There have been remarkable increases in altcoin prices in the past few years. As a result, the cryptocurrency market is looking for cheap tokens with great potential. With recent selloffs affecting digital currency prices, it's not surprising that cheaper coins will seem attractive because of their upside potential. The crypto market is experiencing a period of consolidation, while traders are awaiting the next bull run.
We have asked crypto industry specialists: crypto traders, crypto investors, blockchain technology enthusiasts, what is their best pick for undervalued tokens in July and August 2021. We wanted to know their opinion on which undervalued tokens are likely to increase in price by over 50% within the coming two months.
Below you can find their comments. I encourage you to read through them to find the best investment opportunities for your portfolio.
We have asked 1335 Experty community members questions related to "Best undervalued cryptocurrencies and tokens in July - August 2021". We have received many valuable replies, the best ones (based on Experty community feedback) you can read below.
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Business Analyst /Blockchain Enthusiast
Which undervalued tokens are likely to increase in price by over 50% within the coming two months? Why do you think that?
1. Symbol from NEM (XYM): Symbol is a new Blockchain protocol launched in the first half of 2021 from the same team behind the #NEM NIS1 blockchain. Though the development of the blockchain was going for years, the dapps were also built parallel from the vendors. So as soon as the Symbol blockchain was launched, the NFT platform, and going big new NFTs from football players to Kpop artists coming in the next few months. Also, the supernode program also commenced last month and so we can expect a lot of exchanges trying to become supernode by accumulating a lot of XYM ( as 1M XYM is the minimum requirement for becoming a supernode). The above items will spur the demand for XYM and will see the valuation going up at least 50% in the coming month 2. WAX : The protocol which saw the maximum benefit from the NFT craze was WAX protocol as it was most suited for the NFT. Now WAX is also entering defi with ETH bridge thereby the WAX token can be converted to ETH tokens and can be lent in existing DEX . Also, there is a plan to introduce crypto kitties/bears along with DEFI systems on WAX. So there is a high chance that WAX will explode in the coming months. 3. CRO (from crypto.com). crypto.com has got exchange, NFT marketplace, wallet, defi wallet, debit card, earn cum payment app etc all required for a crypto bank . With recent F1 sponsorship , it is going to get a lot of eyeballs and hence one expect a spike in prices. 4. Dogecoin/ Baby Doge: They can any day go up by 50% but they just require one tweet from Elon musk PLENTY : is a defi system built on Tezos which is still beta phase but once it goes live, one can expect huge demand for it.
Advocate Anthony WilliamsBlockChain Polymath
Which undervalued tokens are likely to increase in price by over 50% within the coming two months? Why do you think that?
The following coins have the best potential to gain about 50% from there present values during July & August 2021: 1. Cardano ADA (Probability 90%) 2. THETA THETA(Probability 80%) 3. Compound COMP (P 70%) 4. The Graph GRT (P 60%) 5. BitTorrent BTT (P 50%) 6. Axie Infinity AXS (P 50%) 7. Flow FLOW (P 50%)
Ishola AkeemCommunity manager
Which undervalued tokens are likely to increase in price by over 50% within the coming two months? Why do you think that?
For me, if I have some bucks I will go for WIS itself because it has a good potential and according to my research WIS term are working to make their project one of the best.
Jignesh BeladiyaSoftware Engineer
Which undervalued tokens are likely to increase in price by over 50% within the coming two months? Why do you think that?
1st one on my list is HYDRO by Project Hydro which is a decentralized and open-source ecosystem securing the web3 reality using Multi-chain protocols. Hydro ecosystem contains six protocols for different purpose named Raindrop (Authentication protocol), Snowflake (Identity protocol), Ice (Document protocol), Tide (Payment protocol), Hail (Tokenization protocol), and Mist (Artificial Intelligence protocol). 2nd is BAT (Basic Attention Token), which is designed for use in the Brave browser. BAT the unit of reward in the advertising ecosystem, and is exchanged between advertisers, publishers and users. It solves the endemic inefficiencies and privacy violations hobbling the digital ad industry. 3rd is CHZ (Chiliz), which is the leading digital currency for sports and entertainment. Fans can CHZ to purchase & trade branded Fan Tokens which give users decision-making power by allowing them to vote on polls which published on the Socios app. 4th is ZIL (Ziliqa), which is a public and permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of TPS. Sharding is one of the most promising solutions to scale blockchain, and Zilliqa has become the first public blockchain to implement it.
