The entire cryptocurrency market is back in the red as the downtrend continues into the low forty thousand. Experts believe that Bitcoin will still propel to over $100,000 in 2022. So, should you buy Bitcoin? Should you buy altcoins?
In the latest video, Joe Parys, a well-known entrepreneur, and Youtuber in the crypto field has shared the top 5 altcoins that are undervalued for January 2022. The best part is some of these are on the open market giving you the chance to get in now.
Ethereum (ETH)
The first altcoin is Ethereum (ETH). Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency. ETH works as a platform for numerous other cryptocurrencies and executing decentralized smart contracts.
Ethereum is undervalued because ETH 2.0 comes out soon, and the fees are reduced, and the chain works just like many of these other chains do. It will be cheaper, faster, and more secure. This is where we could see a flood of money coming into Ethereum as it already has the first-mover advantage of a smart contract platform. So for all of these reasons and if each 2.0 is executed properly, this is why Ethereum in 2022 could be undervalued.
Binance Coin (BNB)
The second altcoin that is still undervalued is Binance Coin (BNB). Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally.
According to Bloomberg, Joe put this altcoin in second place because Binance CEO Changpeng Zhao (CZ) is the richest crypto billionaire at 96 billion dollars. This sets CZ in the top 20 billionaires in the world. Binance is the world’s largest cryptocurrency exchange now, the BNB token is completely different. This is where there’s a lot more trading and trading volume this is why it is the second cryptocurrency gem here for 2022. That’s why BNB is still an undervalued altcoin.
HEX (HEX), Pulse (PULSE), and PulseX (PLSX)
The third, fourth, and fifth undervalued altcoins are HEX, Pulse (PULSE), and PulseX (PLSX). HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets.
Pulse Token ( PULSE ) is an ERC-20 token meant to provide its holders with control over the governance, and thus future, of Pulse Markets, an open-source, community-driven prediction market platform built on NEAR Protocol and utilizes Flux Protocol’s Data Oracle for market resolution.
The PulseX (PLSX) Sacrifice is creating a set of people that believe freedom of movement and assembly are protected human rights. Sacrifice to prove you believe.
The reason why HEX takes third place is that you can literally earn up to 38% APY staking HEX tokens and you can earn more in HEX.
HEX could definitely be a massive opportunity and it is down minus 59% from its all-time highs again. This could be another opportunity if you want to get in this project.
Overall, these cryptocurrency coins have held their value and or have gone up in the future. PulseX sacrifice phase has almost a billion dollars in USD value. That has been sacrificed already and the current rate for 10,000 points is increasing 5% every single day.
This is making the PulseX token more valuable and more scarce. And that’s why Pulse and PulseX are still undervalued.
Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587
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