There are many projects throughout the ecosystem. Jason, a crypto expert, has released top 3 undervalued altcoins that have massive potential to boom 2022.
Anchor Protocol (ANC)
The first altcoin on the list is called Anchor Protocol (ANC). Anchor aims to offer token users long-term price stability, preservation of purchasing power, and protection against inflation while hedging against daily market volatility.
Anchor is running on Terra (LUNA). Terra is in second place by TVL. And Anchor is the number one project on LUNA dApp that has the highest TVL.
The top cryptocurrency exchanges for trading in Anchor Protocol stock are currently OKEx, KuCoin, Gate.io, ZT, and MEXC.
ANC Chart | Source: Coinmarketcap
ANC is trading at $3.49 and its market cap is over $659 million at press time. But the total value locked is pushing up and up, which means that they have an enormous value locked on the chain on their application. That’s why Anchor takes first place on this list.
Marinade (MNDE)
The second altcoin to mention is Marinade (MNDE). MNDE is the governance token for Marinade. Marinade helps you to stake Solana without locking in liquidity by turning SOL into mSOL – tokenized version of staked SOL.
This way you can both secure the network by staking SOL and use your mSOL as the ultimate unit in Solana DeFi ecosystem. To provide liquidity, deposit in lending protocols, and even buy NFTs.
Those staking rewards over 6.5% but do not have to lock up your SOL to do so. Users can compound the rewards and participate in DeFi on the Solana blockchain.
MNDE Chart | Source: Coingecko
MNDE is the token currently trading at $0.22, and the market cap is nearly $13.5 million. At the second project on Solana blockchain, a coin at number four on TVL, Marinade has a huge potential to boom in 2022.
Provenance Blockchain
The last altcoin on the list is very special because you can’t go get this token everywhere. It hasn’t been available on exchanges and one will have to go through their public sale or pre-sale. It’s Providence Blockchain. This is a new blockchain that’s launching.
Provenance Blockchain Foundation today announced it has launched a new public, open-source, permissionless, decentralized, proof-of-stake blockchain, which is designed and developed to support financial service industry needs by providing a ledger, registry, and exchange across multiple financial assets and markets.
The company behind Provenance Blockchain is figure.com. figure unveils the first solution for private companies to raise management and trade equity. Private companies that want to participate in blockchain, they’re going to use this figure.com.
This is going to be big for real estate projects and a lot of things are going to launch on here using this Provenance Blockchain that gives this project more use cases and huge potential to pump in 2022.
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Read more:
- Top 5 Low Capitalizing Altcoin That Can Make Some Serious Gains in 2022
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