SEC) has led to doubt among some investors. The courts found in favor of Ripple regarding selling XRP on public exchanges. However, Ripple was also found to violate securities laws by selling to institutional buyers.
This long protracted court case is still ongoing and we’ll have to wait and see how things play out. The outcome could make XRP one of the top cryptos to watch right now.
12. Immutable X – Project Created to Facilitate Interoperability Between Blockchains
Immutable X is our choice for the most undervalued web3 gaming projects on the market today. The project is a Layer-2 solution for games and NFTs that has been picking up steam but has yet to really lift off. It’s secured on Ethereum and powered by StakWare which allows Immutable X to offer gas-free minting of NFTs. It also supports game developers with SDKs and APIs as well as direct support from its experts.
While Immutable already has an impressive roster, it hasn’t fully experienced the same bull-run boost as other projects. That’s why we think it has huge potential. The platform boasts over 150 games and 20+ marketplaces with an ecosystem totaling $1 billion. Some popular titles include Illuvium, Gods Unchained, and Guild of Guardians. However, the token price is down 76.38% from its all-time high in November 2021, meaning there’s a lot of room for upside.
The project has experienced a slight uptick in recent days, hot on the heels of announcing a new partnership with Polygon Labs and King River Capital. This partnership involves the creation of a $100 Inevitable Games Fund. This fund will see a huge injection of cash into the web3 gaming ecosystem, all underpinned by Immutable X’s infrastructure. Already, investments in games like Pixelmon, and Guild of Guardians are in the pipeline.
13. Basic Attention Token – Crypto Project Reshaping Online Advertising
Perhaps the best-undervalued cryptocurrency for 2024 within the advertising space is the native cryptocurrency of the Brave browser, the Basic Attention Token (BAT). One half of the BAT ecosystem, the Brave browser is a privacy-focused web browser with a built-in ad blocker.
The token is used to reward people browsing the web for the opt-in advertisements they see, boosting engagement between adversities and users. Furthermore, the BAT concept has enabled advertisers to get a far greater return on their ad spend than would be possible using other platforms.
The Brave browser has been gaining a large number of users as of recent thanks to its innovation and improvements to a service used by nearly every internet user on the planet. Although the future price of BAT will be heavily linked to the success of the Brave browser, things are looking promising for this interesting project. With 50.2 million people actively using the browser, it’s only a matter of time before BAT starts to skyrocket.
14. Cardano – Popular Crypto Project Building a Secure Smart Contract Ecosystem
Rounding off our list of the most undervalued crypto projects is Charles Hoskinson’s Cardano (ADA). While the token was launched in 2017, it gained traction in 2021 as an alternative to Ethereum, eventually climbing to an all-time high of around $3.10. Although the token may still be among the top ten cryptos, its potential has yet to be fully realized in this bull run.
The project was designed as a heavily decentralized and secure blockchain and has been successful on this front. Cardano was one of the first large-cap cryptocurrencies to implement the proof-of-stake (PoS) consensus mechanism, which has now been adopted by post-merge Ethereum.
While many investors aren’t a fan of the time it takes for Hoskinson to fulfill his goals, it seems logical that it’s better for updates to take a while rather than be rushed and insecure. As it stands today, Cardano is one of the largest cryptocurrencies on the market, and with a loyal community, it’s unlikely for this status to fade anytime soon.
What Makes a Cryptocurrency Undervalued?
While it’s true that ‘undervalued’ will be a subjective term, the majority of investors will likely be able to agree on a few key attributes that make a cryptocurrency undervalued. Typically, if an asset has greater intrinsic value than perceived value, it can be considered undervalued.
Intrinsic value simply refers to a project’s utility. For example, if a certain cryptocurrency provides a service that is actually needed within the industry, it will always have a utilitarian demand, helping to bolster its value regardless of the current market conditions.
On the other hand, perceived value is what investors believe an asset is worth. This is influenced largely by hype and buyer sentiment. As such, once things start going awry, perceived value tends to melt away as interest in an asset declines.
How to Find Undervalued Crypto
There are a plethora of techniques for finding the top undervalued cryptocurrencies. We’ll share a few of the most powerful.
Analyze Price During Market Downturns
Although it might seem counterproductive, looking for undervalued assets during periods of negative growth can be a great way to find some low-cap crypto gems. When the market is suffering, overvalued assets will likely decline faster or to greater proportions. However, undervalued assets will remain strong and decline comparatively less despite the macroeconomic conditions.
Search for Trending Projects
Websites like CoinMarketCap are packed with statistics on almost every cryptocurrency on the market. Searching these platforms for projects that have been trending or experiencing increased volume for longer periods of time can be a big help when it comes to finding undervalued crypto for 2024.
However, it’s important to look at the price history to ensure that an asset hasn’t experienced a recent pump that could have pushed it into overvalued territory.
Compare an Asset to Similar Projects
While this method isn’t perfect, it can be a great way to figure out which projects are undervalued when the proper research is done. Comparing the value of one asset to another similar project can be helpful but it’s crucial that both projects fulfill very similar objectives, have similar statistics, and have similar tokenomics.
Look for Projects with Ample Intrinsic Value
Naturally, looking for a project packed with intrinsic value and utility is a large part of finding undervalued projects. If an asset is priced cheaply when considering its function, then it could make for a good long term crypto investment. Conversely, just because an asset is cheap doesn’t mean it’s a good investment, must also provide ample value for its target audience.
Conclusion
Throughout this article, we’ve taken a look at some of the most undervalued crypto projects available to purchase right now, discussed what makes an asset undervalued, and provided a few techniques that can be used to find undervalued assets.
While each of the projects we’ve mentioned is strong, throughout our research, we noticed that one, in particular, has massive room for growth. One of the top cryptos right now is Dogeverse, which is bridging across six leading blockchains and offering 85% APY to presale investors.
Undervalued Crypto FAQs
What is the most undervalued cryptocurrency?
Although each of the projects we reviewed in this list can be considered undervalued, a couple of cryptos showed huge room for growth. Dogeverse and WienerAI seem primed to take off as core functionality begins to get rolled out, making them worthy of consideration.
How do I tell if a cryptocurrency is undervalued?
There are many factors that affect whether an asset is undervalued. However, in short, if an asset offers more intrinsic value than its perceived value, it can be considered undervalued and could make for a solid investment (as long as its fundamentals are sound).
Which crypto will boom in 2024?
It’s impossible to predict which projects will explode with 100% accuracy. However, Dogeverse is off to a great start with it now available on six blockchains and an impressive presale that has already raised over $13 million.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.About the Author
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