Ifedayo GbengaBlockchain enthusiast, interested in crypto projects that are solving real world problems.
Which undervalued tokens are likely to increase in price by over 50% within the coming two months? Why do you think that?
In my opinion a lot of tokens are way too undervalued currently. Few of these tokens I am going to lost here. 1. XLM- Is gaining traction these last few months and is a potential replacement for XRP by my books. I expect an upside from stellar as soon as markets become undoubtedly bullish 2. Cardano is another project I have been keeping my eye on these past few months, its growth trend is way upside 3. Ethereum should soar considerably higher due to the forthcoming London update which offers scalability.
Olumide BamgboseSales
Which undervalued tokens are likely to increase in price by over 50% within the coming two months? Why do you think that?
I believe the following are Sure to give good returns from current market levels. These are altcoins with real use purpose either in bridging financial transactions or NFT based ADA MATIC HBAR XLM TVK IOTX TEL
Tobi Micheal OlaitanManager / Crypto Passionate
Which undervalued tokens are likely to increase in price by over 50% within the coming two months? Why do you think that?
The fall of BTC almost brought most alt coins to dust. Nevertheless the recent spike gives hope of a forthcoming bull run. Only the projects with effective use case such being a native coin of a blockchain and gas fee for their exchanges have high tendency to moon. In view of this, I recommend the following tokens: 1. KCS - Kucoin Token, Smart Chain 2. FEG - Feed Every Gorilla, FegEx 3. CAKE - Pancake Swap, Staking My best 3 recommendations. They will moon. Just thank me later.
Olagbadun OlatundeCryptocurrencies Trader, Revain Author
Which undervalued tokens are likely to increase in price by over 50% within the coming two months? Why do you think that?
The most undervalued cryptocurrencies at the moment seems to be from cub and Seedify fund. Cub as my starting point is undervalued because I think I many Defi out today is anon, yet Cub is been carried out by developers who are ready to work the present perfect for a Defi project. They don't bring up new updates but work on the old to perfection. SeedifyFund is undervalued because despite it's huge benefits in enriching projects both based on Blockchain and Conventional world, many are yet to tap into it.
Offelia OggA farm and a laboratory that utilize blockchain technology for genetic purposes.
Which undervalued tokens are likely to increase in price by over 50% within the coming two months? Why do you think that?
In my watchlist I have OXT (Orchid). This coin is traded under 30 cents and has total supply about 1,000,000,000 tokens. The price is low for such value of coins. It has a strong and interesting project behind. The team of Orchid creates a crypto-powered vpn. Moreover the CEO of project is Dr. Steven Waterhouse, who also a co-founder of Pantera Capital. More about this you can read on CMC.
Victor OsibajoIT Consultant / Certified Crypto Trader
Which undervalued tokens are likely to increase in price by over 50% within the coming two months? Why do you think that?
The following tokens are just at the giveaway price at the moment if BTC maintain its upward movement. 1. UNFI (Unifi Protocol DAO), which brings modern technology to the financial world. The whitepaper, active team and the website said it all and the busy community must not be overlooked. 2. OGN (Origin Protocol) a network that allows market participants to share goods and services through peer-to-peer (P2P). The superb active team can be seen on the GitHub repo and they are maintaining their roadmap with new innovations. 3. eGLD is entirely cheap. The ever-busy team with the weekly reports on the development is second to none in the crypto space. When we talk about partnership that can making any business strive, they have no competitors at the moment. With Maiar App with Herotag that eliminates the cumbersome of complex address and the launch of DEX that is far approaching,
Summary
As you can see, the opinions are diverse. Many of the provided altcoin projects are under the radar. It will be interesting to see which one of these projects will reach success and gain a significant market share.
Before you invest, please do your due diligence. Below you can find some hints that most investors advise:
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.