Top 3 Undervalue Altcoins Could Make 100x In 2022

The cryptocurrency markets are still in the red, with many investors very fearful. But Joe Parys, an entrepreneur in crypto, believes that this is the best time to jump in. He recommended the top 3 undervalued altcoins on the open market, giving you the chance to buy and multiply your money up to 100x even when the market is going down.

Breaking News

Before entering the list, Joe has shown some breaking news and updates to show how fearful the market is. This could be one of the best opportunities in 2022 to grab some of these cryptocurrencies.

Ivan on Tech said on Twitter: “You became scared and sold just like you sold the bottom in March of 2020. I’m bullish.”

The Greed and Fear Index is currently sitting at 23. Traders are in extreme fear about the market and this is a good chance to buy low and sell high. We could potentially keep going more back towards the upside again.

NFTs and mainstream adoption are coming and some of the biggest whales and institutions have bought even more Bitcoin while it is going down. Binance added over 43,000 Bitcoin, equal to billions of dollars, to their wallet during this dip.

They could be getting ready to sell that Bitcoin well to people looking to buy it and have some big over-the-counter deals or anticipating a lot more people coming in to buy Bitcoin. That will push BTC’s price and the market green again.

Polkadot (DOT)

The first undervalued altcoin to mention is Polkadot (DOT). Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for Web3.

DOT Chart | Source: Coinmarketcap

DOT Chart | Source: Coinmarketcap

Polkadot is sitting at $24.24 at press time, and its all-time high just a few months ago was $53, and you can see that it’s dipped back down to $24. That is minus 55% from its all-time high. If we were to go back to ATH, you would double your money.

More projects are going to be built on Polkadot. Polkadot and their ecosystem are massively undervalued. That’s why this altcoin takes first place on the list.

Shiba Inu (SHIB)

The next altcoin on the list is Shiba Inu (SHIB). Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.

The fear is at maximum, potentially doing the opposite in the long term. And if you pick the right coins, it can do very well.

The goal is to buy low and sell high, and Shiba is undervalued because all the hype has died off. There is not a lot of parabolic action. Everybody seems to be selling. These are the entry points that many people could potentially be looking for.

SHIB is trading at $0.000028, and the market cap is over $15.6 billion.

SHIB DOT Chart | Source: Coinmarketcap

SHIB Chart | Source: Coinmarketcap

PancakeSwap (CAKE)

Another token that is undervalued is PancakeSwap (CAKE). PancakeSwap is an AMM — DeFi application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.

PancakeSwap uses an automated market maker model to trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider tokens in return. It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain.

PancakeSwap is a massive decentralized exchange and one of the most used decentralized exchanges in the world. The price of CAKE is down. However, it is up a little bit because it has just been beaten down, and we will see a reversal soon.

CAKE is changing hand at $10.37 with a market cap of over $2.6 billion.

CAKE Chart | Source: Coinmarketcap

CAKE Chart | Source: Coinmarketcap

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