Top 4 Undervalued Altcoins On Sale That You Should Buy Soon

Bitcoin has unexpectedly crashed after seemingly pumping! But don’t fear… As in the latest video, Josh, the host of CryptoBusy, has revealed the top 4 undervalued altcoins that are on sale right now and you should definitely buy them to earn some sweet profits in the future.

Polkadot (DOT)

The first one mentioned on the list 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 a decentralized internet of blockchains, also known as Web3.

Polkadot is super undervalued at $14. To the all-time high, that’s a 300% gain. And since Polkadot is a top 20 coin, this is a safe bet to do well. It’s got huge upside potential compared to where it’s been from a technical standpoint. On the three-day chart, there is a level of demand sitting between $10 and $13, so if it does come to that level, DOT is an altcoin that is worth keeping an eye on.

DOT Chart | Source: Youtube

Cosmos (ATOM)

The second undervalued altcoin that is on sale is Cosmos (ATOM). Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.

Cosmos is another one that has great potential. We’re retracing onto the level of support around $17 and all the way down to pretty much $8 or $9. All looks like a valid buy area. However, traders should focus on the $13 and $14 range. We are in a bearish market.

However, this support level down around $12, $13, and $14 are looking like the main one. If we go from here to the all-time high, that is another 156% to 157% gain, which is really nice to see from a coin that’s already so big.

ATOM Chart | Source: Youtube

Chainlink (LINK)

Chainlink (LINK) is the next undervalued altcoin mentioned on the list. Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.

We’ve come to this key level of demand on the daily charts. We’ve finally come into it after days and months of waiting and as long as we see a nice break of structure, if we break above $13 to $14 will definitely see a nice push to the upside to around the $25 to $30 range.

LINK has incredible potential from where we are to get to its all-time high. We’re looking at a 413% gain and as such a big coin, LINK has an enormous potential to get to that high level.

LINK Chart | Source: Youtube

Elrond (EGLD)

The last one on the list is Elrond (EGLD). Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance, and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency, and a $0.001 transaction cost.

This coin deserves to be back where it is, depending on the market. To go back to where we were, we could see a 355% increase and we’re actually coming into a very key level of support. We do have multiple levels of demand between $70 and $95.

EGLD Chart | Source: Youtube

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